The healthcare industry has long served as a leading sector for the development and utilization of advanced technologies. While the latest technology often is expensive, sometimes prompting discussion about appropriate utilization, there is medical value in such modern marvels.
The growth of outpatient procedure volumes has been largely beneficial to hospitals, but for some procedure groups, hospital share has declined as nonhospital settings have shown share increases, notably in major outpatient surgery. Still, focusing on significant procedure groups, from 2007 to 2009, hospital-based outpatient utilization rates grew more rapidly (4.6% annually) than nonhospital providers (1.9%).
Hospital stays represent a significant challenge for healthcare leaders. While roughly one full day has been trimmed from the average length of stay since the early 1990s, the number of discharges has grown, as has the cost per discharge.