Scrutiny in the Steward Health Care scandal
Nick Hut and Shawn Stack discuss the continuing bankruptcy proceedings of Steward Health Care and refusal of system CEO Ralph de la Torre to testify before the Senate.
Healthcare Finance Trends for 2024
This new report mines Commerce Bank’s ongoing industry research to update the analysis and inform current planning.
Research Conducted by HFMA
This collection of partnered research covers a broad range of healthcare finance topics. Some of which are: finance and business strategy, leadership, revenue cycle management, technology and operations.
Senate hearing on Steward Health Care depicts consequences of hospital management decisions (updated-2)
Note: This story was updated Sept. 26 and Sept. 30 with additional news, including a lawsuit filed by now-former CEO Ralph de la Torre. After the CEO of Steward Health Care rebuffed a subpoena to appear Thursday at a Senate committee hearing, members and invited panelists used the occasion to bemoan the company’s hospital ownership…
Leveraging a Clinical Asset Management Solution to Optimize Capital Planning
A nationally recognized academic medical center was looking to improve their capital planning process to optimize their clinical asset inventory and drive savings. By implementing a comprehensive clinical asset management solution that leveraged advanced analytics and the expertise of a TRIMEDX strategic advisor, the health system was able to improve visibility to their inventory, identify areas of process improvement, validate equipment purchase requests, and uncover alternatives to device replacement that optimized their current clinical assets.
Supporting financial health with clinical asset reallocation
Clinical assets account a quarter of health systems’ capital expenses, presenting an untapped financial lever. TRIMEDX brings unhindered visibility to health systems’ entire clinical asset inventory and proactively provides actionable recommendations to uncover optimization and cost savings opportunities.
Lease administration: The key to reducing business risk and expenses
Your lease portfolio represents one of the largest business expenses within your budget. Download this white paper to learn how to take control of your leases.
The financial state of the not-for-profit hospital sector: key takeaways from the latest medians
The financial condition of the U.S. not-for-profit (NFP) hospital industry can be described as steadily improving but still struggling, according to insights from two of the three main credit-rating agencies. Fitch Ratings and S&P Global both recently issued reports on sector medians, using audited data from 2023. The companies described an industry that has rebounded…
Hospitals see a margin advantage as care migrates to the outpatient department
The site-of-care shift toward the outpatient setting increasingly is manifesting in margin per case, according to recent financial data. “While overall margins for both inpatient and outpatient hip and knee replacement surgeries have declined, outpatient procedures now have higher margins than inpatient procedures,” Strata Decision Technology wrote in its Performance Trends Report for Q2 (registration…
From Strategy to Operations
This white paper explores the pivotal role of outpatient and ancillary services in addressing these challenges and outlines a strategic revenue approach to change ancillary services from a cost center to a profit center.