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HFMA

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Kenneth Stoll Receives HFMA Individual Achievement Award

Nashville, Tenn.  (June 27, 2023) – The Healthcare Financial Management Association (HFMA) today presented Kenneth Stoll with the 2023 Frederick C. Morgan Individual Achievement Award, honoring career-long contributions to HFMA and to the healthcare finance profession. Stoll has been vice president of strategic accounts at RevSpring, based in Nashville, since January 2020. He previously held…

HFMA June 27, 2023

James Heffernan Receives HFMA Individual Achievement Award

Nashville, Tenn. (June 27, 2023) – The Healthcare Financial Management Association (HFMA) today presented James L. Heffernan, FHFMA, MBA, with the 2023 Frederick C. Morgan Individual Achievement Award, honoring career-long contributions to HFMA and to the healthcare finance profession. Heffernan was the senior vice president of finance and treasurer of the Massachusetts General Physicians Organization…

HFMA June 27, 2023

New HFMA Chair Dennis Dahlen and other directors take office

Nashville, Tenn. (June 27, 2023) – The Healthcare Financial Management Association (HFMA) today inducted Mayo Clinic Chief Financial Officer Dennis E. Dahlen, FHFMA, MBA, CPA, into office as Chair of its Board of Directors for the 2023-24 term, which began on June 1, 2023. In his role as the chief elected officer of HFMA, Dahlen…

HFMA June 27, 2023

15 winners receive the 2023 MAP Award for high performance in revenue cycle

Chicago, June 25, 2023 – The Healthcare Financial Management Association (HFMA) announced the 2023 winners of the MAP Award for High Performance in Revenue Cycle, including an integrated delivery system, four hospital systems, three individual hospitals, two critical access hospitals and five physician practices. HFMA’s MAP Award for High Performance in Revenue Cycle recognizes providers that have excelled in…

HFMA June 25, 2023

Denials Management Research Report

HFMA, with sponsorship from Waystar, surveyed 415 healthcare finance and revenue cycle executives to understand how denials are affecting their revenue cycle operations.

HFMA June 22, 2023

Survey reveals 5 opportunities to tackle denial prevention and management

In this survey, responses found when organizations devote greater resources to denial management than to denial prevention, their rate of first-pass denials is higher: 13.6% versus 10.9%.

HFMA June 22, 2023

Medicaid Drug Misclassification Proposed Rule Summary

The rule proposes to implement policies in the Medicaid Drug Rebate Program (MDRP) related to legislative requirements addressing drug misclassification, as well as drug pricing and product data misreporting by manufacturers.

HFMA June 20, 2023

How Augusta University Medical Center Transformed Patient Access, Improved Patient Experience and Increased Cash Collections to $9M

Augusta University Medical Center (AUMC) was leaving millions on the table and writing off bad debt by not prioritizing pre-service and point-of-service payment discussions. Download the case study to learn how adopting technology to produce accurate cost estimates, and establishing new trainings, protocols and accountability measures around payment collections, helped AUMC transform patient access, enhance…

HFMA June 9, 2023

Out of the back office, into the spotlight: 5 skills revenue cycle leaders need

Healthcare has changed tremendously over the past decade. From increasingly complex payer requirements to growing federal and state regulations to a substantial change in the payer mix (patients are now the second largest payer (27%) behind the federal government (34%), which is mostly Medicare and Medicaid). Today’s revenue cycle is an entirely new animal. What…

HFMA June 9, 2023

Artificial Intelligence for RCM: Separating Hype from Reality

A growing volume of tagged data is exacerbating an already complex healthcare revenue cycle management (RCM) process that is largely transactional in nature, thus making RCM an area that is prime for automation and the application of artificial intelligence (AI). From automating manual and redundant tasks within patient access, coding, billing, and collections to applying…

HFMA June 7, 2023