Nonprofit hospitals continue to see higher expenses, but for the first time in a few years, they are seeing revenue growth that outpaces those higher costs. Hospitals also saw improved operating medians in 2024, according to a new report released by Moody’s Ratings. The median operating margin for nonprofit hospitals rose to 1.5% in the 2024 fiscal year, compared with 0.5% the previous year. Still, hospital operating margins haven’t returned to what they were before the arrival of COVID-19. And some hospitals aren’t faring as well as others. “Financial performance remained below pre-pandemic levels across the portfolio,” the Moody’s report states.
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Source: https://www.chiefhealthcareexecutive.com/view/in-a-change-hospital-revenue-growth-is-outpacing-expenses