NFP hospital profitability plummeted in 2020 despite expense mitigation strategies, Moody’s reports
Profits were down in the not-for-profit and public healthcare sector in FY20, but management strategies helped to increase liquidity amid the COVID-19 pandemic.
Survey responses provide snapshot of the toll of the COVID-19 pandemic on hospital finances
A government-issued report used survey responses from hospital administrators to examine the impact of the COVID-19 pandemic on hospitals in various aspects, including finances.
Healthcare’s financial recovery after COVID-19 depends on data and evidence
One of the greatest cost-savings opportunities for hospitals and health systems lies in controlling variation in costs for surgical procedures, a key area of focus for such an effort is the supply costs for such procedures.
Health system leaders state their case for prolonging the moratorium on the Medicare payment sequester
Hospitals and health systems urgently need Congress to extend the freeze on the 2% Medicare payment sequester, industry leaders said.
How 3 hospitals developed COVID-19 vaccine programs to suit their unique needs amid questions about costs and supplies
With no best practices to use as a model, hospitals have developed COVID-19 vaccine programs that are tailored to their own situations.
A proactive approach to comprehensive clinical asset management helps healthcare systems maintain financial health
One company discusses its goal to help other health systems in keeping medical equipment throughout its full life expectancy, especially in a time of financial struggle.
Reimagining the healthcare supply chain to bolster resilience and efficiency
In response to the COVID-19 pandemic, healthcare supply chain leaders are considering new approaches to sourcing, inventory management, analytics and technology.
Key learnings from the pandemic and plans for the future
Takeaway key lessons from a panel of executives who discuss how the first wave of COVID-19 impacted the acquisition and management of essential equipment and supplies.
5 keys to A/P financing that can help address the healthcare financial crisis
A healthcare organization's an A/P financing solution for supplier payments should reflect its financaI needs needs while also strengthening its relationships with suppliers.
COVID-19-induced revenue issues and staffing challenges causing some PCP practices to close their doors
HFMA's Chad Mulvany says if Congress passes another COVID-19 relief bill, which includes an additional PRF appropriation, it will address the PCP’s short-term financial issues, but will not solve staffing issues.