The median year-to-date operating margin among health systems remained at 2.3% in June, showing stability despite rising expenses and declining patient volumes.
Labor expenses for providers increased by 5.2% while non-labor costs rose by 3.3% from June 2023 to June 2024, resulting in a 4.8% overall expense rise.
Outpatient volumes dropped by 10.2% in June compared to May, with overall patient volumes for outpatient visits declining by 4.2% since June 2023.
Hospital and health system operating margins have stabilized despite the challenges of rising expenses and falling patient volumes, indicating overall financial improvement but ongoing market volatility.
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