Financial/Revenue Cycle Management
EHR giant Cerner is now one step closer to completing its pending acquisition of Siemens Health Services, after the Federal Trade Commission gave the go-ahead to an early termination of the deal's waiting period under antitrust laws.
The Louisiana Department of Health and Human Services is the latest entity to face criticism over its handling of electronic health record incentive payments, after it was found to have overpaid hospitals $3.1 million in federal cash.
Wake Forest Baptist Medical Center, in Winston-Salem, N.C., has posted losses for the 2013-2014 fiscal year, ending June 30. It's the second year in a row Wake Forest reported millions in losses, apparently unable to bounce back from the hit it took over difficulties with its $280 million rollout of its Epic electronic health record system.
A Mississippi health system and three hospitals in Texas, Indiana and Alabama are illustrating how hospitals can thrive, even in a tough economic environment. One hospital increased its revenue by $8.2 million after improving clinical documentation. Another changed the way it collected for services and boosted revenue by $6.1 million.
Ambulatory practices both large and small say they're thinking hard about replacing their EMR, according to a new KLAS report. Hospitals, too, are in for disruption.
Looking to save a few bucks? Telehealth might just be the golden ticket to getting there, at least according to new analysis suggesting the remote care delivery model could potentially save U.S. companies a whopping $6 billion.
One of the largest electronic medical record companies recently announced it had inked an agreement to acquire Siemens' health IT business unit, Siemens Health Services, for $1.3 billion in cash.
Business intelligence has been a popular catchphrase across healthcare in recent years, often touted as a quick cure for inefficient business or clinical processes. BI is not a panacea, but when approached in a smart and targeted way it can translate raw data into actionable knowledge and help cut hospital costs.
It's official. The Government Accountability Office today affirmed what the general public knew this past October: the launch of the HealthCare.gov website was a poorly-planned and mismanaged disaster -- one that cost the federal government a pretty penny.
Getting physicians on board with cost cutting measures proves to be one of the healthcare industry's top challenges, one that has become critical as hospitals buy up more physician practices. There's the technology available to help doctors accomplish this, but it often costs a pretty penny. The question then becomes is it worth it economically?