Hospitals’ financial performance remains steady, according to the most recent National Hospital Flash Report from the Chicago-based Kaufman Hall consulting and advisory firm. A press release posted to the company’s website on Sep. 4 quoted Erik Swanson, senior vice president of data and analytics as stating that “The theme of 2024 has been stability. We’re seeing improvements across the board, especially in outpatient revenue and shorter average length of stay. Notably, the reduction in average length of stay has also led to significant decreases in expenses, further bolstering hospital performance. However, while overall hospital performance has been strong, the financial performance of health systems has been trending lower than hospitals alone.”
Read the full article: Kaufman Hall: Hospitals’ Finances Seen Stabilizing //
Source: https://www.hcinnovationgroup.com/finance-revenue-cycle/news/55137693/kaufman-hall-hospitals-finances-seen-stabilizing