Accounting & Financial Management
When health systems have their staff manage revenue cycles, up to 25% of the day can be spent on repetitive tasks related to the revenue process.
Non-COVID-19 utilization is back to 95% of baseline, and, when coupled with the cost of COVID-19 care, overall utilization is above baseline.
If all U.S. counties had high health-literacy levels, there would be $25.4 billion in Medicare savings annually.
The drop in admissions suggests revenue losses that may be difficult for some hospitals to weather.
A complete financial recovery for many organizations is still far away, findings from Kaufman Hall indicate.
The Nebraska health system was able to keep financially afloat during the crisis without layoffs or furloughs.
Hospital associations call the threat from CMS to withhold Medicare and Medicaid participation for non-compliant data reporting "reckless."
The surging costs of tackling the pandemic are straining public hospital budgets, increasing the need for county support.
Affordable Care Act medical loss ratio rebates in 2021 will likely be exceptionally large across commercial markets.
The last time margins sank so deeply into the red was after the Balanced Budget Act of 1997, though today's margins are faring worse.