Nonprofit hospital expenses and revenue climbed at nearly the same rate in May, showing stability after a volatile few months to begin the year, according to Kaufman Hall's National Hospital Flash Report.
The report includes data from 1,300 hospitals from Sytellis Performance Solutions, a Strata company. The report found overall revenue was up around 7% year over year, but dropped slightly from April 2024. Expenses were also up 6% compared to May of last year.
Both inpatient and outpatient revenue per day climbed 8% year over year, breaking from previous months when outpatient revenue was growing at a faster clip.
Here are XX statistics on hospital revenue and expenses.
Net operating revenue per calendar day
Month over month: -3%
Year over year: 7%
Year to date vs. 2023: 9%
Gross operating revenue per calendar day
Month over month: -1%
Year over year: 8%
Year to date vs. 2023: 9%
Inpatient operating revenue per calendar day
Month over month: -2%
Year over year: 8%
Year to date vs. 2023: 7%
Outpatient revenue per calendar day
Month over month: -1%
Year over year: 8%
Year to date vs. 2023: 10%
Bad debt and charity per calendar day
Month over month: -6%
Year over year: 8%
Year to date vs. 2023: 17%
Expenses
Total expenses per calendar day
Month over month: -2%
Year over year: 6%
Year to date vs. 2023: 5%
Labor expenses per calendar day
Month over month: -1%
Year over year: 5%
Year to date vs. 2023: 4%
Non-labor expenses per calendar day
Month over month: -2%
Year over year: 7%
Year to date vs. 2023: 7%
Supply expenses per calendar day
Month over month: -2%
Year over year: 9%
Year to date vs. 2023: 10%
Drugs expenses per calendar day
Month over month: 0%
Year over year: 9%
Year to date vs. 2023: 10%
Purchased service expenses per calendar day
Month over month: -2%
Year over year: 6%
Year to date vs. 2023: 5%