Combining Data Across Care Sites Specialties and Provider Types for More Complete Cost Accounting
Adding professional services data to department-level costs can help hospital leaders understand all relevant costs in an increasingly value-focused environment.
Augusta University Health System Leverages Decision Support for Costing and Planning
By integrating case cost data with financial data in their decision support system, the health system can now gain a clear picture of the true cost of a single patient case.
Managing the True Costs of Health Care: A Roadmap to Cost Analytics
The increasing costs of care are making it necessary for health systems to look at costing in innovative new ways.
Bad Debt Expense Benchmarks
Bad debt becomes a difficulty as patients with high-deductible health plans struggle to pay their bills.
Ask the Experts: Net Days in A/R
Are unbilled charges and DNFB charges included in the total outstanding A/R amount used to calculate net days in A/R?
Message to Providers: Expect More Pricing Scrutiny
Healthcare finance leaders should review their organizations’ cost structure to ensure that their healthcare spending consistently adds value to patient care.
With So Much Uncertainty, How Do You Build Your Hospital’s Budget?
Advisory Board’s John Johnston shares expert insights from a colleague, Sean Angert, regarding today’s challenges with hospital budgeting and margin sustainability, with planning advice for CFOs.
Healthcare Revenue Recognition: 5 Steps for Net Revenue Modeling and Reporting Considerations
This article describes five steps FASB has outlined for entities to follow to prepare for implementation and achieve the objectives of the new standard ASU 2014-09 for recognizing revenue.
What happened to charity care in financial statements
Reporting charity care is an important means for healthcare organizations to communicate the benefits that they are providing to their communities.
Ask the Experts: Definition of Bad Debt
What is the standard industry definition for bad debt percentage?