1. 5 RCM hires in October
The following organizations announced they hired individuals with revenue cycle management experience, or for a RCM-related role, in October.
2. 17 RCM service expansions in October
Here are 17 revenue cycle management portfolio expansions involving healthcare vendors and providers in October.
3. Study: Payers, providers struggle to meet changing consumer engagement expectations
While payers and providers are focused on investing in consumer engagement, many patients are not reporting better healthcare experiences, according to a national study conducted by ORC International and commissioned by Change Healthcare.
4. More than a third of consumers report financial hardship, inability to pay medical bills
More than 40 percent of American adults struggle financially, according to a Consumer Financial Protection Bureau survey.
5. Study links income to likelihood of observation visits, high out-of-pocket costs
Low-income Medicare beneficiaries are more likely than their wealthier counterparts to receive observation care and potentially face high out-of-pocket expenses as a result, according to a study published in The American Journal of Medicine.
More articles on healthcare finance:
California hospital suspends all services, notifies 524 employees of possible layoffs
Shareholders push for changes at Tenet and CHS: 6 things to know
Texas hospital encounters billing, cash flow issues after Cerner go-live
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