Hospital, health system leaders address continued cost pressures
Aug 9, 2024 · Health systems are making swift changes to regain footing in 2024 as industry challenges made things difficult last year, and according to an analysis by healthcare technology company Q-Centrix, one area of focus is clinical data, which can be harnessed to implement improvements and reduce expenses.
Health systems see margin gains, though expenses still high
Dec 3, 2024 · Health systems in the U.S. saw slight margin gains in October following three months of declines, while operating margins for individual hospitals narrowed and expenses remained high, according to new data published by Strata Decision Technology.. Significant increases in drug costs contributed to higher nonlabor expenses, as drug expenses rose …
Improving health equity could add $2.8 trillion to GDP by 2040
Oct 2, 2024 · Addressing health inequities could add $2.8 trillion to the U.S. economy by 2040, significantly boosting GDP and improving population health, while corporate profits could increase by $763 billion by that time, according to a new Deloitte analysis.. Contending that health equity is a business imperative for payers, providers and other healthcare organizations, the study …
Lower reimbursement linked to sagging margins, healthcare CFOs …
Mar 18, 2024 · Eighty four percent of health systems cite lower reimbursement from payers as a top cause of low operating margins, according to a report published by the Healthcare Financial Management Association and Eliciting Insights, a healthcare strategy and market research company.. Further exacerbating health system margin struggles is the increased …
Healthcare leaders target AI and automation to address financial ...
Jun 23, 2024 · Healthcare leaders are increasingly turning to automation and AI technologies to address the significant financial and operational pressures caused by staff shortages, according to Philips' Future Health Index 2024 report.. The report, based on research among 3,000 healthcare leaders across 14 countries, found 85% of healthcare leaders are either investing in or …
Finance execs are focused on cutting costs through technology
Sep 11, 2024 · Healthcare finance leaders are increasingly focused on cutting costs, with 38% identifying it as their top priority, according to U.S. Bank's latest CFO Insights Healthcare Report.
Health system operating margins declined in August
Oct 2, 2024 · Performance metrics were mixed for many healthcare organizations in August, with patient demand stalling as expenses continued to rise, according to new data from Strata Decision Technology.. Health systems nationwide saw …
CFOs confront funding challenges in long-term capital needs
Jul 29, 2024 · Pressure is mounting for chief financial officers to meet cash flow targets in the coming years, according to a Knowtion Health's "Race for Cash: Pivoting Your Denials Strategy for a New Era" report. The survey of more than 75 hospital CFOs and revenue cycle leaders found hospitals are focusing on rebuilding cash reserves post-pandemic by cutting costs and …
Finance leaders balance AI investment to expected ROI
Sep 23, 2024 · Three-quarters of U.S. healthcare providers and payers increased their IT spending this past year, with artificial intelligence (AI), cybersecurity and IT infrastructure among the chief areas of investment, according to a study by Bain & Company and KLAS Research.
Hospital spending is projected to grow 5.7% a year
Jun 13, 2024 · Over the next eight years, hospital spending is expected to grow at an average rate of 5.7% a year, according to 2023-2032 National Health Expenditure Projections released by the Centers for Medicare and Medicaid Services.. In 2023, hospital spending growth accelerated for nearly all payers because of increasing use.