Why the future of healthcare finance belongs to whoever already has the data. Healthcare’s revenue cycle was built to run late. Every denial, appeal, reconciliation and audit rests on the same quiet assumption: the right answer arrives after the fact.…
Catholic Health System is closing Sterling Surgical Center in Orchard Park, N.Y., citing declining patient volume, and relocating its surgical services to other ASCs in its network, the health system confirmed in a statement shared with Becker’s. Sterling Surgical Center,…
Washington University in St. Louis, commonly known as WashU, recently received its largest gift: $200 million for the nation’s first school for public health since the COVID-19 pandemic. The Bursky Family Foundation — established by alumni Andrew Bursky, chair of…
Chicago-based Cook County Health, one of the nation’s largest public health systems, has launched a new website and communications toolkit to educate the public about looming Medicaid eligibility changes — and is positioning the effort as something other health systems…
Roughly 50 insurers signed an AHIP and Blue Cross Blue Shield Association commitment to standardize electronic prior authorization across most medical services, according to an April 24 news release. The approach will apply to services commonly requiring prior authorization, including…
Many health systems are treating climbing denial rates as a documentation problem. They’re not. They’re the output of a deliberate, structural shift in how payers operate—one that has outpaced what any human workflow can sustainably address. Initial claim denial rates…
Chicago-based Rush University System for Health predicts additional revenue capture after adopting automated coding and billing for infusions. The three-hospital system is integrating the solution from revenue cycle tech company Medaptus into its Epic EHR, expecting to bill 90% of…
While academic medical centers have long run on hospitals generating the margin, medical schools advancing education and research, and faculty practice plans delivering patient care, that three-part arrangement is under financial strain. Drawing on data from 61 AMCs, Vizient’s March…
Farmington, Conn.-based UConn Health’s March 1 acquisition of Waterbury (Conn.) Hospital from Los Angeles-based Prospect Medical Holdings will be supported by $148 million in bond anticipation notes as part of the University of Connecticut’s broader $582 million bond sale. The…
Los Angeles-based Cedars-Sinai has acquired the Beverly Connection shopping center for $270 million as it aims to expand its footprint and plan for future healthcare delivery in the region. Four things to know: 1. The roughly 10-acre retail complex sits…
