Infographic: 5 Healthcare Financial Benchmarks

Healthcare saw notable gains going into Q2.

A new report by Strata highlights the latest financial performance for hospitals and physician groups across the country. The report, which looked at monthly data from over 135,000 physicians and 1,600 hospitals, highlights five key metrics. 

1. The median hospital margin held steady for a second month at 4.7%, while patient volumes and revenues continued to increase. 
    
2. Supply and drug expenses for hospitals increased, which put non-labor expenses ahead of labor expenses after a slowdown the previous month. 
    
3. Both inpatient and outpatient services brought significant growth to gross hospital revenues and hospitals saw a 12th consecutive month of year-over-year gross revenue increases.
    
4. The highest year-over-year in patient volumes came from outpatient visits which were up almost 13% compared to the same time in 2023. 
    
5. Physician expenses stayed above $1 million in April and physician practices continue to generate high costs in need of investment support for practice operations. 

Check out this infographic for a quick breakdown.