Accounting & Financial Management
Chief financial officers must determine the best value-based care model for their healthcare organization, experts say.
The economic recovery has been a major driver, but the increase in the number of people insured through the Affordable Care Act and Medicaid expansion is likely having the biggest effect.
The health system is losing around $6 million a month, and may or may not be able to find a buyer after for-profit hospital chain Prime backed out of an $843 million takeover deal.
Tax deals and donations were not enough to keep the facility open.
Texas health system offering patients more choice and nurturing its own health plan, even while collaborating with major insurers.
Same-facility admissions at HCA's 165 hospitals increased 5.1 percent in the first quarter, same-facility equivalent admissions grew 6.8 percent, and same-facility emergency room visits increased 11.5 percent, while revenue per equivalent admission increased 1.6 percent.
Tennessee-based Iasis, which operates acute-care hospitals, said its revised 2014 revenue will be $2.5 billion, $30 million less than previously thought.
Sutter Health's combined 2014 operating income from the day-to-day operations of its hospitals, care centers and other services was $419 million, compared to a loss of $22 million in 2013.
Hospital financial planning is no longer simply a forecasting and budgeting exercise, but needs to reflect the effect of various initiatives and scenarios contained in increasingly complex strategic plans.
CEO Ram Raju wants to grow the health system's patient base to 2 million people and double the enrollment of its Metroplus health plan.