hfm June-July 2024

Payment edition

Cover Story

Incoming HFMA Chair Marc Scher encourages healthcare finance professionals to be more innovative and strategic

HFMA’s 2024-25 Chair says he believes healthcare finance professionals can effectively tackle today’s huge industry challenges by embracing the motto of the U.S. Army’s 10th Mountain Division: Sempre Avanti, or “Always Forward.” 

Expert Reviewed

How one health system focused on revenue cycle staff education to improve its denial rate

Revenue cycle leaders at Wooster Community Hospital in Ohio implemented a four-step initiative that reduced registration denials by 50% within the first year.

What health systems need to know about partnering to develop an ASC strategy

Health systems seeking to broaden their continuum of care as part of a value-based care strategy can benefit from partnering with third party ambulatory surgery center (ASC) operators.


Closures of Walmart’s health centers reflect the widespread financial constraints in U.S. healthcare

The shutdown is the latest sign that the payment model for primary care lacks sustainability, according to industry experts.

Engaging in operating rule development and adoption amidst the era of healthcare automation

HFMA encourages its members to partner with the Committee on Operating Rules for Information Exchange (CORE), designated by HHS as the national operating rule authoring entity under HIPAA.


The key role of downside risk in the success of value-based care

A recent survey examined obstacles to value-based care and found widespread reluctance among healthcare providers to assume downside risk.

Maryland’s example is no solution to healthcare’s true crises

Maryland’s healthcare system has been held up as a model for reining in healthcare costs. But does the model really work?


Marc Scher: Decisive action is key to an ‘always forward’ mindset

HFMA’s 2024-25 National Chair Marc Scher shares why he believes it’s crucial for healthcare finance professionals to keep looking forward to address today’s industry challenges.

Jill Geisler: How to give feedback to your boss

HFMA contributor and leadership expert Jill Geisler says workers should provide bosses with both positive and negative feedback and shares how to do it.

Gail Wilensky: Lessons learned from the Change experience

Being prepared for the possibility that cyberattacks will continue to occur remains an important part of any healthcare organization’s business strategy.

David Johnson: Site-neutral payment and the battle for healthcare’s soul

It would be very much in the interest of all healthcare industry stakeholders to support the policy of site-neutral Medicare payment.

Ken Perez: How 3 presidential candidates are defining their prescription drug pricing policies

Given the public’s concerns about inflation, all three leading presidential candidates have prioritized reducing prescription drug prices.

Voice of Experience: Change is inevitable — What are you doing about it?

Changing industry circumstances can influence healthcare leaders’ perceptions of which leadership principles are most important to cultivate.


Inside HFMA: HFMA’s editorial team earns 19 awards for excellence

HFMA has been honored with national and regional awards of excellence for various editorial pieces published in 2023.

Chapter News: 2024 Success Awards recognize outstanding HFMA chapter achievements

A highlight of HFMA’s 2024 Leadership Training Conference, which took place April 21-23 in Orlando, Fla., was the presentation of Success Awards to 10 chapters and regions.

News Briefs: A second appeals court rules against providers in the 340B contract-pharmacy dispute

As published in the June-July 2024 issue of hfm, this news roundup presents the top stories for healthcare finance professionals.

People: Ascension selects Saurabh Tripathi as new CFO

Ascension selects Saurabh Tripathi to succeed retiring CFO Liz Foshage. Shelly Soileau, Stephen “Jan” Grigsby, Jr., Anthony Saul and Stephanie Schnittger also have new CFO roles.


State Collections: Personalized communication helps State provide the highest possible recovery and patient-satisfaction rates for clients

Learn about a company that combines advanced technology with human interaction to increase recoveries and patient satisfaction.


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