November hospital admissions weakest in a decade

U.S. hospitals saw their weakest admissions in a decade last month, according to Reuters, citing a survey by Citi Research. Admissions in October and November combined represented a decrease of 4 to 5 percent compared to a year ago, which is likely to affect fourth-quarter earnings and financial forecasts for next year, the survey found. Factors contributing to the slowdown include confusion from the Affordable Care Act's problematic rollout and the new "two midnight" rule on Medicare reimbursements. On top of the new rule and the rollout problems, "it is reasonable to conclude that the cumulative impact of changing physician employment and payment models is beginning to play a role," Citi analyst Gary Taylor said, according to Reuters. Article

 

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