Practice Management News

Private Equity Acquisitions Improved Hospital Financial Performance

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Hospitals saw higher operating margins, decreases in costs per adjusted discharges, and increased inpatient utilization following private equity acquisitions, according to a Health Affairs study sent...

Hospital Operating Margins Still Negative After Omicron Surge

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As COVID-19 cases and hospitalizations decreased, hospitals and health systems experienced temporary expense relief in February 2022, but operating margins were still negative and gross operating...

Consumers Faced Surprise Medical Bills, Payment Struggles in 2021

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The majority of consumers faced surprise medical bills in 2021 and expressed concern about financial hardships due to outstanding healthcare costs, InstaMed’s 12th annual Trends in Healthcare...

AHA Requests Additional COVID-19 Financial Support from Congress

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The American Hospital Association (AHA) has urged Congress to provide hospitals and health systems with additional COVID-19 financial support, including more Provider Relief Funds and an extension on...

Mass Hospitals Offered Low Charity Care Despite High 340B Revenue

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Hospitals have seen stark increases in revenue generated from the 340B drug pricing program, but Massachusetts hospitals had low levels of charity care, indicating that the health systems are pocketing...

70% of Medical Collection Debt Will Leave Consumer Credit Reports

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Three nationwide credit reporting agencies have announced that they will remove nearly 70 percent of medical collection debt tradelines from consumer credit reports to help ease the burden that...

Revenue Cycle Management Leaders Need Registrars, Billing Specialists

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Frontline healthcare workers are not the only ones facing staffing shortages. Registrars, billing specialists, and patient follow-up staff were the most in-demand revenue cycle management positions for...

Burnout, Stress Fuel Nurse Staffing Shortage, Turnover Rates

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Over a third of nurses plan to quit their current position by the end of 2022, citing burnout, stressful environments, and compensation as reasons for wanting to leave, according to a report from...

Poor Compensation Spurred Pharmacy Technician Staffing Shortages in 2021

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Hospitals and health systems are grappling with pharmacy technician staffing shortages due to staff frustrations with heavy workloads and poor compensation, according to two surveys conducted by the...

Healthcare Tech Company Launches Online Price Transparency Tool

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A healthcare technology company has launched an online price transparency tool that allows consumers to compare hospital costs before seeking care. Turquoise Health’s Price Transparency...

Daily Variation in Nursing Home Staffing Led to Poorer Clinical Quality

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Daily variation in nursing home staffing was associated with poorer clinical quality in Medicare and Medicaid-certified nursing homes, suggesting that reporting staffing variation could help provide...

Sutter Health Receives Jury Support in Antitrust Class Action

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A federal jury has sided with Sutter Health in an antitrust class action lawsuit in which plaintiffs claimed that the health system drove up insurance premiums through anticompetitive tactics, Reuters...

Medical Liability Insurance Premiums Continued to Increase in 2021

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Nearly 30 percent of medical liability insurance premiums increased in 2021, continuing the trend of rising premiums that medical practices have been seeing since 2019, a report from the American...

WEDI Voices Concerns About Good Faith Estimates Implementation

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The Workgroup for Electronic Data Interchange (WEDI) expressed concerns to CMS regarding the good faith estimates policy under the No surprises Act and the problems it causes for providers and patients...

How Nonprofit Hospitals, Health Systems Compensate Executives

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Nonprofit hospitals and health systems are a staple to the US healthcare industry. These facilities are funded mainly by charity, religion, or research and educational funds. Nonprofit health systems...

AHA: Good Faith Estimates Create Administrative Burden for Hospitals

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The American Hospital Association (AHA) has asked CMS to adjust the good faith estimates policy under the No Surprises Act, citing the accompanying administrative burden and operational inefficiencies...

AMA Framework to Help Orgs Invest in, Advance Health Equity

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The American Medical Association (AMA) is seeking to advance health equity through an initiative that provides participating healthcare organizations with an investment framework that prioritizes the...

Northwell Health to Use AI, NLP to Improve Revenue Cycle Management

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Northwell Health has signed a ten-year agreement with an artificial intelligence company to improve its revenue cycle management processes through natural language processing. The healthcare provider...

PCP Turnover, Burnout Generated $979M in Excess Healthcare Spending

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Primary care physician turnover, triggered in part by clinician burnout, led to around $979 million in excess healthcare spending, according to a study published in Mayo Clinic Proceedings. Care...

Credit Reports Showed $88B in Past-Due Medical Debts in 2021

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Consumer credit reports disclosed around $88 billion in past-due medical debt in 2021, underscoring the burden of healthcare costs and the barriers individuals face in the wake of high medical...