Over 40% of Hospitals Seeing Bad Debt, Uncompensated Care Increase
A new survey of hospital executives and finance leaders has found that bad debt, uncompensated care, and self-pay patients have all gone up since the start of the pandemic, adding to other revenue and...Hospitals to See 10% Fewer Total Admissions Than Projected in 2020
Hospitals could see admissions fall 10 percent below projections for 2020 even though stays and other types of services have rebounded compared to earlier this year, a new report from Kaiser Family...Healthcare Merger and Acquisition Activity Increased in Q3 2020
The pace of healthcare merger and acquisition activity continues to be unhindered by the COVID-19 pandemic, according to the latest M&A Quarterly Activity Report from Kaufman Hall. The report...Non-COVID-19 Hospital Admissions Have Only Partially Rebounded
Hospital admissions for conditions other than COVID-19 are still far below pre-pandemic levels and could stay that way for some time, according to a new study in Health Affairs. The study conducted by...Hospital Revenue Cycle IT Budgets to Take a Hit After COVID-19
More hospitals and health systems are planning to decrease revenue cycle IT budgets over the next 12 months, as leaders manage payer mix and other changes post-pandemic, according to a new...August Was a Setback for Hospital Financial Recovery, Report Shows
Hospital financial recovery stalled in August after three months of moderate month-over-month margin growth, healthcare consulting firm Kaufman Hall reports. The firm’s September National...ED, Inpatient Volumes Stuck Despite Some Hospital Visit Recovery
Fear of COVID-19 transmission and greater use of alternative care settings are stalling hospital visit recovery across key service lines, while others are starting to near pre-pandemic levels,...Hospital Operating Margins Down 96% As Volumes Remain Low
Hospital financial performance is starting to recover after hitting historic lows at the start of the COVID-19 pandemic, but the providers still face a bumpy road ahead, according to experts at Kaufman...Hospitals Can Sell Patient Bad Debt to Charitable Orgs, OIG Says
Charitable organizations like RIP Medical Debt can purchase patient bad debt directly from hospitals and other providers, according to a recent advisory opinion from HHS’ Office of the Inspector...Healthcare Revenue Cycle Recovery After the COVID-19 Pandemic
Halfway through 2020, hospitals have been doing the unimaginable. Patients have been asked to avoid healthcare facilities when possible, while more visits have been done via smartphones and laptops than in exam rooms. Meanwhile, some...Half of Hospitals to Operate in the Red By Year’s End
Hospitals typically operate on thin margins but the COVID-19 pandemic will likely sink those margins, pushing half of all US hospitals in the red through the second half of 2020, according to a new...AHA Projects $323B in COVID-19 Hospital Financial Losses in 2020
The American Hospital Association (AHA) is projecting hospital financial losses to deepen by an additional $120.5 billion from July 2020 through December 2020, bringing total losses to at least $323.1...Efficiency Key to Health System Financial Stability After COVID-19
When COVID-19 really hit the Coachella Valley area of California in mid-March, volumes dropped by as much as 60 percent at Eisenhower Health. For a health system primarily relying on public payers,...COVID-19 Has Execs Seeing Healthcare M&A Plans with Fresh Eyes
Nearly a year ago, Rhode Island’s two largest hospital groups decided to walk away from healthcare merger and acquisition talks. But the recent COVID-19 crisis is prompting health system leaders...Healthcare CFOs Looking to Technology to Boost Waning Margins
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...Sponsored by XIFIN
