Revenue cycle technology budgets rise to meet need for automation, AI and robotics, says new survey
See five areas where there is room for additional automation according to respondents in a recent survey. Also read about using AI in the revenue cycle and the benefits it brings hospitals and healthcare systems such as dealing with staffing challenges, dwindling margins and increased denial rates.
Reeling hospital industry shouldn’t anticipate a turnaround anytime soon
Amid persistent financial and operational turbulence for hospitals, it appears unrealistic to expect significant improvement in the near future.
How health systems can support underserved patients through in-home care
Finding a way to deliver high-touch care to vulnerable and underserved patients using the patient’s home as the primary point of care has become a strategic priority for providers. The strategic shift to a focus on in-home care for these populations stems from increasing pressure on health systems to lower the cost of care for populations they serve while solving for the challenges presented by social determinants of health.
David W. Johnson: Pizza, productivity and the impact of inflation on healthcare finance
The skyrocketing inflation of healthcare costs over the past decades has considerably reduced the value of healthcare in our country, and waste is largely at the root of the problem. A focus on eliminating healthcare waste is logically needed to foster a better, more productive life for all Americans,
Telehealth is primed for growth despite post-lockdown fade
If our nation is to achieve true cost effectiveness of health, virtual healthcare must play a pivotal role. Here, two health system leaders share lessons learned from their efforts to develop effective telehealth programs as a key component in their long-term value-focused care strategies, and two thought leaders weigh in on keys to telehealth success.
Healthcare News of Note: The nation could see an alarming nurse shortage by 2025
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Even fewer nurses are available to fill jobs as travel nurses leave the profession, most telemedicine visit diagnoses in certain specialties match in-person visit conclusions, and long-COVID-19 may be partially to blame for the U.S. labor shortage.
Inflation rattles hospital supply chain and labor pool with no end in sight
Strategies for combatting healthcare’s inflation challenges include partnering with other organizations to obtain supply discounts and boosting worker mental health.
New IDS merger aims to improve value and access for its communities
A case study of a merger of two health systems in the Pacific Northwest exemplifies a shift in focus among health system mergers toward creating transformative partnerships aimed at improving value and overall cost effectiveness. The authors recount steps that the new merged integrated delivery system (IDS) has taken to realize the merger’s primary goals.
CVS Health gains capabilities in home healthcare and value-based care with massive deal to buy Signify Health
CVS Health’s announced acquisition of Signify Health is a key step in the company’s efforts to establish a comprehensive healthcare network.
Healthcare News of Note: Healthcare workers are more emotionally exhausted as pandemic continues
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Most healthcare workers report higher levels of emotional exhaustion since 2019, new-patient wait times for certain specialties average 26 days, and large health disparities are seen among those with employer-sponsored healthcare coverage.