Bill Banks, vice president for revenue cycle and managed care at St. Elizabeth Healthcare, a six-hospital system in northern Kentucky, discusses four major problems in the hospital revenue cycle.
Leadership & Management
Point-of-service collections have become more important to hospitals as high-deductible policies become more common and more patients are uninsured, says Suzanne Lestina, director of revenue cycle at the Healthcare Financial Management Association. Such payments make up 5-6 percent of total…
The Internal Revenue Service has agreed to refund federal income taxes paid by hospitals and residents for resident's incomes prior to April 1, 2005, when the IRS began exempting resident pay under the student exemption, according to an IRS news…
Health Management Associates experienced a 22 percent increase in profits for the second quarter of 2010, compared to the same quarter a year ago, due largely to growth in admissions, according to an HMA news release.
Universal Health Services, based in King of Prussia, Pa., experienced increased volumes in the second quarter of 2009, but profits were down 19 percent from a year ago due to increased costs, including $11.3 million in transaction fees for its…
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Two recent reports from Standard & Poor found that non-profit hospitals and health systems improved financially in fiscal year 2009 compared to 2008, according to a report by the Healthcare Financial Management Association.
The American Hospital Association, the Association of American Medical Colleges, the Healthcare Financial Management Association and VHA have sent a letter to the Internal Revenue Service urging the agency to allow non-profit hospitals to complete Schedule H reports on a…
Mercer County Hospital in Aledo, Ill., has seen a $1.2 million turnaround from last year, according to a Quad-City Times report.
If all inpatient payments were covered by Medicare, a hospital would have to reduce direct costs by $1,082 per case, or 14 percent, to sustain current operating margins, according to an analysis by sg2.
Suzanne Lestina, director of revenue cycle at the Healthcare Financial Management Association, discusses four trends in revenue cycle management.