Accounting & Financial Management

Among publicly and privately insured children in the sample, respectively, 11% and 9% received unnecessary services at least once in 2014.

Doctors, hospitals, and other health providers in the U.S. spent far more on administration due to complexity.

In the model, pay equity was affirmed in 96% of cases, and of those with higher-than-predicted compensation, there was no link to gender or race.

In 2018, total U.S. medical and health R&D investment was $194.2 billion. Of that, industry invested $129.5 billion, almost 67% of the total.

Use was disproportionately low across all hospital types, suggesting there's more hospitals could be doing to get more people to use the record.

Focusing on a better patient financial experience, broadening the vision to include the outpatient sector and the inevitable insurgence of AI are all coming and can go a long way to bolster the bottom line.

AMA Washington Counsel Paul Westfall says systems need controls, policies and procedures and digital health requires strict technical oversight.

In Part 2 of our series on the hospital mergers, a look at the common problems and advice about how to sidestep them.

Cost-cutting initiatives, however, will help slow the growth of expenses, offering a glimmer of hope for the sector, Moody's says.

Case study: Revised paper statements and new digital patient portal drove a 38% improvement in self-pay collections, a 21% reduction in cost-per-dollar collected and patient satisfaction rose from 28% to more than 50%.