Practice Management News

Hospital Finances Suffered as Margins, Revenue Declined in July

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After experiencing slight recovery during the first half of the year, hospital finances suffered in July 2022 as health systems saw low operating margins and revenue decreases, according to a report...

When Cutting Healthcare Spending, MA Pulls Ahead of Medicare ACOs

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Average spending on Medicare beneficiaries enrolled in Medicare Advantage (MA) plans was much lower compared to the same metric of spending for beneficiaries attributed to a Medicare ACO, according to...

AHA: High Hospital Costs Stem from Increased Patient Acuity

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Rising patient acuity due to delayed healthcare during the COVID-19 pandemic has contributed to significant growth in hospital costs, according to a report from the American Hospital Association...

With More Chronic Disease Comes More Medical Debt

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Patients with chronic diseases face higher amounts of medical debt and are more likely to face adverse financial outcomes compared to patients with no chronic disease or just one diagnosis, according...

CMS Offers Provider Resources for Public Health Emergency Ending

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CMS has released guidance to help healthcare providers prepare for the eventual end of the COVID-19 public health emergency (PHE) and the accompanying waivers and flexibilities. When the pandemic hit,...

Locum Tenens Physicians Help Hospitals Address Staffing Shortages

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Hospitals are increasingly utilizing locum tenens physicians, advanced practice providers (APPs), and telehealth services to address staffing shortages, according to a report from LocumTenens.com. The...

High Out-of-Pocket Costs Led to Low Patient Collection Rates

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Patient collection rates at hospitals declined and bad debt increased when out-of-pocket bills reached $7,500, according to a report from Crowe Revenue Cycle Analytics (Crowe RCA). The report reflects...

COVID-19 Diagnosis Leads to More Healthcare Utilization Later

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Healthcare utilization goes up for patients who receive positive COVID-19 results because of post-COVID-19 conditions, according to a recent study. The study published in JAMA Network Open earlier...

Cancer Centers Fail to Comply with Hospital Price Transparency Rule

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Less than one-third of hospitals with National Cancer Institute (NCI) cancer center designation were fully compliant with the CMS hospital price transparency rule, according to research published in...

Out-of-Pocket Healthcare Spending Increased Leading Up to Pandemic

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The share of out-of-pocket healthcare spending for patients with employer-sponsored health coverage increased by nearly 2 percent between 2013 and 2019, according to an issue brief from the Employee...

Hospital Price Transparency Compliance Lags Nearly 20 Months Later

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Just 16 percent of 2,000 hospitals reviewed as part of PatientsRightsAdvocate.org’s Semi-Annual Hospital Price Transparency Report are complying with the regulation requiring all hospitals...

Hospitals, Physician Practices Saw High Expenses, Revenues in June

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Hospitals, health systems, and physician practices saw rising revenues and patient volumes in June 2022, but it was not enough to offset the continuously high expenses, leading to negative margins for...

Coding Drives Up Medical Billing Costs in the US

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Complex coding structures in the US are driving up medical billing costs in the US, making it one of the most expensive countries to get paid, according to a new study. The study published in Health...

340B Hospitals Treated High Shares of Underserved Populations

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Compared to non-340B hospitals, 340B hospitals provided care for a higher share of historically underserved populations, including dual eligible beneficiaries, people with disabilities, and Black...

National Healthcare Spending Declines for First Time in 60 Years

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National healthcare spending has declined for the first time in 60 years in the first quarter of 2022, with the country seeing a 1.7 percent year-over-year decrease, a research brief from Altarum...

Nursing Home Staffing Challenges Worse During COVID-19 Outbreaks

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Nursing homes experienced significant staffing challenges during and after severe COVID-19 outbreaks due to temporary absences and permanent departures from workers, according to a study published in...

How Healthcare Spending, Utilization Varies by Payer, Region

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There is substantial variation and low correlation in healthcare spending across Medicare, Medicaid, and private insurance plans within different US regions, a study published in JAMA Network Open...

340B DSH Hospitals Provided $41B in Uncompensated Care in 2020

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Despite experiencing negative operating margins, 340B disproportionate share (DSH) hospitals provided 67 percent of all uncompensated care in 2020, according to a report from 340B Health and...

Most Consumers Look to Payers for Healthcare Price Transparency

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Not many consumers are asking how much healthcare services cost but among those who do, they are seeking answers primarily from their insurance companies, according to a new poll on healthcare price...

Minimum Staffing Requirements Could Cost Nursing Homes $10B Annually

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Nursing homes would have to spend up to $10 billion per year and hire almost 188,000 nurses to comply with increased minimum staffing requirements, according to a report from the American Health Care...