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Rising labor expenses strain hospital finances, says Kaufman Hall report

Press releases may be edited for formatting or style | January 05, 2022 Business Affairs

The month-over-month drop in volumes contributed to a slight decrease in total hospital revenues in November. Compared to October 2021, Gross Operating Revenue (not including CARES) declined 0.6%, Inpatient Revenue dropped 2.6%, and Outpatient Revenue was down 0.7%. Year-to-date and year-over-year revenues remained elevated compared to both 2019 and 2020 levels for a ninth consecutive month.

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

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About Kaufman Hall
Kaufman Hall provides management consulting solutions to help society’s foundational institutions realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods, rigorous analytics, and industry-leading solutions into their strategic planning and financial management processes, with a focus on achieving their most challenging goals.

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; performance improvement; treasury and capital markets management; mergers, acquisitions, partnerships, and joint ventures; and real estate.

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