June 29, 2022
  • Kaufman Hall’s latest National Hospital Flash Report indicates that hospitals continue to perform below pre-pandemic metrics, even though revenue and patient volume have improved. The median change in operating margin was up 18.9 percent in May over April, but down 45.6 percent from May 2021. Gross operating revenue was up 3.4 percent from April and 7.6 percent from May 2021. The report attributed the increases to a rise in patient volume in May – length of stay, patient days, and emergency visits increased by 2.3 percent, 4.8 percent, 9.5 percent, respectively. Simultaneously, total expenses rose 1.1 percent from April and 10.7 percent from May 2021. Inflation and labor costs shortages have contributed to total costs climbing 10.4 percent year-to-date. (Report here)