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STAT+: For many hospitals, a surge in patients leads to windfalls
Hospitals are seeing lots of patients and earning strong profits. But policy shifts and Medicaid cuts loom.
Mickey Mouse wishes he had the profit margins of some hospitals.
AdventHealth is currently more profitable than the average company within the S&P 500. The tax-exempt, religious system, which runs 53 hospitals across nine states, generated a 17% operating margin and 23% net margin, inclusive of investments, in the first three months of 2025. Its net margin was larger than that of Amazon, ExxonMobil, and, yes, Walt Disney.
While AdventHealth’s level of profitability is an outlier, many hospitals across the country are having no problems making money. One big reason: The number of patients walking in their doors has soared — sometimes beyond pre-Covid levels. Hundreds of millions of dollars from the Federal Emergency Management Agency to cover Covid-related costs continue to pour into some health systems as well.
