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.
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.
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.
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.
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.
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.
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.
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.
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.
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.