Accounting & Financial Management

Sutter Health's combined 2014 operating income from the day-to-day operations of its hospitals, care centers and other services was $419 million, compared to a loss of $22 million in 2013.

Hospital financial planning is no longer simply a forecasting and budgeting exercise, but needs to reflect the effect of various initiatives and scenarios contained in increasingly complex strategic plans.

CEO Ram Raju wants to grow the health system's patient base to 2 million people and double the enrollment of its Metroplus health plan.

Finance VP at Florida Hospital explains how consumer trends are impacting patient engagement efforts.

According to the nonprofit healthcare provider, operating revenue was $4.3 billion in the second quarter compared to $3.5 billion in the prior period.

It is important to both health plans and providers that the originator of an Electronic Funds Transfer (EFT) is easily and correctly identified, and that associated Electronic Remittance Advice (ERA) is sent in a timely manner, to eliminate the need for time-consuming follow-up.

A healthcare revolution is underway and a fundamental change in healthcare delivery and payment models is taking place. Only highly-integrated networks with proven care management capability will be optimally positioned to compete in the new environment.

Glenn Haggstrom presided over a medical center project in Aurora, Colorado that ballooned from an expected $328 million to more than $1.7 billion.

Some health systems are trying to help patients avoid high-cost bills altogether, by working with insurers to craft value-based plans that offer low out-of-pocket costs.

Hospital chief financial officers have indispensable business intelligence towards managing costs surrounding supply chain purchases.