Inpatient Revenue Cycle Management

Hospital Volumes Dipped in August As Delta Variant Surged

September 28, 2021 - Hospitals volumes once again declined this summer as coronavirus resurged due to the Delta variant, according to a new report from Kaufman Hall. The healthcare consulting firm drew on financial data from more than 900 hospitals. The report found that key hospital volume metrics dipped in August 2021—though not as much as declines observed...

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Third of Hospitals, Systems Don’t Use Revenue Cycle Automation

by Jacqueline LaPointe

About one-third of hospitals and health systems do not use revenue cycle automation, according to a new survey. The survey commissioned by AKASA was conducted through the Healthcare Financial...

Hospitals Can Sell Patient Bad Debt to Charitable Orgs, OIG Says

by Jacqueline LaPointe

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...

Hospital Operating Margins Dropped As COVID-19 Started to Spread

by Jacqueline LaPointe

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...

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...

Hospital Revenue, Margins Improved in 2019 Despite Rising Expenses

by Jacqueline LaPointe

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...

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...

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...

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 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...

Rural Hospital Closures Boost Mortality Rates by Nearly 6%

by Jacqueline LaPointe

Rural hospital closures increased mortality by about 5.9 percent overall, while urban hospital closures had no measurable impact on mortality, according to a recently published National Bureau of...

Expanded Hospital Price Transparency Rules Worry Half of Providers

by Jacqueline LaPointe

Nearly half of providers recently polled by PMMC and Chilman Law Firm said publishing their negotiated rates with private payers were their biggest concern related to the Trump Administration’s...

76% of Execs to Invest in Predictive Analytics for Revenue Cycle

by Jacqueline LaPointe

Investment in predictive analytics for revenue cycle management is up, according to a recent survey of nearly 1,500 hospital and health system CFOs, VPs of finance, controllers, and other revenue cycle...

Third of Providers Regret Revenue Cycle Outsourcing Purchase

by Jacqueline LaPointe

Provider organizations are finding that full revenue cycle outsourcing is not meeting expectations, according to a new market report from KLAS. For the report “Outsourced Revenue Cycle Services...

KLAS Names Best Vendors for Financial, Revenue Cycle Management

by Jacqueline LaPointe

Epic Systems continued to take the lead across several categories in the 2019 Best in KLAS report, including a key revenue cycle management market. In addition to being named the top overall software...

4 Hospital Business Models for Consumer-Centric Healthcare

by Jacqueline LaPointe

When a member of Gurpreet Singh’s family broke his wrist, they didn’t go to a hospital emergency room or an academic medical. Instead, the family headed to an urgent care center to triage...

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