What is the ERISA appeals process, and why is it important?
Insurance companies conduct business based on the premise that their policies are the last word on whether they pay or deny a healthcare claim. This assumption, however, is false. The…
Hospital Claims Recovery More Important Than Ever for 2021
Delta variant destabilizes healthcare planning: With the spread of the more contagious delta variant, Covid-19 cases spiked almost 70 percent in the last week (www.washingtonpost.com/…covid-cases-rising/). The public health crisis continues…
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…
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…
Important Changes in Hospital Culture as a Result of COVID-19
As the COVID-19 pandemic continues, hospitals have begun to make some changes. We’ve discussed how many have made plans to expand, closed their doors, or laid off staff, depending on…
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