Tag Archives: Costs

Race against time for family of toddler with ultra-rare disease, whose only chance at life costs $3 million

When Michael Pirovolakis was born eight days before Christmas in 2017, his green eyes glowed bright like two snow globes. He had 10 fingers, 10 toes and a full head of hair matted to his head. Michael was a cooing, crying, healthy baby boy. “What else could we ask for,” said his father, Terry. Terry,… Read More »

Worker health insurance costs surpass wage growth, survey finds

Dive Brief: The average premium for employer-sponsored health insurance in 2019 rose 5% to $ 20,576 for family coverage and 4% to $ 7,188 for single coverage, according to the latest annual Kaiser Family Foundation Employer Health Benefits Survey. Employees pay a significant share of those premiums: 30% for family coverage ($ 6,015) and 18%… Read More »

Private equity gobbles up dermatology practices, raising questions about outcomes, costs

Dive Brief: Fewer dermatologists are working solo compared to a decade ago as private equity has upped its stake in dermatology practices nationwide, according to a new report in JAMA Dermatology. The latest study found 17 different PE groups acquired 184 practices over a six-year period, snapping up about 381 clinics overall. PE acquisitions helped… Read More »

Hospital-acquired sepsis cases drop, but treatment costs rise, report finds

Dive Brief: Healthcare consulting company Premier reported a 15% drop in hospital-associated sepsis cases among member hospitals over the past three years. But the news is not all good. Patients who develop sepsis in the hospital are 10% more likely to experience the worst kind, septic shock, raising the average per-case cost of treating the… Read More »

Hospitals should focus on productivity gains to reduce costs, report finds

Dive Brief: The healthcare delivery industry could save between $ 1.2 trillion and $ 2.3 trillion over the next decade by focusing on productivity gains and not workforce expansion, according to a new McKinsey & Company report. From 2001 to 2016, the industry grew 3.3% annually to $ 1.3 trillion — with 99% of growth… Read More »