HIT

The biggest issue for CFOs in 2024

By Madeline Ashley for Becker’s Hospital Review From operating margins still causing challenges for many health systems to consistent worries about healthcare workforce shortages, the current economy has trumped cost reduction concerns for CFOs in 2024, according to a new Deloitte annual survey. Deloitte’s annual survey of healthcare financial leaders has been conducted since 2020 by the Deloitte Center…

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Fortune/PINC AI 100 Top Hospitals 2024: Teaching Hospitals

By Fortune Editors and PINC AI for Fortune Fortune partnered with PINC AI on the 2024 ranking of the 100 Top Hospitals in the U.S. The top 40 teaching hospitals are presented below, broken into two categories: the 15 Top Major Teaching Hospitals and the 25 Top Teaching Hospitals. Those marked with asterisks are also Everest Award* and Community…

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CMS floats 2.6% hospital outpatient pay increase for 2025: 7 things to know

By Alan Condon for Becker’s Hospital Review CMS has published its Outpatient Prospective Payment System proposed rule for 2025, which, among other things, would raise Medicare outpatient payment rates for about 3,500 hospitals and 6,100 ASCs next year.  Seven things to know: 1. CMS has proposed a 2.6% outpatient pay increase for hospitals in 2025.…

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How responsible AI can benefit patients and clinicians

By Kathy Ford for Kevin MD The impact of artificial intelligence (AI) is palpable across the health care spectrum, from aiding in early disease detection through image analysis to streamlining administrative tasks. Regulatory agencies recognize the need for rapid integration of health care AI solutions, as demonstrated by the FDA’s clearance of over 500 AI solutions classified…

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The next 5 years of AI in healthcare

By Laura Dyrda for Becker’s Hospital Reviews Hospitals have begun incorporating artificial intelligence into their operational and clinical workflows to identify areas where the technology boosts clinicians and improves efficiency. But there are risks and executive teams need a strong plan to sustainably leverage AI for high quality, low cost care. During the Becker’s 14th…

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Breaking Silos: The Power of Collaboration in Minimizing Denials for Better Revenue Cycle Performance

By Michael McMann for Med City News Work silos—fragmented teams working independently of one another—represent a significant barrier to high-quality communication and collaboration, without which healthcare organizations cannot achieve optimal revenue cycle performance. Denial management is a perfect example. The impact of silos in denial management Payers are denying a record number of claims, especially Medicare…

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‘Significant Ramifications’: Medical Group Opposes HCC Coding Changes

By Amanda Norris for Health Leaders CMS recently released proposed changes to the CMS-HCC Risk Adjustment Model for payment year 2024 in February, with a public comment period that ending surprisingly quick. These changes will directly affect Medicare Advantage organizations as the model informs payments to Medicare Advantage plans. “The proposed changes (Model V28) would make significant changes to…

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5 Rev Cycle Strategies to Combat Denials

By Jasmin Ray for Health Leaders Executives are reporting an increase in denials, putting more pressure on system finances. Going back and forth with payers with denials is a time consuming and expensive process, and low reimbursement rates aren’t helping. In a new survey by the Healthcare Financial Management Association, CFOs noted a significant increase in denials,…

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There’s no denying RCM teams’ top challenges

By Andrew Cass for Becker’s Hospital Review Eighty-two percent of health system CFOs said that payer denials are higher than pre-pandemic levels, compared to only 2% who say denials have decreased, according to a report from the Healthcare Financial Management Association and Eliciting Insights.  “HFMA Health System CFO Pain Points 2024” is based on a…

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Physicians report 15 hours of ‘pajama time’

By Andrea Fox for Healthcare IT News Some 93% of physicians feel burned out, but 83% said AI has the potential to reduce administrative burdens, according to athenahealth’s third Physician Sentiment Survey, conducted by the Harris Poll. For this year’s measurement of physician sentiments, atheneahealth added a new line of questioning focused on artificial intelligence…

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