Budgeting

The Green Mountain Care Board (GMCB) recently outlined its second year of work as it helps guide the state toward a publicly financed single payer healthcare system by 2017.

As healthcare providers brace themselves for big changes to reimbursement models, many are taking a conservative approach to their capital budgets. As a result, capital spending in 2013 will likely be flat or slightly down compared to 2012, predict experts at several healthcare group purchasing organizations.

With the implementation of the Affordable Care Act (ACA) over the next few years there are going to be several new fees for both health insurers and employers sponsoring self-insured health plans that go into effect.

Hospitals and medical practices across the country have continued to increase their privacy and security budgets over the past five years, said a new HIMSS survey released Wednesday. Officials, however, say the percentage of the budget dedicated to these issues is still cause for concern.

While construction projects are affected by the rising prices in supplies, it will lead to engineers and architects finding more efficient building techniques. This applies especially to healthcare construction projects.

The ICD-10 transition budget will help you assess how much ICD-10 implementation will cost. It's going to cover the resources needed for training, testing, compensating for decreased productivity and support implementation activities.

I am heartened by the release of the Report of the State Budget Crisis Task Force, which highlights the fact that state finances are a mess and likely to get worse. The report identifies six big threats.

As recent studies have shown, health systems across the country are increasing their IT spending in the next five years or so. Given that, it is imperative that chief information officers and chief financial officers partner to create strategic budgets said a CIO and CFO during an education session Tuesday at HFMA's national conference in Las Vegas.

With an increasing number of healthcare organizations realizing they need to focus on labor costs, their largest operating expense, technology companies that provide budgeting and forecasting software are bringing the accurate data and predictive information to organizations right when they need it most.

A broad survey of organizations within the healthcare industry show that pay increase budgets -- the money allocated primarily for pay raises of existing employees -- rose a modest 2.5 for 2012, according to Compensation Data Healthcare from Compdata Surveys.