Here are five articles recently published by Becker's Hospital Review offering insights into the financial challenges facing healthcare organizations, revenue cycle outsourcing and more.
1. The financial challenges facing hospitals, health systems: 4 takeaways
Hospitals and health systems are under constant pressure to reduce costs while also improving quality and maintaining a strong workforce. With this comes an array of financial challenges, as reimbursement levels continue to change and healthcare becomes more consumer-centric.
2. RCM tip of the day: Consider revenue cycle outsourcing
Outsourcing the revenue cycle management process can prove beneficial for healthcare organizations, according to Joel Gleason, senior vice president and global market head of the provider segment at Cognizant.
3. Study reveals association between tax refunds and out-of-pocket healthcare spending
Americans increasingly spend money on healthcare once they receive their tax refund payment, suggests a report from JPMorgan Chase Institute.
4. Estate to pay $625k for deceased physician's overbillings
Leroy J. Pelicci, MD, who owned Scranton, Pa.-based Pelicci Pain Relief Center, allegedly submitted false claims to the Department of Labor's Office of Workers' Compensation Programs before his death in March 2014.
5. CHA says proposed healthcare cost-setting bill could slash California hospitals' annual revenues by at least $18B
California's hospitals have come out against a proposal to allow the state to set prices for various medical services covered by commercial payers.