Monday, April 8, 2019
(govt cannot verify any data from contractor since law of 2002?)The Trouble with Calculating Hospital Revenue
The Trouble with Calculating Hospital Revenue: Last week, we ran a story about hospital profits in Dallas based on Allan Baumgarten's Texas Health Market Review, and it caused a bit of a stir. Baylor Scott and White Health said that the data, which was created from surveys from the American Hospital Association and Texas Health and Human Services information, was incorrect and that we had made an error. The DFW Hospital Council had questions about the figures as well. Updates were posted, and discrepancies between what Baylor said was its profit margin and what was in the review were somewhat explained, but it highlighted just how difficult accurately measuring the profitability of hospitals can be. Most hospitals are part of larger networks that provide healthcare in a variety of ways, some more profitable than others. Some physicians are on staff, while other physicians groups merely have privileges at hospitals. How are those profits calculated? In a conversation with Stephen Love, President of the DFW Hospital Council, we dove
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