Latest Insights
CARES Act No Match for Drastic Decline in Outpatient Net Revenue
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is aimed at providing relief for individuals and businesses that have been negatively affected by the coronavirus pandemic. The legislation contains many aspects and recipient categories, with healthcare being a major beneficiary.
Get Ready for the Autonomous Business Office
Technology in industries, including financial services and manufacturing, has evolved rapidly over the past 20 years, with offices becoming more and more automated and digitized. Consider the leading companies in market capitalization in the early years of this century: Hard-asset companies (think GE and Walmart). Today’s leaders in market cap? Digital companies (think Apple, Amazon, and Facebook).
Checklist: Is Your Organization Ready for the Future of Healthcare Finance?
Healthcare organizations should prepare for what’s next in healthcare finance. Answers to the following eight questions will give finance leaders an accurate read on how ready they are for the future of Healthcare Finance.
Q&A: The Journey to an Autonomous Business Environment
The automated, digitized business environment of the future is here now for many industries. And as healthcare works to catch up, many organizations are beginning to make moves toward automating their business functions, including those related to the revenue cycle, finance, and other shared services. Organizations that don’t adapt to the change most likely will be left behind as their competition gets ahead.
Checklist: 24 Things Healthcare Organizations Can Do to Prepare for Tomorrow
Is your hospital, health system, or medical practice ready for what’s next in the business of healthcare? Are you? Your readiness will depend on the foundational changes you make today in how you do your job.
What Issues in Your Health System are Keeping You Awake at Night?
Our teams of seasoned professionals specialize in the areas of healthcare forensic accounting, investigations, litigation support, e-discovery, and compliance. We offer the deep knowledge and experience that comes from working with healthcare organizations for more than 70 years.
What Will Healthcare Look Like When the Dust Settles?
Crowe HC Summit 2017. With so many shifts occurring in healthcare today, what will the industry look like when the dust finally settles?
Optimize Revenue Cycle Performance Using the Right Metrics
Healthcare organizations today are drowning in data. Data metrics help organizations assess their revenue cycle performance, but the weight of too much data – coupled with a lack of clear direction for how best to interpret and use that data – quickly can overwhelm and even paralyze organizational leadership.
Q&A With Warren Beck
Warren E. Beck recently joined Crowe as the firm’s healthcare advisory services leader. Beck comes to Crowe from the Cardiovascular Care Group in Nashville, Tennessee, where he served as CEO. He also worked for more than 25 years in various roles at Vanderbilt University Medical Center, including as the academic medical center’s CFO from 2009 to 2013. Brian Sanderson, managing principal of the Crowe healthcare services group, sat down with Beck to talk about some of the major challenges facing healthcare providers today, his thoughts on how to address them, and his plans for the healthcare advisory services group.
Optimize Performance During a PAS Conversion
Many healthcare organizations have recently implemented a patient accounting system (PAS) conversion or are currently in the planning process for a conversion. These systems, which are sometimes implemented as distinct stand-alone packages (for example, “financials only”) and sometimes as components of an electronic medical record system, are popular solutions for driving efficiency and creating value.
Impact of the ACA on Patient Responsibility
(ACA) became law in January 2014, no one could accurately predict its impact. Now that the law has been in effect for nearly a year, enough data is available to assess the early results and examine the effect on patient responsibility, which is the amount that a patient owes on healthcare services rendered, excluding insurance payments. Are hospitals seeing more insured patients than they saw prior to January 2014? Has patient responsibility increased or decreased? How does each state’s decision about whether to expand Medicaid have an impact on the ACA’s stated goal of insuring more low-income Americans?
Healthcare Risks of the Two-Midnight Rule
We all have had a loved one in a hospital for one reason or another, or we might even have experienced a hospital stay of our own. We like to think because we are so knowledgeable of the industry and have insight into the rules, guidelines, and regulations, hospital mistakes won’t happen to us or our families. But mistakes can and do occur.