Budgeting

In light of the cadre of reform measures reverberating through the healthcare industry, hospitals are responding to the pressure by changing up their budgeting formats.

Last month, Paul R. Bengston, CEO of Northeastern Vermont Regional Hospital, a small, critical access hospital located in St. Johnsbury, Vt., was chosen to lead the American Hospital Association's Section for Small or Rural Hospitals in 2014. The 21-person governing council represents small or rural hospitals in the AHA's policy process and member services initiatives.

Honolulu's Kuakini Medical Center was anticipating an enormous capital investment to upgrade its energy systems, when a golden opportunity came along.

Squeezed budgets make it difficult to finance hospital equipment, so hospitals are turning to flexible equipment financing as a solution.

Back in the early 2000s, Mid-State Health Center was in dire need. The new CEO knew something had to be done immediately, but the facility didn't have access to appropriate funding. So, the CEO got creative.

Healthcare Finance News talked to Debra Miller, director of health policy for the Council of State Governments, about the top five health policy issues states are focused on in 2014.

If you haven't figured out an ICD-10 transition budget yet, it may be too late. But it's a good idea to get a handle on what it will cost you. Better late then never.

Hospitals in the state of Maine are bracing for an uncertain future in 2014. Maine is one of 23 states not planning on expanding Medicaid this year.

While certain key generic drugs will take billions in drug costs out of the healthcare system in the next 3 to 4 years, this anticipated decline in spending is masking the growth of specialty drug costs.

Ten years ago, executives at MaineGeneral Health, a rural healthcare system consisting of several acute care hospitals, physician practices, outpatient facilities and homecare services in central Maine, knew they had a decision to make regarding two of their facilities: they could upgrade their buildings or start from scratch.