Accounting & Financial Management
A healthy revenue cycle is something for which every business strives, but it is especially important for healthcare organizations in the current industry environment, due to declining reimbursements, shrinking margins and evolving payment models.
The agreement, effective Jan. 1, aims to give Humana Medicare Advantage members better care and lower costs at Aurora's health network.
Hartford, Connecticut-based Saint Francis Care has promoted David Bittner to chief financial officer, less than one year after naming him senior vice president of finance.
Minneapolis-based health system Allina Health intends to work with Salt Lake City-based data warehousing company Health Catalyst on a 10-year initiative to build a new model for improving outcomes system-wide.
For-profit hospitals have had a good run recently, and according to credit ratings agency Fitch Ratings that growth is slated to continue … for now.
Under the regulations, charitable hospitals have to perform a community health needs assessment at least once every three years, and disclose the programs addressing those needs in annual tax forms with the IRS.
Revenue cycle management firm Accretive Health restated its 2013 results last week, showing that the company swung to a $130 million profit for the year, compared to a loss of nearly $120 million in 2012.
Walgreens said it is cutting ties with two accountable care organizations, though the nation's largest pharmacy chain has also launched a new partnership on the West Coast to help manage ACO patients.
The expansion of insurance coverage to some 10 million individuals in 2014 has implications for the growth rate in national health expenditures and on health workforce requirements. While there is broad agreement that spending and utilization will be pushed upward, there is much debate about the amounts.
Brad Sinclair has been named chief financial officer for the University of Mississippi Medical Center’s University Hospitals and Health System in Jackson, Mississippi.