Sluggish Medicare revenue for hospitals and healthcare professionals set another record during the year that ended in July, as measured by Standard & Poor's Healthcare Economic Indices. The indices, which include six years and six months of data, found Medicare revenue increased at its slowest rate yet during the 12-month period, 2.35%, the latest in a string of record lows. Medicare revenue includes fee-for-service claim costs but excludes Medicare Advantage.
Medicare revenue growth maintains sluggish pace, S&P says
Commercial revenue for hospitals and healthcare professionals increased 7.73% for the year ending in July, and a composite of Medicare and commercial revenue rose 5.71%.
Hospital Medicare and commercial revenue increased 0.94% and 8.78%, respectively, during the same 12 months.
Medicare and commercial revenue for professional services increased 4.15% and 6.64%, respectively, during the period.
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