Budgeting
South Nassau Communities Hospital CFO Mark Bogen spoke with Healthcare Finance News about risk, controlling costs and revenue challenges for his Oceanside, N.Y.-based organization.
Financial models involve a whole series of assumptions about such elements as volume, payer mix and salaries. While a health system may have historical data to work from, putting together projections for a new line of business is more difficult.
Health costs will accelerate next year, but changes in how people buy care will help keep them from attaining the speed of several years ago, PricewaterhouseCoopers says in a new report.
The breakthrough hepatitits C drug Sovaldi has brought the high price of specialty pharma to recent public attention. But less examined are proactive approaches that could be used to curb the growth trend without depriving patients of needed therapies.
Disasters, natural and man-made, threaten more than hospital property. With many healthcare information technology systems integrated and focused on patient care, the threat of an IT or communications shutdown can be both dangerous to patients and costly to the health system.
While majorities of healthcare providers see value-based payment models becoming the reimbursement status quo in coming years, fewer than one-in-three say the reward is worth the risk.
A new Medicare prospective payment system for federally qualified health centers offers improved reimbursement rates.
Aggregated clinical data are essential to managing population health. But analyzing the financial health of various service lines is a complex undertaking.
As a result of the push towards accountable care, increased patient census no longer translates to higher revenue for hospitals. Unless costs are managed internally, higher patient volume may instead lead to narrower margins, if not outright red ink.
Having IT is a necessity for hospitals, but for many, having an IT team to support that technology is a luxury. Here are some tips from experts on creating an IT team on a budget.