Syntellis surveyed the financial performance of more than 1,300 hospitals nationwide and found the median hospital operating margin was 5.2%. The report noted many hospitals had revenue gains outpace expense increases, but there was a drop in days cash on hand.
The average EBITDA margin was up 3.6 percentage points to start the year.
Notably, outpatient revenue was up 10.6% and inpatient revenue jumped 9.6%, while total expenses rose 5.6% year over year, driven by a 7% increase in non-labor expenses. Labor expenses were up 3.6% year over year, according to the report.
