February 2020
National Hospital Flash Report
Based on January Data from Over 800 Hospitals
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Dear Readers,
This issue of the National Hospital Flash Report provides our first glimpse to how the nation’s hospitals are performing thus far in 2020. Unfortunately, the year is off to a shaky start. While January volumes were up both year over year and month over month, those increases failed to offset declines in other areas.
Hospitals across the country saw margin results shift downward in January, with both Operating Margin and Operating Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) Margin down more than -23 basis points over the same period in 2019.
Rising expenses and declining revenues contributed to the downturn. Both labor and non-labor expenses were up year over year, while Net Patient Service Revenue (NPSR) per Adjusted Discharge was flat compared to January 2019, and down month over month.
These results reflect the delicate balancing act that hospitals are in as they work to maintain adequate performance levels needed to continue serving the needs of communities across the country. We will continue to monitor and report on the performance of these critical institutions as the year progresses, as hospitals contend with new competitors, and increasing pressures on volumes and costs. Thanks,
Jim Blake
Managing Director and Publisher
Kaufman Hall
Real Data. Real Insight. Real Time.
©2020 Kaufman, Hall & Associates, LLC
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National Hospital Flash Report
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