Accounting & Financial Management
Having rolling budget forecasting, following coding guidelines and anticipating patient behavior changes will help with the coronavirus aftermath.
The funding is unlikely to fully compensate providers for the revenue hit caused by cancelled elective surgeries and by labor and PPE costs.
The data was gathered before COVID-19 began its spread across the globe, meaning the outlook for rural hospitals may yet worsen.
Because there's such a high level of uncertainty, the risk of a more severe economic impact is elevated and expenses will rise.
While not all insurers may be aware of it, prior authorizations can have detrimental downstream financial effects for hospitals and health systems.
Health plans will be responsible for data sharing and patient access in a way they're not used to. "A lot will have to go into meeting that deadline," one expert says.
Healthcare companies on Moody's list of lower-rated companies have about $41.6 billion of outstanding debt, a 28% increase in the past year.
The increasing size of healthcare deal values stemmed primarily from large buyouts, as the average deal size rose roughly 25%.
More substantive improvements occurred in Canada as compared to the U.S., suggesting recommendations work best with policy change.
The monetary figures at stake in each case varied wildly, ranging from $1,600 at the low end to $14 million at the high end.