S&P: Annual Healthcare Growth Rates Held Steady in July

The average per capita cost of hospital services covered by Medicare and commercial payers grew 2.3 percent from July 2012 to July 2013, up from the 2.1 percent growth rate reported in June, according to Standard & Poor's Healthcare Economic Indices through July.

The annual growth rate for all S&P healthcare economic indices stayed flat in July. S&P's Healthcare Economic Composite Index showed an annual growth rate of 3.06 percent, showing no change from the rate recorded in June.

Although revenue growth rates for hospitals and health systems from payers rose in July, they are still lower than rates recorded in September 2012, when S&P's Hospital Index hit its lowest annual rate (3.84 percent) since January 2005.

Here are the latest S&P healthcare indices through July 2013:

S&P Healthcare Economic Indices (12-Month Moving Average) 

Composite Index: 3.06 percent

Medicare Index: 1.4 percent

Commercial Index: 4.15 percent

Hospital Index: 2.3 percent

Hospital Medicare Index: 2.29 percent

Hospital Commercial Index: 2.3 percent

Professional Services Index: 3.7 percent

Professional Services Medicare Index: -0.26 percent

Professional Services Commercial Index: 5.77 percent

More Articles on Healthcare Finance:
Quality Improvement and Infection Reduction Make Financial Sense, Study Says
Moody's: Higher Expenses, Low Volumes Dampened Hospitals' 2012 Finances
S&P: 34 Statistics on Nonprofit Standalone Hospital Medians 

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