Tuesday, December 15, 2015

QSS: Dramatic Drop In Hospital Profitability in 3rd Quarter

The latest Quarterly Services Survey (QSS) showed a dramatic turnaround in hospitals’ fortunes. Quarterly revenues dropped two percent from the 2nd quarter, while offices of physicians and home health services grew over three percent (see Table I). Hospital revenue grew only 5.3 percent from 2014 Q3 to 2015 Q3, but that was still significantly lower than growth for most other health services.

For tax-exempt general medical and surgical hospitals (which comprise almost 90 percent of hospitals’ revenue), net revenue (revenue minus expenses) dropped from $390 to $207 per inpatient day, and net revenue per discharge dropped from $2,083 to $1,113.

Read the entire entry at NCPA's Health Policy Blog.

No comments: