U.S. Healthcare Cost Service
IHS Global Insight's U.S. Healthcare Cost Service enables you to quantify and predict trends in healthcare prices and markets. Our team of industry experts analyzes current cost patterns, projects future changes in prices and wages, and reports on economic assumptions underlying the forecasts. Each quarter, we produce more than 125 health-related price-and-wage forecasts and six composite market indexes representing operational costs for hospitals, physicians, nursing homes, and home-health facilities.
The Center for Medicare and Medicaid Services (CMS) incorporates our U.S. government's forecasts into the prospective Medicare reimbursement rates recommended to Congress.
Service Features
- Detailed commentary available in hardcopy and online in PDF format.
- Web site-accessible data formatted in Microsoft Excel spreadsheets
- National forecasts of composite market indexes representing operational costs for hospitals, physician services, nursing homes, and home-health agencies
- National and regional wage and price indexes, both projected and historical
- Projections of industry price movements for several healthcare input categories including: wages, fringe benefits, utilities, malpractice insurance, pharmaceuticals, food, medical supplies, and professional services
- Forecasts extend 10 years
We can also customize input price indexes for individual states or metropolitan areas.
Applications
Hospitals, physician services, nursing homes, and health facilities use our composite market indexes for internal budgeting and reimbursement. This information also enables insurance companies, medical suppliers, and others to anticipate where they will have the most spending power—and thus develop effective market strategies. The U.S. Healthcare Cost Service helps you:
- Analyze the costs facing different types of health facilities
- Quantify sources of price change
- Produce accurate cost benchmarking
- Evaluate escalator clauses
- Prepare cost budgets
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