Why Medicare Cost Reports Are More Than a Compliance Exercise
For many finance departments, Medicare cost reports are viewed as an annual obligation. Something to complete. Something to file. Something to survive. I think that's a missed opportunity.
Five Financial Metrics Every Hospital Board Should Review Every Month
Hospital boards review hundreds of pages of financial reports every month. Ironically, some of the most important indicators of financial health can fit on a single page. If I were advising a hospital board today, these are the five metrics I would insist on reviewing every month.
Hospitals Don't Have a Revenue Problem—They Have a Margin Problem
Turn on the news or attend any healthcare conference and you'll hear the same message: hospitals are under tremendous financial pressure. Labor costs continue to climb. Supply expenses remain unpredictable. Reimbursement isn't keeping pace with inflation.
The $10 Million Revenue Leak: Where Hospitals Lose Money Without Realizing It
When hospital leaders talk about improving financial performance, the conversation usually starts with increasing patient volume. But after working in healthcare finance for more than two decades, I've found that many hospitals don't have a volume problem—they have a leakage problem.
