The survey includes data from more than 1,600 hospitals and 135,000 physician groups in the U.S. The median year-to-date health system operating margins for June were 2.3% for the second consecutive month while the national averages dropped slightly for hospitals to 4.9% month over month.
Hospitals are seeing elevated expenses and inpatient revenue compared to 2023, but declines across the board compared to May:
Month over month
- Total expenses: 2.8% drop
- Labor expenses: 3% drop
- Non-labor expenses: -2.7% drop
Year over year
- Total expenses: 4.8% increase
- Labor expenses: 5.2% increase
- Non-labor expenses: 3.3% increase
Average inpatient revenue also dropped 5.4% month over month but was up 4.7% year over year. Outpatient revenue also declined 7.6% month over month.
