Capital Finance
The rapid pace of change for hospitals and healthcare systems has been accelerating over the last several years.
While Connecticut's 2014-2015 budget has yet to be finalized, hospitals and healthcare systems in the state are claiming that Gov. Dannel P. Malloy's proposed cuts of more than $500 million in hospital funding over the next two years would be devastating.
With doctors across the country continually on pins and needles regarding their reimbursement rates, proponents of telemedicine and telehealth are telling doctors the technologies offer them a stable revenue stream and lifestyle options.
In order for the country's healthcare system to survive in the next few years, every healthcare provider is going to have no choice but to make innovative changes and involve patients in the care process. So said longtime health IT advocate C. Peter Waegemann, founder of the now-defunct Medical Records Institute, during a webinar Thursday.
The benefits of using electronic health records in behavioral health settings are many, but there are challenges, too, say those in the field.
As the ICD-10 deadline looms closer, many healthcare organizations are still trying to come up with the most effective communications, collaboration and testing strategies to assure implementation of the diagnostic and procedural code set change. It is important to understand how cash flow is impacted and where and how to manage other resources.
By 2014, the core operating rules will likely have a major effect on reimbursement and revenue cycle processes and, as a result, payments, according to speakers who represented the payer, provider and banking perspectives at a Tuesday session titled "The Business Side of Care" during the 2013 HIMSS Annual Conference & Exhibition.
Doctor-owned hospitals are earning many of the largest bonuses from the federal health law's new quality programs, even as the law halts their growth.
While the Great Recession has ended, it’s anything but back to business-as-usual for strategic and financial planners in the healthcare industry. The Affordable Care Act and the shift from the traditional fee-for-service payment system to an innovative fee-for-value system is seeing to that.
Administrators at Massachusetts General Hospital in Boston firmly believe that one man's trash is another man's treasure. As a result, this month the hospital is starting a pilot program that could potentially take a common hospital trash item and turn it into a bit of profit.