Hospital Revenue Cycle Management

Rising Expenses, Negative Margins Drove Poor Hospital Finances

by Victoria Bailey

Hospitals’ poor financial performances continued in October, driven by negative operating margins and rising expenses, according to data from Kaufman Hall. The National Hospital Flash Report...

Inflation Driving Financial Challenges for Consumers, Health Systems

by Victoria Bailey

More than 70 million adults feel unprepared to pay for healthcare costs, while health systems are facing a tight labor market and ongoing supply chain issues, highlighting the financial repercussions...

NYC Nonprofit Hospitals Saw High Tax Breaks, Low Community Investments

by Victoria Bailey

New York City nonprofit hospitals had a fair share deficit of $727 million in 2019, with nine major facilities spending less on community investments than they received in tax breaks, according to a...

KFF: Varying Hospital Charity Care Policies Influence Spending

by Victoria Bailey

Half of all hospitals reported spending 1.4 percent or less of their operating expenses on charity care in 2020, but spending varied due to different state-level charity care policies, according to...

Financial Challenges Persist for Hospitals, Physicians in September

by Victoria Bailey

Hospitals and physician practices continued to face financial challenges in September, as expenses outpaced revenue and operating margins remained negative, according to data from Kaufman...

Rapid Recovery Unlikely as Hospitals Face Worst Financial Year Yet

by Jacqueline LaPointe

Hospitals will need to take drastic cost-cutting measures to stabilize balance sheets after one of the worst financial years in decades, according to economists from Johns Hopkins. Those measures may...

Hospital Margins Remained Negative in August Despite Revenue Increases

by Victoria Bailey

Health system finances will likely remain unstable for the rest of the year, as rising patient volumes and revenues were not enough to offset negative hospital margins in August 2022, according to a...

Hospital Expenses Have Increased 23% in Less Than a Decade

by Sarai Rodriguez

Hospital expenses have increased 23 percent since 2016, a spike researchers attributed to continuous COVID-19 challenges, according to a recent analysis from QuoteWizard.  By...

Physician-Led Hospitals Advance Care Quality, Market Competition

by Victoria Bailey

Physician-led hospitals improve care quality and lower patient costs by driving market competition, making them an effective option to combat healthcare consolidation, according to a study conducted by...

New Paper Claims Hospital Prices Are “Bleeding Americans Dry”

by Jacqueline LaPointe

A new paper from the patient advocacy group Families USA is taking aim at hospitals and health systems. The report claims that high hospital prices are “bleeding Americans dry” as these...

Over Half of Hospitals to Have Negative Margins Through 2022

by Jacqueline LaPointe

2022 is shaping up to be the most financially difficult year for hospitals and health systems since the start of the pandemic, according to the American Hospital Association (AHA). A new report...

Hospital Finances Suffered as Margins, Revenue Declined in July

by Victoria Bailey

After experiencing slight recovery during the first half of the year, hospital finances suffered in July 2022 as health systems saw low operating margins and revenue decreases, according to a report...

Revenue Cycle Technology Key to Patient Collections, Experience

by Jacqueline LaPointe

Revenue cycle technology is helping Hackensack Meridian Health become a high-performing healthcare organization, especially when it comes to patient collections and financial experience. “We do not want manual processes in the...

Hospitals, Physician Practices Saw High Expenses, Revenues in June

by Victoria Bailey

Hospitals, health systems, and physician practices saw rising revenues and patient volumes in June 2022, but it was not enough to offset the continuously high expenses, leading to negative margins for...

340B DSH Hospitals Provided $41B in Uncompensated Care in 2020

by Victoria Bailey

Despite experiencing negative operating margins, 340B disproportionate share (DSH) hospitals provided 67 percent of all uncompensated care in 2020, according to a report from 340B Health and...

3 Areas That Will Impact Provider Profit Margins Post-COVID

by Jacqueline LaPointe

Healthcare providers faced a rough couple of years as the COVID-19 pandemic dampened financial growth, but the post-pandemic future should create a favorable environment for provider profit margins,...

Healthcare Revenue Falling Short of 2022 Goals for Many Providers

by Jacqueline LaPointe

Most provider organizations are behind their 2022 healthcare revenue goals, according to a recent survey of health system and physician group finance leaders. Revenue cycle management technology...

Rising Expenses Continue to Hurt Health System, Hospital Finances

by Victoria Bailey

Despite seeing minor improvements in revenue and patient volumes, health system and hospital finances were hurting in May 2022 due to rising expenses and negative operating margins, Kaufman...

Nonprofit Hospitals Offered $110B in Community Benefits in 2019

by Victoria Bailey

Nonprofit hospitals offered more than $110 billion in community benefits in fiscal year 2019, exceeding the value of their federal tax exemption by nearly nine times, according to a report Ernst &...

Low Revenue, Patient Volumes Led Hospital Finances to Regress

by Victoria Bailey

After experiencing some early signs of relief in March, hospital finances regressed in April 2022, with facilities seeing significant decreases in revenue and patient volumes, Kaufman Hall’s...