Fiscal unfitness: U.S. hospitals still suffer negative impacts from the recession in 2010
Bad debt and charity care as a proportion of hospitals’ total gross revenue increased for 9 in 10 hospitals in the U.S. according to the American Hospital Association’s press release, Hospitals Continue to Feel Lingering Effects of the Economic Recession. Today’s macroeconomic news that U.S. economic growth slowed in the first quarter of 2010 doesn’t bode well for hospitals or for patients, for whom the so-called “jobless recovery” in the nation creates financial insecurity and, more specifically, health care insecurity. Hospitals’ other negative economic impacts include depressed numbers of elective procedures (suffered by 72% of U.S. hospitals), depressed overall patient volumes
The decline and fall of American hospital finance
Declining admissions, growing bad debt, rising interest expenses, falling reimbursements, illiquid capital markets, layoffs, cutbacks, and crashing credit ratings…these are the co-morbidities of the American hospital-as-patient in the 2009 economy. The American Hospital Association (AHA) has revisited its landmark survey on the U.S. hospital economy published in November, and today released The Economic Crisis: The Toll on the Patients and Communities Hospitals Serve. AHA has found that the economy is having devastating consequences on both individual patients and the larger communities that the hospitals serve. 9 in 10 hospitals have made cutbacks to services by cutting staff, administrative expenses, and
Health Populi’s Tea Leaves for 2008
I “leave” you for the year with some great, good, and less-than-sanguine expectations for health care in 2008. These are views filtered through my lens on the health care world: the new consumer, health information technology, globalization, politics, and health economics. Health politics shares the stage with Iraq. Health care is second only to Iraq as the issue that Americans most want the 2008 presidential candidates to talk about, according to the latest Kaiser Health Tracking Poll. Several candidates have responded to the public’s interest with significant health care reform proposals. But major health reform – such as universal access
Hearts and the hospital bill – and the role of health IT
The annual national hospital bill may reach $1 trillion by 2008. This forecast is brought to you in a new report from the Agency for Healthcare Research and Quality (AHRQ). Hospital charges in 2005 totalled $873 billion in 2005, nearly doubling in ten years. The hospital bill was covered primarily by three payor segments: Medicare, which paid nearly one-half of the total hospital bill; private insurance, covering nearly one-third; and Medicaid, at 14% of the total. What are we spending money on in hospitals? Putting aside pregnancy/childbirth and infant care, the top three conditions are heart-related: coronary artery disease ($46
Hammers, nails and health spending – regional variations in the U.S.
There is more money spent on health care for each citizen of Massachusetts and Pennsylvania than for a citizen in Utah, Arizona or Nevada. In fact, per capita health spending was 59% lower in Utah than Massachusetts in 2004. The latest state-by-state spending variations are highlighted in Health Affairs’ web-exclusive feature. Welcome to the statistical phenomenon in health care known as “regional variation.” The guru-researcher of regional variation is John Wennberg, who has detailed these trends in fhe Dartmouth Atlas. New regional health spending data were published in Health Affairs, which we health economists and policy wonks eagerly anticipate
I'm in amazing company here with other #digitalhealth innovators, thinkers and doers. Thank you to Cristian Cortez Fernandez and Zallud for this recognition; I'm grateful.
Jane was named as a member of the AHIP 2024 Advisory Board, joining some valued colleagues to prepare for the challenges and opportunities facing health plans, systems, and other industry stakeholders. Looking forward to AHIP 2024 in Las Vegas come June 11-13, 2024.
Join Jane at AHIP's annual meeting in Las Vegas: I'll be speaking, moderating a panel, and providing thought leadership on health consumers and bolstering equity, empowerment, and self-care.