Workforce
While the role of healthcare CFO is pretty standard from one organization to another, the role of treasurer can vary from a volunteer position to a unique function of the CFO.
One of the greatest challenges for RCM directors this summer is ensuring that the organization has enough skilled coders to handle the demands of ICD-10, which will more than quadruple the number of procedure designations required for patient documentation and payment reimbursements.
With revenue cycle staff in big demand, healthcare providers are scrambling to find candidates with this specialized type of experience before initiatives like ICD-10 and value-based payments put too much pressure on cash flow.
Successful boards spent more meeting time discussing quality and performing and held more frequent performance reviews with middle management, according to Health Affairs study.
Hospitals led with hiring, adding 15,700 jobs in the month, while ambulatory centers added 8,900 jobs, far less than the 22,000 jobs ambulatory centers added in June.
The companies said the deal will make them better able to improve their post-acute care services and create better value of care for their partner hospitals and clinicians, which in the age of value-based reimbursements will improve bottom lines for all involved.
Financial pressures are causing a growing number of U.S. doctors to leave private practice for hospital employment, according to a new report by Accenture.
As the programs turn 50, Medicare and Medicaid's long role in funding medical education is finding itself stretched thin by looming nursing and physician shortages.
Despite concerns about turning the obstetrical specialty into "shift" work similar to emergency physicians, the laborist trend is growing as hospitals seek to improve patient safety and physicians increasingly recognize they need help responding to emergencies.
As patients, consumers, governments and the media are all following the money in healthcare, more scrutiny than ever is falling on executive compensation, especially for nonprofit systems and health insurers.