HFMA is pleased to recognize three articles as winners of the Helen Yerger/L. Vann Seawell Best Article Award for outstanding editorial achievement in hfm magazine in fiscal year 2018-2019. The award-winning articles were selected by a panel of five leaders in the healthcare industry who review each expert-reviewed article published in hfm. Articles are judged on the writers’ demonstration of technical quality and writing skills and contributions to the literature of healthcare finance professionals.
The following three articles are the F19 recipients of HFMA’s Best Article Award.
“The shift to outpatient TKA: What’s the big deal?”
July 2018 hfm
Michael Rovinsky, MBA, Sean Looby, MHA, Laura Zacchigna
This article addresses the impact of change in Medicare policy that opened the door to a shift in total knee arthroplasty (TKA) procedures from inpatient to outpatient settings. TKA has long been an important revenue source for hospitals, so such a shift could place hospitals at risk of severe revenue declines from loss of inpatient TKA procedures to outpatient competitors. The authors describe how modeling possible scenarios can help hospitals begin to prepare and develop effective strategies for not only retaining but also building market share for TKA procedures.
“Bottom-line implications of new lease accounting standards: What healthcare leaders should know”
December 2018 hfm online
Bill Hanlon, Jay Miele, Jenna Magan, Mayling Leong and Katie Proux
A lease accounting standard, issued by the FASB in 2016 and effective in 2019, changed the way healthcare organizations are to report leases on their balance sheets. This article describes how the new accounting standard could significantly affect healthcare organizations’ financial covenant calculations under their borrowing agreements, as well as the structure of their future borrowing agreements and their choice of financing product.
“New approaches and technologies for improving cost performance in health care”
January 2019 hfm
Kathleen Masiulis, Thomas Schaich, Louis Rossiter and Jemmy Thomas
This case study recounts how a seven-hospital system in New York was able to reduce readmissions while lowering costs and improving care by tackling the issue of inpatient overstays (i.e., lengths of stay two or more days longer than expected for the patient’s condition). By strategically targeting certain patient groups and investigating reasons for overstays, the health system was able to improve patients’ outcomes and experiences while also improving the bottom line.
Other high-scoring articles include the following:
“7 considerations in the financial modeling of value-based payment arrangements”
Jim Ryan, MBA, and Charles Brown, MBA
October 2018 hfm
“Empowering physicians to become stewards”
Stephen Sibbitt, MD, and Lawrence Martinelli, MD, FACP, FIDSA
July 2018 hfm
“Preparing for BPCI-A: Avoiding the common mistakes providers make when implementing new payment models”
Deirdre Baggot, PhD, MBA, RN
October 21018 hfm