Financial Management
The AHA has previously noted the third party observers who demonstrate a tenuous grasp of the data and rules regarding federal hospital transparency requirements.
The longer a bill sits in accounts receivable, the more it costs you to collect. During this eye-opening webinar, learn how to use accounts receivable scorecards to speed up turnaround time and improve cash flow.
The White House today released additional details related to President Biden鈥檚 budget request for fiscal year 2024. The main budget documents were released March 9 鈥 today鈥檚 request provides more granular detail and historical information.
Contract labor expenses for hospitals and health systems surged 258% from 2019 to 2022 as nationwide labor shortages forced many to rely on contract staffing firms to meet patient demand, according to an analysis of 2022 data from over 1,000 hospitals and health systems by AHA and Syntellis.
The U.S. District Court for the District of Connecticut yesterday largely dismissed a lawsuit alleging that Yale New Haven Hospital violated its fiduciary duties by selecting a retirement plan with excessive fees or poorly performing investments.
The U.S. District Court for the District of Connecticut yesterday largely dismissed a lawsuit alleging that Yale New Haven Hospital violated its fiduciary duties by selecting a retirement plan with excessive fees or poorly performing investments. The court allowed certain ancillary claims related鈥
Hospitals continue to experience the same challenges that made 2022 the worst financial year since the start of the COVID-19 pandemic, including higher labor expenses and lower patient volumes, according to the latest report on hospital finances from Kaufman Hall. Hospital operating margins fell鈥
Even as signs indicate that inflation is slowing, a recent consumer survey conducted by Deloitte indicates that 28% of Americans, or roughly 72 million adults, feel less prepared to pay for medical costs than they did last year.
A recent Wall Street Journal article on hospital divestitures and closures 鈥渇ails to acknowledge the critical roles that low government reimbursement, population shifts and old infrastructure play鈥 when nonprofit health care systems make access decisions, AHA President and CEO Rick Pollack writes鈥
High inflation and labor shortages, as well as sicker patients who require complex care, and low reimbursement rates combined with continued fallout from a global pandemic have created an unsustainable financial situation for hospitals and health systems around the country. Many face a devastating鈥