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This Aug. 21 webinar explains how consolidation methodology expedites value analysis efforts and improvement management of high-variability items.
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Take control of your hospital’s bad debt with this four-step analysis. Typical high-level bad debt metrics do little to pinpoint specific opportunities for improvement. To develop a sustained and robust understanding of the determinants of bad debt, healthcare providers should drill down further by conducting four additional analyses.
How much? That is the question everyone seems to be asking about charity care. HFMA has just released guidance that will help answer that question.
Does your community benefit program have enough benefit? More important, can you prove that it does?
Providing health care for the uninsured is an ongoing national concern that affects all Americans, but it also is an immediate concern for a hospital's CFO.
Schedule H of the new Form 990 requires detailed reporting of the community benefit hospitals provide, beginning with tax year 2009. Is your organization ready?
12 initiatives that hospitals can consider implementing to help get ready for the new Form 990, including Schedule H.
The final version of the revised form appears to be an improvement over the June 2007 discussion draft, but will nonetheless add to the reporting burdens of hospitals and other healthcare providers.
"I wish Senator Grassley was sitting here with us for that last discussion."
Many tax exempt hospitals could do a better job accounting for the community benefit they deliver, and thereby show that they are truly worthy of tax exemption.
Despite a 28 percent rise in the average cost of uncompensated care over five years, hospitals have thus far been able to maintain their margins.
The importance of a hospital's mission cannot be overstated: Providing safe, high-quality care that benefits the community.
How prepared are you to complete the new Form 990, regarding your organization's charity care and community benefit?
Hospitals should proactively address property tax exemption issues in light of the adjustments to tax exemption requirements in the healthcare reform law and recent legal cases.
Differences in patient mix between not-for-profit and public hospitals
are reflected in charity care and bad debt deductions and expenses.
Not-for-profit and public hospitals follow different accounting standards so their financial characteristics are distinguishable.
View the document
GSHS Value of Tax Exempt Status.pdf
Formulas you can use as a guide to gauge uncompensated care costs within your organization.
Each year, AHA publishes aggregate information on the level of uncompensated care delivered in U.S. hospitals. The data used to generate these numbers come from AHA's Annual Survey of Hospitals. The fact sheet provides the definition of uncompensated care and
Keys to Reporting Uncompensated Care From 1996 to 2006, the amount of national uncompensated care delivered by registered community hospitals went from $18 billion to more than $31 billion per year, according to American
In today's economic climate, meeting the healthcare needs of vulnerable populations through community benefit programs is becoming more important than ever.
Can underpayments and contractual write offs be included when reporting uncompensated care-at least internally, not to the IRS?
Doug Festermaker, managing partner and executive vice president of health care, Warbird Consulting Partners, shares strategies to leverage outsourced CFO expertise to lead special projects or fill interim roles while recruiting is underway.
Lisa Schneider, CFA, managing director, non-profits & healthcare systems at Russell Investments, offers insights on today’s asset management environment and what to look for when working with a solutions provider to optimize a healthcare organization’s portfolio strategy and manage risk.
Todd W. Lillibridge, president and CEO of Lillibridge Healthcare Services Inc., and executive vice president of medical property operations at Ventas, discusses trends in healthcare real estate strategy and key considerations when choosing a partner for managing a healthcare organization's service and capital needs.
Paul Weygandt, MD, JD, vice president of physician services, talks about the importance of integrating clinical documentation improvement with patient care in real time, and how Nuance is turning the EHR into a tool valued by physicians.
Robert Reid, CEO, of Intacct discusses healthcare providers' urgent need to manage growth, and how the right cloud financial management application can make all the difference for their financial leaders.
Chris Armstrong, principal and ICD-10 practice leader for Deloitte Consulting LLP, and Steve Burrill, partner and health care provider advisory practice leader for Deloitte & Touche LLP, offer strategies to consider for determining the best path forward during the delay.
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