The 12-month moving average healthcare price growth rate hit a new low at 1.5 percent. Additionally, the year-over-year growth rate for hospital prices slowed to 1.5 percent in August, the lowest rate since December 1998, according to the report.
Healthcare spending grew 3.8 percent in August 2013 over August 2012, increasing to a seasonally adjusted annual rate of $2.93 trillion, up slightly from $2.92 trillion in July. Hospital spending was $928 billion and represented 32 percent of total healthcare expenditures.
More Articles on Healthcare Price Growth:
Healthcare Share of GDP Drops to 17.4%
AHA: Hospital Price Growth Continues to Decline
Healthcare Price Growth Hits 20-Year Low
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.
