Practice Management News

3 Areas That Will Impact Provider Profit Margins Post-COVID

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Healthcare providers faced a rough couple of years as the COVID-19 pandemic dampened financial growth, but the post-pandemic future should create a favorable environment for provider profit margins,...

Physician Starting Salaries, Demand Rebounded from COVID-19 Lows

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Physician starting salaries have rebounded from the first year of the COVID-19 pandemic, with orthopedic surgeons being offered the highest average starting salary of $565,000, according to a report...

Increase in Healthcare Spending Yielded Better Health Outcomes

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Overall, the increase in healthcare spending in the US between 1996 and 2016 led to improved health outcomes, but healthcare spending effectiveness varied across the top 34 causes with high spending or...

Pregnancy Care, Childbirth Led to $19K More in Healthcare Costs

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Pregnant women enrolled in large group health plans incurred almost $19,000 more in healthcare costs and spent nearly $3,000 more in out-of-pocket expenses than those who did not give birth, a...

Healthcare Merger and Acquisition Activity Generates $19B in Q2 2022

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Healthcare merger and acquisition revenue hit a record high in the second quarter of 2022, with 13 transactions generating $19.2 billion, according to the latest edition of Kaufman Hall’s M&A...

How Hospital Affiliation Impacts Risk of Closure for Rural Hospitals

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Hospital affiliation was associated with a lower risk of closure for financially distressed rural hospitals but there was a higher closure risk for financially stable hospitals, according to a study...

Healthcare Revenue Falling Short of 2022 Goals for Many Providers

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Most provider organizations are behind their 2022 healthcare revenue goals, according to a recent survey of health system and physician group finance leaders. Revenue cycle management technology...

Provider Compensation, Productivity Increased to Pre-Pandemic Levels

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Provider compensation and productivity increased in 2021, signaling a potential return to pre-pandemic levels, according to the American Medical Group Association’s (AMGA) Medical Group...

Rising Expenses Continue to Hurt Health System, Hospital Finances

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Despite seeing minor improvements in revenue and patient volumes, health system and hospital finances were hurting in May 2022 due to rising expenses and negative operating margins, Kaufman...

Hospital Price Transparency Higher in Less Competitive Markets

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Hospitals with greater market shares and those in less competitive regions had higher compliance with the payer-specific negotiated prices requirement of the hospital price transparency rule, according...

Health Inequity Leads to $320B in Unnecessary Healthcare Spending

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Health inequities account for around $320 billion in annual healthcare spending, a figure that could reach $1 trillion by 2040 if stakeholders do not act accordingly, according to data from...

AHA Shares Strategies for Addressing Healthcare Workforce Challenges

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The American Hospital Association (AHA) has released the first of three reports detailing how hospital and health system leaders can help address healthcare workforce challenges by supporting worker...

Cerner Patient Accounting Software Receives Mixed Reviews

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Customer satisfaction for Cerner’s Soarian Financials patient accounting software is low, with concerns worsening after the announcement of Cerner’s new RevElate product, according to a...

Private Capital Investments May Help Sustain Skilled Nursing Facilities

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Skilled nursing facilities need private capital investments to support innovation that will allow them to continue providing care to older adults, according to an ATI Advisory analysis commissioned by...

Two Healthcare Mergers Abandoned Following Pushback from FTC

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Pushback from the Federal Trade Commission (FTC) has led to the termination of two proposed healthcare mergers, one in New Jersey and the other in Utah. At the beginning of June, FTC filed complaints...

Medical Debt Plagues 41% of Americans, KFF Survey Finds

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Four in ten adults have medical debt, with nearly half owing $2,500 or more, according to research from the Kaiser Family Foundation (KFF). The KFF Health Care Debt Survey reflects responses from...

ChristianaCare Signs Merger Agreement to Acquire Jennersville Hospital

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ChristianaCare has signed a healthcare merger agreement to acquire Tower Health’s Jennersville Hospital and reopen the location, which has been closed since December 2021. The purchase includes...

Clinical Waste Accounts for Up to 15% of All Healthcare Spending

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Clinical waste, including failures of care delivery, failures of care coordination, and overtreatment, accounts for up to 15.7 percent of all healthcare spending in the United States, according to a...

AHA Supports Bill to Increase Oversight of Travel Nursing Agencies

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The American Hospital Association (AHA) has expressed support for a new bill that would direct the Government Accountability Office (GAO) to increase surveillance of travel nursing agencies and their...