Colorado built more hospitals than in all but one other state and hospitals raised prices by 76 percent over a seven-year period as their profits rose to among the largest in the nation, according to an article on the Denver Post website.
At the same time, hospitals doubled their administrative costs from 2009 through 2016, according to the information collected for the Colorado Department of Health Care Policy and Financing.
Capital expenditures for the hospital industry in Colorado were higher than all states but Alaska, data shows.
Amid the construction boom, the state’s hospitals erected new facilities they now struggle to fill. And as services get duplicated, the prices they charge their patients keep growing, the article said.
Healthcare Real Estate: Responding to Shifting Patient Demands
Over 40% of Workers Impacted by Seasonal Depression
Archer Property Partners Acquires Medical Office Building Near Tri-City Hospital
The OR HVAC Puzzle: Why Individual Systems Are on the Rise
Sutter Health Announces Plans for New Santa Clara Medical Center