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Learn more about the healthcare finance industry's leading professional association. Find out why our members rely on HFMA as their go-to source for insight and information.
Members have many options for helping them advance their careers. Conferences, seminars, eLearning, certification, and more -- our education and events will keep you motivated.
Strategize for success with the nation's top performers at HFMA's Revenue Cycle Conference (MAP Event) from Sept. 25-27 in Phoenix, Arizona. Register now.
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Stay up-to-date in a rapidly changing industry in Fort Lauderdale (Nov.16-18) and Chicago (Dec. 12-14). Register early and save.
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Forum members can network during live webinars or access a library of past webinars on topics such as ICD-10 implementation, CMS audits, bundled payment, charity care, KPIs, and more.
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Distinguish yourself as a leader among your peers and advance your career by earning certification in our healthcare finance programs.
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MAP App is a web-based application that helps organizations improve revenue cycle performance based on industry-standard metrics called MAP Keys.
Find suppliers and products in this comprehensive vendor directory for healthcare finance professionals.
Guidance for understanding and communicating about the price of health care.
Transformation toward value-based healthcare is reshaping the delivery of care, patient expectations, and payment structures.
Improve your revenue cycle performance through standard metrics, peer comparison, and successful practices.
October 31 marked the halfway point for the DCMS year-so how close is your chapter to achieving its goals?
Now is a good time to carefully examine your CBSC Progress Report and take stock of where you are so you can make adjustments while there is still time to affect change.
Compare both your total education hours and your hours per member. You should be close to the halfway point. This is where your chapter's PPT report is invaluable. Look at your chapter's budget for the events you've planned for the next six months. Will the budgeted hours carry you to the finish line?
How accurate was your forecasting for the first six months? We are testing a new report-the PPT Variance Report-which we will post following the quarterly reporting deadlines. The new report compares your chapter's actual member and non-member attendees and hours to your budgeted members and non-member attendees and hours and shows how well your chapter's performance matched your projections. It also shows the variance between your estimates and the actual reported numbers.
If you would like assistance in using the information in this report, contact Chapter Relations and we will be happy to walk you through it and will welcome any feedback that you have on the report.
Ideally, your estimates should be within 10 percent of your actual numbers. A single event can make a big difference in your estimates so it's important to identify whether your variance was due to a single program or part of an overall trend. If you are consistently over or under, take a hard look at how you are determining your budget numbers.
Items to consider:
You can also direct your members to HFMA's Education and Events for links to conferences, seminars, eLearning opportunities, webinars, and the Desktop Learning Center.
Compare this year's count's with last year's using the Membership End-of-Month Reports. Are your recruitment and retention efforts paying off?
Surveys were mailed Oct. 29 and HFMA sent two additional reminders to complete the survey. Survey results will be available before the Jan. 23 webinar: "Data to Delivery-Defining Your Market with Intelligence."
Remember that this year's CBSC goal is still based on exams taken, not passed. The number of exams taken appears on the CBSC Progress Report. Certification awards, however, are currently based on the number of exams passed. The number of exams passed appears on the DCMS Acknowledgement Report. For more information, visit the Certification Contact Toolkit.
Now is the time to think about how you will end your year. Days Cash on Hand, taken from your chapter's 2011-12 fiscal year end, was posted Oct. 24 to the CBSC Progress Report. Although you can't change what's entered on the 2012-13 CBSC, keeping an eye on revenues and expenses now will help to ensure that your chapter stays between the required 150 and 600 days cash on hand for the 2012-13 fiscal year, which will be reported on the 2013-14 CBSC.
Keep your eyes on your CBSC Progress Report. Watch the quarterly education reporting ratios to see how many programs have been reported and how many are outstanding. The 21-day reminders should help you keep track of events that have gone unreported after 21 days. To see which events are still unreported, check your PPT report. If an event has been cancelled or postponed but still shows as active, make sure to update the status in the PPT. Also, remember to add any new program to the PPT as soon as plans are completed so it won't be forgotten and so you have a more accurate information on your program hours projections. If you have questions about how to monitor your PPT, contact email@example.com.
Make sure your newsletter has been reported using the online reporting tool. You can find the tool in the Newsletter Chair Toolkit, the DCMS Contact Toolkit or in the Reporting Tools section of Chapter Reports and Reporting Tools.
Aside from reporting events and newsletters on Feb. 10 and May 10, there are still two additional DCMS requirements that can affect your on-time reporting status:
Publication Date: Thursday, November 29, 2012
In this Business Profile, Bruce Haupt, president and CEO of ClearBalance, discusses how a patient loan program can increase patient collections, reduce bad debt, and speed cash flow.
In this Business Profile, Jerry Bruno, principal with Deloitte Consulting LLP, discusses the importance of choosing revenue cycle solutions that help an organization meet the challenges of a quickly evolving healthcare environment.
In this business profile, Lane Jackson, a partner in the Grant Thornton LLP Health Care Advisory Services practice, with extensive experience in overseeing system implementations and revenue cycle reorganizations, discusses best practices for elevating revenue cycle performance during an EMR implementation. Grant Thornton LLP is a sponsor of the Large System Controllers Council Affinity Group.
In this business profile, Amy Gross, senior vice president of Key Government Finance, discusses the benefits of private placement transactions to support large-scale financing projects.
In this business profile, Doug Polasky, executive vice president at Xtend Healthcare, explains the importance of having sound workflow processes in a consolidated business office to ensure optimal performance and reduce costs.
In this business profile, sponsored by SSI, Jay Colfer, vice president of sales and marketing, shares how patient access solutions are reversing the trend toward increased bad debt resulting from the rise in high-deductible consumer health plans.
In this business profile of Deloitte Consulting, Matthew Hitch and David Betts explore the potential benefits of elevating the customer experience and outline strategies to change service delivery.
TriMedx helps health systems control costs and uncover savings opportunities by optimizing the clinical engineering function.
Converse and network with your peers around vital topics.
Drive down costs while improving quality in a reform environment.
Receive expert insights and how-to action to achieve and maintain peak revenue cycle performance.
Access expert insights on financial forecasting/planning, strategic partnerships, capital allocation, and more.
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