Hospital price inflation: What does the new PPI tell us?

Monthly Labor Review

Volumn 119, Issue 7, 1996, Pages 24-30

  Catron, Brian ^a   Murphy, Bonnie ^a  

^a BUREAU OF LABOR STATISTICS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 1542572639     PISSN: 00981818     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Review

References (6)

1. Katherine R. Levit, et al, "National Health Expenditures, 1993," Health Care Financing Review (Baltimore, MD, U.S. Department of Health and Human Services, Health Care Financing Administration, 1993).
2. See Standard Industrial Classification Manual 1987 (Washington, DC, U.S. Office of Management and Budget, 1987).
3. Diagnosis related groups are groupings of medical diagnosis and surgical procedures related by medical purpose or resource requirement.
4. The Health Care Financing Administration created a metric that accurately reflects relative hospital resource consumption by diagnosis related group. These relative intensity values are key elements in determining reimbursements for medicare hospital services.
5. "All other" indicates prices charged to private payers, those patients paying their hospital bill with the assistance of private insurance or from their own resources.
6. Beginning in January 1997, the CPI pricing methodology for hospitals will be similar to the PPI. See pp. 32-42 of this issue for more information on the CPI for hospital services.