Hospital charges are the amount a hospital bills an insurer for service. For most patients, hospitals are reimbursed at a level well below charges. Patients covered by commercial insurance products have negotiated rates with hospitals. Patients covered by Medicare or Medicaid programs have hospital reimbursement rates determined by federal and state governments. Charges may include bundled procedures, personnel, services, and supplies. These bundles may not include the same items as other providers. An example would be room rates that include the space, equipment, nursing personnel and supplies.
When a patient has the opportunity to shop for medical services, he or she should contact his or her own insurance carrier to understand which costs will be covered and which will be the patient’s responsibility.
Please contact River’s Edge Hospital Patient Financial Services at 507-934-7605 with questions.