As operating margins inch upward, hospitals are trending to profitability. But their performance still isn’t at pre-pandemic levels.
For the first three quarters of 2023, hospital operating margins were up 19% and operating EBIDA was up 11% compared to the same period last year, according to Kaufman Hall’s October National Hospital Flash Report. Net operating revenue per calendar day saw a 6% increase and even inpatient revenue was up 3%. Compared to 2020, year-to-date operating margins in September were down 2% and operating EBIDA margins were down 9%.
Hospitals in the south reported the biggest boom with a 50% increase in operating margins and 25% bump in operating EBIDA margin through September, compared to the first three quarters of 2022, Becker’s reports. Read more.
