Christopher Fisher, CRCP-I, maxRTE Vice President Business Development Sicker patients, higher labor, supply and equipment costs, and deferred treatment adding up to a 2021 $54 billion loss in net income. Higher costs for labor, drugs and supplies, and continued...
Christopher Fisher, CRCP-I, maxRTE Business Development Director Like many industries, healthcare has become a victim of COVID, sustaining great economic injury. We spoke to one organization that was losing a million dollars a day due to COVID. And even last Fall,...
Why do finance executives in healthcare organizations need a little TLC these days? Because according to Healthcare Financial Management Association’s survey of 150 of these folks, they’re worried about how a shift in payer mix over the next 12 months will impact key...
Hospital margins already under pressure are evaporating under the strain of COVID-19. According to a new report, half of all U.S. hospitals will be operating in the red by the end of the year without more federal relief. The report prepared by Kaufman Hall on behalf...
Brad Skelton, maxRTE Regional Manager Wasteful processes that contribute to rising costs further darken the picture for hospitals already pressured by challenging patient volumes with high insurance deductibles. Re-evaluating financial strategies for ways to cut waste...
Brad Skelton, maxRTE Regional Manager Rising deductibles and a growing number of self-pay patients have catapulted collections to a critical level for hospitals, physician clinics, and other medical providers. They are looking for ways to limit collection costs...
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