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A Healthcare Financial Infographic
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.
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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More:
- Hospital Admission Costs
- On Hospital Price Transparency and Estimating Out-of-Pocket Expenses
- Which Hospitals Are Cutting Costs?
- HHS, stakeholders commit to healthcare payment reform
Conclusion
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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
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Filed under: Health Economics, Healthcare Finance | Tagged: Cost of hospital stay, FaceThe factsUSA.org, hospital expenses |
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Where the Money goes?
Eight cents of every dollar spent in America’s health care system goes toward paying physician salaries.
The other 92 cents is sucked up by a multitude of other players, many of whom thrive in an overly bureaucratic system while contributing very little to actual patient care.
Stone
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