Healthcare spending is growing along with prices, up 5% over 2017
Spending by private payers has grown at a faster clip, with growth hitting 7.4 percent compared to 2.3 percent for public payer spending.
6 areas to consider when conducting valuations
Valuations change over time and not all acquisitions are a good deal. Here is some guidance for how practice owners can view their practices as outsiders and questions for physicians to ask as they contemplate joining a practice, especially as a future partner.
Hospitals and health systems should develop strong relationships with urgent and retail clinics
Health data needs to be interoperable for the relationship between health systems and clinics to bridge the consumerism gap.
Cost transformation is imperative, but hospital efforts are lagging behind, survey shows
Close to 60 percent of responding executives say their organizations have processes and structures in place to achieve cost transformation goals.
Data shows expenses continue to outpace revenue for nonprofit hospitals
Fueling the trend are lower reimbursement rates, a shift to outpatient care and growing merger and acquisition activity.
The 5 lowest-value care services and what providers can do about them
Expensive branded drugs, diagnostic testing and imaging prior to low-risk surgery and population-based vitamin D screening, all make the list.
Labor budget increases, staffing shortages loom large for healthcare executives in 2019
Majority of execs said they face increases in their labor budgets and staffing shortages are worse this year than last.
It’s tax fraud season for doctors, again
September is the start of the annual tax fraud sales season. As doctors are aggressively pursued with a variety of tax savings plans that make big promises, knowing what you are buying and who you are dealing with is vital.
Five ways pivot tables improved our bottom line
My favorite analytic tool in Microsoft Excel is called the pivot table. Rather than relying on the confusing and canned reports provided by our practice management system and EHR, I can use pivot tables to see the data I want to see, sort the data how I want to sort it, and produce actionable and meaningful reports.
