Practice Management News

Private Equity Firm Invests in RCM Company Alpha II

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Global private equity firm TA Associates has signed a definitive agreement to make a substantial growth investment in revenue cycle management (RCM) company Alpha II, according to a recent...

Physician Compensation, Productivity Grew in 2022 Despite Shortages

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Physician compensation increased in 2022 but could not keep up with rising inflation, a report from the Medical Group Management Association (MGMA) revealed. The report reflects data from nearly...

Aspirion Acquires Revenue Cycle Management Company FIRM

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Aspirion recently acquired FIRM Revenue Cycle Management Services, Inc. (FIRM RCM), a company that works with hospitals to recover denied, unpaid, and underpaid claims. The technology-enabled...

KLAS Shares User Reviews of Computer-Assisted Coding Vendors

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Healthcare organizations value client support, coder productivity, and accuracy when selecting computer-assisted coding (CAC) vendors, a KLAS report found. The Computer-Assisted Coding 2023 report...

Racial and Ethnic Health Inequities Led to $421B in Excess Spending

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The economic burden of health inequities ranged from $421 billion to $978 billion in 2018, suggesting more resources are needed to improve health equity for racial and ethnic minorities and people with...

AMA: 31% of Physicians Have Faced Medical Liability Claims

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Nearly a third of US physicians reported being previously sued during their career, suggesting the need for medical liability reforms, an analysis from the American Medical Association (AMA)...

Physician Staffing Firm Envision Healthcare Files for Bankruptcy

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Envision Healthcare Corporation has officially filed for bankruptcy following reports last week that the physician staffing firm has $7 billion in outstanding debt. The firm announced yesterday it...

More Nurses to Leave Healthcare Workforce as Job Satisfaction Drops

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More nurses plan to leave the healthcare workforce as career satisfaction has decreased and mental health and well-being problems have increased, according to a survey from AMN Healthcare. The 2023...

What the End of the COVID-19 PHE Means for Healthcare Providers

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The COVID-19 public health emergency (PHE) has officially ended, and with it, so have policies that helped healthcare providers navigate challenging circumstances, including provider relief funds and...

Hospital Revenue Growth Outpaced Rising Expenses in March

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Revenue growth exceeded expense increases in March 2023, resulting in positive hospital operating margins for the first time in 15 months, according to a report from Syntellis Performance...

CFPB Report Identifies Pitfalls of Medical Credit Cards, Loans

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In the age of high deductibles, providers are increasingly turning to financial institutions and fintech companies to offer medical credit cards and installment loans to their patients. However, a new...

Hospital-Physician Integration Leads to More Intense Cardiac Care

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Patients who see cardiologists employed by hospitals are significantly more likely to receive high-intensity, hospital-based coronary interventions compared to patients who see independent doctors,...

Razor Thin Margins Leave Hospitals Vulnerable to a Recession

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Hospital operating margins are stabilizing after a turbulent couple of years. However, margins remain below pre-pandemic levels, which makes hospitals and health systems vulnerable to a possible...

Private Equity Firms Acquired Over 700 Oncology Practices in 20 Years

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Private equity acquisition of oncology practices has grown in the past two decades, with over 700 clinics becoming affiliated with a private equity firm between 2003 and 2022, a study published in JAMA...

Intermountain Taps Surgery Partners to Manage, Grow ASCs

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Intermountain Health recently announced it signed a collaborative agreement for Tennessee-based Surgery Partners to take over management of its ambulatory surgery centers (ASCs) in certain markets...

Skilled Nursing Facility Use Increased Following PHE Waiver

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Skilled nursing facility (SNF) episodes for Medicare beneficiaries without preceding acute care increased during the COVID-19 public health emergency (PHE), a study published in JAMA Internal Medicine...

Kaiser Permanente to Acquire Geisinger, Expand Value-Based Care

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California-based integrated health system Kaiser Permanente recently announced that it has agreed to acquire Geisinger Health, a 10-hospital system on the East Coast, in an effort to develop a new...

Nonprofit Hospitals Rely on Financial Reserves Amid Operational Challenges

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Financial reserves have helped nonprofit hospitals and health systems survive amid ongoing operational and economic challenges, according to a report prepared for the American Hospital Association...

More Medical Liability Premiums Increased in 2022, AMA Finds

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More than 35 percent of medical liability premiums increased in 2022, marking the highest rate in almost two decades, an analysis from the American Medical Association (AMA) found. The analysis...

Uncompensated Care, Area Disadvantage Impair Safety-Net Margins

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Safety-net hospitals with the highest levels of uncompensated care and area socioeconomic disadvantage have lower margins compared to other safety-net providers, according to a recent study out of...