Practice Management News

32% of Academic Physicians Plan to Leave Workforce, Fueled by Burnout

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One-third of academic physicians have at least a moderate intention to leave their facility in the next two years, driven by burnout and a lack of professional fulfillment, a study published in JAMA...

NC Attorney General Sues HCA After Quality of Care Complaints

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North Carolina Attorney General Josh Stein is suing HCA Healthcare for failing to comply with an asset purchase agreement it executed when it purchased Mission Health System in 2019. The case alleges...

CMS: Healthcare Spending Accelerated, Reaching $4.5T in 2022

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US healthcare spending picked back up last year, reaching a total of $4.5 trillion in 2022, according to the latest numbers from CMS. Healthcare spending growth accelerated, growing by 4.1 percent in...

COVID-19 Surges Led to Fluctuating Occupancy Rates at Hospitals

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COVID-19 surges in 2020 led to increased occupancy in inpatient settings and intensive care units (ICUs) and declining surgical occupancy rates, creating unstable financial conditions for hospitals, a...

Care Quality, Physician Autonomy Lower at Corporate-Owned Practices

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Changes in physician practice ownership resulted in lower patient care quality and poorer patient-provider relationships, according to a survey from NORC at the University of Chicago, commissioned by...

Fewer Than 1 in 3 Consumers Pay Medical Bills Immediately

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Healthcare revenue cycle leaders may need to readjust their patient collection strategy to help consumers understand and pay their medical bills, a new survey suggests. The survey of over 1,000...

Hospitals See Margins Above Pandemic Levels in October

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Hospital financial performance improved in October, signaling continued stabilization in the wake of the COVID-19 pandemic, according to the latest “National Hospital Flash Report” from...

Optum Faces Allegations of Anti-Competitive Practices from CA Health System

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California-based health system Emanate Health has filed a lawsuit alleging that UnitedHealth Group’s Optum violated antitrust laws and engaged in anti-competitive practices regarding physician...

WA Non-Profit Health System Will Reimburse Patients in Charity Care Agreement

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PeaceHealth, a Washington-based non-profit health system, has agreed to pay $4 million to 4,000 patients after it failed to disclose charity care policies before collecting payments. The agreement...

Breaking Down the Top 5 Healthcare Revenue Cycle KPIs

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Healthcare organizations need to understand financial performance to maintain access to high-quality, cost-efficient care — a level of care that is central to both the value-based care journey...

HPSA Program Did Not Affect Physician Shortages or Health Outcomes

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Although health professional shortage area (HPSA) designations aim to improve access to care by alleviating staffing challenges, a Health Affairs study found that most HPSA counties remained physician...

Revenue Cycle Sets Sights on Autonomous Coding, Claims Automation

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Revenue cycle leaders at top healthcare organizations are prioritizing automation, with autonomous coding and claims management at the top of their wish lists, a new KLAS report reveals. KLAS surveyed...

27% of Adults Face At Least One Healthcare Affordability Challenge

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Healthcare affordability is significantly impacting low- and middle-income families, but healthcare financial strain is becoming a more widespread issue for US families, a new study published in Health...

Labor Expenses Hurt Hospital Financial Performance

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Workforce challenges continue to dampen hospital financial performance as labor expenses remain high, according to the latest “National Hospital Flash Report” from healthcare consulting...

Consumer Credit Scores Improve After Medical Debt is Wiped from Reports

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After major credit bureaus stopped reporting medical debt collections less than a year old and less than $500, consumers saw improvements in their credit scores, according to data from the Urban...

Hospital Outpatient Revenue Growth Contributes to Positive Margins

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Hospital outpatient revenue is growing as patients seek healthcare services in less expensive settings, a performance trends report from Strata Decision Technology and Syntellis Performance Solutions...

How Do Healthcare Organizations Feel About Autonomous Coding?

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Autonomous coding can help streamline revenue cycle processes and reduce administrative burden, but over half of surveyed healthcare finance leaders are not familiar with it, while others do not fully...

States Boosting Medicaid Payment Rates for Home Healthcare Amid Shortages

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Most states have increased Medicaid payment rates for home healthcare providers as the sector grapples with staffing shortages, according to a KFF issue brief. The COVID-19 pandemic exacerbated...

Diverse Medical Students More Likely to Practice in Underserved Areas

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Less than 30 percent of medical students planned to practice in underserved areas between 2019 and 2021; those who did were more likely to be students of color, women, and part of the LGBTQ community,...

Henry Ford, Ascension Michigan to Form Joint Venture

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Henry Ford Health System and Ascension Michigan have signed an agreement to enter a joint venture that would bring together Ascension’s southeast Michigan and Genesys healthcare facilities and...