Tag: Financial Management

Announcing the ASC administrators CASC training course

Editor's Note The OR Manager Conference is proud to announce it will offer a 1-day training course outlining core areas of study for the Certified Administrator Surgery Center (CASC) exam to earn the CASC credential. This training is ideal for those responsible for the operations of running an ambulatory surgery…

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By: Lindsay Botts
June 12, 2024
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Doctors hit by cyberattack seek legal action against UnitedHealth

Editor's Note Doctors are urging the American Medical Association (AMA) to take legal action or otherwise help recoup their losses from the February 21 Cyberattack on Change Healthcare, a division of United HealthGroup. Forbes reported the news June 3. The article cites a a resolution before the AMA’s reference committee on amendments…

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By: Matt Danford
June 5, 2024
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Hospital margins, ED visits up, length of stay down in April, Kaufman report reveals

Editor's Note The median hospital margin of 3.8% for April is an improvement over the previous month and year-over-year, according to the latest National Hospital Flash Report from Kaufman Hall. Compiled by Kaufman and Syntellis Performance Solutions (now part of Strata), the monthly report analyzes 3 years’ worth of both…

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By: Matt Danford
June 4, 2024
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Built to grow: Key elements of planning a new ASC

Are you part of the ambulatory surgery center (ASC) construction boom? If so, you’re not alone. Approximately 116 new facilities opened in 2023, according to Becker’s ASC Review, and more are planned for and underway in 2024. This trend shows no signs of slowing. Fortune Business Insights projects the US…

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By: Brendan Dooley
May 24, 2024
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HCA Healthcare reports solid first-quarter financials

Editor's Note Solid operating margins and an improved payer mix contributed to robust financial outcomes for HCA Healthcare in the first quarter of 2024, including “significant growth” in inpatient admissions, surgeries and emergency room visits, according to an April 29 article on Investing.com. According to the report, outpatient surgery revenue…

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By: Matt Danford
May 2, 2024
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Share your expertise! Topics, speakers sought for 2025 ORBMC

Editor's Note If you’d like the opportunity to share process improvement initiatives, best practices, or in-depth case studies of what perioperative success looks like, now’s the time to start planning. The program committee for the OR Business Management Conference is now accepting abstract proposals for presentations at the 2025 event,…

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By: Kaitlin Sennello
April 22, 2024
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Survey assesses continued impact of Change Healthcare cyberattack

Editor's Note Fallout from the February 21 cyberattack on Change Healthcare continues to threaten physician practices and their patients nationwide, with respondents to a recent American Medical Association (AMA) survey indicating difficulties with insurance claims and eligibility verification. AMA published the results of the informal survey April 10. Conducted March…

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By: Matt Danford
April 19, 2024
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Academic medical centers identify performance-improvement priorities

Editor's Note Amid a decline in the financial performance of academic medical centers (AMCs), McKinsey surveyed 100 of these institutions about what actions they are taking to improve, according to an April 12 report in Becker’s Hospital Review. According to the Becker’s article, the top 10 “operational levers” indicated by…

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By: Matt Danford
April 17, 2024
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Hospitals report robust margins, caution about potential near-term disruption

Editor's Note Data collected from more than 1,300 hospitals nationwide for Kaufman Hall’s National Hospital Flash Report shows strong margins—averaging 3.9% in February—but does not account for significant, near-term headwinds, according to a March 28 article from HealthLeaders. Revenue growth is primarily from outpatient care, and inpatient revenue continues to…

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By: Matt Danford
April 1, 2024
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Federal probe investigates care quality impact of private equity mergers, acquisitions

Editor's Note Making good on plans announced by the Biden administration in December, federal agencies have launched a public inquiry into how private equity mergers and acquisitions impact patient outcomes, worker safety, and healthcare access and costs, including costs to taxpayers.  As reported by Dotmed Healthcare Business News on March…

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By: Matt Danford
March 14, 2024
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