Revenues followed a similar pattern, with Gross Operating Revenue (not including CARES) up 16.7 percent YTD and 71.8 percent YOY but down 2.5 percent compared to prior month. Inpatient Revenue rose 10.6 percent YTD and 37.1 percent YOY but was down 1.9 percent month-over-month. Outpatient Revenue rose 20.3 percent YTD and jumped 114.8 percent compared to April 2020 but fell 2.0 percent from March.

Total expenses continued to increase both YTD and YOY, but saw moderate decreases month-over-month. Total Expense was up 6.6 percent YTD and 13.1 percent YOY, Total Labor Expense increased 6.1 percent YTD and 9.4 percent YOY, and Total Non-Labor Expense rose 7.0 percent YTD and 16.3 percent YOY. Compared to March, however, all three metrics were down about 3 percent. Expense results were mixed when adjusted for the month’s volumes. Total Expense per Adjusted Discharge, for example, increased 2 percent compared to January-April 2020, but fell 32.3 percent from April 2020 and 2 percent from March.


The National Hospital Flash Report draws on data from more than 900 hospitals.


About Kaufman Hall
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Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.

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