Practice Management News

Half of private equity-owned physician practices are resold within 3 years

April 19, 2024 - More than half of private equity-acquired physician practices underwent an exit within three years of acquisition, with most practices being resold to other private equity firms, according to a study published in Health Affairs Scholar. When private equity firms acquire physician practices or other healthcare organizations, the intended end goal is...

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About 1 in 5 healthcare bankruptcies in 2023 owned by PE firms

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A new report reveals a record year for healthcare bankruptcies as more private equity-owned companies filed for bankruptcy in 2023. There were approximately 80 healthcare bankruptcies last year,...

Hospital merger and acquisition activity generated $12B in Q1 2024

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Hospital merger and acquisition activity in quarter one of 2024 hit a first-quarter high since 2020, with 20 announced transactions generating $12 billion, a Kaufman Hall report found. The number of...

Nearly 4 of 5 physicians employed by hospitals, corporations

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Widespread consolidation in healthcare is affecting physicians, according to a new report from the Physicians Advocacy Institute (PAI) and Avalere Health. The report analyzed updated data from IQVIA...

Healthcare orgs reflect on top vendors for denials management services

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When working with vendors for denials management services, healthcare organizations are satisfied with their levels of expertise, overturn rates, and denial prevention, according to a KLAS report. The...

Risant Health completes Geisinger acquisition

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Washington DC-based Risant Health recently announced the complete acquisition of Geisinger, a health system in Pennsylvania that serves approximately 1.2 million people. The 10-hospital system, with...

CMS releases tool to help hospitals with price transparency

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CMS recently released a web-based validation tool that assists hospitals with price transparency compliance. The updated V2.0 Online Validator Tool helps hospitals develop machine-readable files to...

Primary care delivery is similar across all Medicare patient mixes

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Care delivery, care coordination, and administrative challenges were similar across primary care physicians serving traditional Medicare patients and those serving Medicare Advantage patients, a...

Tax breaks higher than community investments for most non-profit hospitals

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More than 1,900 non-profit hospitals received more in tax breaks than they spent on community investments and financial assistance, according to an analysis from the Lown Institute. The Lown Institute...

VisiQuate, MedeAnalytics top revenue cycle analytics rankings

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Many healthcare organizations use a third-party revenue cycle analytics solution in lieu of or next to their EHR system’s offering. A recent KLAS report found that leaders are most impressed by...

Little progress made with hospital price transparency compliance

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Hospitals have made little progress with implementing federal price transparency requirements that took effect in 2021. The latest semi-annual “Hospital Price Transparency Report” from...

Lower reimbursement rates, denials behind razor-thin margins

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Hospitals and health systems are operating on razor-thin margins as reimbursement rates and denials create financial woes, a new survey indicates. The survey conducted by the Healthcare Financial...

Trauma center hospitals charged above-market prices for non-trauma care

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Hospitals designated as trauma centers charged higher prices for non-trauma inpatient admissions and emergency department visits compared to non-trauma center hospitals, a Health Affairs study...

Medical Debt Associated With Worse Population Health, Higher Mortality

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Medical debt was associated with worse population health, including poor physical and mental health and higher mortality rates, a study published in JAMA Network Open indicated. Medical debt can force...

PE Practice Ownership Raises Concerns About Competition

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It is well known that private equity (PE) firms have invested heavily in physician practices, but a new study sheds light on how these practice acquisitions could impact competition in many areas. The...

January Hospital Margins Dip, But Overall Finances Remain Stable

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Hospital margins in January were down slightly from December 2023, but finances are more stable compared to previous years, according to a report from Kaufman Hall. The latest edition of the National...

Non-Profit Health Systems Need Positive Margins

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Non-profit health systems receive a lot of scrutiny because of their tax status, with some critics accusing systems of valuing revenue over patient care. However, a new report from Deloitte makes the...

Patient Collection Rate Falls to Nearly 48%

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Healthcare organizations are finding it harder to collect patient financial responsibility, a new analysis from Kodiak Solutions indicates. The analysis of patient financial transactions from over...

R1 RCM May Go Private After $5.8B Private Equity Offer

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R1 RCM has received an offer from private equity firm New Mountain Capital that would prompt the revenue cycle management vendor to go private, according to a regulatory filing. New Mountain Capital...

What Ambulatory Providers Look for in Revenue Cycle Management Vendors

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When outsourcing revenue cycle management services, ambulatory provider organizations want vendors that excel in communicating, have adequate expertise, and can successfully educate clients, a KLAS...

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