Financial Leadership

hfm Magazine: December 2017

December 1, 2017 3:18 pm

Cover Story

Exploring Health Plan-Provider Partnerships 
The increased burden on provider organizations resulting from value-based payment programs may be alleviated by a strategic data-sharing arrangement with a health plan. 
By Will Stabler

From the President’s Desk

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Expanding on thoughts in his December 2017 column in hfm, HFMA President and CEO Joseph J. Fifer, FHFMA, CPA, presents a holiday challenge to healthcare finance leaders.

HFMA Video Spotlight

Video: How Business Offices Can Transmit Medical Records More Securely      
Lula Jensen, former director of product management for MRO, discusses steps business offices can take to make the transmission of medical records more secure and to lower the risk of a breach.

Early Edition

Costing Practices in Healthcare Organizations: A Look at Adoption of ABC  
Three surveys, conducted over two decades, provide insight into healthcare organizations’ perspectives on activity-based costing (ABC) and larger industry trends regarding adoption of ABC. 
By Raef Lawson, PhD, CFA, CMA, CPA 

Pharmacy Costs: Are You Paying for Value Yet?  
Insurers are setting precedents for value-based payment for medications.   
By Ifrad Islam and Laurence Eng


After a Healthcare Consolidation: A Checklist for Making It Work   
To ensure a healthcare consolidation moves forward effectively after the deal is closed, the parties should employ a detailed checklist of points to address during this stage, including revisiting expectations and creating a road map for change.   
By Keith D. Moore, MCP and Dean C. Coddington

On Point
MACRA’s Quality Payment Program in 2018: What Hospitals Need to Know   
Hospitals are not exempt from the impacts of the Medicare Access and Chip Reauthorization Act (MACRA), and they therefore should understand the provisions of the recently issued final rule on MACRA’s Quality Payment Program.   
By Lia Winfield, PhD


Two Sides to the APM Coin: Why APMs Work for Some and Not For Others 
Integrated delivery systems are at a disadvantage under alternative payment models (APMs), which has hindered the success of these models; redesigning how shared savings are distributed  to address this disadvantage may help promote the success of APMs.
By Luis Rivera, MBA 

Reducing SNF Readmissions Through Hospital-SNF Collaboration 
A hospital and skilled nursing facility (SNF) in Michigan have established an effective and innovative collaboration aimed at reducing avoidable readmissions to the hospital.
By Raymond J. Higbea, PhD, FACHE, Steve Marzolf, and Donald Haney

How to Perform a Pre-Transaction ‘Stress Test’ on a Proposed Healthcare Merger or Partnership
A healthcare organization should not move forward with any proposed merger or partnership without first performing a structured assessment to confirm that the arrangement is viable.
By Stephen Gelineau and Robert Green

Enterprise Risk Management: A Key Success Factor Under Value-Based Care 
To be successful in a value-based payment environment, hospitals and health systems must undertake an integrated approach to managing risk across their enterprises. 
By Mark Troutman

More Than a ZIP Code: Socioeconomic Data for Improving Patient Outcomes  
The shift to value is encouraging healthcare providers to tap into previously underutilized resources to gather useful patient data. 
By Erin Benson

Focus Area

Mergers and Acquisitions
The Independence Question  
As healthcare mergers and acquisitions grow in popularity, smaller hospitals are faced with the question of whether—and how long—to remain independent. 
By Michael N. Abrams, MA and Michael J. Kuchenreuther, PhD


From the Chair
Health Care Needs Innovative Collaboration 
Healthcare finance professionals should be passionate, purposeful, and innovative in collaborating with others to help address the financial hardships patients face from serious illness and the underlying total cost of care.
By Carol A. Friesen, FHFMA, MPH

From the President
Reflections on the True Spirit of the Holidays  
HFMA President and CEO Joe Fifer sets forth three challenges to healthcare leaders who want to ensure that their work makes a difference in people’s lives. 
By Joseph J. Fifer, FHFMA, CPA

Eye on Washington       
A National Conversation About Patient Safety and Medical Errors 
Findings of a survey about the public’s experience and understanding of medical errors suggest a public health approach is needed to address patient safety.
By Tejal K. Gandhi, MD, MPH, CPPS

Healthcare Value       
New Directions in Healthcare Innovation 
James H. Landman reflects on HFMA’s 11th annual Thought Leadership Retreat.
By James H. Landman, JD, PhD

Capital Finance         
Terminating Swap Positions  
Health system financial executives may want to consider whether they would terminate legacy swap positions in a higher rate environment.
By Eric A. Jordahl


Book Rescue

One man helps book owners save books they value highly because of the profound impact the tomes have had on their lives. How many hobbies can help families preserve their legacy?


Business Profile
Grant Thornton: Facilitating EAM 
Bill Slama and Ken Deakyne of Grant Thornton LLP Business Consulting and Technology and Technology Solutions Services discuss the importance of enterprise asset management. 
Executive Roundtable          
Change Healthcare: Healthcare Consumerism and Transparency in the Revenue Cycle
As patients are held financially responsible for larger portions of their healthcare bills, they are seeking greater transparency about care costs, causing healthcare organizations to rethink their revenue cycles—especially regarding pricing and cost estimation. 

Reimagining Physician Preference Items Why Value—Not Cost—Is the Name of the Game 
This article discusses how Premier worked with a large, mid-Atlantic, urban medical center to develop a defined, value-focused, data-driven methodology that optimizes the high-value implant-selection process.


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