Browse by Topic
More than 40,000 members value HFMA's thought leadership and practical strategies. HFMA is where you need to be.
Get acquainted with the
healthcare finance industry's leading professional association. Find out why our
members rely on HFMA as their go-to source for insight and
Members have many
options for helping them advance their careers. Conferences, seminars,
eLearning, certification, and more -- our education and events will keep you
Connect the dots on today's big issues, explore collaborations, get career-boosting tips, and network with colleagues nationwide at the leading finance conference. Save $100 off the full conference rate when you register by May 8.
Real-time presentations with nationally recognized experts, networking opportunities, and industry solutions—no travel required!
Learn about timely healthcare finance topics and earn CPEs. Most live webinars are free for HFMA members and $99 for non-members. View the latest schedule.
If you're a subscriber to any of our three newsletters, you have access to online education. Learn more or subscribe.
Get the perspectives of leading healthcare finance professionals on today's hottest issues.
Information about leading vendors helps your buying decisions.
Forum members can network during live webinars or access a library of past webinars on topics such as bundled payment, charity care, and ICD-10.
An ever-expanding collection of spreadsheets, policies, job
descriptions, checklists, and more that you can adopt and adapt.
Forum members can submit vexing questions to a panel of experts
using our Ask the Expert service.
Your source for employment solutions.
Find new employment opportunities or
reach out to qualified candidates.
Distinguish yourself as a
leader among your peers and advance your career by earning certification in our
healthcare finance programs.
Get an objective third-party evaluation of products and services used in the healthcare finance workplace.
MAP App is a web-based application that helps organizations improve revenue cycle performance based on industry-standard metrics called MAP Keys.
Find suppliers and products in this comprehensive vendor directory for healthcare finance professionals.
Guidance for understanding and communicating about the price of health care.
Transformation toward value-based healthcare is reshaping the delivery of care, patient expectations, and payment structures.
Improve your revenue cycle performance through standard metrics, peer comparison, and successful practices.
Most revenue cycle management initiatives are designed to provide steady-yet-significant improvements that bolster an organization’s bottom line. Yet all those gains can be wiped out with one data breach and its related costs.
If you visit HHS’s so-called “Wall of Shame,” you’ll find the names of many well-known healthcare organizations. The common denominator: Most of them never bothered to conduct a rigorous HIPAA security risk analysis – and they got burned.
Healthcare data breaches seldom make the national news, like the one that occurred recently at Target. But they carry some serious costs that can run into the millions when you add up forensics/notification costs, legal/regulatory penalties, class-action lawsuits, and lost business due to reputational damage. And it’s important to note that regulatory fines are on the rise. A single HIPAA violation involving willful neglect used to carry a maximum fine of $25,000. Now, for each violation, it’s a whopping $1.5 million. Any single data breach usually involves several specific HIPAA violations.
Many healthcare organizations approach the problem with misguided technological zeal. They think that Russian hackers pose the biggest threat, yet only 8 percent of the data breaches listed on the HHS Wall of Shame are due to hacking. Theft or loss of everyday items like a laptop computer account for nearly two-thirds of the data breaches.
Your friends, not your enemies, are more likely to be involved in inadvertent data breaches. HIPAA’s expanded privacy, security, and data breach notification rules now apply to a healthcare organization’s business associates—all of the vendors and service providers that could potentially compromise patient data. Last year, business associates were responsible for disclosing nearly 13 million patient records. So here’s the main take-away: All of your annual revenue cycle savings can easily go down the drain with just a single data breach. Let’s do the math:
Before you panic, there’s an unbiased way to determine your organization’s risk exposure. The American National Standards Institute (ANSI) offers a free publication online called The Financial Impact of Breached Protected Health Information. This paper provides an excellent overview of data breach issues and includes tools for calculating the cost of a breach in your organization.
No healthcare organization wants to see its revenue cycle improvements disappear due to a preventable data breach. There are many practical steps you can take to avoid that outcome, including completing the rigorous risk analysis that’s now required by the HIPAA Security Rule. Don’t add your name to the Wall of Shame.
Bob Chaput, CISSP, HCISPP, CIPP/US, is CEO of Clearwater Compliance, Brentwood, Tenn.
Publication Date: Friday, April 18, 2014
Tom Myers, chief strategy officer, The SSI Group, discusses the shifting payment environment and how it affects providers' patient access and claims management processes.
Jeff Chester, senior vice president and chief revenue officer at Availity, shares his thoughts on "Revenue Cycle 2.0" and how to best meet its challenges.
Mitch Morris, vice chair and global leader, healthcare, Deloitte, and Michael O'Rourke, senior vice president and chief information officer, Catholic Health Initiatives (CHI), share perspectives on the need for transformational IT in health care today.
Brian Kueppers, founder and CEO, Apex, discusses the importance of a robust patient payment strategy in boosting organization revenue and enhancing patient satisfaction.
Brian Grazzini, CFO, HealthPort, describes the importance of efficient and compliant information exchange and audit management in helping HIM staff spend less time on paperwork and more on mission-critical projects.
Cindy Matthews, executive vice president, Community Hospital Corporation, discusses how rural and community hospitals can use collaborative partnering to position for success through tough market conditions.
Rick Heise, senior vice president, revenue cycle, at Cerner Corporation, discusses the importance of integrating clinical and financial data to excel in health care’s changing payment environment.
Russ Graney, founder and CEO for Aidin, and John Laursen, head of business development for Aidin, share insights on how to improve care transitions between acute and post-acute care settings and incentivize high-quality patient outcomes.
Scott Elston, strategic accounts manager, GE Healthcare Services, describes how substantial cost reduction in health care requires rethinking business strategy and asset use.
Robert Williams, MD, director, Deloitte Consulting LLP, and Arielle Freiberger, product strategist, ConvergeHEALTH by Deloitte, explain how sophisticated retrospective, real-time, and predictive data analytics can inform decision making to reduce costs and improve care.
Stuart Hanson, director of business development (healthcare solutions) at Citi Retail Services, discusses how improving the payment experience can benefit consumers and healthcare providers.
©2015 Copyright Healthcare Financial Management Association
HFMA.org is best viewed using IE9 or the latest versions of Chrome, Firefox, and Safari.
Join HFMA today and enjoy: