D'Arcy Gue

Lowest Hospital Revenue Increases in Five Years, ICD-10 Testing Dates, and Mega DoD RFP

August 29, 2014

Healthcare Industry, Healthcare IT, ICD-10 2 Minute Read

Revenue at nonprofit hospitals grew at an all-time low.

Historically, hospital revenue has grown at a rate of 7 percent. However, results of a recent study performed by Moody’s Investors Service found that in 2013, revenue only grew by 3.9 percent.

nonprofit hospital revenue growth

Moody’s posited that the popularity of high-deductible health plans and the increased likelihood of postponing care or use of lower cost retail clinics are likely culprits. The researchers also suggested that recent Medicare cuts are another contributor.

With expenses growing faster than revenue, hospitals are in a tough position.

ICD-10 testing weeks are announced.

The Centers for Medicare and Medicaid Services (CMS) announced three different testing weeks leading up to the implementation date for ICD-10.

  • First testing week: Nov. 17-21, 2014
  • Second testing week: March 2-6, 2015
  • Third testing week: June 1-5, 2015

The testing intends to validate providers’ ability to meet “technical compliance and performance processing standards” during implementation.

For details on testing and provider participation, visit the CMS website.

The DoD has officially issued an RFP for an EHR contract.

The Department of Defense (DoD) has issued a formal request for proposals for its multi-billion dollar EHR modernization project.

The DoD is aiming to select the winner in Q3 of fiscal 2015. It plans to have the final, modernized systems in place by the end of 2016.

The DoD’s modernization efforts are focused on replacing its legacy health care systems to replace its legacy healthcare systems. Once completed, the Defense Healthcare Management System Modernization (DHMSM) project will aim to support medical readiness for DoD’s military personnel and support the department’s current population of more than 9.6 million beneficiaries and over 153,000 Military Health System personnel.


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