The average amount paid for a hospital stay in Maryland increased slower than the average amount paid on a national level in fiscal year 2010, according to an analysis conducted by the Maryland Health Services Cost Review Commission.
According to the HSCRC report, patients at Maryland's hospitals paid, on average, $10,983 for a hospital admission in FY 2010, slightly up from the $10,767 paid in the previous fiscal year. This 2 percent level of growth, compared to the estimated national average increase of 3 percent, means that Maryland patients paid $113 million less than they would have paid if Maryland hospitals' revenue per admission had grown
at the national average.
In addition, the mark-up in Maryland's costs is also the lowest in the nation. The mark-up among Maryland hospitals averaged 24.5 percent, while the average mark-up for hospitals nationally is 198 percent, according to the most recent data from the American Hospital Association.
Read the HSCRC report in full here.
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According to the HSCRC report, patients at Maryland's hospitals paid, on average, $10,983 for a hospital admission in FY 2010, slightly up from the $10,767 paid in the previous fiscal year. This 2 percent level of growth, compared to the estimated national average increase of 3 percent, means that Maryland patients paid $113 million less than they would have paid if Maryland hospitals' revenue per admission had grown
at the national average.
In addition, the mark-up in Maryland's costs is also the lowest in the nation. The mark-up among Maryland hospitals averaged 24.5 percent, while the average mark-up for hospitals nationally is 198 percent, according to the most recent data from the American Hospital Association.
Read the HSCRC report in full here.
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