Definition - What does Admissions/1,000 mean?
Admissions/1000 is a statistic that represents the number of people out of a group of 1,000 members of a health insurance plan who were admitted to the hospital in a given period of time.
This measure allows health insurers to estimate how much money they'll need to pay out for hospital costs over a particular span of time.
Insuranceopedia explains Admissions/1,000
Hospital admissions are incredibly costly, and they are a major expense for health insurance companies, with the cost of many hospital admissions reaching five figures. Because of this, it is crucial for health insurers to understand how many of the people they are providing coverage to will likely be admitted to the hospital over a certain period of time. If too many people are being admitted to hospitals, it can be a threat to their profits.
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