Healthcare News of Note: Medicare would save $8 billion a year if all hospitals achieved the outcomes of the most cost-efficient performers, says Lown Institute
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: America’s most cost-effective hospitals are identified, employers have boosted telemedicine and mental health benefits during the pandemic, and risk-based Medicare Advantage models gain popularity with health systems.
All the things they don’t teach you in med school (and why they should)
Dr. Glenn Hardesty of Texas Health Resources and Stu Schaff of Intentionate Healthcare Advisors discuss how administrative burden deteriorates physician job satisfaction and well being, and how leaders can help.
Rising to the moment: Addressing COVID-19’s challenges by advancing data interoperability
Improved interoperability in healthcare data exchange has been one byproduct of the COVID-19 pandemic that may ultimately help improve the delivery of care — as well as its cost effectiveness — in the United States.
HFMA presents its highest achievement award to frontline healthcare staff in recognition of their work during the COVID-19 pandemic
The presentation of the Richard L. Clarke Board of Directors Award was meant as a salute to the immense sacrifice and overall contribution to healthcare of frontline workers during the pandemic.
Healthcare News of Note: Patients in the U.S. shouldered more than $21B in cancer care costs in 2019
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: U.S. patient cancer care costs totaled $21.09 billion in 2019, healthcare safety scores fell amid the pandemic, and states are leveraging MCO contracts to improve community SDOH.
CMS finalizes changes to the price transparency penalty, inpatient-only list and more for 2022
Medicare policies affecting price transparency, the inpatient-only list and more will take effect Jan. 1 after CMS published its 2022 final rule for hospital outpatient departments and ambulatory surgical centers.
Payment approaches to addressing health equity are seen in a new Medicare rule for kidney care
Updates to a Center for Medicare & Medicaid Innovation care model for end-stage renal disease include an equity-related bonus payment and associated changes to benchmarking.
The impact of COVID-19 further shows the need to modify federal pay-for-performance models, hospital advocate says
Quality measures derived during the COVID-19 pandemic are not an accurate gauge of hospital performance in federal programs such as Value-Based Purchasing.
Currance: Transforming revenue cycle outcomes using AI technology
One company’s AI technology solution helps revenue cycle teams with tools to deliver 2% to 6% additional earned revenue to healthcare systems’ bottom line.
The Medicare area wage index likely needs a revamp, MedPAC members say
Wage index adjustments leave some hospitals at a disadvantage and are costly for the Medicare program, according to policy advisers.