Accounting & Financial Management
Starting salaries for both primary care physicians and specialists have shot up in the last 12 months, according to a 2016 report by Merritt Hawkins, a physician search firm and subsidiary of AMN Healthcare. The spike represents a rising demand for physicians and amid the growing doctor shortage, Merritt Hawkins said.
Cost saving strategies vary from health system to health system, but experts say close monitoring of labor costs is one of the most important areas that can affect an organization's finance structure.
Gundersen Health CEO Scott Rathgaber and CFO Dara Bartels have called a Health Affairs study published this week that dubbed Gundersen Lutheran Medical Center the most profitable hospital in the United States misleading and "simply not true."
A recent survey from the market research firm has found that that 87 percent of financially struggling hospitals now regret changing their EHR systems due to higher than expected costs, layoffs, declining inpatient revenues, disenfranchised clinicians and doubts over the benefits of switching systems.
Physician payments rates are on the rise across the United States, according to a national compensation survey released Friday from MD Ranger.
As hospitals and health systems face constant revenue stream pressures, financial managers are leveraging cost containment strategies that lean on population health, supply chain management and salary adjustments as a way trim costs.
We spoke to two financial leaders about the metrics they follow, their ideal analytics dashboard and how they interpret data to make decisions for their systems.
After years of losing money, River's Edge Hospital in St. Peter, Minnesota posted a profitable 2015 and is considering expanding the facility, an uncommon story for a rural, critical-access hospital.
UPMC on Monday said it will partner with Health Catalyst to take on the rising cost of healthcare by commercializing the healthcare system's cost management technology.
A group of the largest for-profit hospitals in the United States reported an average of 2 percent growth in organic patient volumes in the third quarter of 2015, but showed little ability to translate that growth into higher operating margins, according to a Fitch Ratings report.