Hospitals have options for effectively managing complicated reimbursements
How can health systems and patients both win when it comes to payment? Read this article to learn how hospitals can maximize collections and get paid for provided services on top of how patients can identify source of payment that is not out of pocket.
A clinical background can give a hospital CFO greater financial acumen
Stephen “Jan” Grigsby, FHFMA, MHA, vice president and CFO at Springhill Medical Center (SMC) in Mobile Alabama, is one of those rare senior finance executives who came to his position from a clinical background. And as his experience shows, such finance leaders are likely to have valuable lessons and perspectives to share with their peers…
Aaron Crane: Collaboration and problem-solving ignite cost-effective health
Happy New Year! Reflecting on my “Ignite the Spark” theme, I’d like to offer more guidance for those inspired to take action in 2023. My message focuses on three key areas that inhibit cost-effective health in this country ― waste in our healthcare delivery system, health inequity and an American lifestyle contributing to significant chronic…
Joseph J. Fifer receives HFMA UK’s highest honor
HFMA President and CEO Joseph J. Fifer received an honorary fellowship from HFMA UK. David Hughes and Steve Oglesby retire, while Kim Shrewsbury, Andy Zukowski and Rick Carrico have new CFO jobs.
How community partnerships can play a central role in reducing cost of care and improving health outcomes
As average rent for a one-bedroom apartment in Chicago soared to nearly $2,000 a month, Illinois-based Cook County Health saw another unfortunate upward trend in housing insecurity and homelessness. That’s when the health system decided to partner with a city housing agency. The goal? To reduce healthcare costs and improve individual healthcare outcomes by connecting…
Andrew Donahue: Why the nation could see major healthcare reform legislation soon
Don’t expect much healthcare reform from the 118th Congress. That’s what many pundits said after the mid-term elections, based on two common assumptions. 1 The administration had its shot. During the first two years of President Joe Biden’s first term, when Democrats controlled the White House, the Senate and the House, healthcare reform was mostly…
How to use analytics and automation to build an intelligent A/R strategy
Health systems seeking to improve their accounts receivable function are turning to machine learning and AI to streamline patient interactions in ways that benefit the organizations and their patients. Read the challenges and benefits of using automation health system executives discuss in this roundtable.
Jill Geisler: Resolve to upgrade your communication
What are your key goals for this year? You’ve probably established your business goals for the year ahead. But what about personal goals? What can you do to improve your leadership effectiveness and benefit your team? Let me offer a worthy resolution: This year, pledge to upgrade the quality of your communication. It’s a critical…
How healthcare organizations are navigating the era of price transparency
In this roundtable, healthcare leaders from across the nation discuss how their health systems are navigating regulations around price transparency, common challenges and the effect on their organizations.
David Johnson: The end of traditional nonprofit healthcare business models?
What is going on with nonprofit health systems? I recently gave a keynote address to an investor forum that included CEOs from roughly a dozen nonprofit health systems. We dug into the structural and environmental challenges confronting their organizations. When queried, over half the CEOs admitted that their asset-heavy business models were not sustainable. Most…