PHC4 Reports on PA Hospital Financial Performance
Pennsylvania hospitals’ financial performance in 2018 was mixed, according to a new analysis by the Pennsylvania Health Care Cost Containment Council.
According to PHC4,
- uncompensated care declined two percent
- total margins fell 0.05 percentage points
- operating margins declined 0.39 percentage points
- net patient revenue rose 3.9 percent
- discharges fell 1.2 percent
- inpatient days fell 0.3 percent
Learn more about the 2018 financial performance of acute-care hospitals in Pennsylvania, including data for every such hospital in the state and measures such as payer mix, in the PHC4 report Financial Analysis 2018: General Acute Care Hospitals
For FY 2018-2019, Pennsylvania borrowed against future proceeds from the Tobacco Settlement Fund to help balance the state budget. Debt service payments will soon be due and the Wolf administration has proposed paying that debt service with proceeds from the state’s sales and use taxes. In a letter to state legislators, SNAP and the others endorse this aspect of the administration’s proposed budget FY 2019-2020 budget.
In California and Oregon, the state Medicaid programs are using care coordination and funding from multiple sources, including traditional Medicaid funding, alternative payment approaches, and savings from care coordination to provide services such as housing, food, and legal assistance while also building the capacity of health care and community groups to support such efforts. Both states obtained federal Medicaid waivers to enable them to expend Medicaid resources on non-Medicaid-covered services.
According to a recent post on the CMS blog (in CMS’s own words),
Among the possible alternatives to the current methodology for calculating inflation is the Chained Consumer Price Index for All Urban Consumers. The Obama administration also explored substituting this index for the current inflation factor.
The report consists of descriptions of the different types of supplemental Medicaid payments that states make to some providers, including:
The report, published on the JAMA Network Open, found that ER visits by uninsured patients fell from 16 percent to eight percent between 2006 and 2016, with most of this decline after 2014, while uninsured discharges fell from six percent to four percent.
Included in this month’s edition are articles about:
According to a new study, safety-net, academic, and rural hospitals have enjoyed improved performance under the program since Medicare began organizing hospitals into peer groups based on the proportion of low-income patients they serve rather than simply comparing individual hospital performance to that of all other hospitals.