The 5 percent finding, based on a survey with 98 hospital CFOs in 21 states, is a sharp decline from the 22 percent of hospitals that reported year-over-year growth in overall admissions in October and 37 percent in September. November was the lowest dip recorded for hospital overall admissions in the 11 years since Citi began the survey.
“We suspect the new [two-midnight] rule is having a material adverse impact on inpatient admissions and revenues,” Citi authors wrote. They also cited rollout of the Patient Protection and Affordable Care Act, physician employment and changing payment models as factors.
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