Healthcare organizations with strong bond ratings are regarded favorably from a financial perspective, of course. In addition, research by the Truven Health AnalyticsTM ActionOI® program shows that such organizations tend to excel in other categories, such as average length of stay and results of Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) surveys.
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Healthcare Utilization and Expenditures
National health expenditures were $2,793.4 billion in 2012, comprising 17.2% of the gross domestic product. Comparably, NHE amounted to $724.3 billion, or 12.1% of the GDP in 1990. NHE per person were $147 in 1960 and grew steadily to reach $8,915 by 2012. Here are some additional statistics from the Centers for Medicare & Medicaid Services.
- In 2013, total net federal outlays for CMS programs were $747.7 billion, 21.6% of the federal budget.
- Medicare Part A benefit payments are projected to increase to $264.4 billion for fiscal year 2014, up from $261.8 billion for fiscal year 2013, and Medicare Part B benefit payments are projected to increase to $256.2 billion for fiscal year 2014, up from $243.1 billion for fiscal year 2013.
- Medicare hospice benefit payments are projected to increase to $16.8 billion for fiscal year 2014, up from $15.6 billion in 2013.
- Between 1985 and 2012, the number of short-stay hospital discharges increased from 10.5 million to11.2 million, an increase of 6.7%.
- The Prospective Payment System short-stay hospital average length of stay decreased significantly from 9.0 days in 1990 to 5.0 days in 2012, a decrease of 44%.
- About 33.3 million people received a reimbursed service under Medicare fee-for-service during 2012. Comparably, almost 64.2 million people used Medicaid services or had a premium paid on their behalf in 2011
- The ratio of Medicare aged users of any type of covered service has grown from 528 per 1,000 enrolled in 1975 to 892 per 1,000 enrolled in 2012.
- 6.7 million people received reimbursable fee-for-service inpatient hospital services under Medicare in 2012.
- 32.3 million people received reimbursable fee-for-service physician services under Medicare during 2012, and 22.3 million people received reimbursable physician services under Medicaid during 2011.
- 24.7 million people received reimbursable fee-for-service outpatient hospital services under Medicare during 2012, and during 2011, 15.2 million people received Medicaid reimbursable outpatient hospital services.
- More than 28 million people received prescribed drugs under Medicaid during 2011.
SOURCE: 2014 CMS Statistics, U.S. Department of Health & Human Services, Centers for Medicare & Medicaid Services; http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/CMS-Statistics-Reference