On average, hospitals upcharge patents by 487%
This report is an update to a previous report examining hospital markups for separately paid drugs. Our prior analysis examined hospital charges and reimbursement for 20 drugs and found that hospitals marked up charges for those drugs, on average, 487 percent of their acquisition cost. We also found that hospitals receive 252 percent of estimated […]
A 50k Trauma Fee….Just in Case
The care was ordinary. A hospital in Modesto, California, treated a 30-year-old man for shoulder and back pain after a car accident. He went home in less than three hours. The bill was extraordinary. Sutter Health Memorial Medical Center charged $44,914 including an $8,928 “trauma alert” fee, billed for summoning the hospital’s top surgical specialists […]
Hospital System Sued 2,500 Patients After Pandemic Hit
When the coronavirus began spreading through New York, Gov. Andrew M. Cuomo ordered state-run hospitals to stop suing patients over unpaid medical bills, and almost all of the major private hospitals in the state voluntarily followed suit by suspending their claims. But one chain of hospitals plowed ahead with thousands of lawsuits: Northwell Health, which […]
Hospital Price Transparency Compliance Report
While CMS’ move to increase the penalty for hospitals that don’t publish their prices will make some facilities more likely to comply with that requirement, it may not sway the country’s largest health systems, Caroline Znaniec, a managing director at advisory firm CohnReznick, told Becker’s Hospital Review. The CMS final price transparency rule, which took […]