Cost reduction remains a significant challenge in any business, but health care has been hit with a new wave of supplier and labor cost increases. Pharmaceutical costs have risen nationally as much as 16 percent per year. In addition, the shortage of nursing and other clinical positions continues to escalate the cost of delivering healthcare.
Despite those pressures, Froedtert & The Medical College of Wisconsin have made great success in holding costs and charges below market averages.
In the period 1997-2006, the Froedtert & The Medical College of Wisconsin cumulative price increase was only 32.8 percent, less than most other hospitals in the Milwaukee area.
Price Increase in Each Fiscal Year
(By Percentage)
| Hospital |
'97 |
'98 |
'99 |
'00 |
'01 |
'02 |
'03 |
'04 |
'05 |
'06 |
Cumulative |
|
Orthopaedic Hospital
of Wisconsin |
N/A |
N/A |
N/A |
N/A |
N/A |
8.0 |
6.0 |
8.0 |
7.0 |
6.0 |
40.2% |
|
Froedtert Hospital |
0.0 |
0.0 |
0.0 |
5.0 |
5.0 |
5.0 |
5.0 |
3.0 |
3.0 |
3.0 |
32.8% |
|
Oconomowoc Memorial |
4.0 |
3.5 |
0.0 |
0.0 |
0.0 |
9.0 |
4.0 |
3.0 |
0.0 |
N/A |
25.7% |
|
Waukesha Memorial |
5.0 |
0.0 |
0.0 |
5.0 |
5.0 |
8.0 |
4.0 |
3.0 |
0.0 |
N/A |
33.9% |
|
St. Francis Hospital |
4.0 |
4.0 |
4.0 |
4.0 |
0.0 |
7.5 |
3.9 |
7.0 |
5.5 |
N/A |
47.5% |
|
Children's Hospital
of Wisconsin |
4.0 |
0.0 |
4.0 |
4.6 |
8.0 |
8.0 |
4.0 |
4.0 |
5.5 |
5.0 |
58.1% |
|
Aurora Sinai Medical
Center (formerly
Sinai Samaritan) |
0.0 |
10.0 |
7.0 |
5.0 |
5.9 |
3.0 |
4.9 |
4.9 |
4.9 |
4.9 |
63.2% |
|
St. Michael's Hospital |
0.0 |
4.0 |
4.0 |
10.3 |
7.5 |
6.0 |
3.1 |
7.0 |
5.5 |
N/A |
58.3% |
|
West Allis Memorial |
4.0 |
8.0 |
7.0 |
5.0 |
11.2 |
7.0 |
0.0 |
4.5 |
2.5 |
4.9 |
68.7% |
|
Aurora Psychiatric
Hospital (formerly Milw
Psychiatric Hospital) |
4.0 |
6.0 |
4.3 |
6.0 |
11.2 |
5.5 |
4.9 |
4.9 |
4.9 |
4.9 |
73.0% |
|
Community Memorial |
5.0 |
4.5 |
7.7 |
7.7 |
7.6 |
5.0 |
5.0 |
4.8 |
3.0 |
3.0 |
67.9% |
|
Elmbrook Memorial |
4.0 |
0.0 |
4.0 |
14.7 |
7.5 |
8.0 |
4.1 |
7.0 |
5.5 |
N/A |
69.3% |
|
St. Mary's - Milwaukee |
5.0 |
5.0 |
5.0 |
8.1 |
9.5 |
6.4 |
7.0 |
6.2 |
7.0 |
6.8 |
89.4% |
|
St. Joseph's
Regional Medical Center |
5.0 |
2.9 |
4.8 |
15.3 |
7.5 |
7.0 |
4.0 |
7.0 |
5.5 |
N/A |
76.4% |
|
Aurora Medical Center
(formerly Hartford
Memorial) |
5.0 |
7.0 |
6.0 |
6.9 |
11.2 |
7.8 |
4.9 |
4.9 |
4.9 |
4.9 |
84.8% |
|
St. Luke's
Medical Center |
4.0 |
10.0 |
7.0 |
5.0 |
11.2 |
7.8 |
4.9 |
4.9 |
4.9 |
4.9 |
86.6% |
|
St. Mary's - Ozaukee |
5.0 |
5.0 |
5.0 |
9.0 |
10.5 |
7.3 |
7.0 |
7.0 |
7.0 |
6.1 |
94.3% |
|
Columbia Hospital |
5.0 |
5.0 |
5.0 |
9.3 |
10.4 |
7.1 |
7.0 |
7.0 |
6.9 |
6.4 |
94.9% |
|
Sacred Heart Rehab. |
5.0 |
5.0 |
5.0 |
9.3 |
10.6 |
7.1 |
7.0 |
6.9 |
7.0 |
7.0 |
96.3% |
|
Milwaukee Co. -
Mental Health Complex |
4.0 |
3.0 |
3.0 |
3.0 |
7.0 |
15 |
17.6 |
10 |
3.0 |
N/A |
86.3% |
|
West Bend -
St. Joseph's |
0.0 |
0.0 |
7.0 |
47.7 |
7.8 |
11.9 |
9.8 |
10.9 |
7.8 |
N/A |
150% |
Source: Wisconsin Hospital Association Hospital Rate Increase Summary