Protected: With Hospitals’ Revenue Dropping By Half How Are They Expected to Recover?
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COVID-19’s Rising Number Of Patients Does Not Equal More Money
While the COVID-19 pandemic flooded hospitals with patients in 2020, healthcare systems did not benefit financially. In most businesses, more customers mean more money. In the case of hospitals, those…
Hospitals May Be Expected to Cover Costs of COVID-19 Vaccines
2021 is here and with a new year, there’s word of COVID-19 vaccines making their way throughout the United States. While rollout is slower than expected, about 5 million people…
Medicaid Expansion And What It Means For The States That Opted For It
Medicaid expansion has affected hospitals’ finances. This is according to research found in a study conducted by the Urban Institute. The data used was collected from the American Hospital Association…
Resource Constraints Prevent Healthcare CFOs From Reducing Costs
Reducing costs is important in any industry, but especially in the healthcare field. While reducing costs is currently a top priority for healthcare CFOS, the lack of sufficient data and…
Americans Will Forego COVID Care Due to Medical Bills
The United States government is currently rolling out vaccines to hospitals across the country. Vaccines are being given to essential workers first – including hospital staff employees. After the first…
Another Hospital Threatens to File for Bankruptcy
In a world where the pandemic continues, forcing hospitals to cancel elective surgeries and other procedures, it’s odd to see that so many are having financial difficulties. However, that’s the…
32 Hospitals Have Filed for Bankruptcy This Year – Here’s How to Prevent Yours From Being Next
Recently, additional hospital bankruptcies have hit the news. With the pandemic still raging on and emergency rooms and wards becoming overcrowded, you’d think that hospitals would have a steady flow…
Tips for Avoiding Payment Denials – And What to Do When One Occurs
Payment denials, especially those issued by commercial health insurance companies, can add up over time. They not only cost you money, due to the person-power required to collect on those…
Hospitals: It’s Time to Start Your 2021 Financial Planning
Although there are still a few months left in 2020, it’s time for hospitals to start their financial planning for next year. On top of following through and getting their…
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