All true

All true
by KeoughCharles05 (2022-05-25 10:34:03)

In reply to: Why is your ER bill so high? posted by dulac89

Except for the idea that reimbursement is going down. Hospitals are basically the only industry that have never experienced a year over year revenue decline in the last 50 years. But, a relatively minor nit.

Add onto the price-gouging, exploitative behavior discussed in the video massive consolidation and grossly anti-competitive behavior the limits the potential for any sort of reform. Oh, you're a large employer that wants to steer your patients toward a higher-value hospital for child birth? Well, that's cute, but if you want to have our premier flagship cancer treatment center in your network, you have to take all of our facilities, even the shitty overpriced ones, and also, your benefit plan can't encourage or discourage them from visiting any particular facility. But we will definitely make our doctors refer patients only to other facilities and docs within our system.

It's a disgusting industry.

Haven’t experienced a year over year revenue decline?

There was this little thing called Covid that would like a word.

https://www.definitivehc.com/blog/revenue-trends-at-u.s.-hospitals

https://fred.stlouisfed.org/series/REV622ALLEST144QSA

Check out that FRED chart again

Here's 2019:
Q1 - 292,687
Q2 - 296,186
Q3 - 298,790
Q4 - 304,222
============
1,191,885

Here's 2020:
Q1 - 290,147
Q2 - 285,193
Q3 - 312,298
Q4 - 325,705
============
1,213,343

Your other citation looks at net patient revenue. That looks at what they're able to generate from patient-based payors. It excludes charitable contributions and government grants.

I stand by my statement.

Fair enough *