The Hidden Cost of Write-Off Culture in Hospital Revenue Cycles
Rising claim denials & staffing shortages are driving hospitals to write off recoverable revenue.
Setting Revenue Cycle Goals for 2026: Why Denied Claims Deserve a Second Look
As hospitals begin setting financial goals for 2026, Revenue Cycle Management (RCM) leaders face familiar challenges: rising denial rates, ongoing staffing constraints, payer complexity, and constant pressure to improve
Hospital Claims Recovery More Important Than Ever for 2021
Delta variant destabilizes healthcare planning: With the spread of the more contagious delta variant, Covid-19 cases spiked almost 70 percent in the last week (www.washingtonpost.com/…covid-cases-rising/). The public hea
COVID-19’s Rising Number Of Patients Does Not Equal More Money
While the COVID-19 pandemic flooded hospitals with patients in 2020, healthcare systems did not benefit financially. In most businesses, more customers mean more money. In the case of hospitals, those…
Hospitals May Be Expected to Cover Costs of COVID-19 Vaccines
2021 is here and with a new year, there’s word of COVID-19 vaccines making their way throughout the United States. While rollout is slower than expected, about 5 million people…
Resource Constraints Prevent Healthcare CFOs From Reducing Costs
Reducing costs is important in any industry, but especially in the healthcare field. While reducing costs is currently a top priority for healthcare CFOS, the lack of sufficient data and…
Americans Will Forego COVID Care Due to Medical Bills
The United States government is currently rolling out vaccines to hospitals across the country. Vaccines are being given to essential workers first – including hospital staff employees. After the first…
ASCs Around the Country Plan Expansion Despite Covid-19 Pandemic
Earlier this year, many ASCs around the United States saw their financial picture begin to look bleak. Due to the Covid-19 pandemic, voluntary (non-emergency) outpatient surgeries were halted in order…
More Closures and Financial Issues in the Wake of Covid-19
As the Covid-19 pandemic rages onward, hospitals and healthcare systems everywhere are dealing with financial issues. Not only are their emergency departments overrun with Covid patients, but, because of the…
More Turmoil in the Healthcare Industry Despite an Ongoing Pandemic
As the Covid-19 pandemic presses on, even more turmoil has hit the healthcare industry. Some hospitals and healthcare systems have filed for bankruptcy, while others are closing clinics and laying…
Seven Hospitals Make Plans to Expand Despite Increasing Covid-19 Pandemic
Even though the Covid-19 pandemic continues to worsen in the United States, causing distress to hospitals around the country, some other systems find that they have the funds available to…
Hospitals Receive Bailouts Due to Covid-19
The Covid-19 pandemic has been tough to deal with in more than one way. Some hospitals are at risk of going under, due to cuts in nonessential services. Others are…
Hospital and Medical Center Losses Due to Covid-19
Now that the Covid-19 pandemic is winding down and hospitals and medical centers are going back to “the new normal” it’s time for many directors and CFOs to check the…
Bailouts, Furloughs, and Other Issues in the Wake of COVID-19
As COVID-19 continues on its path and states begin to open, it’s clear that the medical industry will never be the same. Some hospitals have received their Cares Act payments,…
Six Things You Need to Know About Hospitals’ Potential Financial Fallout from COVID-19
With the COVID-19 pandemic in full swing, there are some clear takeaways on the hospital financial front. These things have been brewing for some time, thanks to financial pressures that…
How Hospital Financial Systems are Responding to COVID-19
A lot has changed in a week. Most of the country is on lock-down with people self-quarantining themselves. Some hospitals and medical systems are overwhelmed with people waiting to be…
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…
Healthcare Industry in Flux With Even More Closures and Bankruptcies
In a pattern that has become routine, and one that seems more dangerous than ever with an approaching pandemic, more hospital systems in the United States have filed for bankruptcy…
More Hospital Closures on the Horizon
As we’ve discussed before, healthcare facility closures occur on a regular basis. Sinc the beginning of 2020, five different provider groups and one manufacturer have filed for bankruptcy. Since the…
Six Ways to Make Your Hospital More Profitable
In a country where some hospitals are succeeding and growing, while others are in danger of filing for bankruptcy and shutting their doors, there are some things that can be…
Eight Hospitals File For Bankruptcy Protection
A series of recent announcements proved the continuing uncertainty of the medical field. Eight hospitals located throughout the United States filed for bankruptcy protections. Although there are some areas of…
Aged Claims, Federal ERISA Laws, and Procedure Notes: What You Need to Know
Claim denials are one of the most common issues in healthcare. These claim denials can cost hospitals, outpatient surgery centers, and even physician’s offices quite a bit of money every…
Is Your Hospital Having Financial Difficulty? We Have A Solution
More hospital closures are on the horizon. A recent report from Morgan Stanley identified over 450 hospitals in the United States that are in danger of failing, due to financial…
Hospital Billing Solutions: Clinical Process Improvements and Federal ERISA Appeals
Clinical process improvements are one of the latest trends in hospital management. These improvements are designed to hold two solutions – they help the patient receive better care, while the…
Claim Denials, Procedure Notes, And Federal ERISA Law: What They Have In Common
Claim denials are one of the most common issues in healthcare. These claim denials can cost hospitals, outpatient surgery centers, and even physician’s offices quite a bit of money every…
More Hospitals Are Filing For Bankruptcy Or Closing Their Doors For Good – How This could’ve Been Prevented
Hospital closures are never good news. They tend to make headlines for all of the wrong reasons. These closed hospitals can leave entire regions without access to proper medical care…
Hospitals Only Get Three State Level Appeals on Commercial Claims, But That Doesn’t Mean The Fight Is Over
Affinity Medical Center in Massillon, Ohio shut down in February 2018, citing “declining revenues” as one of their main reasons. In short, they had so much debt that they couldn’t…