Healthcare News of Note: Federal bailout money helped some of the nation’s wealthier hospitals prosper despite COVID-19
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles, including wealthier hospitals prospering despite COVID-19, oncologists seeing more new advanced-stage cancer patients and the burden of prior authorizations during COVID.
National Academy of Medicine paper explores transformation opportunities for health systems
Authored by leaders of four large health systems and two hospital associations, a new paper examines priorities for healthcare transformation from the perspective of care delivery organizations.
HHS issues various updates to Provider Relief Fund FAQs
HHS updated its 60-page list of FAQs for recipients of Provider Relief Fund payments.
40% of hospitals reconsidering traditional budgeting amid pandemic: HFMA poll
A n October 2020 HFMA survey, by Strata Decision Technology, found that the COVID-19 pandemic prompted many U.S. hospitals to consider moving from a traditional budgeting process to rolling forecasting, with one in five already having made the move.
Updated FEMA guidance notes availability of monetary assistance for COVID-19 vaccination activities
The Federal Emergency Management Agency has issued updated guidance on medical care and associated costs for which monetary assistance is available during the COVID-19 public health emergency.
Financial Analytics Leadership Council members share 5 challenges, responses to pandemic’s financial long haul
Financial leaders discuss how the pandemic has impacted revenue, volume and expenses, which has thus created a need for data and analytics.
Healthcare News of Note: Fewer patients translates to a small reduction in charity care spend for hospitals
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles, including a reduction in charity care in 2020 due to fewer patients, a review of physician burnout and moral injury data, and what early adopters are doing to test 5G.
U.S. faces a challenging road to recovery after COVID-19
President Biden faces an enormous challenge in achieving his promise of distributing the COVID-19 vaccine nationwide and bringing the nation back to economic prosperity. Time will tell if the President can delive on that promise.
NFP hospital profitability plummeted in 2020 despite expense mitigation strategies, Moody’s reports
Profits were down in the not-for-profit and public healthcare sector in FY20, but management strategies helped to increase liquidity amid the COVID-19 pandemic.
News briefs: The new COVID-19 relief legislation could result in a big Medicare payment cut
The $1.9 trillion American Rescue Plan, which was signed into law March 11, could lead to a significant reduction in Medicare revenues if Congress does not act.