This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

1stHealthSystems Releases Health Care Costs White Paper

BELLEVUE, Wash., Feb. 28, 2013 /PRNewswire/ -- 1stHealthSystems, provider of data-driven technology and analytics for hospital outpatient services coding, has released a new whitepaper titled "Billing and Payment for Hospital Emergency Department Encounters." The white paper investigates the changes in hospital ED visit charges, which have risen dramatically in recent decades, and the subsequent effects on hospitals and patients. 

Hospital ED charges were once relatively simple, consistent, and much less than what they are today for the same services. In the past 30 years, ED charges have skyrocketed. In 2010, the average markup of visit charges was 400% to 500% more than the reported Medicare payment. Charging for services has also evolved into a complicated system and hospitals have recently come under scrutiny for their inconsistencies.

The white paper discusses the driving factors associated with new reimbursement policies that have contributed to the increased cost of health care services in the United States. Payments for these charges also vary widely depending on whether the patient is covered by Medicare/Medicaid, private insurance, or is uninsured.

In the white paper, 1stHealthSystems addresses these challenges with some key points to effectively manage charges and payments.

"Hospital charges for nearly all services and supplies are not linked to actual costs.  Pricing for inpatient and outpatient services has trended up year over year at a hospital wide rate," said Dr. Mason Smith, 1stHealthSystems' Chief Executive Officer. "For many years, hospitals increased their billed charges by an average rate of 8 to 12% per year, and selected services were increased more than average to take advantage of insurance payment differences."

The full whitepaper can be downloaded here:

About 1stHealthSystems1stHealthSystems designs, develops, implements, and supports facility coding software for hospital outpatient services. Our software is used in hospital emergency departments and health information management departments across the country.

To learn more, visit

SOURCE 1stHealthSystems

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.01 -1.20%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $224.75 -3.30%
YHOO $37.40 3.90%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs