Bad debt, charity up 32% since 2022
Uncompensated care costs have risen sharply, but hospital incomes have also increased. Bad debt and charity care are growing faster than revenue.| HFMA
Uncompensated care costs have risen sharply, but hospital incomes have also increased. Bad debt and charity care are growing faster than revenue.| HFMA
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HFMA presents a detailed summary of the final rule updating the Medicare hospice payment rates, wage index, and Hospice Quality Reporting Program for FY 2026. The post FY 2026 Hospice Payment Rate Update Final Rule Summary appeared first on HFMA.| HFMA
Although healthcare AI technology has been in the pipeline for years, new feedback suggests implementation remains a work in progress at hospitals and health systems. As described in an HFMA report produced with Eliciting Insights, most organizations are still striving to develop an AI strategy and install an AI governance structure. Findings of the report… The post Report by HFMA and Eliciting Insights examines hospitals’ journey to realize the potential of AI appeared first on HFMA.| HFMA
HFMA’s FastFinance newsletter is now a podcast. Host Rich Daly discusses the most current and relevant healthcare news, delivered in an easily digestible format. Medicare enrollees’ out-of-pocket drug costs have jumped this year, according to recent research. Learn what effects researchers expect. Also, this week’s Weird Number: 95% of business leaders expect no measurable business… The post FastFinance: Medicare enrollees’ drug costs spike appeared first on HFMA.| HFMA
Small, rural, critical access hospitals (CAHs) would be disproportionately affected by proposed cuts to Medicare bad debt payments, which could save the federal government $42 billion over 10 years. The post Small hospitals take biggest hit in Medicare bad debt pay cut appeared first on HFMA.| HFMA
The Medicare drug negotiation law has led to higher out-of-pocket costs for many Medicaid enrollees, according to recent research.| HFMA
A federal judge blocked many of the Trump administration’s plans to constrict enrollment in Affordable Care Act (ACA) marketplace health plans in the name of program integrity. In an Aug. 22 ruling, Judge Brendan Hurson (a Biden appointee) of the U.S. District Court for Maryland issued a stay of key provisions of a CMS final… The post Court limits CMS’s authority to immediately apply the ACA marketplace program integrity final rule appeared first on HFMA.| HFMA
HFMA offers 11 certifications for members to validate their expertise and demonstrate their commitment to the profession. The certifications are as follows: Certified Healthcare Financial Professional (CHFP), Certified Revenue Cycle Representative (CRCR), Certified Revenue Cycle Representative (CRCR) – GCC, Certified Specialist Accounting and Finance (CSAF), Certified Specialist Business Intelligence (CSBI), Certified Specialist Physician Practice Management… The post Q2 Honor Roll: HFMA ...| HFMA
This tool empowers healthcare leaders to make smart, intentional choices that align with their mission, support operational and financial performance, and prepare their organization for what’s next.| HFMA
Employers are increasingly adopting alternative health plans to counter rising healthcare costs, with 24% of employers surveyed by BGH expected to have one of these offerings in place by 2026 and 36% considering it for 2027 or 2028. The post Healthcare costs prompt employers to explore alternative health plans appeared first on HFMA.| HFMA
Out-of-pocket payments by commercially insured patients have decreased in recent years, with the mean repayment rate decreasing from 54% in pre-pandemic years to 46% by 2023, according to a study in JAMA Health Forum. The post Unpaid medical bills rise as patients pay less out-of-pocket appeared first on HFMA.| HFMA
Revenue cycle management (RCM) is essential for positive patient experiences and efficient financial operations in hospitals. See the process and HFMA resources here.| HFMA
An initiative aimed at addressing the needs of revenue cycle staff has enabled a health system to inspire high levels of engagement.| HFMA
The Healthcare Financial Management Association (HFMA) equips its members to navigate a complex healthcare landscape. Healthcare finance professionals trust HFMA to provide the guidance and tools to help them lead their organizations, and the industry, forward.| HFMA
As payment denial rates climb to record highs, driven in part by AI-powered robots, health systems are starting to fight back.| HFMA
A healthcare system without regulations would be catastrophic. But provider organizations are now burdened with managing compliance under increasingly complex requirement.| HFMA
