The COVID-19-induced surge in healthcare labor costs is testing hospitals and health systems
Struggles with the pandemic’s financial impact on the healthcare workforce leave few alternatives besides innovation, say industry experts and leaders on the front lines.
Medicaid expansion doesn’t appear to bolster finances or operations at critical access hospitals, study finds
Changes in operating margin, staffing ratios and quality metrics didn’t hinge on whether a critical access hospital was in a state that had expanded Medicaid.
Revenue cycle innovation: How automation can mitigate the financial impact of COVID-19
These four tips will help hospital financial leaders lessen the economic impact of COVID-19 now and in the future: Build and retain a core revenue cycle team, contain labor costs, redeploy talent more effectively and enhance revenue integrity.
How to address the looming healthcare employment crisis
Healthcare organizations can best prepare for an anticipated labor shortage and other workforce challenges by adopting a holistic and proactive approach to human capital management as a discipline, with the goal of promoting greater employee engagement and satisfaction.
10 states file lawsuit to halt CMS’s new rule requiring healthcare staff to be vaccinated
The suit says CMS didn’t have a good rationale for implementing the mandate and failed to follow required procedures for handing down such regulations.
Cost Effectiveness of Health Report, November 2021
The November HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, features stories that explore the growing trend toward delivery of healthcare at home, as reflected in CMS’s Acute Hospital Care at Home waiver and a unique senior-care-at-home approach in Southern California that has national implications. The report also includes features that explore leading health systems’ innovative venture investing strategies and the need for more proactive approaches to addressing workforce challenges facing the industry.
Provider Relief Fund updates: First reporting deadline is imminent, and new distributions have been sent to rural providers
Providers have until Nov. 30 to report on their use of distributions received from the Provider Relief Fund during the first several months of the COVID-19 pandemic.
Cost Effectiveness of Health Report, October 2021
The October HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, presents Part 2 HFMA’s of Healthcare 2030, which examines workforce challenges facing healthcare organizations and the types of response that will be required to meet those challenges. Also included is an interview with HFMA’s Todd Nelson, who explains why it is so important for all stakeholders in the United States to work collaboratively toward improving cost effectiveness of health in the United States.
COVID-19 pandemic continues to have adverse impacts on hospital performance improvement efforts, survey says
Supply chain disruptions, labor shortages and rising expense costs caused by the COVID-19 pandemic continues to efforts of the nation’s hospitals and health systems to improve their performance, a Kaufman Hall survey found.
Healthcare News of Note: 53% of U.S. adults say they prefer in-person healthcare to telehealth visits moving forward, survey says
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: A majority of people prefer in-person healthcare to telehealth visits, patients have trouble grasping information during doctor visits, and Walmart taps an Ochsner exec to lead its healthcare expansion.