Accounting & Financial Management
The Obama Administration released its proposed federal budget for fiscal year 2015 this week. Virtually all types of healthcare providers, health plans, and drug manufacturers would be impacted by the budget provisions if adopted as proposed - although that is an unlikely scenario.
The Obama Administration recovered a record $4.3 billion last year from fraudsters trying to dupe federal health programs, or those who sought payments to which they were not entitled.
The price of an initial inpatient stay explains almost all of the wide spending variation from hospital to hospital on episodes of care, such as for knee or hip replacements, the National Institute for Health Care Reform has found.
Healthcare is one of the last bastions of consumer-unfriendly billing and pricing. As individuals start to take on more responsibility for premiums, deductibles and co-pays, they are increasingly demanding more transparency. And providers will be forced to respond.
Tenet Healthcare Corp., the nation's third largest for-profit hospital operator, said Tuesday it expects 15 percent of its uninsured patients to get covered this year as a result of the Affordable Care Act.
Business intelligence software can turn your life around - or ruin it. It all depends on how carefully you choose and how well you fold these tools into your overall strategic plan.
The Department of Justice announced Tuesday that False Claims Act recoveries in 2012 set records, including for healthcare recoveries, which topped $3 billion.
Studies have illustrated the potential benefits of EHR adoption, such as improvement in the clinical care process and the overall patient experience. EHR implementation, however, can also have a significant impact on operational efficiencies, creating opportunities for healthcare organizations to leverage the same workflow automation capabilities to improve a number of cumbersome administrative processes to drive bottom line improvement.
As healthcare organizations prepare for the ICD-10 conversion, everyone knows there will be challenges. And while much of the focus has been on the difficulties of hands-on implementation, financial managers are not likely to make it through unscathed.
Former chief financial officer of HealthSouth, Aaron Beam, was flying high until he became involved in an accounting fraud that would send him to jail and offer him a mission: warning others of the ethical dangers of wealth and success.