At a time when out-of-pocket costs are reaching very significant sums, Methodist Medical Center in Peoria, Ill., now offers a widget on its website that provides an estimate of how much a particular service will cost a patient.
Leadership & Management
Ronald J. Bachman, former interim CFO of Clinton Memorial Hospital in Wilmington, Ohio, has sued the hospital alleging breach of contract, according to a report by the Wilmington News Journal.
Robert Urciuoli, former president and CEO of Roger Williams Medical Center in Providence, R.I., will head to prison on Aug. 31, following Judge Mary Lisi's decision to deny his bid to remain free on bail, according to an Examiner report.
Cleveland Clinic Florida in Weston has completed a $2.2 million renovation and expansion project that included adding a second floor to a one-story section of the hospital and expanding the intensive care unit, according to a news release.
A Medical Group Management Association survey reported a shift in day-to-day challenges for medical practices from 2009 to 2010, according to an American Academy of Family Physicians report.
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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.
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…