Innovations in Cost Management
Identifying the myriad components that go into driving patient care costs has allowed some health systems to find more ways to lower the cost of the care they provide.
By Rich Daly
From the President's Desk
Expanding on thoughts in his March 2014 column in hfm magazine, HFMA's President and CEO Joe Fifer discusses provider scale.
Cracking Down on Cost Outliers
Hospitals should develop a systematic approach for identifying the patients and physicians who are driving higher costs in their organizations and then managing these outliers to reduce costs of care.
By Jill E. Sackman, Levi Citrin
Uncovering Key Data Points to Improve OR Profitability
Hospital finance leaders can increase profit from operating rooms by developing performance improvement plans around key statistics, such as utilization, unique morning starts, and delays.
By Robert Stiefel, Howard Greenfield
The New Face of Growth
Value, the key to increasing profitability, depends on effective strategies to build a broad, loyal patient base.
By Sasha Preble, William Wachs
A Multidisciplinary Approach to Improving Revenue Integrity
Forming a systemwide team to improve revenue integrity enabled Intermountain Healthcare to reduce charge errors by 3 percent across its organization.
By Todd Craghead, Eric Liston
Centralized Contracting: An Imperative for Reducing Health System Costs
A centralized contracting approach has enabled Spectrum Health to eliminate redundancies and reduce costs in areas ranging from facilities to labor to purchasing of clinical supplies.
By Christopher Baskel
Bond Financing in Volatile Times
With increased need for capital, balance-sheet pressures, and volatile markets, capital access requires new sophistication.
By Kenneth Gould, Christopher Blanda
Anesthesia Subsidy: Unraveling the Web of Doubt
By dispelling the myths and understanding the realities of anesthesia subsidies, hospital administrators can better structure their agreements to improve service, revenue and performance.
Total Cost of Ownership: The Influence of Clinical Engineering
By identifying hidden costs associated with clinical engineering, healthcare providers can expense on the general ledger, and appropriately staff clinical engineering to drive both short-term and long-term savings.
Achieving an Integrated Revenue Cycle
An integrated revenue cycle fosters cross-continuum collaboration as well as healthcare delivery, enterprise-wide operations, and customer service.
Integrating Hospital and Physician Revenue Cycle Operations
An integrated revenue cycle strategy supports coordinated care delivery initiatives while reducing costs, enhancing efficiency, and improving patient satisfaction.
By Kevin Lockett
Web Extra: Learn what to consider in developing an effective revenue cycle integration strategy.
Cost and Quality
Using Business Intelligence to Reduce the Cost of Care
"An effective business intelligence system includes four information strategies: population health analytics, risk-based cost analysis, performance analytics, and care management."
By Daniel Marino
From the Chair
Connecting with Capital Suppliers
HFMA's Capital Conference gives providers the chance to share their strategic initiatives and financial performance with representatives from the capital markets and each other
By Steven Rose, FHFMA, CPA
From the President
The Future of Consolidation
Consolidation in health care makes sense only when it drives a lower-cost offering to the market and creates a better value proposition for consumers.
By Joseph Fifer, FHFMA, CPA
Eye on Washington
Why 2014 May Be the Year for Physician Payment Reform
The level of interest Congress has shown in fixing the sustainable growth rate for physician payment in the past year is more promising than it has been at any time in the past two decades.
By Gail Wilensky
Enhancing the Value of Hospital Medicine Groups
Hospitalists play a significant role in efforts to improve both the quality and cost-effectiveness of patient care in acute care settings.
By James Landman
Physician Pay and Student Debt
Healthcare professionals should be deeply concerned about the looming student loan crisis that indirectly threatens their incomes.
By William Weeks
Using Life Insurance to Build Future Capital
Deferred giving programs can effectively build future assets for a healthcare organization’s foundation.
By Randall Luecke, Joseph Fernandez, Marjorie DeCanio
National Average Costs by Department for Heart Failure and Shock (Revisited)
By William Shoemaker
Web Extra: Read the March 2010 Data Trends: National Average Costs by Department for Heart Failure and Shock.
Member Spotlight: Helping Hands (and Feet)
Publication Date: Monday, March 03, 2014