Healthcare News of Note: U.S. will be short 3.2 million lower-wage healthcare workers within 5 years, says Mercer
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Shortages of lower-wage healthcare workers, nurses, physicians and mental health staff are expected, PHI security and burnout are of concern to most healthcare professionals, and the pandemic is expected to affect health insurance rates.
Healthcare News of Note: Average billed charge for complex COVID-19 hospitalizations is more than three times the allowed amount
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: $317,810 is the average charge for a complex COVID-19 hospitalization, the pandemic has had a unique impact on people with disabilities, and transitional clinic care brings posthospitalization benefits for medically complex patients.
Survey: Hospitals and health systems prioritize automation technology and cybersecurity to battle pandemic
Most hospitals and health systems have yet to fully utilize automation technology, per an HFMA survey. Based on this research, one company broke down key takeaways such as top priorities for reduced spending including supply chain, IT and revenue cycle management.
Latest data shows positive financial trends for hospitals, but will the good news be fleeting?
June was a promising month in terms of hospital financial performance, but the delta variant of the coronavirus threatens to reverse many of the gains.
Study establishes a link between surges in COVID-19 cases and risk of mortality at hospitals
Statistical analysis shows nearly a quarter of COVID-19 deaths during the first six months of the pandemic could be ascribed to high caseloads at hospitals.
PwC report anticipates a 6.5% increase in healthcare costs in 2022, roughly in line with recent years
As the healthcare industry emerges from the COVID-19 pandemic, annual costs are expected to increase by slightly more than they did in recent pre-pandemic years.
Amid the COVID-19 pandemic, research finds hospital organizations looking to capitalize on the benefits of ‘systemness’
In a survey of hospital strategic planners, larger health systems were substantially more likely to report that their volumes had reached or exceeded pre-COVID-19 levels.
Gap between expenses and revenues narrows for community hospitals
Community hospital expenses moved closer to revenues between 2014 and 2018, according to the latest industry survey.
Financial Sustainability Report: January 2020
This January 2020 inaugural issue of the Financial Sustainability Report, sponsored by Kaufman Hall, features articles on creating care pathways to eliminate unnecessary variations in care and on creating a dashboard to reduce spend on high-cost medications.
Could value-based payment be used to shore up the Medicare trust fund?
September estimates that the Medicare hospital trust fund will be insolvent by 2024 could mean value-based payment will play a role in buttressing the fund.