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Solucient: study shows hospital margins rose in first half of 2002. (Hospital Margins).

Publication: Health Care Strategic Management
Publication Date: 01-APR-03 		Format: Online - approximately 1079 words
Delivery: Immediate Online Access

Article Excerpt
Despite increasing labor and drugs costs, as well as a lagging economy, U.S. hospitals posted their highest operating margin average in five years in the second quarter of 2002, according to a recent report from Solucient.

The Evanston, Ill.-based health care market intelligence firm reported that the average operating margin for the second quarter reached 6.28%, nearly a full percentage point over the first quarter rate of 5.4%. Typically, hospital operating margins peak in the first quarter and then drop--sometimes significantly--by the second quarter.

The 2002 year-to-date average U.S. hospital operating margin was 5.83%. Operating margins--calculated as the difference between operating revenues and total operating expenses divided by total revenue--have long been considered an essential measure of the U.S. health care system's financial strength.

"Our findings seem to indicate a possible trend toward improved efficiency in U.S. hospitals," said Vic Breed, senior VP and general manager of Solucient's operational improvement unit. "However, as hospitals face higher costs and increased pressures...

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