Colorado hospitals collected an estimated $13.4 billion in facility fees over a recent six-year period, doubling the average cost of care for patients with certain types of insurance, according to a new state report released this week. When patients receive care at a facility owned by a hospital system, whether on the hospital’s campus or elsewhere, their bills typically have at least two parts: professional fees, for the doctors and other providers performing the service, and facility fees, for overhead costs. While they’ve existed since the early 2000s, the fees have become controversial in recent years as health systems have bought up outpatient providers, meaning that patients may have to pay new fees for the same care they’d received before. The 200-page report, compiled by a committee and staff from the Colorado Department of Health Care Policy and Financing, came up with its cost estimate by using data from 2017 to 2022 on Medicare and commercial insurance payments, which the authors obtained through Colorado’s All-Payer Claims Database. The report estimated total spending on facility fees rose about 10% annually during that time, due to some combination of population growth, hospitals charging higher amounts and more locations charging the fees, among other factors. The authors didn’t quantify how much of that $13.4 billion patients paid out-of-pocket, though they noted the proliferation of high-deductible insurance plans has left people receiving care responsible for an increasing share of costs. On average, facility fees were higher than fees paid to the doctor or other provider who provided the service, nearly doubling costs for care covered by commercial insurance or traditional Medicare, according to the report.
Colorado Hospitals Collected $13 Billion In Facility Fees Over 6 Years, New State Report Finds
Meg Wingerter, Denver Post
Thu, 10/03/2024 - 5:00am
Topics: colorado s all-payer claims database medicare advantage uchealth chief financial officer dan rieber related articles significantly polis s facility the colorado hospital association significant the colorado consumer health initiative priya telang we sign colorado a colorado department health care policy financing medicare a health sign costs cost committee included person didn people service specific support industry bills premiums covered providers doctors systems doubling noted high-deductible wrote out-of-pocket services higher time limit responsible working version settings thought independent incomplete
BING NEWS:
- Colorado hospitals collected $13 billion in facility fees over 6 years, new state report finds
Colorado hospitals collected an estimated $13.4 billion in facility fees over a recent six-year period, doubling the average cost of care for patients with certain types of insurance, according to a ...
10/3/2024 - 1:00 am | View Link - US Nonprofit Hospitals Received $37 Billion in Tax Breaks in 2021: Study
A new analysis of tax benefits for nonprofit hospitals shows community contributions amid controversy over tax breaks for health systems.
09/30/2024 - 12:30 am | View Link - Hospital mergers are giving rise to opaque ‘facility fees’ that add costs to medical bills
Consolidations in the health care industry are driving opaque charges that experts say more and more patients are seeing on their bills.
09/16/2024 - 9:00 pm | View Link - Colorado vs. Colorado State live stream, where to watch, TV, prediction, pick, spread, football game odds
Deion Sanders and his Colorado Buffaloes take the field Saturday night in the Rocky Mountain Showdown against in-state rival Colorado ... for at least the next five years. Though the two teams ...
09/14/2024 - 1:11 pm | View Link - Greedy US hospitals add billions of dollars in 'facility fees' to routine medical bills with patients charged for using the OFFICE where they meet doctors
A new Wall Street Journal report ... service facility fees help hospitals afford services such as neonatal ICUs, so the argument goes. In Maine and Ohio, four out of five medical bills for heart ...
03/26/2024 - 12:46 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more