The hospital industry is projected to finish 2021 with a $54 billion loss, report finds
The financial turmoil that has affected hospitals and health systems throughout the COVID-19 pandemic won’t be alleviated during the remainder of this year, according to projections.
Study finds little correlation between market concentration and high healthcare prices
The findings have implications as policymakers consider ways to curb healthcare prices.
Accounting and Financial Reporting
Keep up with the latest accounting and financial reporting trends and related subtopics of auditing and internal controls, bad debt, FASB and GASB, budgeting, cost of care, and more.
News
Stay up-to-date with HFMA's regularly published news that covers regulatory and legislative changes and healthcare finance trends.
Report by Medicare trustees describes a daunting payment picture for healthcare providers
The Medicare Hospital Insurance Trust Fund is on course to run out of money by 2026, and that assessment wasn’t the only concerning part for hospitals in a new government report.
HHS can continue using Worksheet S-10 to calculate uncompensated care payments after federal court ruling
A federal district court dealt hospitals a defeat in a case about uncompensated care payments, issuing a summary judgment in favor of the U.S. Department of Health and Human Services.
Healthcare News of Note: Providers should continue forward movement on improving digital patient access, survey suggests
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Expectations for convenient access to care in the pandemic era, a look at ICU bed use across the U.S., and the cost of hospitalizations among unvaccinated adults.
Cost reporting in the time of COVID-19 could have an impact on hospital payment
The changes due to the COVID-19 pandemic that hospitals must report in their annual cost reports will be pervasive throughout the reported data. Given that CMS and some state agencies use cost reports i9nformation to establish future rates, it is critical that hospitals exercise heightened due diligence in preparing their cost reports throughout the public health emergency.
Research finds widespread issues with community health needs assessments developed by nonprofit hospitals
A majority of hospitals make the required CHNA documents accessible, but many don’t include all the obligatory elements.
Financial Sustainability Report: August 2021
The August 2021 issue of the Financial Sustainability Report, sponsored by Kaufman Hall, explores the impacts of COVID-19 on hospital cost reporting and financial statements, and why a hospital’s future payment levels may depend on its due diligence around these processes today.