Accounting & Financial Management

Finance VP at Florida Hospital explains how consumer trends are impacting patient engagement efforts.

According to the nonprofit healthcare provider, operating revenue was $4.3 billion in the second quarter compared to $3.5 billion in the prior period.

It is important to both health plans and providers that the originator of an Electronic Funds Transfer (EFT) is easily and correctly identified, and that associated Electronic Remittance Advice (ERA) is sent in a timely manner, to eliminate the need for time-consuming follow-up.

A healthcare revolution is underway and a fundamental change in healthcare delivery and payment models is taking place. Only highly-integrated networks with proven care management capability will be optimally positioned to compete in the new environment.

Glenn Haggstrom presided over a medical center project in Aurora, Colorado that ballooned from an expected $328 million to more than $1.7 billion.

Some health systems are trying to help patients avoid high-cost bills altogether, by working with insurers to craft value-based plans that offer low out-of-pocket costs.

Hospital chief financial officers have indispensable business intelligence towards managing costs surrounding supply chain purchases.

At issue is whether the company is doing anything different from its for-profit competitors to warrant its tax break.

Collect financial information upfront, fight insurance denials, and send a combined bill from hospital and physician among advice for hospital finance staff.

The agencies say they will establish a 180-day waiting period before medical debt is added to someone's credit report.