Hospital reimbursement from commercial insurers and fee-for-service Medicare during the year that ended in September grew at the slowest annual rate since 2005, according to Standard & Poor’s (S&P).
Several S&P healthcare indices reflected historically slow growth. They estimate per capita change in monthly hospital and health professional revenue. For the year that ended in September, annual growth rates continued to slow. In a statement, David Blitzer, S&P’s index committee chairman called the deceleration substantial compared to historic patterns.”
Hospitals’ combined revenue from Medicare fee-for-service and commercial plans grew 3.84 percent in the 12 months that ended in September, after increasing 4.54 percent during the year that ended in August.Health professional revenue from commercial plans increased 8.5 percent during the 12-month period, compared with 8.9 percent for the 12 months ending in August. The combined Medicare fee-for-service and commercial plan revenue growth for the year ended in September was 6.13 percent, compared with 6.67 percent for the 12 months ending in August.
Medicare fee-for-service hospital revenue grew 2.17 percent during the year ended in September after a 2.35 percent gain in the year ended in August. Hospital commercial plan revenue also slowed during the same time periods from 6.24 percent to a 5.12 percent annual rate.