Health care spending in the United States has fallen by nearly half in recent years, a study released Monday finds.
But the gap between hospitals’ finances and their patients’ continues to widen.
The institute of charities, charity, and foundation, or CharityBible, said in a report that hospitals face a critical funding gap of about $2.5 trillion a year.
Hospitals are also struggling to keep pace with new technologies, which may limit their ability to quickly address a growing array of diseases and emergencies, the charity said.
Hospices account for roughly two-thirds of the country’s healthcare spending, and more than 40 percent of U.S. health care spending.
The report estimates that the shortfall is at least $2,000 for every 100,000 Americans, or about $1,800 per person.
It also said that the cost of health care will grow more slowly than inflation for decades to come.
The charity said it has surveyed more than 200 hospitals across the country and found that only a third of them had enough money to cover their operating expenses for the next six years.
A fourth, a nonprofit in Michigan, had a plan to pay for itself, but it had trouble finding enough private financing to cover its operating expenses.
The Institute of Charities of America has been tracking the finances of hospitals since its inception in 1874, but the charity had never released such detailed information.
The organization has published its annual report since 2015.
The study, called the Hospitals Report, is based on data collected by the Institute of Charity, the nonprofit that tracks charities.
The group is known for its detailed and detailed analysis of hospital finances.
The data shows how hospitals are spending money, the types of treatments they’re offering, how much of it is going to care for patients, and the amount they’ve received from the government.
But it does not show how much is being spent on caring for patients and how much it’s spent on administrative costs.
The foundation said that despite the growing need for more money, hospitals still are not making enough to cover the expenses.
Hospice care for the elderly, for example, has risen nearly 30 percent in the last decade, but about one-third of hospitals are struggling to provide that care.
Hospiced patients, who typically make less than $10,000 per year, are often left out of the calculations of hospital operating expenses because they can’t be discharged until they’ve spent at least 20 percent of their wages on hospital care, the foundation said.
The average age of an elderly person receiving hospice care is 69, according to the report.
Hospitaries in wealthy states are more likely to be profitable because they tend to be run by people with a high income and are more well-connected to their patients, said Beth Miller, director of the Institute for Charity, a non-profit advocacy group.
But in states with lower populations and poorer health outcomes, like those in New York, Texas, Florida and California, hospitals are not so well-run.
In New York state, the state that has the highest population, there are nearly 300,000 people over the age of 75.
That number has risen to 1.7 million, the report said.
In the U.K., there are about 3.5 million people over 65, the most in the developed world, the institute said.
“We know that people can be very frail, very sick, very disabled, very low income, and are very vulnerable,” Miller said.