Accounting & Financial Management
The collaboration with Health Care Service Corporation, billed as Epic's first such project with a payer organization, will help health plans more easily review data for managing claims and prior authorization.
The cancellation of elective procedures and low patient volume are the main culprits, while analysts anticipate a modest rebound.
In the past few months, deferral of elective procedures and many routine in-person medical visits precipitated a financial burden.
Only 12% of CFOs expect they will need to cut or defer spending on their financial systems' digital transformation.
By shifting personnel to different departments, Nebraska Medicine Center has shored up labor costs and avoided furloughing workers.
While volume and revenues plummeted to historic levels, expenses remained nearly flat, putting pressure on hospitals as the coronavirus spreads.
The stimulus and emergency response funding will blunt some of the losses, but hospitals won't be fully compensated, Moody's found.
Despite his high profile and the deep pockets of its investors, the Amazon, Berkshire Hathaway, JP Morgan Chase joint venture has so far shown limited progress on its aspirational tech-driven healthcare goals.
U.S. health insurers will remain profitable under the most likely scenarios, despite the highly uncertain severity and duration from COVID-19.
Setting targets, focusing communication and getting buy-in from the entire organization will be necessary to succeed.