HFM Magazine: May 2024

Demonstrating revenue cycle excellence just got easier with the newest HFMA certification

The Executive of Healthcare Revenue Cycle (EHRC) certification, HFMA’s newest member recognition, has been quite popular with members since it was announced in mid-February. As of March 31, 22 HFMA members had applied for the EHRC certification and 18 members earned it, demonstrating excellence in revenue cycle, said Shirley Heavlin, certification operations manager for HFMA.…

Deborah Filipek May 2, 2024

Navigating toward successful contract negotiations with health plans

A group of healthcare leaders discuss various tactics they are using to negotiate better rates with payers and ensure payers’ commitment to accurate, timely payment.

HFMA May 1, 2024

People: Atlantic General and BSMH announce CFO transitions

Atlantic General Hospital and Health System in Berlin, Md., has hired James Kanuch, CHFP, MBA, as vice president of finance and CFO. Kanuch, a member of HFMA’s Maryland Chapter, brings 30 years of financial and operational experience to the new role. Most recently, he served as senior vice president of finance at Allegheny Health Network…

Crystal Milazzo April 30, 2024

FTC challenge adds to the strain on the hospital-based anesthesiology workforce

A Federal Trade Commission (FTC) challenge to the purchase of a major anesthesia provider, after a rocky couple of years for anesthesia providers, has created an even murkier outlook for hospital-based anesthesia services. The FTC’s suit, filed in September against U.S. Anesthesia Partners, Inc. (USAP) and the private equity firm Welsh, Carson, Anderson & Stowe,…

Jennifer Lubell April 30, 2024

Reimagining charity care: How Monument Health puts patients first with an innovative financial assistance program

Deepak Manmohan Goyal, MD, MBBS, MBA, executive director for revenue cycle and supply chain at Monument Health, remembers the case of a 40-year-old patient with late-stage cancer who sought care at the Rapid City, S.D., health system a few years ago before succumbing to her disease. An earlier and unrelated care episode ideally would have…

Nick Hut April 29, 2024

Robert Rebitzer: How to overcome the disruptive forces that can impede high-value innovation

In the 1980s, two valuable innovations, laparoscopic gallbladder surgery and electronic health records (EHRs), came to market. The former became widely adopted in about three years. The latter took three decades and billions of dollars in federal subsidies. The reasons behind the differing uptakes of health innovation are among the topics in the book Why…

Liz DeForest April 28, 2024

Andrew Donahue: An open letter to Congress on nonprofit hospital finances

There’s a lot of bad information out there on nonprofit hospital finances. Part of the problem is run-of-the-mill scapegoating — stakeholders with an agenda using our business complexity to muddy the water. Part of the problem is classic misuse of information — good people with good intentions making the wrong assumptions. And part of the…

Andrew Donahue, FHFMA, CPA April 26, 2024
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