Accounting & Financial Management
Use was disproportionately low across all hospital types, suggesting there's more hospitals could be doing to get more people to use the record.
Focusing on a better patient financial experience, broadening the vision to include the outpatient sector and the inevitable insurgence of AI are all coming and can go a long way to bolster the bottom line.
AMA Washington Counsel Paul Westfall says systems need controls, policies and procedures and digital health requires strict technical oversight.
In Part 2 of our series on the hospital mergers, a look at the common problems and advice about how to sidestep them.
Cost-cutting initiatives, however, will help slow the growth of expenses, offering a glimmer of hope for the sector, Moody's says.
Case study: Revised paper statements and new digital patient portal drove a 38% improvement in self-pay collections, a 21% reduction in cost-per-dollar collected and patient satisfaction rose from 28% to more than 50%.
Financial trust was high for about half of the CIOs surveyed, but most said they want to make changes, especially in how the data is accessed.
Colorado has the highest prices in the six regions studied, while Maryland came in well below the average.
Quorum ended the first nine months of 2018 with a net loss of $179.5 million, compared to an $87.4 million net loss in the same period last year.
Tenet adjusts its outlook for 2018, now forecasting expected net income of $84 million to $144 million, the system says.