Hospitals’ median operating earnings before interest, taxes, depreciation and amortization margin was up 20 percent month over month in October and 6 percent year over year.
Median operating margins for hospitals rose 34.8 percent month over month, and rose 10.4 percent year over year.
In addition, hospitals saw modest revenue gains in October. Net patient service revenue per patient discharge rose 1.5 percent year over year and 1.2 percent year over year.
The modest revenue increase was coupled with decreases in bad debt and charity care. The percent of uncompensated care as a percent of gross revenue in October decreased 4.8 percent year over year.
The strong operating performance for the hospital sector was also attributed to an increase in patient volume, which the firm said is likely a result of seasonal illnesses.
Access the full report here.
More articles on healthcare finance:
Sutter Health delays financial filing after antitrust settlement
CHS absorbs $47M of patient debts in settlement
Ascension’s revenue climbs to $6.5B in Q1 of fiscal 2020
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
