Revenue Cycle Management
A report released last month by the California HealthCare Foundation found that total and operating margins in the state's hospitals were higher than they have been in the past nine years -- 5.1 percent and 3.1 percent respectively. But looking beyond those two basic numbers, hospitals are working on razor-thin margins.
The more than 300 Practice Management Software vendors in the United States help practices – that range in size from individual doctors to multi-office groups made up of thousands of healthcare professionals – manage their most important operations, both clinically and financially.
While the nation's healthcare costs continue to drain the economy, several forward thinking provider organizations are finding ways to turn the situation around with carefully thought out telemed programs. A recent report from the Commonwealth Fund highlights the cost effective approaches used by three "model citizens."
On Valentine's Day, it's either joy or heartbreak -- and for CFOs of hospitals, it's no different. John McCarthy, general manager of asset management at GE Healthcare, consults CFOs nationwide and has witnessed the heartbreak of CFOs. For Healthcare Finance News, he outlines the heartbreak he's seen first hand.
Rural hospitals are girding for harsh impacts from a 2 percent decrease in Medicare reimbursements under federal spending sequestration, set to take effect in March, by taking advantage of how they already operate, a new report suggests.
For some healthcare systems, the conversion from ICD-9 to ICD-10 may seem like the latest Y2K problem -- fail to get it right and the consequences could be fatal. So many organizations are being cautious by developing hold harmless clauses to protect against any consequences of errors with the new conversion.
The Cleveland Clinic and VHA have formed a joint venture that the companies say will transform the traditional group purchasing approach.
As doctors weigh whether to stay in their practices or become employed in a group practice or at a hospital, they're increasingly looking to alternative business models in order to remain -- and thrive.
Hennepin County, Minnesota, is getting better outcomes with lower costs in a high-cost segment of its Medicaid population by being flexible and more targeted in meeting the needs of these patients learned an audience at the National Health Policy Conference Tuesday.
Emergency medicine has been plagued in recent years with problems like physician shortages and diversion, or turning away ambulances because of overcrowding. One solution being used in many areas to reduce congestion and cut costs is the employment of nurse practitioners.