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Looming Budget Cuts Make Hospital Belt-Tightening Increasingly Difficult



Ongoing reductions in federal funding for healthcare in the fiscal 2013 budget and beyond could make it disproportionately more difficult and more expensive for hospitals that rely on Medicare to borrow money, Moody's Investors Service says.



1 comments on "Looming Budget Cuts Make Hospital Belt-Tightening Increasingly Difficult"
ANTHONY WUNSH (3/11/2012 at 10:38 AM)

The area they can have the most impact on to reduce these potential challenges is revenue cycle. There is billions in wasted costs, and hundreds of billions in uncollected dollars. Slow pay and no pay by both patients and insurance and government is an epidemic and can not be sustained. I have been preaching for three years, we need to impact what we have control over and the processes used to manage revenue cycle are out dated, inefficient and broken, They were never designed to handle 31% patient responsibility or the additional mandates in audit, meaningful use and technology. WE lose in wasted cost or lost revenue over 800 billion dollars a year now, imagine this impact on the cost of care delivery. Also in charitable care the cost to process and time to process these patients is so cumbersome that more than 80% never get processed and these dollars are just written off. I would love to share more if you request it