Accounting & Financial Management
The downside of participating is ambiguity over whether the release extends to claims in the ordinary course of business, attorney says.
The health system based its decision on what it called "mismanagement" at the Prospect facilities.
Providers have partially offset a lower patient collection rate by improving POS collections and collection on bad debt.
HIMSS25
A HIMSS25 session looks at how EHR sharing lowers the cost burden of infrastructure, staff, security and overhead, says David Winn, vice president for Parkview Community Connect at Parkview Health.
Payouts by public healthcare companies have tripled since 2001, report says.
The hospital segment showed 9% growth, despite the divestiture of 14 hospitals.
Sequestration and bad debt reimbursement continue to place added pressure on revenues.
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Gradually transitioning from cash to digital payments can help manage patient expectations.
The company's new CFO says Humana needs to become better at predicting upcoming industry headwinds.
Layoffs are due to a $250M financial gap over the next two years combined with poor financial performance in recent years.