Becker's ASC Review

37 HEALTHCARE NEWS 37 Hospital profitability: 36 statistics By Laura Dyrda T he average hospital operating margin dropped from June to July, but has increased year over year, according to the Kaufman Hall National Hospital Flash Report. The report, released Aug. 28, included data from more than 1,300 hospitals across the U.S. Kaufman Hall noted expenses dropped in July, but not enough to offset revenue losses and bad debt and charity care increased as well. Here are 36 statistics on hospital profitability, focused on operating margin and EBITDA nationally and by region. National Operating Margin July 2023 vs. June 2023: -31 percent July 2023 vs. July 2022: 20 percent First half of 2023 vs. First half of 2022: 20 percent EBITDA July 2023 vs. June 2023: -26 percent July 2023 vs. July 2022: 13 percent First half of 2023 vs. First half of 2022: 12 percent West Operating Margin July 2023 vs. June 2023: -42 percent July 2023 vs. July 2022: 7 percent First half of 2023 vs. First half of 2022: 16 percent EBITDA July 2023 vs. June 2023: -29 percent July 2023 vs. July 2022: 0 percent First half of 2023 vs. First half of 2022: 5 percent Midwest Operating Margin July 2023 vs. June 2023: - 45 percent July 2023 vs. July 2022: 21 percent First half of 2023 vs. First half of 2022: 6 percent EBITDA July 2023 vs. June 2023: -44 percent July 2023 vs. July 2022: 10 percent First half of 2023 vs. First half of 2022: 4 percent South Operating Margin July 2023 vs. June 2023: -16 percent July 2023 vs. July 2022: 32 percent First half of 2023 vs. First half of 2022: 27 percent EBITDA July 2023 vs. June 2023: -16 percent July 2023 vs. July 2022: 21 percent First half of 2023 vs. First half of 2022: 15 percent Northeast / Mid Atlantic Operating Margin July 2023 vs. June 2023: -38 percent July 2023 vs. July 2022: 19 percent First half of 2023 vs. First half of 2022: 25 percent EBITDA July 2023 vs. June 2023: -39 percent July 2023 vs. July 2022: 7 percent First half of 2023 vs. First half of 2022: 17 percent Great Plains Operating Margin July 2023 vs. June 2023: -40 percent July 2023 vs. July 2022: 39 percent First half of 2023 vs. First half of 2022: 43 percent EBITDA July 2023 vs. June 2023: -25 percent July 2023 vs. July 2022: 18 percent First half of 2023 vs. First half of 2022: 18 percent n as primarily outpatient with the occasional inpatient hospital need, a dramatic shi from the traditional viewpoint." Health systems are building out their ambulatory surgery center networks and expanding partnerships with local and national ASC chains for high quality, low cost care. ey're also expanding virtual networks, hospital-at-home, and telehealth capabilities for even more convenient care. Sg2 predicts virtual visits will see 28 percent growth in the next decade, hitting 1.67 billion new and established evaluation and management visits. University Hospitals in Cleveland is increasing utilization at its existing ambulatory surgery sites while expanding offerings in the near future. "As healthcare changes, we are adapting to consumer demand by expanding our access through introduction of new sites and care modalities, consolidating to multispecialty practices or adding facilities in key locations to assure we are meeting patients' care needs, where and how they prefer to have them met," Paul Hinchey, MD, COO of University Hospitals, told Becker's. "At UH, we're designing a system of care with many outpatient access points that embraces this new reality." n

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