Even with the expense increases, hospital operating margins rose year-over-year in January for the first time since December 2021. The median change in hospital operating margin increased 3.7 percentage points compared to January 2022, when hospital margins dropped under the pressures of the Omicron surge. Compared to December 2022, however, the median January 2023 change in operating margin was down -2.2 percentage points, reflecting ongoing financial challenges for hospitals nationwide as they work to maintain operations amid high expenses.

About the Data
The Syntellis Performance Trends report — issued monthly — uses data from Syntellis’ Axiom™ Comparative Analytics, which offers access to near real-time data drawn from more than 135,000 physicians from over 10,000 practices and 139 specialty categories, and from 500+ unique departments across more than 1,300 hospitals. Powered by Syntellis IQ, Axiom Comparative Analytics also provides data and comparisons specific to a single organization for visibility into how their market is evolving.

About Syntellis
Syntellis Performance Solutions provides innovative enterprise performance management software, data, and intelligence solutions for healthcare organizations. Its solutions include enterprise planning, cost and decision support, and financial and clinical analytics to elevate organization performance and transform vision into reality. More than 2,800 organizations and 450,000 users rely on Axiom, Connected Analytics, and Stratasan software. With an HFMA Peer Review designation for nearly a decade and No. 1 rankings from Black Book Research multiple years, running, Syntellis helps healthcare providers acquire insights, accelerate decisions, and advance their business plans.

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