PA Hospitals Doing Better, PHC4 Reports
The financial performance of Pennsylvania’s acute-care hospitals improved in 2011, according to the Pennsylvania Health Care Cost Containment Council.
While hospitals’ uncompensated care rose 11.2 percent, to $990 million, the state-wide average operating margin rose from 4.37 percent to 5.58 percent, according to Financial Analysis 2011, Volume One, Acute Care Hospitals. Hospitals’ net income rose $769 million, to $2.69 billion, with 72 percent of that improvement coming from operating income.
Find PHC4’s news release and the report itself, which includes an industry-wide analysis as well as detailed information about the financial performance of every Pennsylvania acute-care hospital, here on PHC4’s web site.
Readmissions Report
The Pennsylvania Health Care Cost Containment Council (PHC4) has issued a new report on hospital readmissions.
Health care reform efforts at both the state and federal levels have targeted avoidable hospital readmissions as major causes of rising health care costs. In issuing the report, PHC4 notes that not all readmissions are preventable.
Preventing readmissions is a particular challenge for Pennsylvania safety-net hospitals because of the difficulties many low-income patients have complying with their post-discharge medical instructions.
Read more about the report and download Hospital Readmissions in Pennsylvania 2010 here
, on the PHC4 web site.