Healthcare 2030: Leveraging good leadership to work toward financial sustainability
HFMA Senior Editor Paul Barr discusses Volume 2 of the Healthcare 2030 series. Katie Sklarsky from Chartis talks about financial sustainability, and Danielle Solomon from FORVIS talks about the importance of good leadership in times of change.
Financial and operational pressures continue for hospitals amid some positive signs
New financial data for the hospital industry illustrate continuing challenges even as some trends improve. Fitch Ratings released an analysis in early March that offers scant reason for optimism. Titled “Early NFP Hospital Medians Show Expected Deterioration; Will Worsen,” it draws on data from hospitals with earlier 2022 financial year-ends. Those numbers show “materially weaker…
Various data highlight the ongoing labor challenges facing hospitals and other healthcare providers
The healthcare labor picture may be stabilizing in some respects, but hospitals and other providers continue to feel the squeeze. The industry added 58,200 jobs in January, including 10,900 at hospitals and health systems, according to preliminary seasonally adjusted data from the U.S. Bureau of Labor Statistics. That jump follows an average monthly increase of…
Clinical audits and denials impact 3% or more of NPR being held in reserve
This pulse survey shows how healthcare organizations are currently tracking health system’s audits and denials from government and commercial payers.
Clinical Audits and Denials Research Report
HFMA, with sponsorship by MRO, surveyed 317 healthcare revenue cycle, finance and accounting executives to understand how organizations are handling claim audits, risk exposure, claim tracking, and reserves.
Healthcare organizations need a better way to measure ROI of health equity investments
Healthcare organizations’ investments in health equity can deliver a meaningful ROI, but identifying the financial benefits of such investments requires an expanded framework for analysis beyond criteria used in a standard ROI analysis.
How healthcare organizations can take the lead in the nation’s quest to improve health equity
Improving health equity in the United States is a challenge that is beyond the ability of the healthcare to meet on its own. But many of the ways our healthcare system currently operates exacerbate health inequity — and that is a problem we can cure.
Physicians and finance: Managing the differences is critical to building clinical value
To work together effectively, finance and clinical leaders must not only understand but also value and acknowledge the benefits to be gained from their different perspectives on what constitutes success.
Road to value begins with addressing social determinants of health
Lance Robertson, a former HHS leader, is encouraged by the federal response to the nation’s need to address problems such as health inequity, increased health risk and avoidable high costs for populations that are adversely affected by social determinants of health (SDoH). He sees addressing SDoH as a necessary preliminary step on the nation’s journey to achieving value in healthcare.
Why health systems may find an acute care at home strategy attractive
The potential for improved outcomes is just one important reason to consider pursuing an acute care at home strategy. Even in the absence of payment, health systems may ultimately find pursuit of such a strategy beneficial.