Healthcare Performance Trends Report: Q3 2024
Market Analysis and Hospital & Patient Volume Benchmarks
The Healthcare Performance Trends Report combines analyses of financial, operational, and claims data from healthcare organizations across the country.
Key findings from our Q3 2024 report include:
- Bariatric surgeries and associated hospital margins declined in recent years as the use of weight loss medications has increased.
- Hourly pay for hospital employees continues to rise as organizations seek to recruit and retain qualified healthcare professionals, with year-over-year increases as high as 8.1% for select roles.
- The median health system operating margin narrowed for a third consecutive month, decreasing from a 12-month high of 2.3% in May and June to 1.6% in September.
StrataSphere®
Leverage the power of your network
Actionable, Trustworthy Data
can be translated and analyzed across health systems, entities, and service lines
Advanced Capabilities
including Benchmarking of Key Performance Indicators (KPIs), Industry Insights and Comparative Analytics, Predictive Modeling, and the Development of Financial Standards
Machine Learning
natural language processing, and predictive analytics are used to normalize, standardize, map and clean data across tens of billions of records
Collaborative Testing
that provide insight to enhance your planning. Participating organizations receive customized analytics that can be compared to the broader StrataSphere insights