US healthcare spending outpaces GDP, tracks toward $7.7 trillion by 2032
Editor's Note Growth in healthcare spending is outpacing nominal economic growth, Hospice News reported June 12. Citing a study from the Office of the Actuary (OACT) at the Centers for Medicare and Medicaid Services (CMS), the outlet reports that healthcare spending’s share of GDP is projected to rise from 17.6%…
RAND study reveals private payers pay 250% more than Medicare for healthcare services
Editor's Note A recent analysis by the RAND Corporation, a research and analysis nonprofit, revealed a disparity between hospital and ambulatory surgery center (ASC) prices paid by employers and private payers compared to Medicare prices, Revcycle Intelligence May 15 reports. The study, covering data from 2020 to 2022, showed private…
Session: OR optimization driven by more than just data
Editor's Note For Northwell Health University System, a large hospital system in New York state, saving millions in OR expenses in just a few years’ time was possible not just through meticulous analytics, but also cultural transformation. This was among the chief conclusions of a session led by Adam Becker,…
Proposed bill seeks to end costly insurance fees on electronic healthcare payments
Editor's Note A new bill introduced by a bipartisan group in Congress seeks to ban fees on electronic healthcare payments from insurance companies, which cost hospitals millions and are a particular burden on hospitals in rural areas, according to a November 28 press release. The bill is called the No…
CMS: Healthcare spending to reach nearly $7.2 trillion by 2031
Editor's Note This study from the Centers for Medicare and Medicaid Services (CMS) Office of the Actuary (OACT) estimates that US healthcare spending will grow by 5.4% per year on average from 2022 to 2031, now that the COVID-19 public health emergency has ended. Rising from $4.4 to $7.17 trillion,…
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