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Reimbursement news and information

News
2012 may have been 'high water mark' for hospital finances, Fitch says
By Melanie Evans | August 13, 2013 | Basic Web Basic Web Subscription Details
The operating performance of not-for-profit hospitals and health systems rated by Fitch Ratings improved in 2012. But last year may be the “high water mark” for hospital finances as demand from patients grows increasingly weak and reimbursement cuts continue, a Fitch analyst warns.
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Modern Physician
Practice Makes Perfect: 3 steps to prepare for reimbursement models that place a greater share of financial risk on the practice
By Joan Hablutzel | August 13, 2013
In June, MGMA-ACMPE released the results of a questionnaire that ranked members' most pressing practice management challenges. In this edition of "Practice Makes Perfect," we'll tackle No. 2 on that list: Preparing for reimbursement models that place a...
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Magazine
Pay for value | Survey shows executive compensation at hospitals, systems continues shift to rewards for outcomes—financial and clinical
By Ashok Selvam | August 10, 2013 | Print Magazine Print Magazine Subscription Details
When voters OK'd a ballot measure intended to limit what El Camino Hospital could pay its executives and managers, the hospital's board worried about the implications for hiring.
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Modern Physician
CMS seeks comment on how to release doc pay data without compromising privacy
By Andis Robeznieks | August 09, 2013
The CMS is seeking public comment on how best to make physician-specific Medicare payment data publicly available while also protecting the privacy of patients. Physician organizations have vigorously opposed the release of physician-specific data but the dike appears to be crumbling.
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News
Ambulance operator Rural/Metro files for bankruptcy
By Rachel Landen | August 06, 2013 | Basic Web Basic Web Subscription Details
Rural/Metro Corp., one of the nation's largest ambulance companies with operations mostly in rural areas in 21 states, has filed for Chapter 11 bankruptcy to restructure its finances and save its business.
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News
Severity of readmission punishments doubling for hospitals
By Joe Carlson | August 05, 2013 | Basic Web Basic Web Subscription Details
The number of hospitals facing financial penalties for failing to stop patients from returning to the hospital will remain steady next year, but the potential severity of the punishments is doubling.
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News
Supply chain decisions become more strategic as costs, outcomes are weighed
By Jaimy Lee | August 05, 2013 | Basic Web Basic Web Subscription Details
The hospital supply chain is becoming more strategic and taking a more prominent role in guiding decisions that weigh clinical outcomes against the costs of medical supplies, devices and prescription drugs. But it still has a long way to go.
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News
CMS final rule on inpatient stays offers payment increases
By Joseph Conn | August 02, 2013 | Basic Web Basic Web Subscription Details
The CMS has issued its final Medicare 2014 payment rule for inpatient stays at acute-care hospitals and long-term care facilities.
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News
Hospices to see 1% increase in Medicare payments
By Steven Ross Johnson | August 02, 2013 | Basic Web Basic Web Subscription Details
Hospices are slated to receive an increase in their Medicare payments in the coming fiscal year under a final rule issued Friday by the CMS.
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News
Universal American reports $91.8M loss in 2nd quarter
By Jonathan Block | August 02, 2013 | Basic Web Basic Web Subscription Details
Unlike a number of other publicly traded health insurers that did very well in the second quarter, Universal American Corp., which specializes in Medicare Advantage products, reported an adjusted net loss for the second quarter. Its revenue slid and its medical-loss ratio came in significantly...
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