Gross hospital revenues continued to grow, even as expenses rose and patient volumes decreased. Outpatient revenue was up 4.5%, inpatient revenue rose 2.8%, and gross operating revenue was up 3.9% from November 2023 to November 2024, marking the 19th consecutive month of YOY increases for the three metrics.
Month-over-month, however, hospitals saw gross revenues drop. Outpatient revenue was down 10.1%, inpatient revenue decreased 6.0%, and gross operating revenue was down 8.6% from October to November 2024. Net patient service revenue (NPSR) per adjusted discharge increased across both measures, rising 1.4% YOY and 1.0% month-over-month.
About the Data
This report uses data from Comparative Analytics and Strata’s StrataSphere® database. Comparative Analytics 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 1,600 hospitals. Comparative Analytics also provides data and comparisons specific to a single organization for visibility into how their market is evolving. StrataSphere is a unique and comprehensive data-sharing platform that helps providers leverage the power of a network that represents approximately 25% of all provider spend in U.S. healthcare. This report incorporates data from more than 650 hospitals from over 120 health systems with StrataJazz® Decision Support, as reported in the National Patient and Procedure Volume TrackerTM.
About Strata Decision Technology
Strata Decision Technology, LLC provides an innovative, cloud-based platform for software, and data and service solutions to help healthcare organizations acquire insights, accelerate decisions, and enhance performance in support of their missions. More than 2,300 organizations rely on Strata’s StrataJazz and Axiom solutions for market-leading service and enterprise performance management software, data, and intelligence solutions. To learn more about Strata and why the company has been named the market leader for Business Decision Support for more than 15 consecutive years, please go to www.stratadecision.com.
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