Rising specialty medication costs: The urgent need for innovative payment models in healthcare
How alternative payment models can make drug spend more predictable Plan sponsors are facing rising and volatile drug spend, largely driven by high cost specialty medications. While they often account for less than 2% of all claims, these drugs can represent more than 50% of total spend. This challenge is likely to get worse. As…
Healthcare News of Note: The top 5 reasons U.S. adults say the nation’s healthcare system fails to meet their needs
Nearly three-quarters of adults say the U.S. healthcare system is not meeting their needs in some way, with the length of time to get an appointment the No. 1 reason. The top benefit of using remote patient monitoring during cancer care is to keep the care team up to date on symptoms in between appointments,…
How healthcare organizations can defend against financial hazards in 2023
What are the most critical strategies to steer healthcare organizations in the direction of financial stability in the following year and beyond? A couple tips include reducing bad debt and accessing external benchmarks for supply pricing.
Most healthcare organizations want to augment current EHR workflows and would consider flexible outsourcing contracts
This pulse survey shows that there is no one-size-fits-all solution for managing today’s revenue cycle challenges. Savvy healthcare organizations know they need a combination of actionable insights and high-performance work teams to be successful.
Why addressing unexplained variations in care should be a healthcare system priority
Healthcare researchers believe Medicare could save $2 billion by using a cheaper drug for retinal disease, but some physicians don’t want to switch.
First American – Providing funding solutions exclusively for healthcare organizations
Healthcare organizations can acquire leading-edge equipment and stay updated with the latest technology with one company’s funding solutions.
Ensemble helps healthcare organizations remove payer barriers, streamline processes and systems and implement strategies to increase patient loyalty
Find out how one company works with clients to ensure healthcare providers can navigate reimbursement complexity, adapt to payer changes and overcome obstacles.
Healthcare News of Note: Cancer is now the top driver of large employers’ healthcare costs
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: The No. 1 driver of healthcare costs for large employers is cancer, the gender pay gap for physicians has gotten larger, and NRC Health names the top facilities for consumer loyalty and patient experience.
Cost Reduction Program Summary Report
HFMA, with sponsorship from Strata Decision Technology, surveyed 185 healthcare finance, accounting and revenue cycle executives to understand cost reduction programs and how effective they are. The survey indicates that while 89% of healthcare organization have some type of cost reduction program in place, only 6% say their program is extremely effective. Survey respondents select…
Healthcare News of Note: Community health workers can influence better use of healthcare providers among certain populations
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Community health workers promote better use of healthcare providers, $195 billion in medical debt is owed by U.S. residents, and Generation Z is less likely to seek treatment for mental health issues.