The latest data comes after a slip in July by almost 1 percentage point.
“While margins remain narrow, the August figure suggests hospital finances are stabilizing with strong revenues contributing to six consecutive months of positive operating margins after more than a year in the red,” the report said. Margins are up 1.9 percent from August 2022.
An ongoing shift toward outpatient services contributed to the margin improvement, with revenue in that sector rising a “sizable” 10 percent year over year and 11.6 percent month over month. Inpatient revenue also rose, up 4 percent year over year and 3.9 percent month over month.
Expenses continued to climb, however, even as per patient expenses eased. Total labor expenses increased 3 percent year over year, while supply and drug expenses rose 6 percent.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
