Practice Management

Hospital Operating Margins Remain Tight as COVID-19 Expenses Rise

by Jill McKeon

Key performance metrics and revenue continue to improve as health systems slowly recover from pandemic losses, but hospital operating margins remain tight, Kaufman Hall’s most recent National...

KLAS: Comparing Staff Scheduling Vendors for Workforce Management

by Jill McKeon

Workload balancing enables healthcare organizations to fill staffing gaps and maximize workforce management, and nurse and staff scheduling vendors can be a useful resource. A new KLAS report analyzed...

AMA Supports COVID-19 Vaccine Mandates for Healthcare Workers

by Jill McKeon

AMA, along with dozens of healthcare organizations, voiced support for COVID-19 vaccine mandates for healthcare workers in a recent announcement. Cases are increasing across the country as the highly...

Self-Insured Employers Have Little Say in Hospital Price Negotiations

by Jill McKeon

Most self-insured employers in the US lack the market power necessary to take part in hospital price negotiations, according to a study published in the American Journal of Managed Care (AJMC)....

94% of Hospitals Noncompliant with Hospital Price Transparency Rule

by Jill McKeon

Only 5.6 percent of hospitals are compliant with the hospital price transparency rule just over six months after its implementation, according to a report on 500 randomly selected US hospitals...

How Providers Pick a Healthcare Enterprise Resource Planning System

by Jill McKeon

A new KLAS Decision Insights report sheds light on what organizations look for when selecting or replacing their healthcare enterprise resource planning (ERP) system. Functionality, full-suite...

Revenue Cycle KPIs Are Evolving as Automation Takes Hold

by Jill McKeon

The top revenue cycle key performance indicators (KPIs) are evolving as more organizations use automation to pinpoint high value operations to improve revenue cycle management, according to an AKASA...

Nurse Understaffing Impacts Patient Safety, Practice Management

by Jill McKeon

During the peak of the COVID-19 pandemic when healthcare staff and resources were stretched thin, nurse understaffing may have led to unsafe practice management workarounds, cognitive failures, and...

Nonprofit Hospitals Fail to Fulfill Community Health Investments

by Jill McKeon

UPDATED 07/13/2021 Nonprofit hospitals failed to follow through on community health charity commitments, resulting in $17 billion in unrealized investments, according to the Lown Hospitals Index 2021...

New OSHA Standard to Disrupt Healthcare Workforce Management

by Jill McKeon

The Medical Group Management Association (MGMA) is urging the US Department of Labor (DOL) to rescind or delay its COVID-19 healthcare emergency temporary standard (ETS), suggesting that the guidance...

12 Health Systems Shop Local to Boost Supply Chain Sustainability

by Victoria Bailey

A dozen health systems have committed to support supply chain sustainability by increasing spending with Minority and Women Owned Business Enterprises (MWBE) by $1 billion over the next five...

Revenue Cycle Outsourcing Solves Staffing Challenges for AZ Practice

by Jacqueline LaPointe

The billing team at Tucson Gastroenterology was meeting a bar of excellence, according to Julie Wester, contract administrator at the Arizona-based specialty practice. But that bar was threatened when...

One Medical Will Expand Care With Acquisition of Iora Health

by Victoria Bailey

One Medical has announced its plans to acquire human-centric, value-based primary care group Iora Health in an all-stock transaction valued at approximately $2.1 billion. The agreement will allow...

Physician Compensation Plateaus Despite Pandemic Losses

by Jill McKeon

Despite a fiscally challenging year for the healthcare industry, physician compensation for most specialties has remained the same or has slightly increased, a new report from the Medical Group...

Physician Recruitment Drops, Number of Medical Residents Rises

by Jill McKeon

A new survey by Merritt Hawkins reveals that new physician recruitment rates are falling. In 2020, 62 percent of final-year residents received 26 or more recruiting offers, dropping from 82 percent in...

Prior Authorization Challenges Persist, AMA Survey Reveals

by Jill McKeon

A recent survey from the American Medical Association (AMA) evaluated the challenges and roadblocks of prior authorization (PA) for physicians and patients three years after a coalition of industry...

Automating Patient Financial Clearance Cuts Denials, Boosts Payments

by Jacqueline LaPointe

Patient financial clearance is meant to provide a seamless patient experience while ensuring a smooth revenue cycle for providers. But more often than not, the process can be drawn out, burdensome, and...

AHA: Let Hospitals Use COVID-19 Relief Funds Through PHE

by Jacqueline LaPointe

The American Hospital Association (AHA) is asking HHS to extend the deadline for when providers can use COVID-19 relief funds to the end of the public health emergency (PHE). HHS has set a deadline of...

Workforce Management Key to Nurse Mental Health, Patient Safety

by Hannah Nelson

Critical care nurses (CCNs) in poor physical and mental health report significantly more medical errors than nurses in better health, according to a study out of The Ohio State University College of...

Fewer Primary Care Practices Struggling A Year After COVID-19

by Jacqueline LaPointe

Far fewer primary care practices are struggling financially a year after the start of the COVID-19 pandemic, according to a recent survey from the Larry A. Green Center, Primary Care Collaborative...