Becker's Hospital Review

11 CFO / FINANCE The most, least expensive states for an ER visit By Alia Paavola N ew Jersey hospitals charge the most for a moderate-severity emergency room visit requiring a single surgery, according to data from Hospital Pricing Spe- cialists provided to Becker's Hospital Review. For the analysis, Hospital Pricing Specialists collected 12 months of billing data, from June 2019 to June 2020, from 4,570 hospitals across the U.S. to determine the average cost of an ER visit for moderate-severity cases that have a single surgery code. Moderate-severity ER visits are those that fall under the Current Procedural Terminology code 99283. e overall price tag includes charges for ER visits, single surgery codes, lab and radiology tests, and pharmacy and supply costs, among other fees. Below, the 50 states and Washington, D.C., are ranked by the average charge of a moderate-se- verity ER visit with a single surgery code: 1. New Jersey — $3,750 2. Colorado — $3,377 3. Florida — $3,160 4. California — $2,969 5. Nevada — $2,694 6. Texas — $2,362 7. Arizona — $2,124 8. District of Columbia — $2,100 9. Virginia — $2,013 10. Delaware — $1,983 11. South Carolina — $1,958 12. Kentucky — $1,861 13. Hawaii — $1,846 14. Tennessee — $1,838 15. New Hampshire — $1,811 16. Illinois — $1,804 17. Mississippi — $1,788 18. New York — $1,786 19. Indiana — $1,760 20. New Mexico — $1,748 21. Missouri — $1,733 22. Washington — $1,713 23. Oklahoma — $1,690 24. Rhode Island — $1,639 25. Alabama — $1,628 26. Pennsylvania — $1,628 27. North Carolina — $1,626 28. Georgia — $1,618 29. Idaho — $1,585 30. Oregon — $1,585 31. South Dakota — $1,571 32. Alaska — $1,552 33. Utah — $1,541 34. Ohio — $1,514 35. Connecticut — $1,495 36. Nebraska — $1,445 37. Arkansas — $1,395 38. Wisconsin — $1,369 39. Vermont — $1,283 40. Massachusetts — $1,256 41. Kansas — $1,232 42. Michigan — $1,197 43. Minnesota — $1,191 44. Iowa — $1,173 45. Wyoming — $1,171 46. Louisiana — $1,157 47. West Virginia — $1,087 48. Maine — $965 49. North Dakota — $964 50. Montana — $961 51. Maryland — $710 n CommonSpirit to sell 14 hospitals to Essentia Health By Alia Paavola F ourteen hospitals owned by Chicago-based Com- monSpirit Health could join Duluth, Minn.-based Essentia Health as early as this summer. Under a letter of intent announced Jan. 8, Common- Spirit-owned facilities operating under the CHI Health brand in North Dakota and Minnesota would join Essen- tia Health. The deal includes a full-service tertiary hos- pital in Bismarck, N.D., and 13 critical access hospitals. Additionally, all CHI Health-associated clinics and living communities would join Essentia Health. The organizations will now work to reach a formal agreement to transfer ownership of the hospitals and related clinics. CommonSpirit and Essentia said they hope to complete the transaction by this summer. n Adeptus Health declares bankruptcy By Ayla Ellison A deptus Health, an Irving, Texas-based operator of free- standing emergency rooms, in December filed for Chapter 7 bankruptcy, according to the Dallas Busi- ness Journal. In its Dec. 18 bankruptcy petition, the company listed debts of about $278.2 million and assets of nearly $6.8 million. Compa- nies typically use Chapter 7 bankruptcy to liquidate assets to satisfy creditor claims. The company filed an initial public offering in 2015, and its stock price hit $100 within a year, according to the report. However, amid a significant decline in the company's earn- ings, Adeptus filed for Chapter 11 bankruptcy in 2017. At that time, the company attributed the filing to strained finances as a result of rapidly expanding its facility footprint. Adeptus collaborated with New York City-based hedge fund Deerfield Management on a restructuring plan. According to the Chapter 7 petition, Deerfield is Adeptus' largest creditor with an outstanding claim of more than $209.9 million. n

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