hfm September 2023

Leadership edition

Cover Story

A crisis of faith? Finance executives question the need for value-based care

Finance executives surveyed for HFMA’s third and final series of ‘Healthcare 2030’ describe an industry still not ready for value and questioning its necessity.

Expert Reviewed

Why it's so essential for hospitals to embrace a value-based payment strategy

Ongoing transformational forces affecting the healthcare industry portend an end of U.S. hospitals’ ability to continue relying on fee-for-service payment to ensure their future survival.

Key questions for providers after more than 2 years of the price transparency rule 

Evidence amassed from over two years of experience with
compliance reinforces why providers need to focus on chargemaster prices and self-pay discount policies.

10 vital responses to healthcare disruption

Traditional providers such as hospitals can take steps to thrive in a rapidly evolving consumer-focused landscape.


Dennis Dahlen: HFMA, it’s time to be biased toward action

HFMA National Chair Dennis Dahlen says it’s time for healthcare finance professionals to act on opportunities for innovation and encourage colleagues to do the same.  

Jill Geisler: The best healthcare finance leaders are also great coaches

HFMA columnist Jill Geisler shares tips and a tool healthcare finance leaders can use to help staff solve their own problems.

David Johnson: Diagnostic determinism — How precision diagnostics will reinvent medicine

HFMA columnist David Johnson points to the promise of precision diagnostics to transform healthcare by enabling healthcare providers to uncover early signs of impending disease.

Voice of Experience: Richard Silveria says healthcare finance is rife with opportunities

For Richard Silveria, 40 years of leadership experience have only reinforced his belief that opportunities to improve final outcomes are always at hand for hospitals and health systems.


Inside HFMA: An HFMA podcast episode wins top overall award, and hfm magazine earns a gold for general excellence 

An episode of HFMA’s “Voices in Healthcare Finance” podcast and hfm magazine were honored June 27 at the SIIA 43rd Annual AM&P Network EXCEL Awards Gala in Washington, D.C.

Inside HFMA: Improved cost effectiveness is a common theme among hfm’s 2022-2023 Best Article Award winners

HFMA recognizes three articles published in hfm as the fiscal year 2022-23 winners of the Helen Yerger/L. Vann Seawell Best Article Award.

Chapter News: 8 Chapters receive 2023 HFMA Success Awards 

HFMA’s 2023 Leadership Training Conference took place April 16-18 in San Antonio. Winners of the 2022-23 Chapter/Region Success Awards were announced. 

People: Heffernan and Stoll honored with 2023 Morgan Awards

James Heffernan and Kenneth Stoll were presented with HFMA’s 2023 Frederick C. Morgan Award for Individual Achievement. 65 HFMA members earn multiple certifications.

News Briefs: Hospitals foresee adverse impacts from the FY24 inpatient payment rule

As published in the September 2023 issue of hfm, this roundup presents the top news stories for healthcare finance professionals.


Waystar: Survey reveals 5 opportunities to tackle denial prevention and management

When it comes to denial management, 31% of healthcare finance professionals say their organizations are most focused on denial prevention — but that’s not where they’re putting the majority of revenue cycle resources, a recent HFMA survey found.

XSOLIS: How leveraging artificial intelligence in utilization management can enhance your revenue cycle

This white paper dives into how AI will help make healthcare sustainable and enable a greater focus on patient care. The goal is to overcome industry challenges and engage in new efforts to reduce healthcare’s administrative costs.

Kaufman Hall: Leverage healthcare price transparency data to promote financial sustainability

As healthcare organizations look for ways to transform revenue cycle management and gain competitive advantage, CFOs need look no further than the hospital price transparency rule and the No Surprises Act.


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