Hospitals in markets with low managed-care penetration were better prepared to respond to managed-care organizations in 1994 than the previous year, according to a new analysis.
Hospitals in those markets had shorter lengths of stay and lower costs for many surgical procedures in 1994, according to the analysis by the Center for Healthcare Industry Performance Studies.
"Even in low managed-care markets, hospitals are positioning themselves to be survivors into the next century," said Susan E. White, a senior manager at CHIPS, based in Columbus, Ohio.
White is the author of The 1995 Procedures Resource Book, published by CHIPS. The 396-page book provides cost and length-of-stay data for 65 high-volume Medicare surgical procedures.
The book also analyzes the impact of managed care, and benchmark data are provided for each procedure.
If hospitals reduced costs to benchmark levels for the 65 procedures, more than $5 billion could be saved annually, CHIPS said.