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COVID-19

HFMA news coverage of the new coronavirus and its effects on healthcare finance.

Digital Annual Conference

Your guide to leading through COVID-19 financial challenges and leveraging positive outcomes. Free for members.

News
News | Coronavirus

Consumers expect expanded telehealth to remain post-COVID-19, survey finds
Consumers support the expansion of telehealth that has taken place during the COVID-19 pandemic and want to continue to use such platforms when the pandemic ends, according to a new survey.
By Rich Daly, HFMA senior writer and editor
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News | Telemedicine

Implement these 6 safeguards against fraud accusations in telehealth
Healthcare providers should take care to comply with payer policies around telehealth.
By Lisa A. Eramo
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News | Healthcare Reform

Biden-Sanders panel pushes public option, targets hospital M&A
A compromise healthcare plan between presumptive Democratic presidential nominee Joe Biden and the party’s progressive wing would create a public option and promote other major changes.
By Rich Daly, HFMA senior writer and editor
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News | Coronavirus

Fitch issues warning about looming start of hospital repayments to Medicare
Hospitals could struggle to repay Medicare loans, which will come due soon, amid re-impositions of elective surgery bans.
By Rich Daly, HFMA senior writer and editor
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News | Strategic Partnerships, Mergers, and Acquisitions

Hospital M&A hardly has been affected by the COVID-19 pandemic
The number of hospital M&A deals in the spring of 2020 was little affected by the COVID-19 pandemic and its severe financial effects.
By Rich Daly, HFMA senior writer and editor
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Topics
Blog | Transparency

Possible compromise in hospital price disclosure fight

While the Trump administration prevailed in the first round of the lawsuit challenging its price transparency policy, the American Hospital Association has indicated it will appeal the ruling.
By Chad Mulvany, FHFMA
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How To | FASB and GASB Rules and Guidelines

Asset impairment issues for hospitals to consider in the wake of COVID-19
For health systems, the decline in financial performance due to COVID-19 creates a triggering event for interim or annual impairment testing of certain assets on the balance sheet.
By Tejash Lodhavia, ASA, CVA
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Q&A | Strategic Planning

Navigating through a pandemic: Digital Annual Conference session to explore how health systems are responding to COVID-19 now and over the long term
A featured session at HFMA’s Digital Annual Conference on July 15 will examine how three health systems are responding to the COVID-19 pandemic.
By Nick Hut
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Podcast | Treasury and Cash Management

The coronavirus pandemic: A time when cash becomes priceless
Venson Wallin and Richard Walker of BDO Consulting discuss cash: how to get it, how to keep it, and how to use it wisely.
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Fact Sheet | Compliance

OIG Civil Money Penalty Amendment Proposed Rule Summary
HFMA summarized in detail the OIG's proposed rule amending its civil money penalty regulations.
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Blog | Compliance

And the small print taketh away: Providers need to stay updated on HHS changes to the CARES Act Provider Relief Fund terms and conditions
HFMA's Chad Mulvany reviews some of the U.S. Department of Health & Human Service's changes to the terms and conditions related to the CARES Act Provider Relief Fund.
By Chad Mulvany, FHFMA
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Article | Cost Reduction

Virginia Mason Institute transformation expert says healthcare systems can reduce waste and improve their margins

Virginia Mason Institute’s Rhonda Stewart shares how healthcare systems can reduce costs and improve patient and worker metrics by eliminating waste.
By Deborah Filipek, HFMA Senior Editor
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Case Study | Productivity and Process Improvement

Texas Oncology streamlines operations to achieve success in Medicare value-based payment model
The experience of Texas Oncology in CMS’s Oncology Care Model shows how provider organizations can use change management processes to lay the foundation for success in new care delivery models.
By Elizabeth Barker
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News | Healthcare Reform

Biden-Sanders panel pushes public option, targets hospital M&A
A compromise healthcare plan between presumptive Democratic presidential nominee Joe Biden and the party’s progressive wing would create a public option and promote other major changes.
By Rich Daly, HFMA senior writer and editor
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Blog | Medicare Payment and Reimbursement

Long-term fiscal impact of the of COVID-19 pandemic on the overall federal debt and Medicare Part A Trust Fund shortfall cannot be overlooked
Recommendations from healthcare economists for savings to preserve Part A Trust Fund focus more on taxes and less on providers.
By Chad Mulvany, FHFMA
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Article | Revenue Cycle

HFMA’s Digital Annual Conference continues July 15 and July 17 with more virtual education for healthcare finance professionals

HFMA's Digital Annual Conference continues July 15 and July 17 with sessions to help healthcare finance professionals handle revenue cycle and clinical care challenges amid the pandemic.
By Deborah Filipek, HFMA Senior Editor
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How To | Coding

Key considerations for revenue cycle teams to optimize coding and maximize revenue during COVID-19
Providers should make sure they fully understand various COVID-19 codes that can enhance payment from CMS and serve as important claims data.
By Emmel Golden, MD, FCCP, CCDS, and Brandy Kline, RHIA, CCS, CDIP
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How To | Telemedicine

How to plan for and profitably operate telehealth services
The COVID-19 pandemic has opened new opportunities for health systems to expand their use of telehealth services. Implemented properly with careful planning, telehealth can be a strong revenue source going forward.
By Lucy Zielinski
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Podcast | Telemedicine

Telehealth Q&A with Lumina Health’s Lucy Zielinski and Dan Marino
Lucy Zielinski and Dan Marino follow up on Zielinski's successful Virtual Conference presentation by tackling some of the most challenging aspects of telehealth during the COVID-19 pandemic. Also in this episode, Christopher Dunkerly of spo...
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Blog | Leadership

Message to the HFMA Community
HFMA President and CEO Joe Fifer urges healthcare finance professionals to rethink their efforts around diversity and inclusion within their own organizations.
By Joseph J. Fifer, FHFMA, CPA
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Blog | Staff Development

Balancing margin and mission in the business of healthcare requires collaboration between clinical and finance colleagues
HFMA's Todd Nelson says the pandemic, like few other healthcare crises before, has placed the need for communication, coordination and collaboration with our clinical colleagues, especially in the nursing areas, squarely front and center.
By Todd Nelson, FHFMA
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Case Study | Financial Sustainability

Optimal use of APPs can enhance a health system’s post-COVID-19 financial recovery
A strategy by Excela Health in Pennsylvania focused on integrating and optimizing its the advanced practice provider workforce can serve as a road map for how best to pursue such an undertaking.
By Zachary Hartsell, DHA, PA-C, Dane Ficco, and Laurie English
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Column | Financial Sustainability

Hospitals require a 3-pronged response to potential covenant violations

Reworking cost structure and enhancing revenue performance are foundational parts of a holistic solution for most healthcare organizations facing balance sheet challenges and covenant violations as a result of the COVID-19 crisis.
By Ryan Freel, Kate Guelich, and Mark Grube
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From the Chair: A special message for HFMA members

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How To | Capital Finance

8 hallmarks of a successful healthcare venture capital program
Health systems that are developing venture capital projects should apply eight core principles that reflect best practices of organizations that had a strong track record of success in managing their venture capital programs.
By Steve Weylandt, MHA, Dudley E. Morris, and Alan Trimakas, MBA
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Column | Staff Development

HFMA Chapter members share promotions and new job roles
HFMA Chapter members announce career updates from new jobs to promotions. Plus, one member shares her recent accomplishment with a master’s in legal studies.
By Jennifer Novoseletsky
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Column | Consumerism

Patient financial responsibility for COVID-19 treatment: let's get it right
HFMA President and CEO Joe Fifer addresses issues related to the patient financial experience — and journalists who are covering it —during the COVID-19 pandemic.
By Joseph J. Fifer, FHFMA, CPA
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