Healthcare Connection – June 30, 2015
Report: Hospitals Face Increased Financial Risk From Insured Patients
Healthcare providers should be mindful of the ever-growing high-deductible health plan population, a result of the newly insured and the migration of employer-sponsored health plans, according to the quarterly Crowe Horwath LLP Revenue Cycle Analytics (Crowe RCA) Benchmarking report. Using patient account-level transactional data to generate finance and revenue cycle benchmarking results for several key performance indicators, metrics related to the insured patient population, the increase in self-pay after insurance uncompensated care, and how providers can address the associated financial risk are discussed.
Download the Report and Infographic
IRS Releases Guidance on “Provider Listing” Requirement of the Affordable Care Act
Time is running out for charitable hospitals to comply with the final regulations under IRC Section 501(r), which was added by the Patient Protection and Affordable Care Act of 2010. Hospitals must comply with the final regulations, which dictate the requirements of financial assistance, emergency medical care, and billing and collection policies – as well as the requirements of community health needs assessments – for tax years beginning after Dec. 29, 2015. The IRS has released guidance on the most controversial provision of the final regulations regarding how hospitals can comply with the provider listing requirement.