State report highlights hospital price disparity in Massachusetts

All eight hospitals owned and operated by Boston-based Partners HealthCare are more expensive than the average care provider in Massachusetts, reports Boston Business Journal.

Advertisement

That finding is from a study conducted by the Center for Health Information and Analysis, which  compiled commercial insurance data to rank providers in Massachusetts according to the price of their medical services.

When asked about the cost disparities, Partner’s defended its high prices by pointing to the quality and scope of its services, according to Boston Business Journal.

Comparatively, two of Boston-based CareGroup’s five hospitals are higher than the state average, as are two of Burlington, Mass.-based Lahey Health’s three hospitals and one of Worcester-based UMass Memorial’s four hospitals.

For payment reform advocates the report confirms the need for legislative action to limit price variation among hospitals.

“Today’s report reinforces what we have known for a long time about our unfair hospital payment system,” Tyrék Lee, executive vice president of 1199SEIU United Healthcare Workers East, told Boston Business Journal. “Our community hospitals will continue to struggle to compete against wealthy academic medical centers unless we take action.” 

More articles on finance issues: 

NY comptroller: ‘Imperative’ NYC Health + Hospitals stabilize cash level
Study: Half of millennials have delayed medical care because of cost
Clearwave aims to improve RCM with self-service patient check-in

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.