Hospitals see financial gains due to higher volumes

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Top Story Hospitals See Financial Gains Due to Higher Volumes & Improved Throughput Hospitals saw improved financial performance during the first four months of the year, with operating margins rising to 3.3% thanks to higher patient volumes and more efficient throughput. However, experts warn that hospitals remain financially vulnerable as non-labor expenses continue to rise. Sponsored The 5 Best Medical Billing Outsourcing Companies Presented by Global Healthcare Resource Medical billing is a tedious administrative task, but outsourcing it may be the key to increased revenue. Explore the top medical billing outsourcing companies and the benefits of partnering with one. Learn More

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Serve You Rx Adds 2 Stelara Biosimilars to Formulary to Help Patients Save Costs In partnership with Cost Plus Drugs and Waltz Health, Serve You Rx has added Stelara biosimilars Otulfi and Yesintek to its formulary. How Healthcare Can Reduce Cybersecurity Response Times from Hours to Minutes  When an attack or other issue occurs, the main difference between being down for months versus minutes or a day is having a mature and tested incident response plan. Without a plan, your cybersecurity team is flying blind, resulting in confusion and inefficiency that significantly slows your response time. The Hidden Cost of Disconnected Quality Systems: Why Hospitals Should Modernize Now The case for modernization isn't solely about improving efficiency. It's about equipping hospitals with the resources necessary to manage risk proactively, respond to negative trends quickly, and prioritize patient safety with high reliability.

Video   How Might the GOP's Budget Plan Affect Hospitals' Margins? The Trump administration's flagship budget package, which is making its way through Congress, includes the biggest Medicaid funding cuts ever proposed in the history of the program. Experts believe this bill would lead to unsustainable revenue losses for providers. An increase in uninsured patients would lead to more uncompensated care — which could drive up hospitals' costs during a time when their expenses are already climbing steadily. Experts also think the legislation could result in higher premiums for commercially insured patients. Hospitals factor in things like bad debt and unpaid patient bills when they're negotiating rates with insurers — and this often ends up driving up healthcare costs for the average consumer.

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