The act of quantifying administrative spending and ultimately waste is in many ways Sisyphean, as it can never be fully achieved without disagreement or dispute among healthcare stakeholders. However, one indisputable source of truth for healthcare spending is the Centers for Medicare and Medicaid Services (CMS) Healthcare Cost Report Information System (HCRIS), which includes hospital-reported operational and financial data. Using HCRIS data, this study seeks to examine trends in hospital-reported expenditures attributed to direct patient care and administration.
Read the full article: Hospital Administrative Expenditures Exceed Direct Patient Care by Nearly 2x //
Source: https://www.trillianthealth.com/market-research/studies/hospital-administrative-expenditures-exceed-direct-patient-care-by-nearly-2x