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By Staff Reporters
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Operating margins at not-for-profit hospitals are expected to “gradually improve” in 2024 but will still lag far behind pre-pandemic levels, according to a January report from credit rating agency Fitch Ratings.
Median operating margins for not-for-profit hospitals dipped to record lows during the pandemic, falling to 0.2% in 2022, according to the agency, which has yet to report numbers for 2023. In 2019, the median not-for-profit hospital operating margin was 2.4%, according to Moody’s.
Despite signs that margins are improving, they’re still “nowhere near” where they were pre-2020, and a “larger expense base will keep huge gains unlikely,” according to Fitch.
CITE: https://www.r2library.com/Resource
“2024 will not be markedly better and certainly not the V-shaped recovery we’re hoping for,” Kevin Holloran, senior director and sector head at Fitch, said in a statement.
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Filed under: "Ask-an-Advisor", "Doctors Only", Drugs and Pharma, Ethics, Experts Invited, Funding Basics, Health Economics, Health Insurance, Healthcare Finance, Information Technology, Insurance Matters, Investing | Tagged: Fitch credit rating, hospitals, Kevin Holloran, Moody's, not-for-profit hospitals, operating margins | Leave a comment »
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