News Headlines Article

Prices on hospital services spike in October
Modern Healthcare

The Consumer Price Index for hospital services has been relatively stagnant for most of 2015, but that changed last month. Hospital prices increased 2% in October, the highest month-over-month growth this year.

Hospital prices had either been rising slowly or falling altogether this year, although April saw a 1.9% bump in the sector. Inpatient hospital prices grew at a faster monthly clip (2.3%) than outpatient (1.7%) in October, a reversal from earlier this year when tepid outpatient price growth offset declining inpatient prices, according to seasonally adjusted data from the Bureau of Labor Statistics.