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National Hospital Flash Report: September 2025 Data

Hospital operating margins remain stable, but data shows a widespread gap in performance. Patient volumes increased this month in both emergency and inpatient care, while drug expenses continue to rise.

Research Report

Hospital performance stable, but tenuous

Hospital financial and operational performance is generally stable but could be threatened by growth in the cost of expenses outpacing growth in revenues, according to the most recent National Hospital Flash Report from Kaufman Hall, a Vizient company.

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National Hospital Flash Report: July 2025 Data

Hospital performance is generally stable but has softened in recent months. Expense growth is outpacing revenue growth—as non-labor expenses in particular continue to put pressure on hospitals.

Research Report

National Hospital Flash Report: May 2025 Data

Hospital financial indicators were slightly weaker in May than the previous month, with a greater decline in month-over-month outpatient revenue than recorded recently.

Research Report

Omar Hosny

Key areas of expertise: Oncology and service line financial planning; 10+ years of healthcare and financial advisory consulting experience including economic modeling services on complex partnership, long-range strategic planning projects, and M&A; advisor to top cancer organizations for strategic program and partnership development.

expert

National Hospital Flash Report: April 2025 Data

Hospital performance improved between January and April, and on a year-to-date basis, performance in the first four months of 2025 compared favorably to the same period in 2024.

Research Report

Jacob Pritikin

Jacob Pritikin is a Senior Vice President with Kaufman Hall’s Financial Planning & Data Analytics practice, providing financial and capital planning support for hospitals, health systems, physician practices, and other healthcare organizations across the country.

expert

National Hospital Flash Report: February 2025 Data

Performance in February has remained stable. Volumes stayed strong, including in emergency departments. Non-labor expenses have been the primary driver of expense growth thus far in 2025.

Research Report