Financial Sustainability

Financial Sustainability Report: February 2020

The February 2020 issue of the Financial Sustainability Report, sponsored by Kaufman Hall, features articles on creating care pathways to eliminate unnecessary variations in care and on creating a dashboard to reduce spend on high-cost medications.

HFMA November 23, 2020

COVID-19’s impact on healthcare drives the need for a consumer focus

Healthcare providers require a consumer focus to be able to address the many profound and ongoing impacts of COVID-19, including patient anxiety, reduced patient volumes, unfavorable changes in payer mix and poor financial performance.

Robert A. Dickinson, MBA November 22, 2020

Healthcare revenue cycle leaders, it’s your move

Healthcare providers can benefit from using a chess-inspired strategy to rebuild the revenue cycle after COID-19, as they continue to prepare or value-based care.

Lucy Zielinski November 18, 2020

COVID-19 deals a severe blow to hospital performance

Health system executives and finance leaders responding to a recent survey expressed concern about the financial viability of their organizations amid the ongoing COVID-19 crisis.

Lance Robinson October 23, 2020

Why healthcare providers should rethink their approach to self-pay collections | HMA

Prepayment is an option for patient self-pay collections that can contribute to a positive experience for patients and improved revenue cycle performance for a provider organization.

Eric Fry October 23, 2020

How to prevent silent denials from eroding a hospital’s margin

Hospitals should take steps to prevent silent denials. Such denials are a common result of inaccuracies introduced as a result of clinical conservatism, which can have an impact on reimbursement before a claim is submitted.

Kurt Hopfensperger, MD, JD October 23, 2020

Why effective maternity care requires an innovative, value-based strategy

An episode-of-care approach may be the best way to address cost variation in maternal care and promote partnerships across the healthcare continuum.

Tessa Kerby, MBA, MPHE October 22, 2020

4 crucial health system responses to the revenue impact of COVID-19

The nation's hospitals and health systems have a critical need to begin preparing now for the long-term financial impacts of the COVID-19 pandemic.

Timothy E. Kinney October 21, 2020

How to apply a value equation in setting compensation for specialty providers

An effective value-based compensation system for surgical specialists should not only account for the physician’s service, quality of care and financial performance, but also the extent to which the physician exhibits high standards of citizenship.

John Rezen, CRCR, MHA, LSSBB October 15, 2020

How to access the healing power of children

Children have a unique power to integrate their realities in ways that we adults have long forgotten. It may be time for healthcare organizations to tap into that quality children possess to promote healing.

Martin Bluth October 9, 2020
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