A people-centric approach powers successful digital transformations in healthcare
In the past few years, healthcare leaders have not only struggled with investment and adoption of new technology, but also have faced staffing shortages with nurses and physicians. Learn key questions and essential strategies to create a positive impact within your hospital or health system.
AP automation can help alleviate healthcare workforce shortages and optimize cashflow
Labor shortages will not abate anytime soon, and healthcare leaders must have a strategy in place to leverage automation to generate savings and promote operational stability. AP automation is one area ripe for opportunity.
What healthcare CFOs don’t know about cybersecurity — and what they should ask their CISOs
In 2023, the number of reported data breaches in the U.S. rose to an all-time high of 3,205, a 78% increase from 2022, while the average cost of a healthcare data breach hit $10.93 million. Read this article to learn what five key questions CFOs should ask CISOs to understand the threats and risks — and how to support resilience.
First American supports healthcare organizations with strategic financing solutions
Check out this company's customized leasing and financing solutions, enabling clients to invest in critical equipment and infrastructure while prioritizing growth and maintaining financial flexibility.
Healthcare providers explore payer direct access to EHRs, but most are still awaiting the benefits
This roundtable brought together a number of healthcare industry leaders to discuss challenges and solutions for effectively sharing medical record data with payers. Roundtable participants also say they hope that offering insurers direct access to clinical information can potentially eliminate some of providers' administrative burden of constantly responding to records requests, but that is yet to come to fruition.
People: Kirsten Largent named new CFO of OSF HealthCare
OSF HealthCare in Peoria, Ill., has named Kirsten Largent, CPA, as its new CFO, while Bartlett Regional Hospital in Juneau, Alaska, has promoted Joe Wanner, CHFP, FACHE, MBA, to the position of CEO, and Madison County Health Care System has promoted Audra Ford, MHA, to the position of CFO.
News Briefs: Hospital advocates say Medicare’s 2025 outpatient payment update should have been higher
Medicare payments to hospitals for outpatient services will rise by 2.9% in 2025, according to a final rule published Nov. 1. The update is derived from a 3.4% increase in the market basket and a reduction of 0.5 percentage points as required based on the economywide productivity adjustment. Any hospital that does not fulfill quality-reporting…
Let’s reimagine our approach to workforce challenges
Bloomberg Philanthropies is investing in youth to address healthcare's talent shortage, creating "healthcare high schools" in 10 cities across the country, which combine classroom learning with hands-on experience and the opportunity to earn industry certifications and college credit.
Chapter News: HFMA’s Central Ohio Chapter invests in the future of healthcare finance
The Central Ohio Chapter of HFMA offers tuition assistance to full-time students pursuing an undergraduate or graduate degree in any healthcare management-related profession, and has seen a 350% increase in student membership since the program was launched in 2020.
Providence’s Deepak Sadagopan on value-based care and health system sustainability
Deepak Sadagopan of Renton, Wash.-based Providence has highlighted the ongoing labor crisis in healthcare, and the need for healthcare systems to reduce agency and increase network caregivers, while also focusing on reducing administrative needs in value-based care.