The report outlined hospital profitability statistics from 1,300 hospitals nationwide, based on data from Syntellis Performance Solutions, part of Strata. Hospitals in the South and West saw the biggest margin increases year over year, while the Great Plains region saw a decline.
There was also good news for smaller hospitals, as those with less than 500 beds saw double-digit margin growth on average, according to the report. Below are 29 statistics on hospital profitability based on the report.
2024 vs. 2023 Year to Date
1. Operating margin: 17% increase
2. Operating EBITDA margin: 12% increase
3. Net operating revenue per calendar day: 7% increase
4. Gross operating revenue per calendar day: 8% increase
5. Inpatient revenue per calendar day: 7% increase
6. Outpatient revenue per calendar day: 8 % increase
7. Total expenses: 6% increase
Operating margin breakout 2024 vs. 2023
8. West: 25% increase
9. Midwest: 14% increase
10. South: 28% increase
11. Northeast / Mid-Atlantic: 15% increase
12. Great Plains: 7% decline
13. 0-25 bed hospital: 14.4% increase
14. 26-99 bed hospital: 10.7% increase
15. 100-199 bed hospital: 22.4% increase
16. 200-299 bed hospital: 26% increase
17. 300-499 bed hospital: 21.4% increase
18. 500+ bed hospital: 2.9% increase
Net operating revenue per calendar day breakout 2024 vs. 2023
19. West: 9% increase
20. Midwest: 4% increase
21. South: 10% increase
22. Northeast: 6% increase
23. Great Plains: 6% increase
24. 0-25 bed hospital: 6% increase
25. 26-99 bed hospital: 7% increase
26. 100-199 bed hospital: 7% increase
27. 200-299 bed hospital: 8% increase
28. 300-499 bed hospital: 7% increase
29. 500+ bed hospital: 9% increase
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