Here are five articles published by Becker's Hospital Review this past week that offer insight on the reimbursement pressures Massachusetts hospitals are facing, the clinician's role in revenue cycle management, Medicaid expansion and more.
1. Math errors, Medicaid changes cause reimbursement pressures for Massachusetts hospitals
A cap on MassHealth reimbursement could serve a financial blow to Massachusetts hospitals in fiscal year 2017.
2. The clinician's role in RCM: 3 questions with McKesson's Dan Mowery
Clinicians play a critical role in revenue cycle management, as reimbursement is increasingly impacted by clinical outcomes and patient experience.
3. More companies give prominence to GAAP accounting figures
Eighty-one percent of S&P 500 companies that reported financial performance since July 1 included results that conform with Generally Accepted Accounting Principles at the top of news releases outlining their financials. That's up from 52 percent that did so when reporting financial performance for the first quarter, according to an Audit Analytics analysis conducted for The Wall Street Journal.
4. Texas hospitals could save $358M yearly on uncompensated care if state expands Medicaid
Texas hospitals will see the cost of uncompensated care reach $8.2 billion in fiscal year 2017 if supplemental payments, which are currently distributed through the Medicaid 1115 Transformation Waiver, cease after the waiver expires, according to an independent study conducted by Health Management Associates on behalf of the Texas Health and Human Services Commission.
5. The makeup of the millennial patient — 18 things to know
Born between 1982 and 2022, millennials are changing the platform of healthcare. They are not just the largest U.S. generation, but they also possess a great purchasing power.
More articles on healthcare finance:
Cleveland Clinic's operating margin slips in first half of 2016
23 Massachusetts hospital CEOs, public officials named to state commission to study healthcare price variation
Northwell Health's finances steady despite insurance division losses