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Laura Dyrda for Becker’s Hospital Review Nonprofit hospital expenses dropped from November to December and had low single digit growth year over year, according to Kaufman Hall’s “National Hospital Flash Report,” released Jan. 30. The data shows overall expenses per calendar day declined 2% month over month and grew 4% year over year in December,…
By Andrew Cass for Becker’s Hospital Review Staffing is one of the biggest challenges facing revenue cycle leaders today. Here are what five leaders recently told Becker’s about that issue. James O’Connell. Director of revenue cycle at Inspira Health (Vineland, N.J.): Currently, I believe the greatest challenge to most hospitals is maintaining staff in the revenue cycle. Filling open positions in…
By Susan Morse for Becker’s Hospital Review Hospitals will experience a slowing of inpatient admissions but an increase in the length of adult inpatient stays, the latter being fueled in part by long COVID-19 and a rise in chronic conditions, according to a new report from Vizient and its subsidiary Sg2. This will lead to greater financial…
By Katie Adams from Becker’s Hospital Review U.S. hospital margins are remaining narrow, prompting healthcare revenue cycle leaders to examine their processes and make sure no money is falling through the cracks. Donna Ellenburg, revenue cycle director at Birmingham, Ala.-based Grandview Medical Center, said hospitals can avoid losing revenue by adhering to the following process: verifying…
By Todd Shryock for Medical Economics COVID-19 has had far-ranging consequences for medical practices, especially on finances. With patient volumes in flux, it’s important to understand how revenue cycle management has changed due to the pandemic and what adjustments need to be made going forward. Medical Economics spoke with Anurag Mehta, president and co-founder of Omega Healthcare,…
By Jackie Drees for Becker’s Hospital Review The COVID-19 pandemic has pushed telehealth and remote work capabilities to the forefront of health systems’ agendas, according to KLAS Research. For its Top of Mind for Top Health Systems 2021: Digital health priorities in the era of COVID-19 report, KLAS Research partnered with Pittsburgh-based Center for Connected…
By Rachel Popa for Becker’s ASC Review Six key revenue cycle from ASC experts: 1. Find causes of denials. Surgery centers can improve claims denial management by adopting proactive strategies, including identifying the root causes of denials, according to Mnet Health, a financial technology firm specializing in healthcare. Root causes may include flawed internal processes…
By Ayla Ellison for Becker’s Hospital Review Physician specialties that generate the most revenue for hospitals and Medicare payment rules were among the healthcare revenue cycle management topics that piqued the interest of readers this year. Here are the five most popular revenue cycle management stories published by Becker’s Hospital Review in 2019: 1. These…
By Rachel Popa for Becker’s ASC Review There were 50 healthcare data breaches reported to the HHS Office for Civil Rights in July, more than any other month on record, according to HIPAA Journal. The HHS started tracking healthcare data breaches in 2009. More records have been breached in 2019 than 2016, 2017 and 2018…
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…