February 1, 2022
  • Kaufman Hall’s latest monthly report found that hospitals performed better in 2021, although the industry is “still performing well below 2019” in regard to margins and volumes. According to the report, hospitals’ median change in operating margin for the full year of 2021 (without CARES Act relief) rose 44.8 percent compared to 2020, but still remained 3.8 percent below margins from the entirety of 2019. Hospitals’ gross operating revenue for 2021 was up 14.7 percent compared to 2020; however, the greater inflow of funds was offset by steadily increasing workforce shortages and supply costs. (Report here)