Map of cost variation in New York City hospitals Map of cost variation in New York City hospitals
Articles

Average hospital cost varies by 80% in New York

October 26, 2017
Olivia Marcus

Amino's Facility Cost Ratings™ reveal which hospitals are the best (and worst) deal in the New York City area.

Even within the same city, hospitals can charge wildly different prices for similar care. We used Amino's Facility Cost Ratings™ — dollar signs that help employees identify cost-effective hospitals — to find the five most and least expensive hospitals in the New York City metropolitan area. Below is a peek into our data.

The most expensive hospitals

These five hospitals have the highest Facility Cost Rating™ in the New York City area, averaged across all insurers. Interestingly, the most expensive hospital has an F safety grade. Across the board, we found that there's no correlation between cost and quality.

The least expensive hospitals

These five hospitals have lowest Facility Cost Rating™ in the New York City area, averaged across all insurers. Two out of five have a D safety grade.

How we rate hospitals by cost

Amino’s Facility Cost Ratings™ are an easy to understand, symbolic system of dollar signs ranging from one dollar sign denoting “inexpensive” to four dollar signs denoting “expensive.”Facility Cost Ratings™ appear on the profiles of all facilities (hospitals, imaging centers, and urgent care centers) in our Amino's healthcare transparency product.

The Facility Cost Ratings™ you see in this post are averaged across all insurers. On Amino, employees see Facility Cost Ratings™ specific to their network and plan.


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