Accounting & Financial Management
A recent survey from the market research firm has found that that 87 percent of financially struggling hospitals now regret changing their EHR systems due to higher than expected costs, layoffs, declining inpatient revenues, disenfranchised clinicians and doubts over the benefits of switching systems.
Physician payments rates are on the rise across the United States, according to a national compensation survey released Friday from MD Ranger.
As hospitals and health systems face constant revenue stream pressures, financial managers are leveraging cost containment strategies that lean on population health, supply chain management and salary adjustments as a way trim costs.
We spoke to two financial leaders about the metrics they follow, their ideal analytics dashboard and how they interpret data to make decisions for their systems.
After years of losing money, River's Edge Hospital in St. Peter, Minnesota posted a profitable 2015 and is considering expanding the facility, an uncommon story for a rural, critical-access hospital.
UPMC on Monday said it will partner with Health Catalyst to take on the rising cost of healthcare by commercializing the healthcare system's cost management technology.
A group of the largest for-profit hospitals in the United States reported an average of 2 percent growth in organic patient volumes in the third quarter of 2015, but showed little ability to translate that growth into higher operating margins, according to a Fitch Ratings report.
The average salary for healthcare workers in executive, management and other professional positions topped $111,000 in 2015, according to the recently released 2015 HIMSS Compensation Survey, though there is a close to $30,000 gap between what men and women earn in the field.
As hospital finance execs work to navigate pricing pressures, transitions in patient coverage and new competitors, The Advisory Board said leaders are facing several mandates to change or risk losing a lot of money.
Nearly three-quarters of health systems with more than 300 beds -- and 81 percent of providers with fewer than 300 beds -- are shifting their focus to IT outsourcing as bottom-line pressures force systems to choose outside vendors, according to a new Black Book Research survey of hospital finance and tech administrators.