Michael Frank ran his finger down his medical bill, studying the charges and pausing in disbelief. The numbers didn't make sense.
His recovery from a partial hip replacement had been difficult. He had iced and elevated his leg for weeks. He had pushed his 49-year-old body, limping and wincing, through more than a dozen physical therapy sessions. The last thing he needed was a botched bill.
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Celeste M. Torio, Ph.D., M.P.H., and Brian J. Moore, Ph.D.
Introduction Health care expenditures have maintained a relatively stable share of the Gross Domestic Product since 2009, reaching 17.5 percent in 2014.1 Hospital care expenditures in particular, which constitute the largest single component of health care spending, grew 4.1 percent in 2014.2 Although this is up from 3.5 percent in 2013, annual hospital care expenditure growth averaged 5.5 percent from 2008 through 2012.3 Policymakers are among those concerned with the burden of medical care expenses to governments, consumers, and insurers. Although only 7.2 percent of the U.S. population had a hospital inpatient stay in 2012, the mean expense per stay associated with those hospitalizations was over $18,000, making hospitalization one of the most expensive types of health care treatment.4,5 A popular meme holds that 643,000 Americans go bankrupt every year over medical bills, but the underlying math is elusive.
ORLANDO, Fla.—Hospitals across the country lose approximately $262 billion per year on denied claims from insurers, sparking huge cash-flow issues and recovery costs, according to new data.Payers initially deny about 9% of hospital claims, putting about $5 million in payments per hospital at risk, said Jason Williams, vice president of analytics for Change Healthcare, which collected the data.Although hospitals ultimately will secure payment for 63% of initially denied claims, it costs $118 per claim on average to recoup the money, not to mention the cost to hospitals of foregoing the payments while they claw back the funds, Williams said."Even if they're ultimately paid for 63% of the claims, that's not great," said Williams, speaking on the sidelines of the national educationalMorehttp://www.modernhealthcare.com/article/20170627/NEWS/170629905
The average cost of a one-day stay in the hospital is over $1,700.*
This valuable coverage provides fixed payments when you’re hospitalized to help cover out-of-pocket costs. Accidents and illnesses can happen - and sometimes result in an inpatient hospital stay. Being in the hospital can be more stressful if you are worrying about out-of-pocket costs like your medical plan deductible, copay or other health-related expenses. Other expenses can also add up, like transportation to and from the hospital, child care and lost income from missed work. Consider these facts: Consider these facts: • 18.4 million people stayed overnight in the hospital at least once in the past 12 months.* • The average length of a hospital stay is five days.* More United States
State/local government hospitals — $1,878 Nonprofit hospitals — $2,289 For-profit hospitals — $1,791 Alabama State/local government hospitals — $1,457 Nonprofit hospitals — $1,657 For-profit hospitals — $1,340 Alaska State/local government hospitals — $1,456 Nonprofit hospitals — $2,144 For-profit hospitals — $2,792 Arizona State/local government hospitals — $2,089 Nonprofit hospitals — $2,474 For-profit hospitals — $2,035 More A friend was diagnosed with terminal cancer. He died, after suffering financial ruin, he was living in his car in a hospital parking lot undergoing Chemo. I decided, someone should do something about about this.
Twenty years passed, No one did. Fast forward, By crafting a blend of existing resources, we develop Health Centric Hospitality. medical center enhanced service suites.Starting with a strategic alliance between a major national hotel company and a premier management group, the top representatives of hotel branding and custom hotel management bringing hospital administrators the option of upscale on site rooms. Medical center benefits? Discharge options, ambulatory support, observation platforms, support for inpatient families, one day admission alternatives and a reduced occurrence of insurance company rejections. New luxury rooms at no cost to the hospital as close to services as in house at a fraction of the cost to the client. A major side benefit of this program will be a reduction in the number of medical bankruptcies which now account for 60% of all filings. All but the very rich are one illness away from chapter 7 If people don't die in their cars in hospital parking lots, I will regard it as a worthy disruptive idea. Hospitalite Hawaii is the best state for healthcare, according to analysis by WalletHub.
To identify the best and worst states for healthcare, WalletHub analysts compared the 50 states and the District of Columbia on 35 key metrics of healthcare cost, accessibility and outcomes. The metrics range from physicians per capita to average monthly insurance premium. Each measure was graded on a 100-point scale, with 100 representing the best healthcare at the most reasonable cost. READ MORE |
AuthorRobert Brooks Builder Developer Entrepreneur Seeker Archives
May 2018
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