Hospitals entered 2026 facing a financial “new normal” marked by rising expenses, a shifting payer mix and persistent pressure on margins, according to Kaufman Hall’s latest “National Hospital Flash Report,” which is based on data from more than 1,300 hospitals. Hospital operating margins remained stable in December, with Kaufman Hall reporting an adjusted year-to-date operating margin of 1.3% to close out 2025. While margins were stronger last year than in the immediate post-pandemic period, analysts argue that underlying trends point to ongoing financial strain.
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Source: https://www.beckershospitalreview.com/finance/hospital-finances-new-normal/