Hospital Revenue Cycle Management

AdventHealth Swaps Out Cerner Revenue Cycle Management for Epic

by Jacqueline LaPointe

One of the nation’s largest health systems is replacing its current Cerner revenue cycle management along with its EHR with a platform from Epic, according to a press release from...

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...

CO Healthcare Costs Keep Climbing Due to Hospital Cost-Shifting

by Jacqueline LaPointe

Hospital cost-shifting is behind rising healthcare costs in Colorado, according to a new report from the state’s Department of Health Care Policy & Financing. The report found that, despite...

Feds Go After Medical Debt Collection for Military Hospitals

by Jacqueline LaPointe

The federal government is pursuing medical debt collection for care received at military hospitals, and its collection tactics can be a lot more aggressive than the typical hospital’s strategy,...

How Nebraska Medicine Boosted Revenue Cycle Efficiency

by Jacqueline LaPointe

For an academic health system with 8,000 employees and $2.9 billion in revenue, running an efficient revenue cycle is paramount. Nebraska Medicine is a large academic health system with two hospitals...

Hospital Profitability Declines Due to Weak Volumes, Revenues

by Jacqueline LaPointe

An analysis of November 2019 data from over 800 hospitals revealed weakened hospital profitability as margins significantly declined compared to the previous month. Conducted by consulting firm...

Affiliation Boosts Rural Hospital Margins, But Reduces Care Access

by Jacqueline LaPointe

Affiliating with a health system prevents rural hospital closures by improving margins, but the partnership comes at a price, according to a new study from RAND Corporation. The study published in the...

Hospital Profitability Up Despite Increase in Supply Expense

by Samantha McGrail

Hospital profitability showed significant improvements in October 2019, with month-over-month operating margins up about three percent, according to a new report from Kaufman Hall. According to the...

Patients, Providers Recognize Increased Risks From Care Variation

by Jacqueline LaPointe

An overwhelming majority (98 percent) of consumers, hospital executives, physicians, and nurses agreed that healthcare cost and care variations exist. That was the latest finding from Wolters Kluwer,...

Health System Operating Margins Improve, But Still Below 2015 Level

by Jacqueline LaPointe

After experiencing an average reduction of more than 38 percent from 2015 to 2017, health system operating margins improved by an average of 13 percent in 2018, according to a recent Navigant...

Hospitals Saw Lower Interest Rates After Affordable Care Act

by Samantha McGrail

The Affordable Care Act (ACA) did more to improve hospital fiscal health than boost profitability and decrease the amount of uncompensated care delivered, according to a recent study from the...

Empowering the Frontline to Improve Hospital Revenue Cycle

by Jacqueline LaPointe

There is always room for improvement in the hospital revenue cycle, according to Rodney Adams, a revenue cycle leader with over 15 years of experience and the current associate administrator of finance...

Outsourcing on the Mind as Hospitals Pursue Value-Based Care

by Jacqueline LaPointe

Ninety percent of hospital leaders are considering outsourcing both clinical and non-clinical functions to achieve cost-efficiencies and succeed in value-based care models, revealed a recent Black Book...

Revenue Cycle Steering Committee Improves Financial Health

by Jacqueline LaPointe

Leaders consider North Valley Hospital in Whitefish, Montana a community hospital. But for revenue cycle management staff at the non-profit, critical access hospital with 25 beds, that sense of...

Hospitals Take Aim at Healthcare Price Transparency Proposal

by Jacqueline LaPointe

A healthcare price transparency rule proposed earlier this year by CMS aims to empower patients by requiring the public disclosure of rates negotiated by hospitals and payers. But hospitals and other...

Ochsner, Lafayette General Expect to Close Merger Deal by 2020

by Jacqueline LaPointe

Louisiana-based Ochsner Health System and Lafayette General Health announced on Wednesday their intentions to merge in a deal that would create the largest and most comprehensive health system in the...

Hospitals Looking Beyond EHR to Improve Revenue Cycle Performance

by Jacqueline LaPointe

Over 60 percent of hospitals and health systems are not realizing optimal value from their EHR system, causing the organizations to collaborate with other vendors and outsourcing companies to improve...

Physicians Are Supply Chain Champions at Ochsner Health System

by Jacqueline LaPointe

A physician’s top priority is always to deliver the highest quality care possible to patients. But in an increasingly sophisticated and difficult healthcare market, the providers are now finding...