Financial Management
Financial reserves play an important role for not-for-profit hospitals and health systems in ensuring that they can continue to serve their communities in the face of challenging operational and financial headwinds, according to a new report prepared for the AHA by Kaufman Hall.
Hospitals and health systems are facing many significant challenges, including historic workforce shortages, soaring costs of providing care, cracks in the supply chain, severe underpayment by Medicare and Medicaid, and overwhelming regulatory and administrative burdens, just to name a few. These…
The AHA today released a new report that details the extraordinary financial pressures continuing to affect hospitals and health systems, as well as access to patient care.
Anyone unfamiliar with the financial structure of not-for-profit hospitals and health systems may question why these organizations carry often significant financial reserves on their balance sheets. The answer is straightforward: with limited sources of funding, hospitals and health systems rely on…
Labor costs and volume disruptions drove declines in operating margins for nonprofit hospitals and health systems in fiscal 2022, Moody’s Investors Service reported yesterday based on preliminary medians data from 132 health systems.
The AHA has previously noted the third party observers who demonstrate a tenuous grasp of the data and rules regarding federal hospital transparency requirements.
The longer a bill sits in accounts receivable, the more it costs you to collect. During this eye-opening webinar, learn how to use accounts receivable scorecards to speed up turnaround time and improve cash flow.
The White House today released additional details related to President Biden’s budget request for fiscal year 2024. The main budget documents were released March 9 — today’s request provides more granular detail and historical information.
Contract labor expenses for hospitals and health systems surged 258% from 2019 to 2022 as nationwide labor shortages forced many to rely on contract staffing firms to meet patient demand, according to an analysis of 2022 data from over 1,000 hospitals and health systems by AHA and Syntellis.
The U.S. District Court for the District of Connecticut yesterday largely dismissed a lawsuit alleging that Yale New Haven Hospital violated its fiduciary duties by selecting a retirement plan with excessive fees or poorly performing investments.