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In 2020 and 2021
By Health Capital Consultants, LLC
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Hospitals are likely to see some significant changes in the way that Medicare reimburses for inpatient services in the next couple of years, according to the calendar year (CY) 2020.
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The Inpatient Prospective Payment System (IPPS) final rule that was published on August 16, 2019, and the announcement by the Centers for Medicare & Medicaid Services (CMS) on August 19, 2019, said that it would change the quality “star ratings” system on Hospital Compare, beginning in 2021.
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5 National Hospital Volume Observations: March 2020 vs. March 2019
1. The median occupancy rate was 53% in March 2020 compared to 65% in March 2019
2. Adjusted discharges fell 13.0%
3. Adjusted patient days fell 15.1%
4. Emergency department visits dropped 15.4%
5. Operating room minutes fell 19.2%
Source: [healthsprocket.com/hs/content/kaufmanhall-5-national-hospital-volume-observations-march-2020-relative-march-2019]KaufmanHall, April 2020
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Lost Money?
https://www.msn.com/en-us/money/healthcare/us-hospitals-are-losing-millions-of-dollars-per-day-in-the-midst-of-the-covid-19-pandemic-%e2%80%94-and-recovery-may-take-years/ar-BB13DuJ3?li=BBnb7Kz&ocid=SK2LDHP
Dr. David E. Marcinko MBA
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Hospital Patient Volume Declined 56% Between March 1 and April 15
Crowe recently released a benchmarking analysis of hospital volumes for March and April. Here are some key findings from the report:
• Average hospital patient volume declined 56% between March 1 & April 15 of this year.
• For hospitals with 100+ beds, that represents a net revenue decline of $1.44 billion/day.
• Inpatient admissions are running more than 30% below norms (compared January 2020).
• ER visits, observation services, and outpatient surgeries are down 40%, 47%, and 71%.
Source: Crowe, May 2020
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McKinsey Healthcare Industry Analysis
Future Sources of Hospital Profit
By Eric Bricker MD
Ann Miller RN MHA
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