April 24, 2023
Providers | Tea Leaves
  • A report published last week by the American Hospital Association (AHA) shows a 17.5 percent increase in hospital expenses from 2019 to 2022 that more than doubled the period’s 7.5 percent rise in Medicare reimbursement. The report identified that labor costs represent nearly half of a hospital’s operating expenses and have become a key issue for the industry amid widespread shortages. Still, AHA wrote that hospitals were being hammered on all sides with commensurate increases in drug expenses per patient (19.7 percent) and supply expenses per patient (18.5 percent), along with purchased service expenses (18 percent) during the four-year period. (Article here)