Healthcare Spending

Healthcare CFOs Looking to Technology to Boost Waning Margins

by Jacqueline LaPointe

Healthcare CFOs do not plan to reduce spending on technology and automation despite a dramatic dip in revenues and margins, according to a recent Black Book survey. For more coronavirus updates, visit...

Few States Have Robust Healthcare Price Transparency Laws

by Jacqueline LaPointe

Massachusetts, Alaska, and Minnesota are among the states with the most comprehensive healthcare price transparency laws, which require providers, payers, or both to disclose costs to consumers, a new...

Patient Collections Takes Over a Month for Most Providers

by Jacqueline LaPointe

Patient collections takes more than a month for 74 percent of healthcare providers, according to the 10th edition of the Trends in Healthcare Payments Annual Report. The report released Tuesday by...

Coronavirus Healthcare Costs Could Total Up To $654B, Study Finds

by Jacqueline LaPointe

Herd immunity and similar coronavirus strategies that infect the majority of the population could come with a hefty price tag, reveals a new study published in Health Affairs. For more coronavirus...

Hospital Revenues Rose, Margins Fell Before COVID-19 Outbreak

by Jacqueline LaPointe

Hospital revenues and volumes increased the month before President Trump declared the COVID-19 outbreak a national emergency, according to the latest hospital profitability data from consulting firm...

Group Purchasing Reduces Healthcare Supply Chain Costs by 13%

by Jacqueline LaPointe

Group purchasing organizations (GPOs) are delivering critical cost-savings to providers, as well as increasing competition, transparency, and even emergency preparedness for events like COVID-19,...

80% of CFOs Expect Revenue, Profit Declines Due to COVID-19

by Jacqueline LaPointe

CFOs of healthcare organizations and other major companies are becoming increasingly pessimistic about the impact COVID-19 will have on their bottom lines, according to a new survey from...

How Much Will the COVID-19 Pandemic Cost Hospitals?

by Jacqueline LaPointe

Every day the number of confirmed COVID-19 cases rises, creating new challenges for the US healthcare system. Healthcare providers are scrambling to test and treat a sudden influx of patients...

Congress Passes CARES Act Giving $100B in Hospital Funds for COVID-19

by Jacqueline LaPointe

Updated 03/27/2020: The House of Representatives has passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, sending the bill to President Trump's desk awaiting signature. The bill...

National Healthcare Spending to Climb to 19.7% of GDP by 2028

by Jacqueline LaPointe

Researchers at the Office of the Actuary at CMS project national healthcare spending to grow at an average annual rate of 5.4 percent from 2019 through 2018, outpacing the average projected growth in...

Hospitals Look to Reduce Corporate Services Spending

by Jacqueline LaPointe

Three-quarters of provider executives believe their corporate services spending could decrease without impacting quality of care or efficiency, according to a recent survey of over 100 hospital and...

Out-of-Network Payment Cap Would Cut Hospital Spending by $124B

by Jacqueline LaPointe

Capping out-of-network payments to hospitals at 125 percent of Medicare rates could yield up to $124 billion in savings nationwide, making this a viable policy alternative to Medicare-for-All,...

High-Cost Utilization Persists Despite PCMH Implementation

by Jacqueline LaPointe

A study of the Veterans Health Administration’s patient-centered medical home (PCMH) implementation found no association between progress with the alternative care delivery model and high-cost...

Community Health Centers to Get Funding for Coronavirus Outbreak

by Jacqueline LaPointe

UPDATE 03/06/2020: HR 6074 became public law no: 116-123 on March 6, 2020. The federal government is one step closer to delivering funds to key stakeholders in the novel coronavirus...

FTC, PA Challenging Proposed Hospital Merger in Philadelphia

by Jacqueline LaPointe

The Federal Trade Commission (FTC) and the Commonwealth of Pennsylvania issued an administrative complaint last week challenging the proposed hospital merger between two Philadelphia-area hospital...

More States Passing Laws to Preserve Provider Competition

by Jacqueline LaPointe

All states have anti-trust statutes in place to preserve provider competition in the face of rapid consolidation, but more state governments are relying on price transparency, health plan contracting...

1% of People Account for 22% of Total Healthcare Spending

by Jacqueline LaPointe

The majority of total healthcare spending is concentrated in a small percentage of the population, according to a new statistical brief from the Agency for Healthcare Research and Quality...

How Much Are Health Systems Spending on Social Determinants?

by Jacqueline LaPointe

Health systems are making significant investments in programs that address social determinants of health, such as housing, employment, and food security, according to a new study published in Health...

Hospitals Closed 2019 with An Uptick in Volume, Patient Revenue

by Samantha McGrail

Hospitals nationwide ended 2019 with an increase in hospital profitability, with increases in both net patient revenue and service volumes, according to a recent Kaufman Hall report. According to...

CFOs Want To Cut Costs But Don’t Have Data, Resources To Do It

by Jacqueline LaPointe

Reducing costs is the top priority for healthcare CFOs, but about three-quarters of finance leaders say that resource constraints are impacting effective financial planning and analysis at their...