Here's The Latest in Health Care:
• Even before COVID-19, 250-bed hospitals lost $4.7–$11 million per year from mid–revenue cycle leakage. Now, pandemic-fueled volume losses and razor-thin margins mean hospitals can no longer afford to lose out on that earned revenue. Educated guesses and imprecise, stopgap efforts aren't enough. Revenue cycles need precise strategies to identify exactly where leakage occurs and implement solid processes to stop leakage before it starts. Read More
• Health care organizations have a responsibility to create an environment where patients feel like it's safe to raise their hand if something has gone wrong. But, why aren't they speaking up? According to a recent study, the reasons vary from wanting to simply put the event behind them to not believing it will do any good. Hospitals and health systems have placed an emphasis recently on getting patients and families to speak up when they've experienced medical harm such as a misdiagnosis. Read More
• According to some health care leaders, the pandemic has reinforced the reality of racial disparities in the U.S. health system, but that story remains difficult to see in the data, which is still inconsistently collected and reported across the country. This week, a coalition of researchers and advocates launched a tool they hope will fill some of those gaps. The Health Equity Tracker is a portal that collects, analyzes, and makes visible data on some of the inequities entrenched in U.S. medicine. Read More
• In the past few years, big tech companies and retail pharmacy chains have scaled up their consumer-minded healthcare offerings. These efforts, from companies such as Amazon, Walmart, and CVS, promise to improve affordability and convenience for patients. However, it's unclear whether these consumer-minded healthcare pushes have made it easier for Americans to access the care they need and stay healthy. Read More
Each Friday, Signor Goat reports the latest from the week in health care. Check back next Friday for your dose of our little medical corner of health care news. Brought to you by pMD, innovators in charge capture, medical billing, revenue cycle management, telehealth, secure messaging, clinical communication, and care navigation software.