finances
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Adonis Rakes In $17.3M to Optimize Providers’ Revenue Cycles
Adonis, a startup offering a revenue cycle automation platform purpose-built for healthcare, recently closed a Series A funding round led by General Catalyst. The company has raised nearly $23 million to date since launching last year.
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2022 Was Hospitals’ Worst Financial Year in Decades, But 2023 Won’t Be Much Better
Financial analysts have said that 2022 may have been the worst year for hospital finances in decades. This year looks like it will be yet another year of financial underperformance, with rural providers in especially dire circumstances.
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Payer’s Place: Dr. Anil Singh
Dr. Anil Singh shares his insights into the strategies employed by the organization to identify the most effective digital solutions for their members.
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2023 Will Be a Year of Shrinking Margins and More Consolidation for Hospitals, Expert Says
Inflation and shrinking operational margins are among the key factors that will influence hospitals and health systems’ strategies in 2023. To deal with this, more hospitals will merge with other systems, predicted Tina Wheeler, Deloitte’s leader for its healthcare sector.
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OIG: Pandemic forced hospitals into ‘survival mode’
A new report from the HHS’ Office of Inspector General lays bare the varied challenges hospitals faced in the past year — and continue to face. These range from challenges in healthcare delivery to staffing shortages to shaky finances.
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Effort underway to help hospitals by suspending Medicare sequestration
Medicare sequestration is making headlines this week, as legislation to pause the 2% payment cuts moves through Congress. Here is a recap of what the sequester cuts are, why hospitals want it gone and how lawmakers are working to make that happen.
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Rural hospitals contend with an expensive shift to digital amid shrinking margins
The Covid-19 pandemic has decimated hospital finances, and as a result, rural providers are forced to make key IT spending decisions with limited dollars. Here is a snapshot of how they will prioritize those dollars this year and the federal support they need to survive the ongoing public health crisis.
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Health IT, Hospitals, Artificial Intelligence
Providers look to predictive modeling to help rebuild finances in 2021
After a challenging 2020, health systems are looking to deploy strategies for recovery, especially to bolster financial health. One strategy health executives are considering is investing in predictive modeling technology that can help them manage patient demand and outcomes in the coming year.
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Discover the Next-Gen Platform for Integrated Collaborative Care
Beyond EHRs and digital front doors, reducing the gaps in patient care journeys.
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Hospitals could lose $53B this year — and that’s in the best-case scenario
A new report from Kaufman Hall examines two potential financial situations for hospitals in 2021 — one optimistic, and the other bleak. Hospitals could lose between $53 billion and $122 billion depending on which scenario plays out.
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How can hospitals weather the financial storms of 2021?
Patient volumes were uneven in 2020, and a new report shows volumes will likely remain below pre-pandemic levels in 2021. This indicates challenges for hospitals looking to stabilize their finances — but there are some key strategies that can help.
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Survey: Nearly half of medical practices have furloughed workers
A survey by MGMA revealed that 48% of medical practices have experienced furloughs, and 22% have experienced layoffs as a result of Covid-19. Those numbers are expected to increase in May if conditions continue for the next month.