Browse by Topic
More than 40,000 members value HFMA's thought leadership and practical strategies. HFMA is where you need to be.
Get acquainted with the
healthcare finance industry's leading professional association. Find out why our
members rely on HFMA as their go-to source for insight and
Members have many
options for helping them advance their careers. Conferences, seminars,
eLearning, certification, and more -- our education and events will keep you
Connect the dots on today's big issues, explore collaborations, get career-boosting tips, and network with colleagues nationwide at the leading finance conference. Save $100 off the full conference rate when you register by May 8.
Real-time presentations with nationally recognized experts, networking opportunities, and industry solutions—no travel required!
Get the latest, practical education in key areas of healthcare finance over 1, 2, or 3 days. Choose Essentials Programs or Master Sessions in DC or Seattle. Register early and save $100.
If you're a subscriber to any of our three newsletters, you have access to online education. Learn more or subscribe.
Get the perspectives of leading healthcare finance professionals on today's hottest issues.
Information about leading vendors helps your buying decisions.
Forum members can network during live webinars or access a library of past webinars on topics such as bundled payment, charity care, and ICD-10.
An ever-expanding collection of spreadsheets, policies, job
descriptions, checklists, and more that you can adopt and adapt.
Forum members can submit vexing questions to a panel of experts
using our Ask the Expert service.
Your source for employment solutions.
Find new employment opportunities or
reach out to qualified candidates.
Distinguish yourself as a
leader among your peers and advance your career by earning certification in our
healthcare finance programs.
Get an objective third-party evaluation of products and services used in the healthcare finance workplace.
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.
Guidelines on how to make it easier for consumers to get information about healthcare prices.
Improve your revenue cycle performance through standard metrics, peer comparison, and successful practices.
The U.S. health care market is changing on almost a daily basis, driven primarily by the implementation of the Affordable Care Act, and all efforts to corral the continuing runaway costs that affect every corner of the health system.
More and more, success or failure for most organizations will be tied directly to their ability to bend the cost curve and demonstrate improvements in healthcare outcomes. As a result, we are now increasingly seeing more early-stage approaches to lowering costs and more patient-centric forms of care, including the rapid rise of accountable care organizations and virtual care services.
The changes in today’s healthcare system are also paving the way for some unexpected alliances. We have recently seen a number of new collaborations among big pharmaceutical companies, payers, and providers focused on improving health outcomes.
The pilots of these efforts have played a critical role in moving the whole industry toward a more outcomes-focused approach and are setting the stage for more holistic, incentive-based partnerships or “collaborative care networks” that include providers and various other players such as research/academic medical centers, contract research organizations, or payers and life sciences companies. The intent of such networks is to develop a common sense of purpose or collective intent, target a specific disease category or patient population, and apply the collective knowledge of the group to better predict and improve outcomes.
Ultimately, the goal of such networks would be to establish life-long relationships with patients. As incentives get realigned, most proactive provider organizations realize that they face disruption in the future as they work to build the many partnerships that will be required to meet the demands of patient experience, pre- and postacute care, lifestyle care, and guaranteed health outcomes. Until recently, a hospital that overlooked an antibiotic or gave poor instructions to a patient on his or her discharge from the hospital could anticipate a perverse reward: the chance to bill the patient again should more treatment become necessary. Penalties for readmission and never events and the promotion of new bundled payment programs are ushering in a new era. As this trend intensifies, providers will need to leverage evidence- and consensus-based best practices, optimize workflows, adopt packaged pricing, and create explicit accountabilities with a “warranty” to deliver patient-centric care.
In tomorrow’s healthcare system, providers will be rewarded not for the number of procedures they perform, but for their ability to provide holistic care and keep people healthy. To reap such rewards, organizations will need to think differently about how they can collaborate with other healthcare stakeholders in creating value and how they can adopt patient-centricity into every facet of their operations.
(For related insights, see Ramko, K., Wadhwa, S., and Blanchford, M., “5 Insights for Executives: The Power of Collective Intent,” Ernst & Young LLP, 2013).
William A. Fera, MD, is a principal and the clinical transformation leader in Ernst & Young LLP’s Health Care Advisory Services practice.
Sanjeev Wadhwa is a principal and the R&D and patient adherence leader in Ernst & Young LLP’s Life Sciences Advisory Services practice.
The views expressed herein are those of the authors and do not necessarily reflect the views of Ernst & Young LLP.
Publication Date: Wednesday, May 01, 2013
Brian Kueppers, founder and CEO, Apex, discusses the importance of a robust patient payment strategy in boosting organization revenue and enhancing patient satisfaction.
Brian Grazzini, CFO, HealthPort, describes the importance of efficient and compliant information exchange and audit management in helping HIM staff spend less time on paperwork and more on mission-critical projects.
Cindy Matthews, executive vice president, Community Hospital Corporation, discusses how rural and community hospitals can use collaborative partnering to position for success through tough market conditions.
Rick Heise, senior vice president, revenue cycle, at Cerner Corporation, discusses the importance of integrating clinical and financial data to excel in health care’s changing payment environment.
Dale Hockel, senior vice president of operations, and Jim Fanelli, CFO, TriMedx, share strategies for elevating clinical engineering through innovative management programs.
Russ Graney, founder and CEO for Aidin, and John Laursen, head of business development for Aidin, share insights on how to improve care transitions between acute and post-acute care settings and incentivize high-quality patient outcomes.
Scott Elston, strategic accounts manager, GE Healthcare Services, describes how substantial cost reduction in health care requires rethinking business strategy and asset use.
Robert Williams, MD, director, Deloitte Consulting LLP, and Arielle Freiberger, product strategist, ConvergeHEALTH by Deloitte, explain how sophisticated retrospective, real-time, and predictive data analytics can inform decision making to reduce costs and improve care.
Stuart Hanson, director of business development (healthcare solutions) at Citi Retail Services, discusses how improving the payment experience can benefit consumers and healthcare providers.
Scott Schmidt, vice president, Cerner RevWorks, LLC, shares insights on best practices for maximizing a revenue cycle management partnership.
HFMA's print, email, online, and mobile opportunities provide you maximum reach and impact. We will work with you to build a plan that meets your needs. Contact a sales rep.
HFMA offers online, email, and print opportunities to help you recruit the most talented healthcare finance professionals. Place your classified ads today.
Drive down costs while improving quality in a reform environment.
Stay informed about new directions in healthcare finance. Share tools and strategies for improving performance. Be an active participant in your profession. Together, we’ll reshape the business and practice of healthcare. Join us.
©2015 Copyright Healthcare Financial Management Association
HFMA.org is best viewed using IE9 or the latest versions of Chrome, Firefox, and Safari.
Join HFMA today and enjoy: