Practice Management News

AHA: Financial Challenges Continue as Hospital Expenses Rise

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The rising costs of care are creating persistent financial challenges for hospitals and health systems, with hospital expenses growing faster than Medicare reimbursement over the last four years,...

Price Transparency Rule Compliance is Growing But Needs More Oversight

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More than two years after the hospital price transparency rule went into effect, provider compliance is increasing, according to a report from Turquoise Health. The software company’s Price...

Revenue Cycle Leaders Spend the Most Time on Denials Management

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Denials management and prior authorization are the most time-consuming revenue cycle management tasks for healthcare financial leaders, a survey commissioned by the healthcare operations company AKASA...

Physician Compensation Rises 17% Since 2018 as Shortages Persist

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Physician compensation is on the rise as healthcare organizations confront persistent clinician shortages and record levels of burnout. The “Medscape Physician Compensation Report 2023”...

900K Registered Nurses Expected to Leave Workforce by 2027

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After losing 100,000 registered nurses during the COVID-19 pandemic, the nursing workforce is expected to lose an additional 900,000 workers by 2027, according to research from the National Council of...

Froedtert Health, ThedaCare Announce Merger Plans

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Froedtert Health and ThedaCare have signed a letter of intent to merge in hopes of creating a roughly $5 billion health system with 18 hospitals in Wisconsin. The two Wisconsin-based non-profit health...

Q1 2023 Healthcare Merger and Acquisition Activity Generated $12.4B

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Healthcare merger and acquisition activity generated $12.4 billion in the first quarter of 2023, marking a significant year-over-year increase, according to a Kaufman Hall report. The M&A...

Hospital, Registered Nurse Turnover Rates Remained High in 2022

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While healthcare employment is slowly bouncing back from the COVID-19 pandemic, the registered nurse (RN) turnover rate in 2022 was 22.5 percent, resulting in hospitals losing millions of dollars,...

Tax Breaks Exceeded Charity Care Spending for Nonprofit Hospitals

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Nonprofit hospitals received more in tax breaks than they spent on charity care in 2020, with the combined fair share deficit totaling $14.2 billion, according to a report from the Lown Institute. The...

61% of Providers Plan to Outsource Revenue Cycle Management Tasks

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As staffing shortages and financial challenges persist, healthcare providers are increasingly considering outsourcing revenue cycle management processes, according to a study from CWH Advisors and...

Clinician-Owned Practices Improve Quality Without the Burnout

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Workplace cultural and structural factors in clinician-owned practices that result in lower levels of staff burnout may also enable quality of care improvements, according to a recent study in JAMA...

KLAS: Healthcare Orgs Satisfied with Eligibility, Enrollment Services

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Healthcare organizations are generally satisfied with their vendor partners that provide eligibility and enrollment services, but there is room for firms to improve their staff quality, charging...

How Do Rural Hospitals Survive When Facing Financial Instability?

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As rural hospitals face financial instability, many facilities have persevered and remained open on their own, while others have experienced mergers or closures, a study published in Health Affairs...

Hospital Chargemaster Heavily Influences Cash Prices, Payer Rates

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While neither patients nor payers typically pay what hospitals charge for services, a new Health Affairs study finds that those hospital chargemaster rates still matter. Researchers at Johns Hopkins...

More Hospital CEOs Are Leaving Their Posts

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Hospital chief executive officers (CEOs) are stepping down or leaving their positions more than last year, according to the latest data from global outplacement and business and executive coaching firm...

Hospital Margins Still Negative, But Finances See Some Stability

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Hospital finances are seeing signs of stability after years of unpredictable ups and downs during the COVID-19 pandemic, according to Kaufman Hall’s latest “National Hospital Flash...

Healthcare Employment, Spending Continues to Grow in 2023

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Healthcare employment has continued its steady growth in 2023, with the industry adding 44,200 jobs in February, according to Altarum’s March Health Sector Economic Indicators briefs. Healthcare...

Physician Compensation Fell, Gender Pay Gap Persisted in 2022

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Economic challenges for healthcare workers continued in 2022, as the average physician compensation fell by 2.4 percent and the gender pay gap persisted, according to a report from Doximity. The...

Hospitals Ask Lawmakers for Well-Being, Workplace Safety Support

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Hospitals and health systems are facing a staffing emergency, the American Hospital Association (AHA) said in response to a Senate Health, Education, Labor & Pensions (HELP) Committee Request for...

Two-Thirds of Patients Have Never Challenged a Medical Bill’s Accuracy

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Nearly two-thirds of patients have never challenged a medical bill, but among those who have, most charges were reduced or removed, according to a survey conducted by AKASA on behalf of YouGov. The...