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Revenue at nonprofit hospitals grew at an all-time low. Historically, hospital revenue has grown at a rate of 7 percent. However, results of a recent study performed by Moody’s Investors Service found that in 2013, revenue only grew by 3.9 percent. Moody’s posited that the popularity of high-deductible health plans and the increased likelihood of postponing care or use of lower cost retail clinics are likely culprits. The researchers also suggested that recent Medicare cuts are another contributor. With expenses growing faster than revenue, hospitals are in a tough position. ICD-10 testing weeks are announced. The Centers for Medicare and Medicaid…
The healthcare industry has been kind to Phoenix, and we love reciprocating! We hope you will benefit from our insights into key IT issues, gained from our long on-the-ground professional experience.