RevCycle Intelligence March 2, 2022
Victoria Bailey

In concentrated markets with little competition, high hospital prices reflected the lack of healthcare options and did not improve patient health outcomes.

Receiving care from higher-priced hospitals only led to better health outcomes when the facility was in a relatively unconcentrated market. There was no association between high prices and mortality at hospitals in concentrated markets, according to a study published in the National Bureau of Economic Research (NBER).

As hospital prices continue to rise, experts have noted that regulating prices in areas with high competition helps improve patient outcomes, if reimbursement rates exceed marginal costs.

However, hospital prices are typically unregulated and market-determined, in which case the level of market competition can impact costs and quality of care.

Today's Sponsors

Institute for Healthcare Improvement
Crossover Health
Qure4u

Today's Sponsors

Patient Bond
pCare

Today's Sponsor

pCare

 
Topics: Health System / Hospital, Healthcare System, Patient / Consumer, Pricing / Spending, Provider, Survey / Study, Trends
Reimagining the hospital of the future at Aspen Ideas: Health
New Hospital-At-Home Study Focuses on Rural Health Deserts
The U.S. Needs a National Public Health System, Experts Say
HHS publishes guidance to help health systems strengthen cybersecurity
Calvary Hospital COO: Hospice Nurse Residency Programs Reproducible at National Scale