According to Strata’s Healthcare Performance Trends Report: Q1 2024, and a release from the American Hospital Association, U.S. hospitals encountered payment issues in the first quarter of 2024.
Other key findings:
- “U.S. hospitals experienced up to a 17.9% shortfall in payment volumes in the first quarter.
- Expansion of the Two-Midnight Rule governing how long patients can be kept in outpatient status could affect more than 20% of Medicare Advantage encounters in 2024.
- Median hospital operating margins continue to stabilize, with the metric holding above 4.5% throughout the first quarter as hospitals saw an 11th straight month of gross revenue growth.”
