Overall hospital prices declined 0.1% in August, and
were 1.5% higher than a year ago, the Bureau of Labor Statistics reported
Friday. Prices for the subgroup of general medical and surgical hospitals were
unchanged for the month, and 1.5% higher than in August 2012, according to the
BLS' Producer Price Indices, which measure average changes in selling prices
received by domestic producers for their output. For hospitals, this translates
into actual or expected reimbursement for a sample of treatments or services.
The PPI for hospitals measure changes in actual or expected reimbursement
received for services across the full range of payer types. This includes the
negotiated contract rate from the payer plus any portion expected to be paid by
the patient.
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