Financial Leadership

hfm Magazine: November 2017

November 1, 2017 3:58 pm

Cover Story

Giving a Consumer Focus to Strategic Planning in Health Care 
The growing demands of consumers make it imperative for healthcare organization to focus their strategic planning efforts on meeting consumer needs and expectations. 
By Mark Grube and Paul Crnkovich

From the President’s Desk

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Expanding on thoughts in his November 2017 column in hfm, HFMA President and CEO Joseph J. Fifer, FHFMA, CPA, shares a perspective on finance/clinical collaboration to improve disaster preparedness.

HFMA Video Spotlight

Video: How to Ensure a Clean 340B Audit      
Patt Vilt, vice president of finance for Riverside Medical Center, details steps you can take to ensure a clean 340B audit. 

Early Edition

Looking Beyond Utilization Management: Controlling Inpatient Cost in a Value-Based Environment  
As healthcare costs continue to rise in the United States, physicians have a unique view of how dollars are spent and where the greatest savings opportunities are. 
By Olakunle Olaniyan, MD, FHFMA, MBA, FACP, FACPE

Of Noise and Signal: Why Bundled Payment Keeps Moving Forward  
CMS has not moved decisively in developing bundled-payment, episode-of-care payment models, leaving states and health plans to lead the way with innovative approaches.
By Douglas W. Emery, MS

Healthcare Matters
When Computers Can’t Communicate, Patients Suffer  
During a natural disaster, effective communication between patient and physician supported by access to medical records is critical.
By Clive Fields, MD 


Crafting a Comprehensive MACRA Strategy 
With regulations set forth by the Medicare Access and CHIP Reauthorization Act of 2015 in full swing, physician organizations should prepare for change. 
By Julian Harris, MD, MBA

Improving Medical Group Performance as Markets Transition to Value 
As health systems increasingly employ physicians in preparation for value-based care, it is imperative that they understand what constitutes a high-performing medical group and work with physician leaders to build such groups.  
By William T. Eggbeer, MBA, Craig Ahrens, MHA, MBA, and David Fairchild, MD, MPH

Using Due Diligence to Optimize Post-Transaction Benefits 
When exploring potential mergers or other partnership transactions, healthcare organizations should not underestimate the importance of performing effective due-diligence to gauge whether the transactions can deliver the desired value. 
By Daniel M. Grauman, MBA, CPA/ABV, Danielle Bangs, MHA, CVA, and Sean Looby, MHA

Focus Area

Three Strategies for Aligning With Physicians in a Value-Based World   
As health care moves toward value-based payment, health systems should consider their value strategies and identify ways in which agreements with physicians can contribute to those strategies. 
By Jen Johnson, CFA and Alexandra Higgins


From the Chair
Strategize. Execute. Succeed. Lessons for Healthcare Leaders 
Healthcare leaders and create and execute effective futures for their organizations by applying three lessons. 
By Carol A. Friesen, FHFMA, MPH

From the President
Prepare for the Worst, Hope for the Best   
Now is a good time to rethink your approach to disaster preparedness. 
By Joseph J. Fifer, FHFMA, CPA

Eye on Washington       
Calling Into Question the Nation’s Commitment to Value-Based Health Care 
There is widespread agreement that the goal of transitioning the nation’s healthcare system to value-based payment is important, but there remain many impediments to accomplishing such a transition. 
By Gail R. Wilensky, PhD

Health Care on Point       
In the Wake of Hurricanes, Hospitals Should Revisit Their Emergency Preparedness Plans 
Every disaster—be it a hurricane, pandemic, earthquake, or other event—provides a lesson for hospitals in disaster preparedness that should be reflected in their emergency management plans. 
By Lia Winfield, PhD

Business Intelligence        
Creating a Better Healthcare Analysis Paradigm 
Hospitals and health systems should look beyond dashboards to gather they data they need to make strategic decisions. 
By Rose M. Rohloff 

Healthcare Reform         
The Fiscal Realities of a Single Payer Healthcare System  
More Americans are in favor of a single-payer approach to health care, but the financial ramifications should be fully explored. 
By Ken Perez 


Windy Runner: How the midlife start of a hobby became a lifelong passion  
Linda Klute started running at an HFMA event and realized it provided lifelong stress relief and comradery.   


Executive Roundtable         
Navigant: Optimizing the Revenue Cycle IT Investment 
Many providers struggle to fully realize the benefits of revenue cycle technology. In this roundtable, several healthcare leaders discuss how they are working to get the most from their automated solutions, particularly with regard to revenue integrity and preparing for value-based payment models.
Executive Roundtable          
Cerner: The Changing Role of Revenue Cycle Outsourcing 
There has long been a debate about whether it is wise to outsource some or all of revenue cycle operations to third-party experts who specialize in optimizing financial performance. In the following roundtable, several revenue cycle leaders discuss the role of outsourcing in their own organizations and how they envision it changing as the industry evolves.


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