Financial Reporting

Healthcare providers face challenges implementing the latest Surprise Medical Billing Interim Final Rule

HFMA’s Shawn Stack reviews the key provider challenges introduced by the IFC interim final rule with comment period (IFC) that implements sections of the federal ban on surprise medical bills.

Shawn Stack July 19, 2021

Financial metrics show a steady recovery for hospitals as the COVID-19 pandemic subsides

The latest financial data from the hospital sector paints a picture of a continuing recovery from the depths of the pandemic.

Nick Hut July 2, 2021

Hospital groups raise red flags about spending offsets in bipartisan infrastructure bill

The bill would be paid for in part by extending the duration of the 2% reduction in Medicare payments and by tapping into the Provider Relief Fund.

Nick Hut June 29, 2021

Medicare should update its policies for separately payable drugs in the Outpatient Prospective Payment System, MedPAC says

Worthwhile changes include requiring drugs to be proven clinically superior before granting them pass-through payment status, according to a new report.

Nick Hut June 27, 2021

In response to requests, HHS offers accommodations on deadlines for Provider Relief Fund spending and reporting (updated)

The new deadlines apply to allocations received after June 30, 2020. Reporting on use of funds is required only for designated time periods during which a provider’s payment exceeded $10,000.

Nick Hut June 23, 2021

PwC report anticipates a 6.5% increase in healthcare costs in 2022, roughly in line with recent years

As the healthcare industry emerges from the COVID-19 pandemic, annual costs are expected to increase by slightly more than they did in recent pre-pandemic years.

Nick Hut June 17, 2021

HHS extends Provider Relief Fund use and reporting as healthcare providers continue to navigate COVID-19 impacts

The U.S. Department of Health and Human Services recently announced updates to the Provider Relief Fund, including staggering provider deadlines to spend funds.

Shawn Stack June 15, 2021

CMS proposes to pull support from organ acquisitions: A grave threat to the future of U.S. organ transplants and donor programs

Transplant patient lives at risk under CMS’s proposal to stop supporting donor community hospitals excising organs for non-Medicare patients on waiting lists.

Shawn Stack June 11, 2021

Healthcare News of Note: Sg2 report says lower-acuity care to continue its migration outside of hospital walls

 Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Hospitals to continue to see loss of lower-acuity care, nursing shortage spurs health systems to offer sign-on bonuses and some newly passed state laws could put public health at risk.

Deborah Filipek June 10, 2021

Why success in cost reduction is a matter of trust

According to a survey, healthcare organizations that discuss cost reduction with clinicians more often are better prepared to achieve cost-reduction goals. Find out what approaches can restore trust for a better bottom line in this research report.

HFMA June 2, 2021
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