Healthcare News & Insights

Like all organizations, healthcare organizations are under mounting pressure to cut costs and increase revenue. Read about the top techniques for improving revenue cycle management and getting the most out of a hospital’s budget.

Adapt your budget to increase innovation: 3 common pitfalls to avoid

You know it as well as anyone, finding room in the budget to adopt new, innovative technology is an epic feat. Innovation just isn’t a priority when there are so many other requirements and restrictions on your cash flow, and it often doesn’t have an immediately visible impact on patient care or safety. 

How will Amazon’s healthcare ventures affect you? 5 possibilities

Amazon’s moves into the healthcare sector made waves in 2018, and there’s no telling what the company will do next or how it may shape the market. Being prepared for some major changes down the line can keep your hospital from getting caught in the riptide. 

3 steps to improved insurance follow-up

Changes in the healthcare industry have put hospital administrators in a tough spot. They must find ways to simultaneously improve productivity and increase cash recoveries. In this guest post, Shawn Yates, director of product management for a company that develops a variety of information systems for providers, will show how insurance follow-up can help with […] [MORE]

What your hospital should know when measuring total cost of care

The rising cost of health care has become a major concern for payors and the feds. To curb the costs associated with patient care, hospitals must be looking at the total cost of care – usually defined as the direct and indirect costs for an episode of care over a period of healthcare coverage (e.g., […] [MORE]

Survey: Patients want financial info before treatment

Facilities may need to take a second look at their policies on patient payment. Here’s why: According to a new survey, there’s a significant gap between what patients want regarding payment and financial options for their treatment, and what hospitals are providing. 

Big changes to bundled payments: What to expect next

The feds have changed their strategy for the implementation of bundled payments, giving facilities much more leeway in participating. While some hospitals may be breathing a sigh of relief, rest assured – they aren’t going away entirely. Neither is the growing shift toward value-based care. 

7 ways hospitals can cut drug costs

Prescription drug costs are one of hospitals’ biggest expenses, and it doesn’t look like the trend’s going away anytime soon. As pharmaceutical companies continue to raise their prices, hospitals bear the brunt of the increases. 

Are quality improvement programs really lowering costs?

Hospitals are doing all they can to lower their costs. One way they’re doing this is by using quality improvement programs to prevent readmissions. And while they are having success at lowering readmissions, a new study shows the cost-savings aspect isn’t always there. 

CMS inpatient payment rule brings payment increase & more changes

The Centers for Medicare & Medicaid Services (CMS) recently released its proposed rule for next year’s hospital inpatient payment schedule. Along with a pay increase, there are several other changes coming that facilities need to know about. 

Avoid uncompensated care costs & bad debt in your hospital

Hospital bills have become costly for patients, so many aren’t paying them. It’s become a battle for facilities to collect balances from patients and, as a result, bad debt is increasing. However, some hospitals are using different strategies to work with patients so they can get paid. 

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