(Bloomberg) -- US hospitals are crawling their way toward a recovery as the public sector slowly shakes off that last of its pandemic woes, according to...
-- US hospitals are crawling their way toward a recovery as the public sector slowly shakes off that last of its pandemic woes, according to analysts at Fitch Ratings .NYC Subway Riders See ‘Exceptionally High’ Air Pollution
The 2024 median operating margin has risen to 0.4% using audited 2023 data, compared to just 0.2% in the prior fiscal year. Over half of not-for-profit hospitals and health-care systems rated by Fitch saw a positive operating margin in fiscal 2023. Liquidity remained stable, with hospitals having about 211 days of cash on hand, a slight improvement from prepandemic levels. Cash-to-debt ratios improved year-over-year to 164%, amid lighter than normal debt issuance in 2023, according to the report. However, industry pressures in the sector still remain, including higher salaries, wages and other labor expenses. Long-term expenses could also overtake revenue generation down the line.
Bloomberg Public Sector Operating Margin External Contractors Health-Care Systems Operating Margins Kevin Holloran
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