Altarum: Healthcare spending moderates as job growth surges

Healthcare spending growth slowed in July, falling to 5.6 percent year-over-year, according to the latest economic indicators from Altarum Institute’s Center for Sustainable Health Spending, the American Hospital Association reported.

Advertisement

The center found prescription drug prices rose 4.4 percent, continuing to outpace any other healthcare category. Hospital prices rose by 0.9 percent while prices for physicians and clinical services were 1.1 percent lower than last year.

Hospitals have added more than 105,000 jobs since January, a sevenfold increase compared to the same timeframe in 2014, according to the Altarum Institute’s Center for Sustainable Health Spending. Overall, the healthcare sector added 314,000 jobs, nearly double the number added during the same period last year.

“It is no accident that the healthcare share of total jobs has reached a new high at the same time that the share of the population without health insurance is at a new low,” said Charles Roehrig, director of the center.

More articles on finance:
What health insurers can learn from ‘Covered California’ and narrow networks
Partners HealthCare delays Union Hospital closing
TeamHealth announces Q2 results: 3 things to know

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.