Five things to know:
1. Average nonprofit hospital margins held at 4.2% in August. Margins have been relatively flat since March when they hit 4.3%.
2. Operating margins were up 14% year to date from 2023 to 2024 on average. The average operating EBITDA margin grew 10% in the same timeframe.
3. Net operating revenue per day was up 7% in August year over year. Inpatient and outpatient revenue per calendar day were up 6%.
4. Total expenses per calendar day increased 7% on average in August compared to the same period last year. The expense breakdown was:
- Labor expense per calendar day: 5% increase
- Non-labor expense per calendar day: 6% increase
- Supply expense per calendar day: 7% increase
- Drugs expense per calendar day: 5% increase
- Purchased service expense per calendar day: 12% increase
5. Average length of stay dropped 1% in August year over year and is down 2% from July.
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