Practice Management News

Healthcare Bankruptcies Grew by 84% in 2022, Returning to 2020 Levels

by

The number of healthcare bankruptcies increased by 84 percent from 2021 to 2022, driven by rising costs, workforce shortages, and high interest rates, according to a report from Gibbins Advisors. The...

Healthcare Private Equity Down But Not Out, Report Finds

by

Healthcare private equity activity remained strong despite rising interest rates, high inflation, and other market factors, according to a new report from Bain & Company. During the first half of...

People Have Less Trouble Paying Medical Bills, But Concerns Remain

by

Paying medical bills has gotten a little easier for patients, according to a new report from HHS. The report released by the Centers for Disease Control and Prevention (CDC) found that the percentage...

AAMC: Gender and Racial Diversity On the Rise in US Physician Workforce

by

Data from the Association of American Medical Colleges (AAMC) detailed physician workforce trends and highlighted how gender and racial diversity are increasing among medical residents and...

Healthcare Mergers and Acquisitions Regain Momentum

by

Healthcare merger and acquisition (M&A) activity has regained momentum, ending 2022 with 53 announced transactions and more than $45 billion in total transacted revenue, reports Kaufman Hall. The...

Elective Surgeries Shifted from Inpatient to Outpatient Settings

by

Inpatient surgery utilization levels declined between 2019 and 2021, while utilization rates in outpatient settings increased, according to data from Cedar Gate Technologies. The findings reflect...

Consumers are Frustrated with Healthcare Billing Correction Process

by

Consumers are frustrated with the healthcare billing process and face challenges when it comes to identifying and solving billing errors, according to a survey from Zelis and Hanover Research. The...

Practices Experience Staffing Changes After Private Equity Acquisition

by

Private equity (PE) acquisitions of physician-owned medical practices lead to workforce composition changes, such as greater replacement of clinicians and the addition of more advanced practice...

Affordability, Labor Shortages Top Issues for Healthcare Execs

by

Confronting affordability and solving clinical labor shortages are among the top pivotal issues for healthcare executives in 2023, according to a new report from PricewaterhouseCoopers...

VillageMD Completes $8.9B Acquisition of Summit Health-CityMD

by

Editor's note: a previous version of this story incorrectly stated that the transaction's value was $8.9 million instead of $8.9 billion. VillageMD has finalized its $8.9 billion acquisition...

Financial Challenges for Health Systems Will Likely Persist in 2023

by

Hospitals and health systems will likely face another year of financial challenges in 2023 as they expect to continue grappling with inflation, staffing shortages, and low margins, according to data...

Hospital Margins Improved in November But Remained Negative

by

Hospitals’ financial performances saw slight improvements in November 2022 as expenses declined and revenue was stable, but hospital margins remained negative, according to data from Kaufman...

Orgs Need to Be More Competitive to Keep Advanced Practice Providers

by

As healthcare organizations face a workforce crisis, they have to be more competitive to attract and retain advanced practice providers, including nurse practitioners (NPs) and physician assistants...

Financial Losses, Poor Assets Driving Closure Risks for Rural Hospitals

by

More than 600 rural hospitals are at risk of closing after consistently losing money on patient services and lacking net assets to offset these losses, according to data from the Center for Healthcare...

Nurse Practitioners Have Lower Productivity than Physicians, Study Finds

by

Nurse practitioners (NPs) use more medical resources but achieve worse patient health outcomes compared to physicians, highlighting the productivity variations between the two professions, according to...

Share of Unionized Healthcare Workers Remained Low for 12 Years

by

Over the last 12 years, the share of unionized healthcare workers remained stable at 13.2 percent, with nurses, older workers, and those working full-time more likely to report being unionized,...

Exploring the Role of Supply Chain Management in Healthcare

by

Cutting healthcare costs has become a mantra for many hospitals and physician practices, especially as payers start to tie claims reimbursement amounts to quality and cost performance. Many organizations...

Providers Tap Vendors to Support Rolling Forecasting Transition

by

A new approach to healthcare financial planning is emerging. Rolling forecasting provides a more flexible approach to healthcare financial planning and analysis, especially after organizations were hit...

Physician Work Hours Declined 7.6% Over the Last Two Decades

by

While the physician workforce grew by over 30 percent in the last two decades, physician weekly work hours decreased by 7.6 percent, according to a study published in JAMA Internal Medicine. The...

KLAS: athenahealth, NextGen Lead in Practice Management Success

by

Practice management vendors athenahealth, NextGen Healthcare, and Epic ranked highest for overall satisfaction and consumer experience among healthcare practices, a KLAS report found. KLAS interviewed...