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    Marcinko  is originally from Loyola University MD, Temple University in Philadelphia and the Milton S. Hershey Medical Center in PA; Oglethorpe University and Atlanta Hospital & Medical Center in GA; and Aachen City University Hospital, Koln-Germany. He is one of the most innovative global thought leaders in health care entrepreneurship today.

    Dr. Marcinko was a board certified physician, surgical fellow, hospital medical staff Vice President, public and population health advocate, and Chief Executive & Education Officer with more than 425 published papers; 5,150 op-ed pieces and over 135+ domestic / international presentations to his credit; including the top ten [10] biggest pharmaceutical companies and financial services firms in the nation. He is also a best-selling Amazon author with 30 published text books in four languages [National Institute of Health, Library of Congress and Library of Medicine].

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About $33,079 … plus gratuity?

The cost of the average American hospital stay nearly doubled from 2000 to 2010 while average stay length declined. The decade was a period of low inflation, but some sectors of the economy didn’t get the memo. Charges for a hospitalization soared from an average $17,390 in 2000 to $33,079 in 2010.

Link: http://www.BusinessofMedicalPractice.com

The USA

In the U.S. we spend almost three times as much on a hospital stay as other industrialized countries, even though their average stay tends to be longer.

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Hospital costs

Source: www.FaceThe factsUSA.org

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6 Responses

  1. In 2011, U.S. Healthcare Spending Growth Stayed at Slowest Rate in 52 Years

    For a third year in a row, U.S. healthcare spending in 2011 grew at its lowest rate in the 52 years that federal officials have tracked the figure, according to annual statistics from CMS’ Office of the Actuary.

    The year 2011 marked the third consecutive year that healthcare spending grew at a rate of 3.9%, while healthcare as a share of gross domestic product remained at 17.9% from 2009 through 2011. The statistics came from the National Health Expenditure Accounts, which have been published for 52 years. Analysts noted that the high unemployment, loss of private insurance, and a decrease in the amount of resources paid for healthcare resulting from the economic recession between December 2007 and June 2009 led to historically low healthcare spending growth between 2009 and 2011.

    Jessica Zigmond, Modern Healthcare [1/7/13]

    Like

  2. Costs of ER visits vary in USA

    Urinary tract infections, kidney stones most expensive among top 10 outpatient conditions.

    http://healthyliving.msn.com/health-wellness/costs-of-er-visits-vary-in-us-study-finds-1

    Barbara

    Like

  3. Hospitals profit from surgical errors, study finds

    Hospitals make money from their own mistakes because insurers pay them for the longer stays and extra care that patients need to treat surgical complications that could have been prevented.

    http://www.nbcnews.com/id/51568932/ns/health-health_care/?ocid=msnhp&pos=4

    So, what else is new?

    Judy

    Like

  4. Judy – Another Opinion

    Why Surgical Complications May Actually Hurt Profits Despite What You’ve Just Read Above

    An essay by Eli Perencevich, MD.

    http://thehealthcareblog.com/blog/2013/04/17/why-surgical-complications-may-actually-hurt-profits-despite-what-youve-just-read/

    The ME-P is fair and balanced.

    Dr. David Edward Marcinko MBA
    http://www.amazon.com/Hospitals-Healthcare-Organizations-Management-Operational/dp/1439879907/ref=sr_1_4?s=books&ie=UTF8&qid=1334193619&sr=1-4
    [Editor-in-Chief]

    Like

  5. Percentage of Persons with Health Care Expenses, by Type of Service

    1. Hospital inpatient services – 7%
    2. Office-based medical provider – 72.3%
    3. Prescribed medicines – 62.7%
    4. Hospital outpatient services – 14.1%
    5. Dental services – 40.2%
    6. Emergency room services – 12.4%
    7. Home health care – 2.1%
    8. Other medical services and equipment – 17.4%

    Source: AHRQ

    Like

  6. Transparency in Massachusetts

    Massachusetts physicians and hospitals are now required by law to provide cost information for procedures and services to patients who request it.

    http://blog.massmed.org/index.php/2014/01/mass-medical-price-transparency-law-rolls-out-physicians-must-be-able-to-estimate-costs-for-patients/

    The new price transparency regulations became effective for physicians and hospitals on January 1, 2014.

    Hope R. Hetico RN MHA

    Like

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