Nathan Kaufman: Hospital-based anesthesia and radiology operate in a broken financial model
The good ol’ days of hospital-based physicians providing services at no cost in exchange for exclusivity are over, creating significant disruptions. Health systems are facing a growing shortage of anesthesiologists and radiologists, a shortfall that is driven by a broken business model for those types of services. Underpayment for anesthesia and radiology care by Medicare and Medicaid combined with a lack of experience in related revenue cycle management and high…
Four financial challenges EDs face
Flat-to-declining payment rates, increasing Medicaid volumes, downcoding by payers, and increasing costs from waits and boarding have combined to increase financial challenges for hospital emergency departments in recent years.