Accounting & Financial Management

The Department of Justice announced Tuesday that False Claims Act recoveries in 2012 set records, including for healthcare recoveries, which topped $3 billion.

Studies have illustrated the potential benefits of EHR adoption, such as improvement in the clinical care process and the overall patient experience. EHR implementation, however, can also have a significant impact on operational efficiencies, creating opportunities for healthcare organizations to leverage the same workflow automation capabilities to improve a number of cumbersome administrative processes to drive bottom line improvement.

As healthcare organizations prepare for the ICD-10 conversion, everyone knows there will be challenges. And while much of the focus has been on the difficulties of hands-on implementation, financial managers are not likely to make it through unscathed.

Former chief financial officer of HealthSouth, Aaron Beam, was flying high until he became involved in an accounting fraud that would send him to jail and offer him a mission: warning others of the ethical dangers of wealth and success.

Tenet Healthcare Corporation today projected that its 2012 adjusted earnings before interest, taxes and depreciation (EBITDA) would be in the range of $1.2 billion to $1.3 billion, a moderate uptick from its expected EBITDA for 2011.

The American Medical Association (AMA) last week released two new trend reports in its Policy Research Perspective series illustrating the high price doctors pay to protect themselves against malpractice suits.

The U.S. Department of Health and Human Services made official on Friday what many had expected: it is dropping its efforts to implement the CLASS Act.