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.
In the wake of declining payments and the ongoing transition to a system aimed at rewarding, or penalizing, based on patient outcomes, healthcare providers face continuous pressure to drive down costs, improve processes, and be better stewards of resources. The industry's next imperative is the pursuit of innovations that can reduce costs and create value.
Several key areas illuminate the trend toward delivery system innovations.a
Care transition programs seek to better coordinate care for patients at high risk of returning to the emergency department (ED) or to inpatient care. Penalties for readmissions and “never events”—and the emergence of new bundled payment programs—have triggered the next wave of transition initiatives. Innovations range from centralized call centers that schedule follow-up appointments with primary care physicians to personalized audio care instructions and educational videos that can be reviewed by smartphone or computer.
Evidence-based guidelines and consensus-based best practices yield better information on which treatments work best for which patients—and whether the benefits are in line with the costs. From processes and checklists designed to standardize care to clinical and operational protocols, these innovations help reduce unwarranted variation in care and guide the delivery of high-quality outcomes at lower cost.
“Lean” production tools reeducate the healthcare workforce to identify waste and redesign processes for removing it. The Lean approach has helped accomplish a wide range of goals, such as reducing length of stay in the ED, decreasing stock-outs in materials management, and minimizing patient wait time.
Population health management programs stratify patients into well-defined risk groups and execute different care strategies based on each group’s needs. These programs require robust business analytics and data management, captured in a way that facilitates structured decision-making. Aided by the right technology, providers can continuously innovate by using appropriate care interventions, proactively managing patient outreach, and monitoring compliance with evidence-based guidelines.
e-Health initiatives can extend capabilities and patient interactions beyond traditional care settings. From a cost management perspective, e-Health offers a robust value proposition for providers, including conducting follow-up visits to avoid readmissions; providing physician-to physician consultation to improve diagnoses and potentially decrease emergency flights and patient transfers; connecting with patients between periodic appointments for motivation, course correction, and overall disease management; and addressing physician workforce shortages.
In health care, the need for new approaches to historic industry challenges has never been more acute. Containing costs without cutbacks in coverage or services calls for new ways of thinking and acting. Through such evolving approaches, many providers are reaping the benefits that innovation can have in ensuring success on the next horizon of integrated, value-driven, patient-centered care.
a. These trends are discussed in a recent Ernst & Young report, New Horizons: Innovation, for the healthcare industry.
William A. Fera is a member of the Ernst & Young LLP Advisory Health Care practice and is based in Pittsburgh, Penn. Follow Bill on Twitter: @BillFeraEY
The views expressed herein are those of the author and do not necessarily reflect the views of Ernst & Young LLP.
Publication Date: Monday, October 07, 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.
©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: