Hospitals are spending more on prescription drugs and many are feeling the weight of these price hikes, according to STAT.
The survey polled 712 U.S. community hospitals and two group purchasing organizations.
Here are four things to know:
1. Between 2013 and 2015, a new survey found average annual drug prices increased 23.4 percent, from $5.2 million to $6.5 million, for patients staying in community hospitals.
2. Hospital spending on drugs on a per admission basis rallied almost 39 percent, hitting $990 per admission.
3. At the same time, payer reimbursement is failing to keep pace with price increases. Hospitals are engaging in a balancing act, managing increasing drug prices with pharmaceutical price inflation.
4. The survey found more than 90 percent of surveyed hospitals reported recent price jumps for inpatient drugs had a moderate or severe effect on managing costs. Price hikes totaling 10 percent to 20 percent may impact hospitals' ability to manage cost.
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