March was the first time in 15 months that revenue growth outpaced expense increases. The median hospital year-to-date operating margin in March was 0.4 percent, up from -1.1 percent in February.
Despite the solid news, expenses still rose for the 11th consecutive month, according to the report.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.