Healthcare Finance News

Time 2020-07-02 19:02:52

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July 2 | Jeff Lagasse Telehealth is especially important for rural hospitals Despite the benefits, barriers remain in place, preventing the widespread, long-term use of the service. YOUR DAILY DOSE OF HEALTHCARE FINANCE No subscriptions were selected or subscribe error happened.Please contact the customer service. Thank you Payers: Powering the Member Experience, Why a Data Strategy MattersMay 15Healthcare payer organizations are looking to new classes of data to enhance member experiences, In a recent survey, industry leaders sounded off on their priorities.Powering the Member Experience: Why a Strong Data Strategy MattersMay 15Like other savvy digital consumers, health plan members expect meaningful, flexible, and personalized experiences. Learn how payers are deploying data strategy to raise the bar. View all whitepapers Payers: Powering the Member Experience, Why a Data Strategy MattersMay 15Healthcare payer organizations are looking to new classes of data to enhance member experiences, In a recent survey, industry leaders sounded off on their priorities.Powering the Member Experience: Why a Strong Data Strategy MattersMay 15Like other savvy digital consumers, health plan members expect meaningful, flexible, and personalized experiences. Learn how payers are deploying data strategy to raise the bar. View more Developing and Implementing a Patient Engagement StrategyMay 12Today's complex healthcare ecosystem requires a personalized experience in order to help patients navigate the most appropriate care journey. To be successful, strategies must be put in place to drive patient engagement that educates, facilitates communication, improves outcomes and ultimately reduces costs. This has become even more critical with COVID-19 as payer and provider organizations work together to implement virtual care to assess risk, triage care and provide prescription services.From Zero to 100: A Practical Framework to Jumpstart Your Test Automation ProgramApril 27In this session, we will discuss challenges related to setting up your automation program, how to unlock the potential of test automation and how to determine which workflows can be automated. We will show you how using artificial intelligence (AI) to analyze your applications can identify patterns of defects and prevent them in the future. View all webinars Developing and Implementing a Patient Engagement StrategyMay 12Today's complex healthcare ecosystem requires a personalized experience in order to help patients navigate the most appropriate care journey. To be successful, strategies must be put in place to drive patient engagement that educates, facilitates communication, improves outcomes and ultimately reduces costs. This has become even more critical with COVID-19 as payer and provider organizations work together to implement virtual care to assess risk, triage care and provide prescription services.From Zero to 100: A Practical Framework to Jumpstart Your Test Automation ProgramApril 27In this session, we will discuss challenges related to setting up your automation program, how to unlock the potential of test automation and how to determine which workflows can be automated. We will show you how using artificial intelligence (AI) to analyze your applications can identify patterns of defects and prevent them in the future. View more PreviousNext Reimbursement Trinity Health is expecting $2B in losses The health system said federal funding doesn't cover operating losses incurred during the public health crisis. More... Revenue Cycle Management CFOs look to tech for COVID-19 recovery Only 12% of CFOs expect they will need to cut or defer spending on their financial systems' digital transformation. More... Strategic Planning Health Plan Partners adds Children's Hospital of Pennsylvania Effective July 1, the provider agreement makes all Children's Hospital of Pennsylvania facilities and physicians in-network. More... Capital Finance Healthcare real estate remains attractive to investors Rent deferments will help some hospitals in the short term while the interest will make real estate companies whole by year's end. More... Supply Chain Premier: National stockpiling standards are needed A national strategy is needed to avoid redirecting supplies away from front-line caregivers, the survey concluded. More... Accounting & Financial Management COVID-19 is not causing credit downgrades The coronavirus is mainly affecting the credit outlook for the rest of the year and beyond as hospitals adapt to new financial realities. More... Budgeting Benefits of a dynamic budgeting process With a labor-intensive budgeting process that provided little business value, OSF Healthcare decided it was time to be more flexible. More... Quality and Safety Mayo Clinic announces advanced care at home The model's services include skilled nursing, medications, infusions, behavioral health, imaging and laboratory services and rehabilitation. More... Billing and Collections Blue Shield of California offers providers $200M Nonprofit insurer is working with two financial-services partners to provide financing guarantees, advance payments and restructuring of contracts. More... Claims Processing Epic connects with HCSC on payer data exchange platform The collaboration with Health Care Service Corporation, billed as Epic's first such project with a payer organization, will help health plans more easily review data for managing claims and prior authorization. More... Workforce Health workers need behavioral health during pandemic Proper prevention, treatment and management can help to mitigate the trauma and stress of being on the front lines. More... Operations Bright Health Plan to expand in 2021 It will expand access to its Medicare Advantage, individual and family-plan products, and to add fully-insured small business plans. More... Medical Devices Report says Abbott's FreeStyle Libre 14 day system cuts diabetes management costs The study found that flash continuous glucose monitoring system can cost about 60% less than traditional methods. More... Hospital/physician relations Poor EHR training brings down provider satisfaction The research shows significant variability in EHR satisfaction among specialties, but high-quality training can help. More... Construction & Facilities Management Kaiser Permanente cancels $900M headquarters The decision is unrelated to the current COVID-19 coronavirus pandemic, Kaiser says. More... Compliance & Legal Ten indicted in $1.4B multi-state hospital testing fraud scheme The defendants allegedly used their management companies to take over rural hospitals in financial trouble and then used them to bill for testing. More... Policy and Legislation Trump asks Supreme Court to end ACA The administration claims the law is unconstitutional without the individual mandate. More... Community Benefit Program at Parkview is tackling SDOH By using a personal, community-based approach, Parkview was able to realize savings by cutting unnecessary ED utilization. More... Accountable Care Blue Shield California pilot includes value-based reimbursement  A real-time claims initiative is available statewide to help generate better cash flow for providers facing economic hardship during COVID-19. More... Acute Care New Orleans hospitals shows coronavirus effects on ED Non-COVID-19 deaths are on the rise, most likely linked to a decrease in deferred care. More... Ambulatory Care Med schools, teaching hospitals are 3% of GDP The institutions that were studied added more than $562 billion in value to the nation's economy in 2017, including direct and indirect economic impact. More... Analytics HIEs in Colorado have lowered costs for inmate care The goal was to improve outcomes, reduce the recidivism rate and send inmates back into the communities with coherent care plans. More... Business Intelligence HCCI: Price of healthcare is growing, utilization is dropping, price variations persist Report analyzed more than 1.8 billion commercial healthcare claims and data visualization to benchmark prices and use across 112 metropolitan areas from 2012 to 2016. More... ICD-10 & Coding Practices keeping close watch on risk adjustment coding Doctors need to carefully and properly use the HCC codes, which indicate the expected costs for a patient. More... Meaningful Use CMS overhauls meaningful use as 'Promoting Interoperability' Administrator Seema Verma said changes to the program eliminate 25 measures and saves hospitals over 2 million hours of work and $75 million. More... Medicare & Medicaid HHS has reduced Medicare appeals by 43% The reduction is linked to a federal court ruling that established annual deadline-based targets. More... Patient Engagement Loneliness is an issue for COVID-19 patients that tech alone can't solve Former employee and HIMSS board member Frank Cutitta just marked his 100th day recovering from the coronavirus. More... Pharmacy Compounded drug market needs transparency Providers, compounders, individual states and the FDA all have roles to play in stemming drug shortages during the pandemic. More... Population Health Chicago hospitals call out racism Citing historical injustices, the hospitals pledged action to combat a health system rife with racial inequities. More... Risk Management Cybersecurity needs to be put in business terms IT security is a legacy word, says Brian Selfridge: "This isn't cybersecurity, this is risk." More... Telehealth Telehealth is especially important for rural hospitals Despite the benefits, barriers remain in place, preventing the widespread, long-term use of the service. More... Mergers & Acquisitions M&A is down, but not as much as expected There was only a slight year-over-year dip in transactions recorded during the second quarter, suggesting a continued strategic rationale. More... Data Analyst - Northeastern Vermont Regional Hospital - St Johnsbury, VTSt Johnsbury, VTMedical Director, Telehealth Services - Acclaim Physician Group, a partner with JPS Health Network - Fort Worth, TXFort Worth, TXLead Systems Engineer - Health Current - Phoenix, AZPhoenix, AZHealth Research Scientist - Agency for Healthcare Research and Quality (AHRQ) - Rockville, MDRockville, MDProject Manager EHR/Senior - HEALTH CARE DISTRICT OF PALM BEACH COUNTY - West Palm Beach, FLWest Palm Beach, FLView more Most Popular PreviousNextFalse-negative COVID-19 tests highlight need for testing accuracyInfected people who test false-negative and are asymptomatic may not be isolated and can consequently...UPDATED LIST: Medicare Advantage star ratings for 2020 show more 4 star or higher plansThere are 1,200 more MA plans than in 2018 and in 2020 a greater number...Secret weapon: UnitedHealth's Optum business is laying waste to old notions about how payers make moneyEntering the healthcare services market might just be the answer to offset risk-laden insurance products.COVID-19 impact on hospitals worse than previously estimatedFactors such as how many patients would need ICU treatment, average length of stay and...Physician, hospital spending sinks to lowest point in more than 10 yearsThe cancellation of elective procedures and low patient volume are the main culprits, while analysts...Emergency department visits are down 42% across U.S. due to COVID-19Younger patients are driving this decline, as the biggest dip was seen among children younger...Telehealth claim lines increased more than 4,000% in the past yearWith fewer elective procedures due to widespread restrictions, the telehealth share of total medical claim...Number of cybersecurity attacks increases during COVID-19 crisisHackers are taking advantage of provider distraction to breach health systems.CEOs say decisions made during time of crisis will impact future strategies"We're at the beginning of defining what omnichannel means for health," says CVS Health CEO...Hospital staffing shortages face new competition from Amazon, Apple and other disruptorsBecoming the employer of choice means facing the challenge of creating an exceptional employee experience.List: 769 hospitals fined for medical errors, infections, by CMSThe punishments come in the third year of Medicare penalties for hospitals with patients most...Hospitals continue to struggle with job losses as other areas of healthcare rebound in MayHospitals lost 27,000 jobs in May, showing they have yet to recover financially.OptumRx report highlights three drugs that have potential to improve outcomes, reduce costsDrug Pipeline Insights Report identifies an industry trend in antibody-drug conjugate drugs, which are an...CMS releases first star ratings for home health, few earn 1 star; See the listOnly 51 home health agency received the lowest rating, while over 2,000 received the top...Uber Health's non-emergency medical transportation platform addresses the social determinantsProviders can schedule rides for patients, get real-time GPS tracking and message drivers.

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Healthcare Finance News is the industry’s business newspaper, offering healthcare financial managers comprehensive news coverage of the unprecedented financial challenges faced by healthcare providers and payers in light of skyrocketing healthcare costs, regulatory developments and diminishing reimbursements.

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