Healthcare Revenue Cycle Management, ICD-10, Claims Reimbursement, Medicare, Medicaid

Practice Management News

Less Than a Third of Docs Owned Independent Practices in 2018

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Physicians are continuing to flock to hospital employment models rather than take on a private, independent practice, according to a new survey. Only about 31.4 percent of physicians identified as independent practice owners or partners...

Physician Compensation Increased for Just 37% of Docs in 2017

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Average annual physician compensation for most specialties remained relatively flat from 2016 to 2017, leading to mediocre income satisfaction rates among physicians, the second annual PracticeMatch survey uncovered. Only 37 percent of...

13% of People Live in an Area with a Primary Care Physician Shortage

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Approximately 13 percent of US residents, or 44 million individuals, live in a county with a primary care physician shortage, according to new data from UnitedHealth Group. The primary care physician shortage impacts all types of...

3 Patient Collections Best Practices to Boost the Bottom Line

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Patient financial responsibility is steadily climbing, accounting for a greater portion of healthcare revenue. With patients shifting a provider’s revenue sources, hospitals and practices alike must implement internal patient...

Hospital Markups Drive Prescription Drug Spending, PhRMA Says

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Prescription drug spending is rising because approximately 83 percent of hospitals charge patients and payers more than double the acquisition cost for medications, according to a recent analysis by the Moran Company for the Pharmaceutical...

Hospitals Create Drug Company to Combat Drug Shortages, Prices

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Seven health systems are stepping up to the plate to tackle two of the healthcare industry’s most pressing challenges: drug shortages and rising prescription drug rates. Catholic Health Initiatives, HCA Healthcare, Intermountain...

Bon Secours, Mercy Health Finalize Hospital Merger After 6 Months

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Mercy Health of Ohio and Maryland-based Bon Secours Health System recently announced the completion of their hospital merger deal establishing one of the largest hospital chains and Catholic health systems in the country. In what the...

Hospital Financial Performance Lags with Revenue Cycle Outsourcing

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Revenue cycle outsourcing may not be the financial answer hospitals are looking for, according to a recent analysis from the public accounting, consulting, and technology firm Crowe. The analysis of data from more than 1,000 hospitals...

Docs Could Avoid 34% of Out-of-Network Patient Referrals with Data

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Providers recognize the importance of making in-network referrals for care coordination and patient retention. However, 79 percent of physicians still refer patients to other providers outside their health system’s network, a new...

Shift Admin, QGenda Top Physician Scheduling Vendors, KLAS Reports

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Shift Admin and QGenda are the physician scheduling vendors giving provider organizations their money’s worth for the time saved using the solution, KLAS recently reported. In a series of interviews with over 200 healthcare...

CFOs Expect Higher Hospital Labor Costs As Staffing Shortages Loom

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About 78 percent of healthcare finance leaders expect hospital labor costs to grow in the next 12 months as the industry faces a worsening shortage of healthcare professionals, a new survey shows. The survey of over 100 CFOs and...

Using Text Messages to Improve Healthcare Recruitment, Employment

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Getting qualified healthcare professionals in the door for interviews as quickly as possible is paramount for provider organizations facing a competitive healthcare recruitment and employment market. The healthcare industry is in the...

Providers Prefer Manual Nurse Scheduling Over Predictive Analytics

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Despite vendors offering predictive analytics and machine learning to support staff and nurse scheduling, provider organizations prefer manually developing their work schedules, a new KLAS report shows. The survey of executives,...

Group Purchasing Saves Hospitals Up to 18% of Supply Chain Costs

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Group purchasing organizations (GPOs) are saving hospitals and other healthcare facilities between 10 to 18 percent, a new report revealed. The Healthcare Supply Chain Association’s (HSCA) second annual report on GPO value found...

Medical Practices to Focus on Staff, Patient Retention, MGMA Finds

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Medical practices are putting staff and patient retention efforts on the top of their priority lists, a new report from the Medical Group Management Association (MGMA) showed. MGMA’s “2018 MGMA DataDive Practice...

Hospital Mergers Produce Modest Healthcare Supply Chain Savings

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Hospitals only save approximately 1.5 percent annually on common expenses in the healthcare supply chain after a hospital merger, new research shows. The new working paper from the National Bureau of Economic Research found that actual...

Healthcare Costs, Affordability A Major Challenge for Patients

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According to several new studies, Americans are struggling with rising healthcare costs and paying for their patient financial responsibility, which could spell trouble for providers trying to collect revenue that is owed to...

KLAS: Business Intelligence Use Varies, Epic Systems Leads Adoption

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Health IT giant Epic Systems has the deepest adoption of healthcare business intelligence solutions, but healthcare organizations are also increasingly seeking the advanced data analytics tools offered by Jvion, HBI Solutions, and other...

MI Hospital System Pays $84.5M to Resolve Healthcare Fraud Claims

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A regional hospital system in the Detroit, Michigan area agreed to pay the federal government over $84 million to resolve allegations that the system violated the Anti-Kickback Statute and the physician-self referral law. The federal...

Paperless Medical Billing Key to Boosting Patient Collections

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In the age of smartphones, tablets, and other technologies that put information literally in the palm of our hands, why do doctors still rely on paper to reach their patients for medical billing purposes? That was the question Max...

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