Practice Management News

More Hospitals Complying With Price Transparency Rule Requirements

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Almost two-thirds of hospitals are complying with hospital price transparency rule requirements and have published machine-readable files with negotiated rates or cash rates, according to Turquoise...

OR Nonprofits Impede Patient Access to Financial Assistance Programs

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Oregon nonprofit health systems are failing to comply with state laws and engaging in practices that make it difficult for patients to access financial assistance programs and avoid medical debt, a...

Rapid Recovery Unlikely as Hospitals Face Worst Financial Year Yet

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Hospitals will need to take drastic cost-cutting measures to stabilize balance sheets after one of the worst financial years in decades, according to economists from Johns Hopkins. Those measures may...

Consumers are Unaware of Available Financial Assistance for Medical Bills

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Almost two-thirds of consumers do not know if their physicians or hospitals offer financial resources such as payment plans or financial assistance programs to help cover medical bills, according to a...

AHA: Metropolitan Anchor Hospitals Serve More Vulnerable Populations

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Metropolitan Anchor Hospitals (MAHs), which serve low-income and marginalized urban populations, offer a disproportionately high share of uncompensated care and have lower operating margins compared to...

85% of Facilities Are Facing Allied Healthcare Professional Shortages

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More than eight in ten healthcare facilities are experiencing allied healthcare professional shortages, leading them to increase hiring incentives and employ newly graduated professionals, according to...

KLAS Rates Provider Credentialing Solution Efficiency

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Healthcare organizations have tapped vendors for provider credentialing solutions to increase efficiency, but not all companies are created equal, a new KLAS report suggests. “Credentialing...

Revenue Cycle Management Software Investments On The Rise

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Healthcare providers are doubling down on software investments and they are putting their money on revenue cycle management solutions to address key challenges, according to a new report from KLAS and...

Hospitals Increase Recruitment Strategies Amid Workforce Shortages

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Hospitals and health systems have increased their recruitment and retention strategies as workforce shortages and high expenses continue to be top challenges in 2022, according to a report from Kaufman...

Healthcare Merger and Acquisition Revenues Totaled $8.3B in Q3 2022

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Healthcare merger and acquisition activity was low in the third quarter of 2022, with just ten transactions generating $8.3 billion in revenue, according to Kaufman Hall’s latest M&A...

Practices Most Frustrated With Prior Auths, Then No Surprises Act

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Prior authorizations are still the top regulatory burden according to executives from group practices, while No Surprises Act compliance has debuted on the list this year as the second most burdensome...

Beaumont, Spectrum Merged Hospital System Rebrands to Corewell Health

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The merged hospital system between Beaumont Health and Spectrum Health, formerly known as BHSH System, will now be called Corewell Health, the health system announced. Beaumont Health and Spectrum...

Most Healthcare Consumers Do Not Research Pricing Options in Advance

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Most healthcare consumers do not typically research different pricing options before receiving healthcare services, indicating the need for greater price transparency, according to a survey from...

Analysis: COVID-19 Booster Campaign Could Save $44B in Healthcare Spending

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A COVID-19 boost vaccination campaign could seriously impact potential healthcare spending this fall and winter, according to a new analysis from the Commonwealth Fund. The private think tank recently...

Hospital Margins Remained Negative in August Despite Revenue Increases

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Health system finances will likely remain unstable for the rest of the year, as rising patient volumes and revenues were not enough to offset negative hospital margins in August 2022, according to a...

Most Nonprofit Hospitals Updated Charity Care Policies During Pandemic

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Nonprofit hospitals were more likely to make positive changes to their charity care policies rather than restrictive updates during the COVID-19 pandemic, according to a study published in JAMA Network...

Biden Administration Releases Data on Nursing Home Ownership

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The Biden-Harris Administration has released additional Medicare nursing home ownership data to help boost nursing home transparency, safety and quality, and accountability. The publicly available...

Inflation, Labor Costs Will Increase Healthcare Spending by $370B

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Inflation and rising labor costs will increase US national healthcare spending by $370 billion in the next five years, according to a McKinsey report. Consumer prices are rising faster than healthcare...

Hospital Expenses Have Increased 23% in Less Than a Decade

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Hospital expenses have increased 23 percent since 2016, a spike researchers attributed to continuous COVID-19 challenges, according to a recent analysis from QuoteWizard.  By...

Physician-Led Hospitals Advance Care Quality, Market Competition

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Physician-led hospitals improve care quality and lower patient costs by driving market competition, making them an effective option to combat healthcare consolidation, according to a study conducted by...