Hospitals' costs are climbing steadily — driven by chronic underpayments from payers, growing administrative requirements and increasing labor costs, according to a new report from the American Hospital Association.
The Trump administration’s steep tariffs on Chinese imports are threatening to further destabilize hospitals’ bottom lines by driving up the cost of essential supplies and exacerbating already fragile supply chains. As providers prepare for higher expenses and potential shortages, experts warn that these policies could worsen care quality and force hospitals to make tough financial decisions — from cutting services to delaying tech upgrades.
This webinar will explore how a banking platform approach could be the resource for your company.
House Republicans proposed Medicaid cuts last month that would have disastrous financial consequences for hospitals, especially for those in rural areas. While the plan aims to reduce government spending, healthcare executives are pointing out that these cuts would actually exacerbate the financial instability of the overall U.S. healthcare system — as well worsen health outcomes for millions of people, many of whom are children.
Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry.
In this month’s episode, Senior Reporter Katie Adams discussed some of the executive moves, exits and layoffs that occurred recently in the healthcare sector. She also interviewed Claire Zangerle, who was appointed as chief nurse executive of the American Hospital Association, as well as CEO of its American Organization for Nursing Leadership.
Hospitals are facing increasingly burdensome policies from commercial insurers, leading to problems with cash flow and patient safety. Hospital executives think federal regulators need to enact stricter policies that require payers to operate on faster timelines, as well as provide more transparency into their reasons for denying claims.
Finding the best analytics tools for health care revenue management can revolutionize operational processes. Compare the leading software options to discover helpful team resources.
Here is a selection of recent executive hires, retirements, promotions and layoffs occurring across the healthcare industry.
CMS finalized a rule this week that will boost hospitals’ inpatient payment rates by 2.9%. Hospitals groups are unhappy with this payment update, arguing that it is insufficient and will exacerbate hospitals’ financial challenges.
The American Hospital Association sent letters to the Senate and House urging them to support legislation that would prevent the CMS from enforcing its final rule on minimum staffing requirements for long-term care facilities. The organization argued that the mandate could lead nursing homes to reduce capacity or close altogether.
CMS released a proposed rule this week that would boost hospitals’ inpatient payment rates by 2.6%. Hospitals groups have swiftly denounced this plan, arguing that this payment update is insufficient and will jeopardize hospitals’ financial stability.
Health care professionals can refer patients to the best options for diagnostic imaging covered by Medicare to give more people the medical assistance they need without extra financial stress.
Establishing site-neutral payments for outpatient services is a hot issue in Capitol Hill right now. Advocates say that such policy would lower healthcare costs, saving both patients and taxpayers money. Opponents say that it would put hospitals’ financial security at risk and jeopardize access to care.
The American Medical Association, American Hospital Association and other provider groups are suing the Department of Health and Human Services over a small but important detail of how it is implementing surprise billing legislation. They argue that the arbitration process for unresolved disputes currently favors insurers.
As providers ask Congress for additional funding, the American Hospital Association published a report showing that hospitals are expected to lose more than $200 billion in Covid-19 expenses and lost revenue.
The American Hospital Association and the Association of American Medical Colleges sued CMS over a planned $800 million reduction in payments for hospital outpatient services in 2020. The two groups won a similar lawsuit in 2019.
The new proposed rules also include enforcement tools for bad actors including monitoring, auditing, corrective action plans and monetary penalties of $300 a day.