Here are five articles published by Becker's Hospital Review this past week that offer insight on revenue cycle management improvement, for-profit hospital operators' financial results and point-of-service collection strategies.
1. How CHS, Tenet, UHS, LifePoint and HCA fared in Q2
Major for-profit hospital operators produced mixed results in the second quarter of 2016.
2. 5 health systems with strong finances
A roundup of five systems with strong operational metrics and solid financial positions based on recent reports from Moody's Investors Service, Fitch Ratings and S&P Global Ratings.
3. 5 key metrics to determine the health of a hospital billing department
As the healthcare reimbursement environment continues to become more complex, the ability of organizations to self-assess their billing department is growing in importance.
4. Beating the patient-pay problem with 3 point-of-service collection strategies
A larger share of many hospitals' reimbursement now comes from patients rather than commercial payers. Yet many providers haven't updated their collection practices.
5. Method to the madness of RCM improvement: 4 questions with Plumas District Hospital CFO Caleb Johnson
Revenue cycle management has become more difficult for hospitals as traditional payment models shift to alternative arrangements and patients take on more financial responsibility. RCM improvement is a priority for all hospitals, regardless of location or size.
More articles on healthcare finance:
Kaiser sees operating income dip 35.4% in Q2
Indiana woman released from Cancún hospital after paying $67k toward bill