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Kaufman Hall

Hospitals Enter 2023 Facing ‘New Normal’ of Financial Uncertainty

by Fred Pennic 02/28/2023 Leave a Comment

Hospitals Enter 2023 Facing ‘New Normal’ of Financial Uncertainty

What You Should Know: - Hospitals enter 2023 on more stable footing following the worst financial year since the start of the pandemic—but challenges persist, according to the newest data from Kaufman Hall. - The latest National Hospital Flash Report finds that hospitals continue to experience the same challenges that made 2022 the worst financial year since the start of the pandemic, including higher labor expenses, lower patient volumes, and a fundamental
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It’s Time to Stop Accepting the Payer-Provider Dynamic as ‘Adversarial’ and Work Toward Alignment

by Heather Bassett, M.D., Chief Medical Officer, XSOLIS 02/22/2023 Leave a Comment

It’s Time to Stop Accepting the Payer-Provider Dynamic as ‘Adversarial’ and Work Toward Alignment

Today’s relationship between payers and providers is more fraught than ever. With a history of transactional, often adversarial, fee-for-service contract negotiations, it’s no wonder that the healthcare industry has grown too comfortable pitting payers and providers against each other. The lack of trust and transparency between the two groups has led to a perceived misalignment of vision. Across the board, the administrative staff has shouldered the brunt of this friction, which in the end
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Inventory Management Systems Bolster Hospital Cost Savings Initiatives

by Todd Plesko, General Manager, Syft, a GHX company 12/09/2022 Leave a Comment

Inventory Management Systems Bolster Hospital Cost Savings Initiatives

For many hospitals and health systems, it’s been another challenging year. Increases in patient volume and modest revenue gains haven’t been enough to offset the impact of labor shortages and an inflation rate that reached a historic high in June. A recent Kaufman Hall report found most healthcare organizations had negative operating margins for the first half of 2022 due in large part to historically high expenses.   In the face of these ongoing operating losses, the industry has
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18 HLTH 2022 Predictions from Digital Health Executives to Watch

by Fred Pennic 11/10/2022 Leave a Comment

17 HLTH 2022 Predictions from Digital Health Executives to Watch

Before HLTH 2022 kicks off next week in Las Vegas, we asked 18 digital health executives for their predictions and major themes to expect at HLTH.  1. Keith Reynolds, Chief Operating Officer at Welldoc Access to care is a central focus for healthcare given several factors: a growing population being impacted with chronic conditions, increased resourcing constraints, and growing fatigue and workload among providers. A recent study indicated that it would require a PCP 26.7 hours/ day
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3 Questions Healthcare IT Leaders Should Ask Before Implementing AI in Their Operations

by Varun Ganapathi, Ph.D., CTO and co-founder at AKASA 11/09/2022 Leave a Comment

3 Questions Healthcare IT Leaders Should Ask Before Implementing AI in Their Operations

Artificial intelligence (AI) and automation are no longer nice-to-have technologies for healthcare providers. They are mission-critical tools for addressing significant challenges many health systems and hospitals face today — from volatile patient volumes to ballooning labor costs and staffing shortages to low operating margins. Many of these challenges are macro-level economic trends that will continue to prevail for the foreseeable future.  According to research from Kaufman Hall,
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Kaufman Hall Acquires Claro Healthcare

by Fred Pennic 09/23/2022 Leave a Comment

Kaufman Hall Acquires Claro Healthcare

What You Should Know: - Kaufman, Hall & Associates, LLC (Kaufman Hall) has entered into a definitive agreement to acquire healthcare management consulting firm Claro Healthcare. - Claro Healthcare is the leading clinical documentation, hospital operations, and mid-revenue cycle improvement platform, blending technology, professional services, and domain expertise to deliver significant return on investment to providers across financial, quality, and compliance metrics. -
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Hospital Finances Down As Funding Dries Up, Report Finds

by Jasmine Pennic 08/29/2022 Leave a Comment

Hospital Finances Down As Funding Dries Up, Report Finds

What You Should Know: - Hospitals and health systems saw decreases in outpatient revenue and operating room time and increases in inpatient lengths of stay from June to July 2022, leading to a decline in financial performance after months of improvement, according to the latest National Hospital Flash Report from Kaufman Hall. - The analysis reveals that U.S. hospitals and health systems are experiencing some of the worst margins since the beginning of the COVID-19
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Hospital Margins are Still in the Red Halfway Through 2022

by Fred Pennic 08/01/2022 Leave a Comment

Hospital Margins are Still in the Red Halfway Through 2022

What You Should Know: - U.S. hospitals, health systems, and physician practices continue to face historically high operating expenses that increased patient volumes and revenues could not counteract, leading to negative margins for the sixth straight month in 2022, according to data from Kaufman Hall’s National Hospital Flash Report and Physician Flash Report. - The median Kaufman Hall year-to-date operating margin index for hospitals was -0.09% through June, for a sixth
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Hospitals Hit with Low Volumes, High Expenses, Poor Margins as COVID-19 Cases Mount

by Fred Pennic 11/30/2020 Leave a Comment

Hospitals Hit with Low Volumes, High Expenses, Poor Margins as COVID-19 Cases Mount

What You Should Know: - October was a challenging month for hospitals and health systems nationwide amid ongoing instability spurred by the COVID-19 pandemic, according to Kaufman Hall’s latest Hospital Flash Report. - Margins and volumes fell, revenues flattened, and expenses rose as COVID metrics continued to climb and some states moved to retighten social distancing guidelines. - As of Oct. 31, the number of daily U.S. COVID cases reached a high of more than 90,500 and related
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Impact of COVID-19: 2020 State of Healthcare Performance Improvement Report

by Jasmine Pennic 10/19/2020 Leave a Comment

Impact of COVID-19: 2020 State of Healthcare Performance Improvement Report

What You Should Know: - Nearly three-quarters of hospital leaders are either moderately (52%) or extremely (22%) concerned about the financial viability of their organizations without an effective treatment or vaccine for COVID-19, according to a new report from Kaufman Hall entitled, “2020 State of Healthcare Performance Improvement Report: The Impact of COVID-19” - One-third of respondents saw operating margin declines in excess of 100% in the second quarter of 2020 compared with the
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