Healthcare Revenue Cycle Management, ICD-10, Claims Reimbursement, Medicare, Medicaid

Practice Management News

Hospital Acquisitions of Physician Practices Rose 128% Since 2012

February 21, 2019 - Hospital acquisitions of physician practices continues to be a strong trend in the healthcare space, according to new data from Avalere Health and the Physicians Advocacy Institute (PAI). In an emailed press release, the organizations reported that hospitals acquired approximately 8,000 physician practices between July 2016 and July 2018. That number is on top of the 5,000 hospital...


Articles

21% of Rural Hospitals at High Financial Risk of Closing

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A new analysis from consulting firm Navigant revealed that one-in-five rural hospitals is at high risk of closing based on their current financial position. The analysis of publicly available data explored the financial viability and...

No Health IT Workforce Exec for Over Half of Non-Acute Providers

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Hospitals and non-acute providers are using significantly different health IT workforce strategies to meet their technological needs, according to the 2019 HIMSS U.S. Leadership and Workforce Survey. The survey of over 260 health...

Finding Medicaid Eligibility Cuts Hospital Bad Debt by 10%

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Extending insurance discovery efforts to insured patients can boost a hospital’s Medicare bad debt recovery by as much as ten percent annually, a new analysis shows. Identifying insured patients who are also eligible for Medicaid...

Vertical Integration in Healthcare Doesn’t Boost Care Quality

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A new study from Rice University’s Baker Institute for Public Policy shows vertical integration in healthcare has little to no impact on care quality. Performance on a range of measures, including hospital readmissions rates, was...

Providers Seek Prescription Price Transparency, Patient Cost Data

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Providers want to boost prescription price transparency to lower costs and improve care quality, a new survey of over 500 healthcare professionals uncovered. The Engine Group and Surescripts survey showed that 78 percent of professionals...

Driven By Prices, Private Healthcare Spending Reaches New High

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Average annual healthcare spending for individuals with employer-sponsored insurance grew 4.2 percent from 2016 to 2017, the latest data from the Health Care Cost Institute (HCCI) revealed. The growth translated to $5,641 per commercially...

Hospital Cost Accounting Tool to Cut Costs, Boost Value-Based Care

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The Healthcare Financial Management Association (HFMA) is making a hospital cost accounting roadmap available to all providers looking to reduce variation, waste, and inefficiency. The leading healthcare finance group recently partnered...

Clinical Documentation and Coding Top Revenue Cycle Vulnerability

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Hospital leaders are concerned that their organization’s clinical documentation and coding processes are vulnerable to errors that could result in lost or decreased revenue, according to a recent survey. Consulting firm and...

Healthcare Price Transparency in NH Reduced Out-of-Pocket Costs

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Healthcare price transparency shifts care to lower-cost providers and saves consumers and payers money, according to a recent study out of the University of Michigan. Costs fell by five percent for patients and four percent for insurers...

Baylor Scott & White, Memorial Hermann End Hospital Merger Talks

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Two large non-profit health systems in Texas are calling off a potential $14 billion hospital merger deal five months after signing a letter of intent to combine. In a joint statement, Baylor Scott & White Health and Memorial Hermann...

Hospital Prices Increased Faster Than Physician Prices, Study Finds

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EDITOR'S NOTE: This article has been updated with a statement from the American Hospital Association. Hospital prices increased much more quickly than physician prices for both inpatient and outpatient care from 2007 to 2014,...

Reducing the Rate of Hospital-Acquired Conditions Saved $7.7B

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A significant reduction in hospital-acquired conditions (HACs) saved providers $7.7 billion in hospital costs since 2014, the Agency for Healthcare Research and Quality (AHRQ) recently reported. New data from AHRQ and CMS shows providers...

CHI, Dignity Finalize Hospital Merger, Introduce CommonSpirit

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After over a year of negotiations, Catholic Health Initiatives (CHI) and Dignity Health recently finalized their hospital merger deal to create one of the largest non-profit health systems. The health systems jointly announced the...

KLAS Names Best Vendors for Financial, Revenue Cycle Management

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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 suite for the ninth consecutive year,...

Healthcare Consumerism, Supply Chain Generating Buzz at HIMSS19

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Now more than ever, the healthcare industry is at a crossroads and the annual HIMSS Conference and Exhibition reflects that. Healthcare spending is slated to increase at an annual rate of 5.5 percent over the next eight years as the...

How Will Automation, AI Impact Healthcare Employment?

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Increased use of automation and artificial intelligence is slated to replace millions of jobs and tasks in the near future. However, healthcare employment is relatively safe from automation, according to a new report from the Brookings...

Partners HealthCare CEO David Torchiana to Leave in Spring 2019

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The head of the largest health system in Massachusetts recently announced that he will step down later this year. David Torchiana, MD, plans to retire April 29, 2019, after serving as the chief executive of Partners HealthCare since 2015,...

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