HIT

3 steps to prepare for the transition to ICD-11

By Kelly Gooch for Becker’s Hospital Review The 11th edition of the International Classification of Diseases was presented at the World Health Assembly in May and is slated to take effect in January 2022. To prepare for the transition from ICD-10 to ICD-11, softwareadvice.com recommended that healthcare providers: Become familiar with new ICD-11 codes and chapters,…

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Hospitals saw lower profitability, volumes and revenue in June

By Jeff Lagasse for Healthcare Finance Many facilities seem unable to adjust expenses to coincide with declining volume, posing a fundamental risk to hospitals and health systems. June was a less-than-stellar month in terms of hospital profitability. In fact, profits declined for the first time this year, and while the difference from the same month…

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Executives expect AI to transform healthcare within 3 years

By Nick Paul Taylor for Healthcare Dive Dive Brief: More than two-thirds of healthcare executives think artificial intelligence and other emerging digital technologies will extensively impact their organizations over the next three years. The new Accenture survey suggests executives will expand quickly beyond the experiments that make up most of the engagement with new digital…

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Highest-paid CEOs in 2018: Who made the list from healthcare

By Emily Rappleye for Becker’s Hospital Review Thirty-two healthcare CEOs made The New York Times and Equilar’s 2018 ranking of highest-paid CEOs in 2018. Of those 32, three executives led some of the nation’s largest for-profit hospital systems: King of Prussia, Pa.-based Universal Health Services, Nashville, Tenn.-based HCA Healthcare and Dallas-based Tenet Healthcare. The full…

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Nearly half of physicians think EHRs have decreased quality of care, survey finds

By Jackie Drees for Becker’s Hospital Review More physicians (44 percent) believe that EHRs have hurt quality of care in their workplace than the 40 percent who said the technology has improved it, according to a recent Medscape poll released May 1. Medscape surveyed 273 U.S. clinicians — 207 physicians and 66 nurses and advanced practice…

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Maintaining a healthy revenue cycle means tapping into the consumer mentality

By Jeff Lagasse for Healthcare Finance A healthy revenue cycle can’t stay healthy for long without a strong collections process, and collections can’t stay strong unless there’s money to collect. That means health systems are increasingly behaving like brands, seeking to attract patients — and their pocketbooks. Nowadays, attracting patients means taking a more consumer-focused…

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Constructing a Career in Coding

By Susan Chapman for For The Record For aspiring coders, landing that first position can be intimidating. But never fear, industry experts are here to offer advice. Landing that all-important first job can seem daunting for a coder who is just entering the field. However, incorporating sound advice from seasoned experts can help job seekers…

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The top financial pressures facing healthcare organizations: 5 leaders discuss

By Kelly Gooch for Becker’s Hospital Review Becker’s Hospital Review asked healthcare leaders to share the factors they believe will pressure hospital finances the most in 2019. Here are their responses, presented alphabetically. Editor’s Note: Responses have been lightly edited for length and clarity. Dawn Bulgarella CFO of the UAB Health System (Birmingham, Ala.) Hospital…

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