Category: Healthcare Finance News

Medicare Advantage receiving bipartisan support in House of Representatives

More than 340 members of the U.S. House of Representatives, led by Reps.

Step-by-step, Methodist Health System cured the pain points within the revenue cycle

Methodist Health System, headquartered in Omaha, Nebraska, went all-in on automating the revenue cycle, starting in 2018 and going live in 2019.
The health system worked with Alpha Health, now called AKASA, for unified automation in the revenue cycle t…

Mercyhealth tackles automated processes and staffing challenges in the revenue cycle

Kimberly Scaccia took on the position of vice president of Revenue Cycle for Mercyhealth Systems in Southern Wisconsin and Northern Illinois in March 2020, at the same time the pandemic was ramping up.
Scaccia immediately needed to figure out how to se…

14.5 million Americans sign up for coverage during open enrollment

A record 14.5 million people have signed up for 2022 health care coverage through the federal Affordable Care Act marketplaces during the most recent open enrollment period from November 1, 2021 to January 15, the Centers for Medicare and Medicaid Serv…

AHIP weighs in on benefit, payment parameters for individual market

In what AHIP calls a push to ensure affordable and quality choices in the federal health insurance marketplaces, the organization for insurers has submitted comments in response to the Department of Health and Human Services’ Notice of Benefit and Paym…

Mayo Clinic chooses Oracle Fusion Cloud Applications Suite for its business processes

Mayo Clinic has selected Oracle’s Fusion Cloud Application Suite to meet its 2030 goal for quality care and the treatment of complex diseases. 
Patients come to the Mayo Clinic for answers and treatments they can’t get anywhere else, CFO Dennis Dahlen …

Cleveland Clinic putting more than $1.3B into new capital projects

In an annual State of Clinic address this week, Cleveland Clinic President and CEO Dr. Tom Mihaljevic said the nonprofit academic medical center will be investing about $1.3 billion in capital projects this year, including new hospitals, buildings and …

Due to Omicron, FDA limiting use of COVID-19 antibody treatments

The U.S. Food and Drug Administration has subtracted a pair of COVID-19 monoclonal antibody treatments from the approved list due to what the agency has deemed “ineffectiveness” against the Omicron variant, which has spread rapidly throughout the U.S. …

HCA to build five new hospitals in Texas

HCA Healthcare plans to build five new full-service hospitals in Texas to meet the state’s growing population and need for healthcare services.
The new hospitals will be located in the Dallas Fort-Worth area; Houston area; in San Antonio, in partnershi…

Mass General Brigham required to implement a cost-savings plan

The Massachusetts Health Policy Commission has unanimously voted to hold Mass General Brigham accountable for its spending and is requiring the health system to develop and implement a performance improvement plan that will result in cost-saving reform…