Business Intelligence
During the first six months of FY 2021, Mercy lost an average of $5 million a month.
RWJBarnabas has begun a number of partnerships in recent months, including with Saint Peter's Healthcare System and Trinitas Regional Medical Center.
New data-driven business models will create what Deloitte calls a "well-being dividend," shaving billions off projected health spend.
2020 was rough, but based on FY 2021 Q1 earnings report figures, prospects for the coming year seem much better.
Year-end financials are being watched closely as the healthcare system gets a handle on the full impact of COVID-19.
Prior authorization continues to be the area with the lowest adoption rate, with only 21% of medical plans having fully electronic transactions.
Between December and January, hospitals lost more than 2,000 jobs.
Prior authorization is also eliminated for 3D image post-processing, including the evaluation of cardiac structure and function.
The organization still managed a $3.1 billion profit for the year, a significant 25% increase from 2019.
Anthem is acquiring InnovaCare's Puerto Rico-based subsidiaries, as well as a Medicaid plan.