Monetizing Data: The Key to Realizing the Value of Data Analytics
Healthcare organizations require data analytics to succeed in the emerging value-focused healthcare environment, and through data monetization, in which they use these assets to create economic value, they can realize the value of their investment in the analytics.
Efforts to Address Surprise Medical Billing Could Yield a Bipartisan Solution
The current political climate could pose a barrier to a solution for Congress solving surprise medical bills from providers outside of patients’ networks through legislation.
How to Achieve a Return on an EHR
Electronic health records can be a useful population health management tool.
Return on Analytics: Addressing the ‘Signals’ in the ‘Noise’
A healthcare organization’s ability to sustain high-value care delivery and ensure its long-term strategic financial viability depends on how effectively it applies data analytics to inform improvement efforts related to quality, cost, and patient experience.
Toward a More Effective Way of Validating Cost Data
Although there are no industry standards for measuring costing accuracy, financial analysts can take steps to ensure the cost number accurately reflects to the true cost of an item.
Kaufman Hall: 5 Key Learnings from HFMA’s Financial Analytics Leadership Council
Tips-focused article about the role of data governance and how to establish a strategy. Key points pulled from the HFMA Financial Analytics Leadership Council.
Grant Thornton: Guiding Organizations Through Cloud-Based ERP Adoption
A senior leader at Grant Thornton LLP HealthCare Advisory Services talks about key ways to lay the groundwork for a shift to cloud-based ERP solutions. Insights stem from a presentation given at the HFMA Large System Controllers Council.
Improving Patient Acquisition and Retention With Digital Care Coordination
By improving the patient experience from the first communication with a provider to post-discharge care, a healthcare organization can help attract and retain more patients.
Treatment of Addiction: Incentivizing Recovery, Not Relapse
Substance use disorder has too often been treated as an isolated infectious disease. The ARMH-APM, a proposed alternative payment model, aims to restructure provider incentives to promote more appropriate treatment of the disorder as a chronic disease.
10 Ways to Enhance the Patient Payment Experience
Patients represent a fast-growing source of payment for healthcare providers, so it is important for providers to take steps not only to increase collections but also to enhance their patients’ financial experience.