Claim costs associated with hospital and professional services for patients covered under commercial health plans rose 7.79 percent over the year ending in November, as measured by the Standard & Poor’s Healthcare Economic Commercial Index and reported in an S&P news release.
The S&P healthcare economic indices estimate the per capita change in revenues accumulated each month by hospital and professional services facilities for services provided to patients covered under Medicare and commercial health insurance programs.
The annual growth rates are determined by calculating a percent change of the 12-month moving averages of the monthly index levels versus the same month of the prior year.
The average per capita cost of healthcare services covered by commercial insurance and Medicare programs rose 6.27 percent over 12 months ending Nov. 2010 — a decrease from the 6.68 percent reported for the 12 months ending Oct. 2010.
Read the S&P news release on the claim costs associated with hospitals.
Read more financial coverage from Standard & Poor’s:
– S&P: More Hospitals Dropping to Speculative-Grade Financial Ratings
– S&P Says Hospitals Face Rocky Road in First Three Years Of Reform
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.
