Practice Management News

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...

Healthcare Worker Unemployment, Clinician Burnout Rose During Pandemic

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Healthcare workers saw a relatively small increase in unemployment rates during the COVID-19 pandemic but experienced more clinician burnout, according to two studies published in JAMA and JAMA Network...

US Rep. Urges HHS to Investigate Medicare Fraud Scheme by HCA

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US Representative Bill Pascrell, Jr. (D-NJ-09), Chairman of the House Ways and Means Subcommittee on Oversight, has asked HHS to investigate a possible billion-dollar Medicare fraud scheme committed by...

New Paper Claims Hospital Prices Are “Bleeding Americans Dry”

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A new paper from the patient advocacy group Families USA is taking aim at hospitals and health systems. The report claims that high hospital prices are “bleeding Americans dry” as these...

Over Half of Hospitals to Have Negative Margins Through 2022

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2022 is shaping up to be the most financially difficult year for hospitals and health systems since the start of the pandemic, according to the American Hospital Association (AHA). A new report...

Automating Revenue Cycle Operations Can Reduce Cost-to-Collect

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Using automation for revenue cycle operations could lower hospital and health systems’ cost-to-collect by 0.25 percent, according to a survey from the Healthcare Financial Management Association...

Uninsured Rate Falling as Public Coverage Increases

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It stands to reason that providers are treating more patients with health insurance. A new report from the US Census Bureau shows that the percentage of people covered by some type of health insurance...

Low Reimbursement, Staffing Shortages Lead to Rural Hospital Closures

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Low reimbursement rates, staffing shortages, low patient volumes, and regulatory barriers are some of the root causes of rural hospital closures, the American Hospital Association (AHA) explains in a...

Physician Practice Costs Grew 20% After Private Equity Acquisition

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Private equity acquisition of physician practices in dermatology, gastroenterology, and ophthalmology was associated with increased healthcare spending and utilization, according to a study published...

MGMA Calls for Prior Authorization Reform in Medicare Advantage

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The Medical Group Management Association (MGMA) has urged CMS to implement policies that support prior authorization reform and value-based care contracts within the Medicare Advantage program. MGMA...

FTC Urges States to Repeal COPA Laws, Prevent Illegal Hospital Mergers

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The Federal Trade Commission (FTC) has urged state lawmakers to repeal Certificate of Public Advantage (COPA) laws, asserting that the agreements allow otherwise illegal hospital mergers to bypass...

Healthcare Executives Concerned About Supply Chain Issues, Cyberattacks

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Healthcare executives see cyberattacks, supply chain disruptions, and tax policy changes as the top risks of 2022, according to a report from PwC. The PwC Pulse: Managing Business Risks report...

Expanding Substance Use Disorder Coverage Would Cost Medicare $362M

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Adding Medicare coverage for substance use disorder (SUD) services for residential programs, intensive outpatient programs, and licensed and certified counselors would cost Medicare $362 million...

Home-Based Cardiac Care Led to Fewer Subsequent Hospitalizations

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Home-based cardiac care led to fewer hospitalizations and better clinical outcomes for patients compared to care received in a hospital setting, according to a study published in JAMA Network...