U.S. Hospital and Health System Operating Margins Stagger in November, According to New Strata Data
CHICAGO – Jan. 7, 2025 – Hospitals and health systems nationwide saw operating margins narrow in November as patient demand waned and expenses continued to grow, according to new data from Strata Decision Technology.
How to Boost Healthcare Analytics Adoption: 5 Tips for Healthcare Organizations
Integrating healthcare financial analytics into decision-making processes is increasingly vital as hospitals and health systems nationwide contend with high costs, narrow margins, shifts in patient demand, and other financial and operational pressures.
Health System Operating Margins See Slight Gains After Three Months of Declines, According to New Strata Data
CHICAGO – Nov. 25, 2024 – Health systems nationwide saw slight margin gains in October following three months of declines, while hospital operating margins narrowed slightly following two months of increases.
The median year-to-date (YTD) health system operating margin rose from 1.6% in September to 1.8% in October. Meanwhile, the median YTD hospital operating margin dropped from 5.1% to 4.9% over the same period.
How Three Health Systems Use Benchmarks to Optimize Labor and Productivity Planning
As the largest share of overall expenses for most healthcare organizations, managing labor expenses is critical to ensuring both effective patient care and financial stability.
The Path to Accurate Cost Accounting
Across healthcare, there is a pressing need to understand the true costs of delivering care. This report, developed for the American Hospital Association, discusses the limitations of commonly used cost-accounting methodologies that are based on charges. It describes alternative cost accounting methods used by many healthcare organizations that better reflect the complexities of healthcare costs, such as the HFMA-Strata L7 Cost Accounting Model.
The Journey to Time-Driven Costing
A comprehensive guide to enabling time-driven costing for your organization
How EPMs are Transforming Healthcare Technology
Today, a new category is emerging for healthcare: the Enterprise Performance Management (EPM) system. An EPM system is a healthcare software platform that integrates both financial and clinical views, using these data sources to spark insights with information.
Identifying Over 110 Opportunities Helps Organization Quantify the Cost of Harm - Retheme
July 10, 2020
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Quantify Impact of Improved Quality of Care
While healthcare organizations have long believed that higher quality amounts to lower cost, quantifying the impact of improved quality of care has proven difficult. Without the necessary tools, processes, and strong internal support, providers have been unable to demonstrate the real cost and margin impact of higher quality care.