Accounting & Financial Management
Where once healthcare CFOs were essentially entrusted with overseeing the nuts and bolts of finance and accounting, today their roles have been dramatically transformed.
Atlanta's Emory Healthcare will partner with payment financing firm CarePayment to create a flexible payment system as patients continue to be stretched thin by rising deductibles and out-of-pocket expenses.
More healthcare providers are outsourcing end-to-end revenue cycle management amid the change to value-based payment models, a new survey shows. Experts predict the market for RCM outsourcing will approach $10 billion by 2016.
Dr. Oliver Korshin, a 71-year-old ophthalmologist in Anchorage, is not happy about the federal government's plan to have all physicians use electronic medical records or face a Medicare penalty.
Collaboration with university-based business schools can bring a new perspective to hospital and health system problems, especially when trying to introduce new thinking into an organization.
The former chief financial officer of a now-closed Texas hospital is one step closer to a potential five years in federal prison after pleading guilty to wrongly claiming EHR incentive money.
As more new patients come into the healthcare system, savvy providers are seeing opportunities to develop better relationships with the hope that it will translate to greater bill collection success.
Opportunities still exist within the healthcare supply chain for improvement and greater efficiency of operations. Lately, price alignment strategies appear to be at the forefront as the newest hope for cost containment.
Although CMS paused the RAC audit program in March, hospitals must remain vigilant. The agency has promised a new round of recovery auditor contracts will be awarded before the end of 2014.
Third quarter financial results indicate that Kaiser Permanente, the giant California-based nonprofit health system, continues to gain strength.