Another Hospital Threatens to File for Bankruptcy
In a world where the pandemic continues, forcing hospitals to cancel elective surgeries and other procedures, it’s odd to see that so many are having financial difficulties. However, that’s the…
Hospitals: It’s Time to Start Your 2021 Financial Planning
Although there are still a few months left in 2020, it’s time for hospitals to start their financial planning for next year. On top of following through and getting their…
Health Systems In Good Financial Shape Due to Solid Funds Management
At a time when many hospital systems are in flux, thanks to the COVID-19 pandemic worsening their already shaky financial footing, it’s good to know that some remain in good…
Additional Hospital System Layoffs Point Out Just How Uncertain the Future Is
The already tumultuous hospital systems have gotten more so over the past few months. The COVID-19 pandemic led to the cancellation of non-emergency procedures and led to a number of…
Six Ways in Which Hospitals Are Recovering Financially From the Covid-19 Pandemic Shutdowns
As the Covid-19 pandemic continues onward, many hospitals and healthcare systems are attempting to financially recover. The shutdown, which switched appointments to online-only and canceled many non-emergency surgeries,
Hope on the Horizon for Some Hospitals in the Wake of Covid-19
Despite Covid-19 and all of the complications that come along with it, some healthcare systems are thriving. There are 14, in fact, that have strong financial ratings. While these aren’t…
More Health System Losses Add Up to Bleak Picture Pre-Covid-19
Prior to the Mid-March (in some states) Covid-19 pandemic, many health care systems were already in financial trouble. When most of those systems canceled their pre-scheduled non-essential and non-emergency medical…
Tips to Improve Revenue and Patient Care During This Crucial Time
As workers in many states head back to the office, hospitals and health care groups need to adjust to the new normal. Yes, some patients will still contract COVID-19 and…
Hospitals Receive Emergency Funding In COVID-19 Battle
Many hospitals are struggling due to the ongoing pandemic. They have canceled elective surgeries, are only seeing non-COVID-19 patients through telehealth or other applications, and are attempting to minimize every…
Hospital Preparations and the COVID-19 Pandemic
Now that the President has declared a national state of emergency and many states have followed suit by canceling schools and events, it’s safe to say that the COVID-19 pandemic…
Facts About the Current Rural Hospital Closure Problem
It seems as though every day another rural hospital files for bankruptcy. Many have been operating on very thin financial margins for years, leaving them under the perpetual threat of…
More Hospitals Are In Financial Trouble
Over the course of the past year, many hospitals have closed while just as many have expanded or opened their doors. This makes the healthcare industry seem precarious and uncertain,…
Hospital Mergers Go More Smoothly When Aged Claims Are Cleared Up
Aged claims are one of those things that fall through the cracks when undergoing a hospital merger. Why? Because there are many other factors involved, ranging from coordinating billing centers…
What You Need to Know About Commercial Health Insurance Underpayments
According to recent statistics, commercial health insurance underpayments are on the rise. As of 2012, the payment accuracy rate for these insurance companies hovered around 62.08 percent. What does this…
What Do Healthy Counties and Commercial Health Insurance Claims Have in Common?
In March 2019, the Robert Wood Johnson Foundation compiled its annual list of the healthiest counties in the United States. For example, in Ohio, they declared that Delaware County, located…
What Are Aged Claims?
You’ve probably heard the term “aged claims” before but haven’t been quite clear on its meaning. The answer is quite simple – these are claims that have been on your…