A forward-thinking financial model can help hospital leaders better predict and balance potential gains and losses from incentives, penalties, volume changes, and other factors related to value-based payment.
To thrive in the increasingly disruptive healthcare environment of the future, accountable care organizations (ACOs) will need to develop a strategy that is data driven and consumer focused. It is becoming clear that, to enjoy long-term financial success, ACOs must position themselves to assume greater risk/reward models.
The ECG team has been chosen as a preferred vendor for the MassHealth DSRIP Technical Assistance (TA) Marketplace. The MassHealth TA Marketplace is a product of MassHealth—the Commonwealth of Massachusetts’ Medicaid and Children’s Health Insurance Program—and contractor Abt Associates.
Population health is often discussed in the context of large, adult-focused healthcare systems, yet children make up nearly a quarter of the U.S. population— and children represent one of the most vulnerable and important population segments. Children’s hospitals, guided by their boards, can play a critical role in managing the health of the youth community.
Jeff Hignite, a senior manager at ECG, was recently named one of Becker's Hospital Review's Rising Stars. We sat down with him to get his perspective on the future of healthcare and his work in the industry so far.
Private equity investment is burgeoning throughout the U.S., and health care is one of the “in” targets for investors.
Healthcare is at a crossroads with regard to data, analytics, and reporting. While healthcare has historically lagged other industries in its approach to data, there is growing recognition that it is necessary to gather, analyze, and apply data in a meaningful way.
As payment processes for healthcare services become increasingly complex, many healthcare provider organizations choose to outsource some or all their revenue cycle functions to a third party vendor. However, the perceived benefits of outsourcing can turn out to be illusory if five key considerations are not addressed in vendor contracts.
It’s more important than ever to read an ASC contract or amendment prior to signing it and again after receiving the finalized version. We recommend highlighting information for your business office manager so they may operationalize the contractual obligations and build them into policies and procedures so you can maximize your contract rates and avoid lost revenue.
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