PHC4 Archives - Page 4 of 5 - Safety-Net Association of Pennsylvania

Financial Performance Strong at PA Non-General Acute Hospitals

For non-general acute-care hospitals in Pennsylvania, FY 2015 was generally a good year.
Long-term acute-care hospitals saw their average operating margins rise from 5.24 percent to 8.04 percent.
Operating margins for rehabilitation hospitals rose from 12.7 percent to 12.87 percent.
phc4 And while operating margins for psychiatric and specialty hospitals declined, they still remain generally strong at 8.81 percent and 7.78 percent, respectfully.
Learn more about the financial performance of non-acute-care hospitals in Pennsylvania in Financial Analysis 2015: An Annual Report on the Financial Health of Pennsylvania Non-GAC Hospitals, a new report from the Pennsylvania Health Care Cost Containment Council.

PA Safety Net Admin2016-11-28T06:00:44+00:00November 28th, 2016|Uncategorized|Comments Off

PA Hospitals Reducing Readmissions, Mortality

Pennsylvania hospitals have seen a state-wide decrease in their mortality and readmission rates, according to new data released by the Pennsylvania Health Care Cost Containment Commission.
phc4 According to the new numbers, which cover hospital performance from January 1 through September 30 of 2015, hospital mortality rates fell for ten of the 16 conditions PHC4 tracks while readmissions fell for nine of the 13 conditions for which the agency collects data.
PHC4 estimates that this improved performance saved 3900 lives and avoided 2700 hospital readmissions.
For a closer look at the data PHC4 collected, the conditions it tracked, and a hospital-by-hospital, region-by-region, and state-wide look at hospital performance go here, to the PHC4 web site, to find a summary of the report, the news release that accompanied its publication, and three separate reports with all of the numbers and findings.

PA Safety Net Admin2016-10-21T06:00:42+00:00October 21st, 2016|Uncategorized|Comments Off

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.
phc4 Other 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.

PA Safety Net Admin2016-06-03T06:00:51+00:00June 3rd, 2016|Uncategorized|Comments Off

PHC4 Reports on Hip and Knee Replacement Surgery

phc4 The 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.

PA Safety Net Admin2016-04-21T09:35:49+00:00April 21st, 2016|Uncategorized|Comments Off

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.
The 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.

PA Safety Net Admin2015-12-18T06:00:37+00:00December 18th, 2015|Uncategorized|Comments Off

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.

PA Safety Net Admin2015-05-22T06:00:44+00:00May 22nd, 2015|Uncategorized|Comments Off

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.

PA Safety Net Admin2014-05-22T09:20:26+00:00May 22nd, 2014|Uncategorized|Comments Off

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.

PA Safety Net Admin2013-12-19T09:02:13+00:00December 19th, 2013|Uncategorized|Comments Off

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.

PA Safety Net Admin2013-11-04T06:00:00+00:00November 4th, 2013|Uncategorized|Comments Off

PHC4 to Hold Meeting

The Payment Data Advisory Group of the Pennsylvania Health Care Cost Containment Council (PHC4) will meet on Wednesday, August 8 in Harrisburg.
The meeting will be held at the PHC4 office at 225 Market Street, Suite 400. It begins at 10:30 a.m.
The public is welcome to attend.

PA Safety Net Admin2012-08-06T06:00:14+00:00August 6th, 2012|Uncategorized|Comments Off

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