Hospitals' Finances Fare Better Than Those of Doctors
Hospitals see increased operating margins, while physician groups experience deficits where expenses outpace revenue
- Physician productivity rose in the most recent year (reaching 6213 work relative value units), but physician expenses outpaced revenue.
- The amount physician practices invest to offset insufficient revenue increased 14% from 2023.
- The average operating margin of hospitals increased to 6% in February 2024, compared to 0.4% last year.
Source
Syntellis. Monthly Healthcare Industry Financial Benchmarks. Accessed April 18, 2024.
