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CFOs Speak: What They Want From Their Revenue Cycle Leaders

Recently, the HFMA CFO Forum issued a short poll to CFOs about what they expect from their revenue cycle leaders. Take a look at the results.

Patient Access and Flow Initiatives: A Case Study in Margin Improvement and Capacity Enhancement

Recently, The University of Mississippi Medical Center (UMMC)—a 722 bed healthcare system located in Jackson, Mississippi–began an initiative, as part of a larger margin improvement program, to enhance the patient care process by focusing on patient access and flow throughout the organization.

The Dynamic State of Physician-Hospital Alignment: Using Collaboration and Strategy to Drive Success

This slide show from Amy MacNulty, Noblis Center for Health Innovation, and Joel Reich, MD, Eastern Connecticut Health Network identifies proven working strategies for physician collaboration that yield productive results.

 

Calculating the Financial Impact of Reducing LOS

A significant issue that healthcare financial managers face is how to reduce the length of stay (LOS) for hospital services without sacrificing the quality of care. This analysis, including Medicare reimbursement, outlines ways to examine each service line for efficiency.

Philanthropy: Will it Save Your Operating Budget?

Philanthropy has always been a strategy for nonprofit community hospitals to address their capital needs. But in today’s economic climate, many finance executives are finding ways to make fund-raising more integral to their financial planning efforts. They realize that having an operating budget funded in part by philanthropy can help strengthen their financial resolve.

Taking the Lead: When Tough Financial Times Demand Action and Accountability

In an environment in which hospitals are struggling with dipping volumes, more uninsured patients, investment volatility, and decreased revenue, health systems are turning to their CFOs for guidance and leadership.

Benchmarking: How to Start Simply and Build on Your Success

Hospitals today are tracking more data than ever before. For finance leaders, the challenge is deciding how to prioritize what gets tracked. In other words, what are the key performance indicators for the organization?

How CFOs Can Help Champion Clinical Documentation

Hospitals have entered an age when quality measures and pay-for-performance initiatives rely upon codified data. Incomplete documentation can skew the data, which affects its quality ratings. In other words, getting the data right can make—or break—a hospital’s reputation with patients, physicians, and third-party payers..

Going Green: When Economics, Efficiency, and the Environment Combine

"Going green" is probably not a top priority, but there are real savings to be made in the area of IT. Learn some methods to turn your IT department green and positively affect your bottom line at the same time.

Using Forecasts to Further Your Strategies

The art of financial forecasting is key to running a hospital system. Find out how to best formulate and use forecasts.

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