Volume Declines Drive Hospital Operating Margins Down 282% in April
In the first full month hospitals battled the effects of the COVID-19 pandemic, hospital operating margins were down by 282 percent compared to the same period last year and 326 percent below budget,...How COVID-19 Has Impacted Top Clinical Service Lines at Hospitals
Year over year clinical service line volumes continue to drop further across most major specialties as inpatient and outpatient volumes still experience declines from the COVID-19 crisis, according to...How University Hospitals Is Resuming Elective Surgeries
As quickly as the number of confirmed COVID-19 cases went up, the volume of joint replacements, spinal fusions, and other elective, non-emergent services dropped, in some cases up to 99 percent since...Adapting Patient-Friendly Medical Billing to a COVID-19 World
Patient financial responsibility has been impacting the hospital revenue cycle far before the world knew what COVID-19 was. But the unprecedented public health crisis has shed new light on...Hospital Visits Reached Record Low in April as COVID-19 Spread
The COVID-19 pandemic has had an unprecedented impact on hospital visits, driving volumes to record lows. But patient volumes could be on the upswing as elective procedures resume, TransUnion...AHA: Hospitals Losing $50.7B a Month Fighting the Coronavirus
Hospitals and health systems are slated to lose $202.6 billion from March 1, 2020, through June 20, 2020, from fighting the novel coronavirus, with financial losses averaging about $50.7 billion per...Hoag Seeks Independence from Providence After Its Hospital Merger
Hoag Memorial Hospital Presbyterian is seeking to cut ties with Providence Health nearly four years after the Renton, Washington-based health system merged with an organization with which Hoag was...Hospital Revenue Falling $1.4B A Day As Patient Volume Drops
Hospital revenue is dropping by an average of $1.4 billion per day as COVID-19 continues to impact patient volumes, according to a new Crowe RCA Benchmarking analysis. For more coronavirus updates,...Beaumont, Summa Health Delay Hospital Merger Until After COVID-19
A planned hospital merger deal between Beaumont Health and Summa Health will wait until after the COVID-19 crisis, according to Beaumont’s CEO John Fox. For more coronavirus updates, visit...Hospital Operating Margins Dropped As COVID-19 Started to Spread
US hospitals are suffering from financial damage as a result of the COVID-19 pandemic, according to a new report from healthcare consulting firm Kaufman Hall. For more coronavirus updates, visit...25% of Rural Hospitals at Risk of Closing as Patients Go Elsewhere
More rural hospitals are at high financial risk of closing as patients living in the communities choose to go elsewhere for care, according to a new analysis from Guidehouse. The latest analysis from...Hospital Revenues Rose, Margins Fell Before COVID-19 Outbreak
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...80% of CFOs Expect Revenue, Profit Declines Due to COVID-19
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...Sponsored by XIFIN
Clean Claim, Write-Off Metrics Key to Diagnostic Provider Success
Diagnostic provider leadership teams understand the importance of revenue cycle management (RCM) for maximizing reimbursement promptly. Submitting clean claims is one of the most important ways that a...Playing Defense Key to Overcoming Fiscal Challenges of COVID-19
COVID-19 is wreaking havoc on the healthcare system and that is coming with a high price tag. The COVID-19 pandemic is likely to cost the global economy $1 trillion in 2020, according to recent...Hospitals Look to Reduce Corporate Services Spending
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...Hospital Revenue, Margins Improved in 2019 Despite Rising Expenses
Hospitals ended 2019 on a “cautiously optimistic” note, with hospital revenue and margin seeing improved performance despite rising expenses and seesawing volumes, according to a new report...Inpatient No Longer King as Hospital Outpatient Revenue Grows
“Heads in beds” is no longer the motto for hospitals, which are seeing their hospital outpatient revenue nearly equal inpatient revenue, according to a new report from the Deloitte Center...Sponsored by XIFIN
