Organizations that aim to boost patient collections should consider creating a consumer-friendly patient portal, according to the senior director of revenue cycle for Cincinnati Children's Hospital Medical Center.
In order to survive--and thrive--in today's evolving healthcare climate, a hospital CFO must move beyond the numbers and become a "business person," Peter Sheahan, founder of ChangeLabs, told attendees of this week's Healthcare Financial Management Association's annual conference in Orlando, Florida.
Two for-profit hospital chains own nearly 80 percent of the nation's hospitals that have the highest cost-to-charges markups in the United States.
The annual gathering of the American Society of Clinical Oncology is usually a showcase of the latest cancer treatment therapies and breakthroughs, but this year's conference in Chicago featured something new: A highly visible gripe session about the cost of drugs used to treat patients.
The number of adults struggling to pay their medical bills has been reduced in the wake of the Affordable Care Act, according to a new report from the Urban Institute's Health Policy Center.
In an exclusive interview with FierceHealthFinance, Dennis Laraway, executive vice president and chief financial officer of Memorial Hermann, an integrated not-for-profit health system that serves the Greater Houston area, explains how a new "Amazon-like" digital platform has simplified the way patients can pay their medical bills.
Cutting costs in healthcare organizations often requires standardization and collaboration, tasks that are far easier said than done at large systems such as Kaiser Permanente, Providence Health & Services or Ascension Health.
Subscontractor snafus have caused some embarrassment for the management of an Indiana hospital and also enraged some of its patients, the Richmond Palladium-Item reports.
Embattled hospitals still have options to update their revenue cycle management systems, according to Becker's Hospital Review.
Rising healthcare costs have been haunting both the sector and individual Americans for decades, but what if the recent slowdown in increases is actually permanent? That's the argument of Temple University economics professor Tom E. Getzen, who also serves as executive director of the International Health Economics Association.