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Calif. Hospitals Could Save $10 Billion a Year
MedPage Today

A new study suggests California hospitals could cut up to $10 billion a year in healthcare spending by reducing the length of patient stays and other related measures.

The study from actuarial firm Axene Health Partners titled 2016 California Hospital Risk Outlook used 2014 patient discharge data from 275 hospitals from the Office of Statewide Health Planning and Development. Axene compared the discharge data to national averages in its own proprietary database and concluded that hospital inpatient costs “can be reduced by about 25% through continued efficiency improvements” and generate $10 billion in savings.