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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Kaufman Hall
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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Kaufman Hall Acquires Change Healthcare’s Connected Analytics Business
What You Should Know: - Kaufman Hall Acquires Change Healthcare’s analytics explorer, performance manager, and other data capabilities to create the industry’s most robust EPM software, data, and analytics platform. - The acquisition unites the strengths of two industry leaders in healthcare technology, empowering clients to improve operational, clinical, and financial performance. Kaufman, Hall & Associates, LLC, a provider of enterprise performance management (EPM) software,
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Coding in Age of COVID-19: Deciphering Coding Nuances, Best Practices
Without much warning, the novel Coronavirus, or COVID-19, has taken over our healthcare system. It has taxed our healthcare workers, our national stockpiles of PPE, and affected millions of Americans nationwide. In addition to healthcare workers on the front lines, the pandemic has also impacted the healthcare revenue cycle, causing major confusion, questions, and inconsistencies as coding specialists learn the latest COVID-19 codes and guidelines at warp speed. With cases rising by the tens of
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The Hard Truth About Boosting Patient Acquisition
Technology giants and other non-traditional players are moving into the healthcare market, giving consumers a host of new options for how and where they obtain services. Everyone from Apple and Amazon to G.E. and Berkshire Hathaway are disrupting the market by introducing new delivery models that emphasize simplicity, transparency and positive digital experiences. Traditional players will need to recalibrate how they build market share due to this new consumerism threat. In fact, a
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape
The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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Kaufman Hall Report: U.S. Hospitals Saw Strong Profitability in October
Rather unexpectedly, hospital results for October were quite favorable – with overall increased volume, revenue, and profitability compared with last year, according to the findings of Kaufman Hall’s latest National Flash Report. The latest October report provides a comprehensive look at metrics from more than 600 hospitals reveals profitability metrics rose more than 225 basis points (bps) for both EBITDA and Operating Margin compared to last month, and more than 125 bps compared to 2017.
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