HFM Magazine: May 2020

Online community value is apparent amid the COVID-19 outbreak

There has been a surge of activity in HFMA's Community groups since the onset of the COVID-19 pandemic, as HFMA members seek to share insights with their peers to help them respond to the crisis.

Melanie Binder April 29, 2020

Why a more modern cost accounting approach in healthcare is needed post-COVID-19

A recent survey by HFMA and Strata Decision Technology found that, although 85% of health systems and 57% of hospitals and medical centers havecost accounting systems, most are not fully adept in using cost data to reduce total cost of care.

Jeni Williams April 29, 2020

HFMA Chapter members share promotions and new job roles

HFMA Chapter members announce career updates from new jobs to promotions. Plus, one member shares her recent accomplishment with a master’s in legal studies.

HFMA April 29, 2020

Don’t skip the patient conversation when payer coverage for coronavirus is unclear

Whether holding charges or billing, healthcare organizations should be communicating with patients about their financial responsibility.

Erika Grotto April 28, 2020

CRCR certifications surge with Enterprise Membership

Change Health has encourage staff on its provider account management team to obtain HFMA's CRCR certification, with the result that the number of staff members who have achieved the certification has skyrocketed.

Eric C. Reese, PhD April 27, 2020

Will the CARES Act actually reduce hospital financial stresses?

The COVID-19 crisis raises important questions for the U.S., including how it should prepare for the inevitable occurence of other potential serious pandemics in the future.

Gail R Wilensky, PhD April 27, 2020

The end of the beginning: Outgoing HFMA Chair looks ahead

Healthcare finance leaders should not view the COVID-19 crisis as an ending to what has gone before. Instead, they should see what's happening today as a time for renewal and regeneration.

Michael M. Allen, FHFMA, CPA April 27, 2020

COVID-19 is the deflection point for new health system flexibility

Integrated health systems will require flexibility as they begin a process of adjusting to the new healthcare environment that follows the COVID-19 crisis.

Keith D. Moore, MCP April 27, 2020

8 hallmarks of a successful healthcare venture capital program

Health systems that are developing venture capital projects should apply eight core principles that reflect best practices of organizations that had a strong track record of success in managing their venture capital programs.

Steve Weylandt, MHA April 27, 2020

5 steps for developing a strong investor relations strategy

Healthcare organizations should adhere to best practices in investor relations by pursuing a strategy that builds and maintains trust through routine, clear communication of key organizational objectives, priorities, strategic initiatives and strengths.

William B. Hanlon April 27, 2020
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