Thursday, December 20, 2012

State data on hospitals shows costs are rising

Modesto Bee
A state agency released data Wednesday on the financial health of hospitals in California, showing a dramatic rise in labor costs across the industry and an increase in uncompensated care at public hospitals. From 2006 to 2010, county and city hospitals provided far more uncompensated care than did facilities run by investor-owned companies or large nonprofit corporations. The rate rose from 23.5 percent to 25.5 percent of gross revenue for public hospitals, but it was only 4 percent for investor-owned or nonprofit hospitals.