HealthLeaders Media Finance - October 12, 2009 | Reform Could Mean Lower Medicare Costs View as a Webpage | Subscribe for Free
Reform Could Mean Lower Medicare Costs
Janice Simmons, Senior Editor-Finance

Enacting national healthcare reform legislation to extend coverage to the uninsured could prove to be a boon to one federal program: Medicare. By providing care to uninsured adults prior to age 65, more individuals could see improved healthcare—resulting in reduced Medicare spending in the long term, according to a study. [Read More]
  October 12, 2009

 
Editor's Picks
Elderly Fall Injuries Cost $20 Billion in 2006 and Price Is Rising
Three in 10 elderly patients who sought emergency room care after a fall were admitted to the hospital for treatment of their injuries, which was a major share of the $20 billion cost for treating falls in people over age 65 in 2006. This was one of the findings from a new report from the Agency for Healthcare Research and Quality, which said that each year about one third of elderly adults experiences a fall. [Read More]
Portal Aims to Simplify Physicians' Paperwork Processing
Beginning next month, physicians, hospitals, and other healthcare providers in Ohio will have the opportunity to tackle "the paperwork monster" when health plans in the state introduce a new Web portal designed to streamline tasks such as billing, confirming eligibility, and referrals to other physicians. [Read More]
Lawsuit Highlights Legal Issues Tied to Firing Residents
In light of a $24 million lawsuit filed by a doctor against Johns Hopkins Hospital in Baltimore claiming that he was unlawfully fired earlier this year, hospitals may want to review how they prepare for legal troubles. [Read More]
Nurse Leaders Showcased
HealthLeaders Media launched NursingLeaders—its newest weekly e- newsletter— last week. Nurses play a vital role on the senior leadership team of healthcare organizations, and my colleague Rebecca Hendren showcases two organizations—Hackensack (NJ) University Medical Center and University Hospital of Brooklyn SUNY Downstate Medical Center—that have demonstrated transformational nursing leadership. [Read More]
 
Finance Forum
Five Steps the C-suite Should Know About Optimizing the Hospital Supply Chain
As hospitals across the country feel pressure to cut costs and improve operational efficiencies, the role of the hospital supply chain becomes increasingly important. Hospital supply chain issues are no longer just the concern of materials management departments and service line VPs. C-suite executives are also getting heavily involved. When they do, they should first know five critical points when it comes to supply chain management. [Read More]
 
Finance Headlines
Adding Tort Reform to Healthcare Reform Could Lower Costs
Janice Simmons, for HealthLeaders Media - October 12, 2009
New health bill would raise rates, says insurance group
Washington Post - October 12, 2009
Health plan's effect on costs may be slight
Boston Globe - October 12, 2009
Massachusetts plan may place limits on patients' hospital options
Boston Globe- October 12, 2009
Inquiry may alter HCA's IPO plan
The Tennessean - October 8, 2009
 
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From HealthLeaders Magazine
The Patient of the Future
HealthLeaders September 2009 Physicians suggest. Patients ignore. Technology alone won't bring them together. But a new relationship just might. [Read More]
 
Service Line Management
Certifiable Stroke Care
With a growing emphasis on stroke center certification, hospitals must demonstrate that they have the teams in place to treat stroke patients quickly and effectively, or risk losing patients to a competitor down the road. [Read More]
 
Money Talk

A look at one hospital's struggles to improve

West Branch (MI) Regional Medical Center
Rating: BB
Outlook: Negative
Affected Debt: $12.3 million
Agency: Standard & Poor's
Remarks: Rating revised from stable because of declining volumes over the past few years and the sudden departure of a couple of surgeons.
[Read More]
 
Audio Feature

Getting More Out of Your Revenue Cycle: Tony Reisz, CEO of Ontario Systems, talks about how hospitals can squeeze more out of their revenue cycle through a focused front-end effort. [Listen Now]
 
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Webcasts

November 17: Service Lines Strategies Workshop 2009: Stroke Care
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October 29: Flexible Medical Staff Models of the Future
October 22: Marketing to Physicians: Build Relationships to Increase Referrals
 
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