Capital Finance
Supply costs and physician and professional fees spawned an increase in total expenses to $4.1 billion for the six months ending June 30 this year, records show.
Fueling the trend are lower reimbursement rates, a shift to outpatient care and growing merger and acquisition activity.
Hospitals, on average, save about 1.5 percent per year on common expenses in the supply chain, far lower than most pre-merger estimates.
HRSA is distributing the funds to help boost the use of technology to improve efficiencies and outcomes among small hospitals.
Healthcare industry management consulting has grown from a $20 billion industry in 2016 to over $45 billion in 2017, with projections topping $53 billion in 2018, says Black Book.
Oscar says it uses technology to lower cost: More than 60 percent of member interactions with health systems are virtual.
The financing package is a hybrid of taxable and nontaxable bonds that will, among other things, reimburse the system for more than $350 million in capital projects.
As a result of divestiture activity at Tenet and other customers, Conifer's revenue decreased 3.5 percent in Q2 2018 compared to last year.
Hospitals have to align expectations and user constraints with adding new capabilities to make the most of large software expenditures.
New data from states including Tennessee and Connecticut highlight the importance of helping sustain community well being.