As hospitals continue to look for ways to cut costs and wring more money out of their operations, they may want to explore a revenue cycle management approach, according to RevCycleIntelligence.
The U.S. Department of Health and Human Services has launched a contest to see who can design a hospital bill that patients can actually read..
It's been an open secret that most hospital bills have been unreadable for decades. The through line is pretty clear--my friend and colleague Lisa Zamoskywas sent home with single item $235.65 bill when she was born at the end of the 1960s. Much more recently, journalist/entrepreneur Steven Brill presented a bill for part of a medical procedure to Stephen Hemsley, CEO of UnitedHealth, for his translation services. Hemsley, whom I presume is no dummy, was unable to say what the bill actually represented.
This challenge is part of HHS' larger effort to put patients at the center of their own healthcare," said HHS Secretary Sylvia Mathews Burwell in a statement. "With today's announcement, we are creating progress toward a medical bill that people can actually understand and a billing process that makes sense--progress that includes creating a forum that brings everyone to the table: patients, doctors, hospitals, insurance companies and innovators."
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For the second consecutive year, healthcare CEOs in the Standard & Poor's 500 index were compensated millions of dollars more than their counterparts in other industries, according to an Associated Press/Equilar analysis.
The cost of healthcare coverage for an average household has topped $25,000 annually, according to a new report by Milliman.
The implementation of electronic health records systems on a large scale has damaged the bottom lines of many major healthcare organizations, Among them, according to Becker's Hospital Review, are heavyweight hospitals and healthcare systems such as the University of Texas MD Anderson Cancer Center in Texas and Partners HealthCare, the predominant provider network in Massachusetts.
Arizona's Medicaid program has won a narrow legal victory in state court regarding its ability to file liens against patients if they were hospitalized due to a personal injury and received a payment from a third party for damages.
The American College of Emergency Physicians has filed a lawsuit against the Department of Health and Human Services over emergency reimbursement rules it says run the risk of insufficient payments.
From Our Sister Sites
Coordinated Health Mutual Inc., Ohio's consumer operated and oriented plan, went into receivership to allow the failing company to wind down its operations over the next 60 days, the state's Department of Insurance announced. At the same time, HealthyCT, Connecticut's CO-OP, expects to be profitable in the first quarter of 2017, according to the New Haven Register.
Telemedicine is a viable option for treating diabetes among prison populations, according to a study published in Telemedicine and e-Health.