Insight, analysis & opinion from Joe Paduda
Probably yes. Facilities account for between a third and half of work comp medical spend – and that share is increasing as health systems and hospitals consolidate. Reality is there’s major variation between hospitals – some are stupid expensive, others … Continue reading Facility costs and quality – are you operating in the dark?
Read More...Revenue Cycle Management. RCM is the acronym for a focused, ever-evolving, highly sophisticated approach hospitals, ambulatory care facilities and healthcare systems use to suck as many dollars as possible from employers, taxpayers and insurers. There are scores of RCM companies … Continue reading Why your facility costs are increasing.
Read More...If you are a work comp payer, you don’t have to pay those ridiculous facility fees when care is delivered outside the hospital – at least not in Pennsylvania. That’s the decision rendered by the Pennsylvania Bureau of Workers’ Compensation … Continue reading Those damn facility fees
Read More...Here’s two things which will likely increase facility costs. Becker’s reported last week that so far this year hospital and health system margins (with some very notable exceptions) are pretty crappy – down almost 12 percent month over month in … Continue reading Facility costs…more bad news
Read More...My apologies for the previous attempt to post this…a picture in the post somehow blocked the view of the body of the post. What’s the deal with long-term COVID? Why are facility costs increasing and where? How will labor market … Continue reading This one works…COVID, facility cost drivers, employment – don’t miss WCRI’s annual confab
Read More...What’s the deal with long-term COVID? Why are facility costs increasing and where? How will labor market disruptions affect work comp? These and other questions will be addressed in Boston March 16 and 17 at WCRI’s Issues and Research Conference. … Continue reading COVID, facility cost drivers, employment – don’t miss WCRI’s annual confab
Read More...Hospitals are drowning in red ink. In many states, workers’ comp is the lifeline. Privately-insured patients are avoiding hospitals while those facilities have spent huge dollars to buy PPE, make modifications, and ensure they are ready for a COVID19 patient … Continue reading It’s the facility costs, folks.
Read More...As the coronavirus continues its relentless march, hospitals and health systems are getting crushed. With elective procedures banned in many states, the profitable patients hospitals relied on to generate profits have disappeared. Meanwhile, expenses related to preparing for COVID19 patients … Continue reading Watch those facility costs…
Read More...Costs for hospital-based care – driven by large price increases – are increasing faster than any other medical service. This from HealthAffairs: in the period 2007–14 hospital prices grew substantially faster than physician prices. For inpatient care, hospital prices grew … Continue reading Facility costs are the problem. Here’s why.
Read More...Pharmacy costs are dropping, imaging is not an issue, physician expenses are growing modestly, and while PT payments are going up a bit, much of that is fee-schedule driven. The problem area – and it is a big one – … Continue reading Work comp payers – watch out for facility costs
Read More...