Accounting & Financial Management
For-profit hospital operator LifePoint Hospitals saw its third quarter revenues increase 29 percent from the same period in 2013. The company also raised its net revenue guidance for 2014 from $4.45 billion to $4.5 billion.
While some health systems are reluctant to publish prices without reforms of insurance practices and proper context for patients, some are trying to embrace transparency as a new model. Washington State's Everett Clinic is one of those pioneers.
In the past, hospitals had one role: deliver care. But in recent years, some of the largest hospitals and health systems have assumed the financial risk of delivering care. In the past, hospitals had one role: deliver care. But in recent years, some of the largest hospitals and health systems have assumed the financial risk of delivering care.
Variation is a scary concept for providers, whether you're talking about healthcare costs or outcomes of care delivery. It's inevitable, and part of the day-to-day routine for any hospital. But variation can put patients at risk, incur penalties and negatively impact a provider's reputation.
Insurance industry margins are only about 5 to 6 percent and it is a notoriously difficult business to run. Still, providers are increasingly moving into the insurance industry, and for some, it has been a good addition to their business model.
HCA's bet on walk-in clinics in a bustling metropolitan area is the latest evidence of the urgent need to improve and diversify the customer experience.
It's never been more difficult for healthcare providers to collect payment for services provided. These recommendations will help you get the most from your efforts and avoid costly mistakes.
Following an "industrial model of care," New York's Westmed Medical Group analyzes data from more than 2,200 processes and procedures to drive accountability and results. This has led to 15-fold growth and $285 million in annual revenue.
Employment and buyout agreements are usually referred to as "governance documents" for physician practices, and there are more than just these two. But do medical practices really need such documents?
The Texas hospital that wrongfully discharged now deceased Ebola patient Thomas Eric Duncan is already experiencing financial repercussions from the clinical slip-ups associated with the deadly virus.