Budgeting
Setting targets, focusing communication and getting buy-in from the entire organization will be necessary to succeed.
If 20% of the US population were to become infected with COVID-19, it would result in an average of $163.4 billion in direct medical costs.
Integrating cost and clinical-decision-support information reduced medication errors and burnout prevalence at Houston Methodist.
Having rolling budget forecasting, following coding guidelines and anticipating patient behavior changes will help with the coronavirus aftermath.
Faster internet speeds, better tech and avoiding other potentially sick patients is pushing investors to pump money into the remote-care space.
Healthcare companies on Moody's list of lower-rated companies have about $41.6 billion of outstanding debt, a 28% increase in the past year.
Multiple factors contributed to the increases, including higher volumes and revenues, despite increases in bad debt and charity care.
With a labor-intensive budgeting process that provided little business value, OSF Healthcare decided it was time to be more flexible.
Study finds 8% of providers are spending upward of $1 million dealing with post-payment audits each year.
What was particularly troubling is that the trend appears to be getting worse, with the salary gap widening over time.