RevCycle Intelligence November 12, 2018
The reasons behind total healthcare costs vary by region, so local leaders need reliable data to truly bend the cost curve, a new study shows.
Healthcare costs in Colorado are significantly higher compared to other states in the country. A recent analysis by the Network for Regional Healthcare Improvement (NHRI) showed that total cost of care in Colorado was 19 percent higher than the average costs in six other states.
Greater utilization and prices drove the higher-than-average healthcare costs in Colorado. The rate of healthcare utilization in the Mountain state was five percent higher than the six-state average, and prices were 13 percent higher.
Oregon also had higher-than-average prices. However, healthcare resource use was lower than the benchmark for all...
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