The NNU and its research arm, the Institute for Health and Socio-Economic Policy, based its findings on Medicare cost reports from this past June, which covered hospital charges and costs for fiscal year 2012.
According to the report, the most expensive hospital in America is Meadowlands Hospital Medical Center, a 230-bed for-profit hospital in Secaucus, N.J. Its charge-to-cost ratio was 1,192 percent, meaning it essentially charged $1,200 for every $100 of total costs. The average charge-to-cost ratio among U.S. hospitals is 331 percent, according to the data.
For-profit hospitals dominated the list, as each of the 21 highest with the highest charge-to-cost ratios were owned or operated by an investor-owned operator. Franklin, Tenn.-based Community Health Systems, Naples, Fla.-based Health Management Associates, Dallas-based Tenet Healthcare Corp. and Nashville, Tenn.-based Hospital Corporation of America were among the most cited.
To read the rest of the article, visit Becker’s Hospital Review.
