Today's Top 20 Health Finance Stories
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RCM provider Panacea to launch strategic pricing system
Panacea, a provider of revenue cycle management, smart software and enterprise-level educational solutions, will reveal its Hospital Zero-Base Pricing strategic pricing system this month. - 6/20/18 -
5 things to know before HFMA's 2018 meeting
The Healthcare Financial Management Association will host its annual conference June 24-27 in Las Vegas. - 6/20/18 -
Tariffs are 'an assault' on the healthcare industry, Premier says
The Trump administration will move forward with a 25 percent tariff on medical and surgical products imported from China — a move healthcare improvement company Premier calls an assault on the healthcare industry because will hurt hospital margins. - 6/20/18 -
This week's 5 must-reads for hospital RCM leaders
Here are five articles recently published by Becker's Hospital Review on revenue cycle management hires, insights into bad debt recovery and more. - 6/20/18 -
Tech glitch blamed for $19M billing error on Colorado patient statements
Memorial Regional Health in Craig, Colo., is citing a technical glitch as the reason for a $19 million charge on statements, reports the Craig Press. - 6/20/18 -
S&P upgrades Froedtert Health's rating to 'A'
S&P Global Ratings upgraded Wauwatosa, Wis.-based Froedtert Health's bond rating to "AA" from "AA-." - 6/20/18 -
S&P revises Glencoe Regional Health Service’s outlook to negative
S&P Global Ratings affirmed its "BBB" long-term rating on Glencoe (Minn.) Regional Health Service's revenue bonds and revised the outlook to negative from stable. - 6/20/18 -
Massachusetts lawmakers further $337M in assessments on insurers, large hospitals to support community hospitals
The Massachusetts House has approved a measure that uses $247.5 million in assessments on insurers and $90 million on large hospitals to provide community hospitals with financial stability, reports State House News Service. - 6/20/18 -
10 hospitals seeking CFOs
Below are 10 hospitals and health systems that posted job listings seeking CFOs during the past week. - 6/19/18 -
Moody's affirms 'A1' on CaroMont Health
Moody's Investors Service affirmed its "A1" rating on Gastonia, N.C.-based CaroMont Health, affecting $130 million of outstanding rated debt. - 6/19/18 -
Fitch affirms 'AA-' rating on University of Chicago Medical Center
Fitch Ratings affirmed its "AA-" rating on University of Chicago Medical Center's bonds, affecting $750 million of debt. - 6/19/18 -
Fitch affirms 'A' rating on Karnes County Hospital District
Fitch Ratings affirmed its "A" issuer default rating on Kennedy, Texas-based Karnes County Hospital District. Fitch also affirmed its "A" rating on the district's $45.1 million series 2014 revenue bonds. - 6/19/18 -
Fitch affirms 'A' rating on Hartford HealthCare's bonds, removes rating watch negative
Fitch Ratings affirmed its "A" rating on Hartford (Conn.) HealthCare's bonds, affecting $803 million of debt. - 6/19/18 -
Fitch affirms 'AA' rating on NewYork-Presbyterian
Fitch Ratings affirmed its "AA" rating on New York City-based NewYork-Presbyterian's series 2015 and 2016 bonds, affecting $1.6 billion of debt. - 6/19/18 -
Fitch downgrades Spartanburg Regional Health Services District to 'BBB'
Fitch Ratings downgraded Spartanburg (S.C.) Regional Health Services District to "BBB" from "A," affecting $123.8 million of debt. - 6/19/18 -
35 RCM hires so far in 2018
The following organizations offering revenue cycle management-related services have announced new hires this year: - 6/19/18 -
74 RCM service expansions so far in 2018
Here are 74 revenue cycle management service expansions involving healthcare vendors and providers implemented or announced this year: - 6/19/18 -
21% of hospitals don't have a bad debt recovery strategy, survey finds
Though hospitals continue to grapple with bad debt, some still have not implemented recovery efforts, according to a new survey. - 6/19/18 -
RCM tip of the day: Use predictive technology to answer remit questions
Receiving timely and accurate payment for services is even more crucial at hospitals today as they face increased financial pressures. Given this importance, revenue cycle management leadership often asks, "Where's my remit?" according to Eric Nilsson, chief technology officer of SSI Group. - 6/19/18 -
Wake Forest Baptist retains Medicare contract after erroneous cancer diagnoses
Winston-Salem, N.C.-based Wake Forest Baptist Medical Center's pathology laboratory is in full compliance with Medicare's conditions of participation, CMS said June 15, according to the Winston-Salem Journal. - 6/19/18