28 statistics on hospital financials by state: Moody’s

Hospitals nationwide are showing signs of stronger financial footing, though the pace of recovery varies by region, according to a report from Moody’s. 

Rising revenues and moderating expenses are contributing to healthier margins, while liquidity and leverage trends highlight both opportunities and ongoing pressures. At the same time, reliance on government payers continues to shape hospital financial strategies, underscoring the complex environment leaders are navigating in 2024.

Here are 28 statistics based on the Moody’s report on hospital medians released Aug. 14.

Midwest

1. Median operating cash flow margin: 6.1% (up from 5.2% in 2023)

2. Revenue growth rate: 8.5%

3. Expense growth rate: 6.7%

4. Days cash on hand: 216

5. Debt to cash flow: 3.1x

6. Total Medicare patient revenue sources by gross revenue: 48.3%

7. Total Medicaid patient revenue sources by gross revenue: 14.9%

Northeast

8. Median operating cash flow margin: 5.3% (after 2 years of around 4%)

9. Revenue growth rate: 9.2%

10. Expense growth rate: 7.7%

11. Days cash on hand: 148

12. Debt to cash flow: 3.5x

13. Total Medicare patient revenue sources by gross revenue: 48.1%

14. Total Medicaid patient revenue sources by gross revenue: 16.5%

South

15. Median operating cash flow margin: 7.8% (up from 5.7% in 2023)

16. Revenue growth rate: 10%

17. Expense growth rate: 7.4%

18. Days cash on hand: 196

19. Debt to cash flow: 3.0x

20. Total Medicare patient revenue sources by gross revenue: 48.8%

21. Total Medicaid patient revenue sources by gross revenue: 13.7%

West

22. Median operating cash flow margin: 6.3% (up from 5.2% at its low point during the pandemic)

23. Revenue growth rate: 8.8%

24. Expense growth rate: 7.9%

25. Days cash on hand: 187

26. Debt to cash flow: 3.5x

27. Total Medicare patient revenue sources by gross revenue: 44.9%

28. Total Medicaid patient revenue sources by gross revenue: 18.4%

The post 28 statistics on hospital financials by state: Moody’s appeared first on Becker’s Hospital Review | Healthcare News & Analysis.