06_HFM-Cover

Cover Feature

Using Comparative Data to Improve Healthcare Value

By Joane H. Goodroe

Using comparative data can engage physicians in finding ways to drive efficiencies in care.

Features

Healthcare Reform: The Good, the Bad and the Transformational

By Chad Mulvany

With the passage of healthcare reform, a hospital financial leader's top challenge is to become knowledgeable about the legislation and its likely impact on a hospital's bottom line.

Achieving Operational Efficiencies Using a DRG-Based Tracer Approach

By Jack Gottlieb, Aalia Khawaja, Karen Teitelbaum, and Alan Channing

A DRG-based tracer approach, focusing on a high-volume DRG, can help identify inefficiencies in patient care. Mount Sinai Hospital used the approach to improve care related to DRG 143: chest pain.

Web Extra: Tracer Analysis: Patient Care Process Flow Diagram, DRG 143

Do Your Nurses Speak Finance?

By Quint Studer

Three healthcare organizations show how they forged a common understanding between clinical and financial leaders for measurable performance improvement.

Health IT: The Road So Far

By Kerry Weems

The health IT journey has been long and arduous, but the future can be a superb success-or a spectacular failure.

Improving Margins Through a Patient Access Initiative

By Kent Giles, Janet Harris, Louann Parker

A patient flow initiative improved the University of Mississippi Medical Center's margin by more than $30 million and improved care and service.

Achieving Strategic Cost Advantages by Focusing on Back-Office Efficiency

By Jim McDowell

A recent study shows that investments in back-office automation can reduce costs for hospitals--and improve efficiency. 

Web Extra:Two health systems share how automation has helped their organizations reduce costs and increase efficiency.

Next-Generation Vendor Management: The Experience of Centura Health

By Steve Levin, Tracy B. Berry

Centura Health developed a new approach to managing its relationships with outsource vendors of collections services that improved its net cash collection rate by 20 percent in one year.


 

Focus Areas

Revenue Cycle

'Virtual' Central Business Office: How UMMS Improved Revenue Cycle Performance

By Bill Henciak, Christine Fontaine, Keith Fields, Stacy Parks

At the University of Maryland Medical Center in Baltimore, the development of a virtual central business office improved revenue and patient satisfaction.

Web Extra: View an example of a remittance analysis report provided by UMMS's virtual central business office system.

Accounting

FASB Issues New Accounting Standards for Business Combinations

By Christian Heuer, Mary Ann K. Travers

Finance executives for not-for-profit entities who are planning mergers and acquisitions will need to start using the acquisition method for business combinations, as outlined in Financial Accounting Standards Board (FASB) Statement No. 164, Not-for-Profit Entities: Mergers and Acquisitions.


Columns

From the Chair

Step Up and Make It Happen

By Debora Kuchka-Craig, FHFMA

Incoming chair Debora Kuchka-Craig reflects on the ways healthcare finance professionals are stepping up to meet today's challenges.

From the President

Step Up

By Richard L. Clarke, DHA, FHFMA

Healthcare reform requires that healthcare finance leaders "step up" to be accountable and find common ground among stakeholders.

From the Editor

A Moving Experience

By Robert Fromberg, Editor-In-Chief

Moving HFMA's conference from Nashville to Las Vegas on short notice highlights three lessons for managing change.

Inside IT

HIM Costs Go Up and  Down with EHRs

Strategy Challenge

Can This Large Hospital Find a Partner?

Data Trends

Higher Hospital Margins Distinguished by Higher Patient Satisfaction

Etcetera

Member Spotlight:Nashville Residents Step Up to Meet Challenges of Flood

Executive Interview

Robert Reed on Hospital-Physician Integration

 

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