COVID-19 Federal Relief Funds Helped Offset Hospital Financial Losses
Despite declining operating margins, overall hospital profit margins remained stable in 2020, suggesting that federal relief funds helped offset financial losses for hospitals during the COVID-19...Rising Contract Labor Utilization Boosted Hospital Labor Expenses
Contract labor utilization and cost increased dramatically during the COVID-19 pandemic and were contributing factors to rising hospital labor expenses, according to a report from Kaufman Hall. The...Rural Hospitals Facing Risk of Closure Due to Financial Stress
The COVID-19 pandemic has led to significant financial stress for rural hospitals, with 441 facilities facing financial risk factors putting them at risk of closure, according to a report from the...Private Equity Acquisitions Did Not Impact Hospital Quality, Spending
Private equity acquisitions of short-term acute care hospitals were generally not associated with any changes in patient outcomes or healthcare spending among Medicare beneficiaries, a study published...Outpatient Volumes Led to Better Physician, Hospital Revenues in March
Following a rocky financial start to 2022, hospitals saw some early signs of relief in March, with higher revenues and outpatient volumes plus lower expenses, according to Kaufman Hall’s National...Colorado Bill Aims to Limit Debt Collections, Boost Price Transparency
The Colorado House has passed a bill that seeks to prohibit hospitals from pursuing debt collections against patients if the health system does not comply with the CMS hospital price transparency...Financial Losses, Challenges Persist for Hospitals, Health Systems
Hospitals and health systems have faced massive financial losses throughout the COVID-19 pandemic and continue to experience staffing shortages, rising expenses, and supply chain issues, a new report...Sponsored by Cloudmed
RPA and ROI: Making the Business Case for Healthcare Automation
Healthcare organizations see automation as vital to increasing net revenue, reducing costs, and improving the patient experience. While robotic process automation will certainly address inefficiencies...Nonprofit Hospitals Saw High Tax Breaks, Low Charity Care Spending
Most nonprofit hospital systems spent less on charity care and community investments than they received in tax breaks, with total fair share deficits amounting to $18.4 billion in fiscal year 2019,...Nonprofit Patient Revenue, Operating Expenses Rose Amid Delta Surge
During the Delta variant wave in the third quarter of 2021, net patient revenue and total operating expenses for nonprofit hospitals were above pre-pandemic levels, while operating income dropped to...Private Equity Acquisitions Improved Hospital Financial Performance
Hospitals saw higher operating margins, decreases in costs per adjusted discharges, and increased inpatient utilization following private equity acquisitions, according to a Health Affairs study sent...Professional, Hospital E/M Charge Index Continued to Grow in 2021
The median charge index for hospital evaluation and management (E/M) visits increased by 7 percent during the COVID-19 pandemic, according to a white paper from FAIR Health. The FH Medical Price Index...Hospital Operating Margins Still Negative After Omicron Surge
As COVID-19 cases and hospitalizations decreased, hospitals and health systems experienced temporary expense relief in February 2022, but operating margins were still negative and gross operating...Sponsored by Cloudmed
