Thursday, June 12, 2008

Financial performance review of State Hospitals released

The Pennsylvania Health Care Cost Containment Council released their latest Hospital specific financial performance numbers for the fiscal year 2007 and found some promising numbers for the states hospitals. One negative the report found was that the amount of uncompensated care that hospitals provide grew over 12%, from $604 Million to $678 Million. Although some larger hospitals can afford to absorb that cost many of the smaller and medium hospitals with smaller budgets are forced to shift funding. 25% of PA hospitals lost money overall, That number has not improved since 2006. Commercial health insurers have also continued to provide an increasing share of hospital revenue, and outpatient care was the main cause for those numbers.

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