No-Divert Policy, Strategic Growth Help Erlanger Increase Revenue by $300 Million
A strategic plan that focused on growth and expanding specialty services helped Erlanger Health System improve its balance sheet while maintaining high-quality performance. A pay-for-performance program also increased nurse productivity.
Hospital Spending to Accelerate in Coming Years: CMS
Feb. 20—Hospital care spending is expected to accelerate over the coming 10 years as Medicare enrollments surge, more states expand Medicaid eligibility, and prices increase.
Medically Tailored Meals More Than Pay for Themselves
Lori Wiviott Tishler, MD, describes the Commonwealth Care Alliance’s approach to partnering with community-based organizations to provide medically tailored meals to members in need.
Annual Hospital Costs for Opioid Overdose Patients Approaches $2 Billion
The average cost for an overdose patient who was treated and released totaled $504, but the average cost rose to $11,731 for those that were treated and admitted to a hospital.
Repeal of the Individual Mandate Means More Uncompensated Care
The individual mandate has driven an increase in the number of insured patients, and without it, hospitals are likely to face more uninsured patients and more patients with high co-pays and deductibles.
The 4 Qualities of ‘Next-Level’ Healthcare CFOs
The impact of “next-level” CFOs is felt and seen throughout organizations. For example, by mentoring and coaching to build financial literacy across teams and organizations, these CFOs are seen as proactive and selfless servant leaders who are improving their organizations.
Underinsured Rate Reached 15-Year High
Feb. 6—More insured people are struggling to afford care than at any time since 2003, according to a new survey. And it’s a challenge across all major private- and public-payer categories.
More Federal Support Pledged for Rural Hospitals
Feb. 5—The federal government plans to increase the number and variety of alternative payment models available for rural hospitals, which are facing growing financial pressures.
New Healthcare Partnerships and Technology Bring Real Competition to Health Systems
Robert P. Chamberlain discusses the move toward employer-offered health care and how health systems can compete.
Valuing Patients as Consumers
February marks National Wise Health Care Consumer Month. HFMA President and CEO Joe Fifer encourages healthcare finance leaders to reflect on what their organizations are doing to help patients and community members feel valued as consumers.