Omicron, swelling expenses characterize end of another challenging year for hospitals, physician groups
The nation’s hospitals, health systems and physician groups closed the second year of the COVID-19 pandemic amid ballooning expenses exacerbated by nationwide labor shortages and global supply chain challenges.
Omicron, swelling expenses characterize end of another challenging year for hospitals, physician groups
The nation’s hospitals, health systems and physician groups closed the second year of the COVID-19 pandemic amid ballooning expenses exacerbated by nationwide labor shortages and global supply chain challenges.
Revenue Cycle Insights: February 2022
This month's issue leads off with the news that the federal government is taking a look at provider billing in the COVID era through audits by the Office of Inspector General.
Large analysis of hospital websites finds little compliance with price transparency regulations
Fewer than 15% of hospitals are fully compliant with federal price transparency regulations, according to an analysis.
Healthcare News of Note: Amazon Care’s virtual health services are now available nationwide, and in-person care services are launching in more than 20 new cities in 2022
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Amazon Care plans to expand in-person care to 20+ new cities in 2022, GAO raises concerns about HHS’s leadership and coordination of public health emergencies, and a new study shows more physicians suffered burnout in 2021 than in 2020.
Healthcare News of Note: Drug manufacturers reap $6.7 billion in provider relief funding, leaving hospitals and health systems with no aid allotted for the delta and omicron surges
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: $7 billion from the Provider Relief Fund was used by the Biden administration to pay drug manufacturers, HHS takes a strong stance on requiring health plan/insurance issuers to deliver parity for mental health and substance-use disorder benefits, and investors show continued interest in healthcare M&A in 2022.
Cost-Reduction Strategies Boost, Sustain Recovery
Persistent pandemic conditions are forcing hospitals and health systems to stretch their thinking as they set strategic goals. They are adjusting to managing fluctuating levels of care along with addressing shifts in payer mix, consumers’ demands and increasing cost pressures. These changes, combined with the challenge of inconsistent patient volumes, is putting unprecedented financial pressures…
Newly released financial data show pandemic-related challenges intensifying for hospitals
Issues with expenses and unstable volumes hindered hospital finances and operations as 2021 drew to a close.
Optimizing the revenue cycle by streamlining and automating payment collections
Nine healthcare finance professionals dive into strategies to help entities evolve to meet challenges faced by providers and payers in finding qualified employees in today’s workforce.
Revenue Cycle Insights: January 2022
January's issue of Revenue Cycle Insights includes a lot on what's happening with the new surprise billing regulations.