Medicare households have double the healthcare spending burden
Editor's Note The healthcare spending burden of Medicare households was double that of non-Medicare households in 2022, according to an analysis published by KFF (Kaiser Family Foundation) on March 14. Using data from the Consumer Expenditure Survey, KFF found that average health-related expenses made up 13.6% of Medicare households’ total…
Session: OR optimization driven by more than just data
Editor's Note For Northwell Health University System, a large hospital system in New York state, saving millions in OR expenses in just a few years’ time was possible not just through meticulous analytics, but also cultural transformation. This was among the chief conclusions of a session led by Adam Becker,…
Colorado-focused report shows wasteful spending, over $130M spent on low-value care
Editor's Note A new report by the Denver-based nonprofit Center for Improving Value in Health Care found that millions are being spent on tests and treatments that have limited value for patient health and well-being, KFF Health News November 13 reports. According to estimates, from 10% to 30% of the…
Third quarter earnings: UHS, Tenet see financial success; CHS, HCA face challenges
Editor's Note Two major hospital systems–Universal Health Services (UHS) and Tenet Healthcare–saw improved third-quarter profits in 2023, but Community Health Systems (CHS) and HCA Healthcare did not see similar upward trends, HealthLeaders November 3 reports. According to the article, rising demand in services at UHS drove third-quarter earnings up 6.8%…
'Million Hearts Model' reduces likelihood of first-time heart attack, stroke
Editor's Note The Million Hearts Model program—an initiative to prevent one million heart attacks and strokes within 5 years—reduced the probability of a first-time myocardial infarction or stroke without significant changes in Medicare spending. The findings were published by JAMA Network on October 12. The Million Hearts Model paid healthcare…
CMS: Healthcare spending to reach nearly $7.2 trillion by 2031
Editor's Note This study from the Centers for Medicare and Medicaid Services (CMS) Office of the Actuary (OACT) estimates that US healthcare spending will grow by 5.4% per year on average from 2022 to 2031, now that the COVID-19 public health emergency has ended. Rising from $4.4 to $7.17 trillion,…
Report: More than half of administrative healthcare spending in the US is wasteful
Editor’s Note A report published in Health Affairs on October 6 claimed that up to 30% of healthcare spending is used for administrative purposes, and more than half of that is not significantly contributing to health outcomes, Becker’s Hospital Review October 10 reports. In 2019, Health Affairs launched the Council…
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