2015 Financial Performance Mixed for PA Hospitals

Most Pennsylvania acute-care hospitals fared well financially in 2015.
But not all of them.
According to a new report issued by the Pennsylvania Health Care Cost Containment Council, total acute-care hospital margins fell 0.01 percentage points in 2015 but operating margins rose 1.21 percentage points.
49 of the state’s 170 acute-care hospitals lost money on operations and 46 lost money overall.
phc4Other highlights:

  • uncompensated care fell 8.6 percent
  • inpatient days declined for the eighth straight year
  • outpatient visits rose 2.5 percent
  • 53.7 percent of net patient revenue came from inpatient care

Go here for a news release summarizing PHC4’s finding and go here to see the complete report Financial Analysis 2015: An Annual Report on the Financial Health of Pennsylvania Hospitals, which includes state-wide analyses and performance data on individual hospitals.

2016-06-03T06:00:51+00:00June 3rd, 2016|Uncategorized|Comments Off on 2015 Financial Performance Mixed for PA Hospitals

PHC4 Reports on Hip and Knee Replacement Surgery

phc4The Pennsylvania Health Care Cost Containment Council has released a report on complications from hip and knee replacement procedures performed at Pennsylvania hospitals.
The analysis looks at more than 56,000 procedures performed in 2013, quantifying complications, lengthy hospital stays, readmissions, and more.
Find the PHC4 report here.

2016-04-21T09:35:49+00:00April 21st, 2016|Uncategorized|Comments Off on PHC4 Reports on Hip and Knee Replacement Surgery

PHC4 Reports on Hospital Performance

The Pennsylvania Health Care Cost Containment Council (PHC4) has issued a report that offers a wide range of statistics describing the performance and quality of care provided by the state’s acute-care hospitals.
phc4The report presents regional and hospital-by-hospital mortality and readmission rates for a wide variety of medical conditions, doing so on a regional basis.
It also tallies the volume of hospital patients according to medical conditions and describes who is paying for the different types of care hospitals are providing.
Go here to see the PHC4 report Hospital Performance Report: 2014 Data.
 

2015-12-18T06:00:37+00:00December 18th, 2015|Uncategorized|Comments Off on PHC4 Reports on Hospital Performance

Financial Performance Mixed for PA Non-General Acute-Care Hospitals

Pennsylvania’s non-general acute-care hospitals are generally in good financial health, although their financial performance varied in FY 2014.
phc4According to a new report published by the Pennsylvania Health Care Cost Containment Council, in FY 2014

  • psychiatric hospital operating margins rose from 8.29 percent to 9.87 percent
  • long-term acute care hospital operating margins fell from 5.77 percent to 5.24 percent
  • rehab hospital operating margins decreased from 12.93 percent to 12.74 percent
  • specialty hospital operating margins more than doubled, from 5.25 percent to 11.38 percent

For a closer look at the financial performance of non-general acute-care hospitals, find links to the report Non-General Acute Care Hospitals – Volume Three here, on the web site of the Pennsylvania Health Care Cost Containment Council.

2015-11-24T06:00:17+00:00November 24th, 2015|Uncategorized|Comments Off on Financial Performance Mixed for PA Non-General Acute-Care Hospitals

PHC4 Reports on Hospital Financial Performance

The Pennsylvania Health Care Cost Containment Council (PHC4) has released its annual report on the financial performance of the state’s acute-care hospitals.
Among the highlights (changes in performance are from 2013 to 2014):

  • The total margin of hospitals state-wide declined 0.36 percentage points, from 6.06 percent to 5.7 percent.
  • The operating income of acute-care hospitals fell from $1.8 billion to $1.7 billion.
  • Thirty-four percent of hospitals lose money on operations and 28 percent lost money overall.
  • Uncompensated care rose 2.2 percent, or $22 million, to $1.07 billion.
  • The number of hospital discharges and patient days declined.
  • The number of outpatient visits fell 3.2 percent.
  • Outpatient services accounted for 44.8 percent of net patient revenue.

To learn more about what PHC4 learned, see its new report Financial Analysis 2014:  Volume One:  General Acute Care Hospitals.

2015-05-22T06:00:44+00:00May 22nd, 2015|Uncategorized|Comments Off on PHC4 Reports on Hospital Financial Performance

“Super-Utilizers” Costing PA Millions, Report Shows

“Super-utilizers” – people who visit hospital emergency rooms often and are admitted to hospital beds with unusual frequency – are costing the health care system millions of dollars a year.
According to a new report from the Pennsylvania Health Care Cost Containment Council (PHC4), super-utilizers – people admitted to the hospital at least five times in a year – while just three percent of hospital patients in FY 2014, accounted for 17 percent of the state’s Medicaid expenditures for inpatient care ($216 million) and 14 percent of Medicare inpatient expenditures ($545 million).  In all, 18 percent of Medicaid hospital admissions in Pennsylvania in FY 2014 were for super-utilizers.
PHC4 identified the three leading reasons for these admissions as heart failure, septicemia, and mental health disorders.
Learn more about super-utilizers and their impact on hospital admissions and health care spending in the PHC4 report, which can be found here.

2015-02-20T11:06:56+00:00February 20th, 2015|Uncategorized|Comments Off on “Super-Utilizers” Costing PA Millions, Report Shows

PHC4 Issues Report on Hospital Financial Performance

The Pennsylvania Health Care Cost Containment Council (PHC4) has issued its annual report on the financial performance of the state’s acute-care hospitals.
Among the highlights:

  • The state-wide average operating margin of hospitals fell from 5.73 percent in FY 2012 to 4.69 percent in FY 2013.
  • Uncompensated care rose 5.41 percent, to more than $1 billion, and up from an average of 2.72 percent of hospital net patient revenue in FY 2012 to 2.81 percent in FY 2013.
  • 35 percent of hospitals reported negative operating margins.
  • 22 percent reported negative operating margins over the latest three-year period.

Find the complete PHC4 report here.

2014-05-22T09:20:26+00:00May 22nd, 2014|Uncategorized|Comments Off on PHC4 Issues Report on Hospital Financial Performance

It’s Unanimous: All PA Non-General Acute-Care Hospitals Made Money in 2012

2012 was a very good year for non-general acute-care hospitals in Pennsylvania:  every single one of them scored a positive operating margin.
The winners included 19 rehabilitation hospitals, 27 long-term acute-care hospitals, and 19 non-state-operated free-standing psychiatric hospitals, according to a new report from the Pennsylvania Health Care Cost Containment Council (PHC4).
Learn more about the performance of these providers in 2012 in this PHC4 news release and this PHC4 report.

2013-12-19T09:02:13+00:00December 19th, 2013|Uncategorized|Comments Off on It’s Unanimous: All PA Non-General Acute-Care Hospitals Made Money in 2012

PA Ambulatory Surgery Centers Grow in Numbers, Profitability

The number of ambulatory surgery centers in Pennsylvania grew in FY 2012, and along with that growth in numbers came a growth in profitability.
According to a new report by the Pennsylvania Health Care Cost Containment Council (PHC4), providers added 10 new facilities in FY 2012, raising the number to 281, and the average operating margin of the facilities rose from 24.94 percent to 25.83 percent.
For the latest data on ambulatory surgery centers in Pennsylvania, where they are, who they serve, how many procedures they perform, and who is paying for those procedures, find a PHC4 news release and the agency’s latest report here.

2013-11-04T06:00:00+00:00November 4th, 2013|Uncategorized|Comments Off on PA Ambulatory Surgery Centers Grow in Numbers, Profitability

Mixed Financial Results for PA Non-Acute-Care Hospitals

Margins were up for Pennsylvania rehabilitation hospitals and down for free-standing psychiatric hospitals in 2011.
This news comes from the Pennsylvania Health Care Cost Containment Council (PHC4), which has just released its latest report, Financial Analysis 2011 – Volume Three, which details the financial performance of rehabilitation, free-standing psychiatric, long-term care acute, and specialty hospitals in Pennsylvania in 2011.
Among other interesting findings, Pennsylvania’s Medical Assistance program accounted for 54.9 percent of patient revenue at the state’s 19 psychiatric hospitals.
Find the report, a news release announcing its publication, and the data from the report available as an Excel file here, on the council’s web site.

2012-11-19T06:00:00+00:00November 19th, 2012|Uncategorized|Comments Off on Mixed Financial Results for PA Non-Acute-Care Hospitals
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