Hospital Revenue Cycle Management

Hospital Revenue Fell as Expenses Increased Amid Omicron Surge

by Victoria Bailey

As expenses continued to rise, hospitals experienced sudden declines in revenue, operating margins, and outpatient volumes during January 2022 amid the Omicron surge, according to Kaufman Hall’s...

AHA to Congress: Hospitals Need More Resources Amid Financial Struggles

by Victoria Bailey

The American Hospital Association (AHA) and seven other hospital organizations have penned a letter urging Congress to provide additional resources to help hospitals address ongoing operational and...

Hospital Labor Shortages Debuts as Top Concern for CEOs in 2021

by Victoria Bailey

Hospital labor shortages replaced financial challenges as the top concern for hospitals in 2021, according to data from the American College of Healthcare Executives (ACHE). “This is the first...

Hospital Finances Still Recovering as We Enter Third Year of Pandemic

by Jacqueline LaPointe

Most hospitals ended 2021 in a stronger financial position compared to the first year of the COVID-19 pandemic in 2020. However, they are entering the third year of COVID-19 down compared to...

Healthcare Orgs Hit Revenue Cycle Talent Recruitment Snags

by Jacqueline LaPointe

The Great Resignation and other employment challenges are hitting revenue cycle management, a new survey of hospital and health system leaders indicates. The survey commissioned by healthcare...

Providence, Hoag Announce End of Decade-Long Affiliation

by Sarai Rodriguez

California-based Providence and Hoag have announced that they will end their affiliation established about a decade ago. “Although we are formally parting ways, we will have other opportunities...

Hospital Revenue Margins Remain Depressed as Labor Expenses Rises

by Sarai Rodriguez

Across the country, hospitals and health system finances are being strained by rising labor costs, global labor shortages, and dwindling revenue margins, according to a recent National Hospital...

IU Health Holds Pricing Flat Amid Hospital Price Transparency Push

by Jacqueline LaPointe

As state lawmakers aim to advance hospital price transparency in Indiana, the state’s largest hospital system is putting a hold on pricing increases. At an annual public forum on hospital price...

Urgent Care Utilization Pivots to Testing, Immunization

by Sarai Rodriguez

According to an Epic research study, urgent care utilization has increased since the beginning of the pandemic, but visits have shifted to provide more testing and immunization and less non-COVID...

American Renal, Former Execs Charged with Healthcare Fraud Scheme

by Sarai Rodriguez

The Securities and Exchange Commission (SEC) has charged the nationwide dialysis service provider American Renal Associates Holdings of engaging in a healthcare fraud scheme involving revenue...

Labor Shortages Drive Up Hospital Expenses as Margins Decline

by Jacqueline LaPointe

Hospital expenses remain highly elevated compared to pre-pandemic levels as health systems and hospitals continue to face labor shortages and declining margins, according to the latest National...

Supply Chain, Labor Inflation Poses Risk to Healthcare Profit Margins

by Sarai Rodriguez

According to a Fitch Ratings report, supply chain challenges and rises in labor are leading to higher costs and potential revenue loss, threatening profit margins for healthcare and pharmaceutical...

NY Hospitals Place Liens Against Patient Homes Over Medical Debt

by Sarai Rodriguez

The report led by CSS underscores how hospitals throughout New York are securing liens against patient homes following a court-ordered medical debt judgment. These predatory medical debt tactics...

Medical Group Revenue Declines Underscore Need for Efficiency

by Sarai Rodriguez

AMGA’s 2021 Medical Group Operations and Finance Survey finds that medical group revenue and expenses fell due to a decrease in volume caused by the COVID-19 pandemic. The survey found that...

Patient Financial Assistance with Hospital Bills Increased in 2021

by Victoria Bailey

Patient financial assistance with hospital bills was sought out at a higher rate in 2021 compared to 2020 partly due to hospital billing practices, according to new data from TransUnion...

Analysis: 10 Most Cost-Efficient Hospitals in the US

by Jacqueline LaPointe

Pinnacle Hospital in Indiana, Saint Mary’s Regional Medical Center in Nevada, and Mercy Medical Center Dubuque in Iowa are among the most cost-efficient hospitals in the US, according to a new...

Healthcare Expenses Continue to Rise, While Hospital Volumes Decline

by Jacqueline LaPointe

Healthcare expenses continue to rise across the board as both hospitals and physician groups deal with pandemic-related impacts on financial performance, according to two new reports from healthcare...

Delaying Surgery Cost Hospitals, How They Can Prevent Revenue Losses

by Jacqueline LaPointe

Hospitals lost millions in revenue when leaders decided to delay or cancel elective surgical care during the initial wave of COVID-19. But the decision may also have long-term costs associated with it,...

Hospital Revenue Cycle Transformation Needed to Boost Performance

by Jacqueline LaPointe

Hospital revenue cycle transformation is needed to elevate poor enterprise performance as a result of the COVID-19 pandemic, experts from healthcare management consulting firm Kaufman Hall reveal in a...

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