News
Healthcare industry stakeholders reacted quickly to President Barack Obama's victory over Republican challenger Mitt Romney. Healthcare Finance News shares some of the comments it has received.
Despite President Barack Obama's victory over Republican challenger Mitt Romney, a significant amount of work must be accomplished in the next four years to ensure that the next president cannot uproot the ACA via "repeal and replace."
WellPoint Inc. on Wednesday reported net third quarter income of $691.2 million -- $2.15 per share -- an increase compared with same period last year, when it reported net income of $683.2 million, or $1.90 per share. The third quarter increase marks the first time since the first quarter of 2011 the company has produced a quarterly earnings increase.
Increased provider communication leads to decreased readmissions, higher care quality
Tom Siemers
CEO, Dosher Memorial Hospital
Southport, North Carolina
President Barack Obama's victory cements the Affordable Care Act, expanding coverage to millions but leaving weighty questions about how to pay for it and other care to be delivered to an increasingly unhealthy, aging population.
A study published last week by The Commonwealth Fund found that hospital sustainability efforts could save the healthcare industry up to $5.4 billion over five years and $15 billion over 10 years.
Patient participation in the payment for healthcare services has become more complex and challenging for healthcare providers. It is critical that providers receive payment in full for the services they provide as quickly as possible by overcoming some of the basic challenges in the payment collection process and by better understanding their customers and their propensity to pay.
Because healthcare providers operate in a highly regulated industry, most recognize that it is more a question of when, rather than if, they will be subject to a government investigation.
When I connected with bestselling author Patrick Lencioni before he spoke at the Medical Group Management Association's annual conference in San Antonio on Oct. 23, I asked him about the central message he intended to deliver in his speech.