Yes Virginia, there is a cost shift: Hospitals with higher occupancy rates due to COVID-19 provide more evidence
HFMA's Chad Mulvany says that even though the COVID-19 pandemic is a unique circumstance, emerging margin data from hospitals in the Northeast provide additional evidence in support of the cost shift.
Don’t skip the patient conversation when payer coverage for coronavirus is unclear
Whether holding charges or billing, healthcare organizations should be communicating with patients about their financial responsibility.
The large print giveth: HHS provides more details on its plans to distribute the initial $100 billion from the CARES Act
HFMA's Chad Mulvany says healthcare providers will want to make sure they’re enrolled in the program to cover claims for uninsured patients with COVID-19.
CRCR certifications surge with Enterprise Membership
Change Health has encourage staff on its provider account management team to obtain HFMA's CRCR certification, with the result that the number of staff members who have achieved the certification has skyrocketed.
Federal government responds to COVID-19 crisis
The U.S. Congress has responded to the COVID-19 Crisis by enacting three pieces of legislation, as of April 9, that include relief to hospitals.
Patient financial responsibility for COVID-19 treatment: Let’s get it right
Even while hospitals are facing a dire financial situation amid the COVID-19 pandemic, they should adapt their business practices to account for the hardships facing consumers.
Pace of physician practice acquisition by health plans may accelerate post-pandemic
HFMA’s Chad Mulvany says it is likely health plans will have both motive and the wherewithal to acquire physician practices or employ physicians whose practices didn’t have the balance sheet to survive the revenue shock of the COVID-19 pandemic.
Debt collectors could take stimulus payments from millions of Americans
Given the media's heightened scrutiny of healthcare collections activity, hospital and health system leaders should ensure any business partners used for collections understand revenue cycle best practices during the pandemic-induced recession.
Urgent: HHS extends deadline for hospitals to submit data to receive CARES Act funding
To inform how additional CARES Act funds are distributed, HHS is asking all hospitals to provide certain information by 11:59 p.m. PT on Thursday, April 23.
How hospitals can preserve cash amid rising costs, crashing revenues brought on by COVID-19
The need to preserve cash is becoming more acute amid plummeting revenues and rising costs. Leaders and industry consultants are getting creative in search of solutions.