Hospital Prices Saw 0.1% Decline in August

The producer price index for acute-care hospitals has increased 1.5 percent between August 2012 and August 2013, according to seasonally adjusted figures from the Bureau of Labor Statistics.

Advertisement

However, prices have gone down by 0.1 percent compared with the July PPI.

The PPI for hospitals measures “changes in actual or expected reimbursement received for services across the full range of payer types,” according to the American Hospital Association. “This includes the negotiated contract rate from the payer plus any portion expected to be paid by the patient.”

More Articles on Hospital Prices:
Study: Hospitals With Huge Market Power Command High Prices
Healthcare Share of GDP Drops to 17.4%
Hospital Price Index Rose 0.3% in July

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.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.