Using analytics effectively to drive margin improvement
Participants of an HFMA Executive Roundtable held June 27 discuss how healthcare providers are taking steps to encourage data sharing among units and create a single source of truth for operational and patient data.
Understanding the true cost to collect requires focusing on high-level KPIs
Revenue cycle management leaders from around the country share their perspectives on defining and maintaining a high-performance revenue cycle and the challenges they face in working to enhance revenue cycle management.
News Briefs: Medicare’s hospital outpatient payment rate for 2024 improves marginally from the proposed rule
The final rule setting Medicare’s 2024 payment rates and policies for hospital outpatient services and ambulatory surgical centers (ASCs) contained little to make hospitals optimistic about the government portion of their payer mix. Base payments for items and services furnished in hospital outpatient settings and ASCs will increase by 3.1% after factoring in the usual…
As healthcare defragments, payers grow stronger
Two professional memories from the past two decades come to mind as I look to the horizon and try to see where this industry is headed, as all healthcare investors must do. The first memory is of the constant refrain I heard from healthcare executives in Nashville, Tennessee, as I was learning the ropes of…
Jill Geisler: Tips on how to be an accessible, approachable leader
Ask people about the leaders they most admire, and they’re likely to describe someone who’s not only smart and strategic, but also approachable and accessible. Those respected leaders make that aura of warmth and welcome look easy, but we know the real story. It’s hard work. And it isn’t getting easier. Tackling business, technology, regulatory…
Deploying EPM in the cloud: 6 steps that drive value
Cloud-based enterprise performance management (EPM) offers tremendous potential for health systems, but the ability to drive value depends on a thoughtful approach that puts as little pressure as possible on existing resources, both technological and human.
Kaleida Health taps Matthew Drake and Hugh Chisholm for new roles
Two HFMA fellows have been appointed to new leadership positions at Kaleida Health, the largest healthcare provider in Western New York. Matthew Drake, FHFMA, MBA, is the health system’s new executive vice president of strategy and partnerships. Drake, a member of HFMA’s Rochester Regional Chapter, previously was Kaleida’s executive vice president and CFO. Prior to…
Dennis Dahlen: It’s time to look at what’s working — and what isn’t — in reducing care costs
There’s a surprising phenomenon taking place in Medicare spending — and it points to the need to look deeper when it comes to healthcare cost containment. For years, Medicare was viewed as the nation’s “budget buster,” with spending spiraling so quickly that some budget experts predicted no amount of tax money could sustain it. And…
AI-powered coding automation: The state of the art and future direction
This roundtable discussion conducted at HFMA’s 2023 Annual Conference in Nashville, Tennessee sought to understand both the opportunities and challenges that AI-powered coding automation poses for healthcare organizations.
Puerto Rico Chapter signs collaborative agreement
HFMA’s Puerto Rico Chapter recently joined forces with Puerto Rico’s College of Health Services Administrators to address challenges and opportunities in the field of health services administration. The relationship was made official when the two groups signed a collaborative agreement on Sept. 15 during the Chapter’s Annual Healthcare Update in Isla Verde, Puerto Rico. The…