Tag: hfm

Point-of-service collection goes better if the right strategies and tactics are employed

Improving point-of-service (POS) collection has long been a topic of discussions across healthcare organizations struggling to meet collection goals. But the global pandemic and its aftermath have intensified the need for more effective strategies to meet this challenge while keeping a patient-centered focus. Health systems need to adopt new strategies that will support a positive…

Stacie M. Johnson, MAEd, CRCR, CSBI March 1, 2023

Collecting with compassion: Patient financial care grows in importance

Health system leaders increasingly believe more communication is better when it comes to telling patients what they owe. When the pandemic began, Henry County Health Center’s revenue cycle department took a gamble to relieve the financial stress of care for patients. Executives for the 25-bed, Mount Pleasant, Iowa, critical access hospital, which serves a large…

Jeni Williams March 1, 2023

Dan Heckathorne: Healthcare CFOs need a guiding philosophy and a mantra

What are the qualities that make a successful healthcare CFO? Is it leadership skills? Financial acumen? General management skills? Teaching and/or mentoring skills? A commitment to continued learning to maintain or acquire new skills? Answers vary. But for Dan Heckathorne, CFO of San Gorgonio Memorial Hospital (SGMH) in Banning, California, success in the CFO role…

Steven Berger, FHFMA February 28, 2023

2022 midterms aftermath: Gridlock or bipartisanship? 

Studies conducted over the past several years have found the polarization is increasing in American society.a And not surprisingly, the 2022 midterm elections reflected the deep divisions. Two fiercely contested Senate seats in this past election are emblematic. Democrat John Fetterman won Pennsylvania’s hotly contested Senate race over Republican Mehmet Oz, MD, taking over the seat…

Ken Perez February 28, 2023

Hospitals require an integrated team approach to ensuring revenue integrity

Healthcare organizations cannot expect to achieve financial sustainability without having a deliberate focus on ensuring revenue integrity. Only with such a focus can they deliver programs and services that are essential for coordinating internal efforts to maintain operational efficiency, compliance and optimal payment. For this reason, few finance or revenue cycle leaders would discount its…

Dawn Crump, MA, SSBB, CHC February 28, 2023

Monument Health revamps its revenue cycle leadership structure for the benefit of patients and the organization

Looking to break through the cultural silos that can hamper operations at hospitals and health systems, Monument Health has engineered a new brand of clinical-finance collaboration. Headquartered in Rapid City, South Dakota, the community-based health system established a dyad leadership structure in which a clinical leader has joint oversight of the revenue cycle. It’s a…

Nick Hut February 28, 2023

Creating a sustainable healthcare workforce demands innovative solutions

Five healthcare leaders share insight on how their forward-thinking healthcare organizations approach staffing challenges facing the industry.

HFMA February 28, 2023

News Briefs: Healthcare industry disrupter CVS Health to shell out billions to buy Oak Street Health

A month after stating it hoped to gain a presence in primary care, CVS Health accomplished that goal with a massive deal that could fortify its efforts to advance value-based payment in healthcare. The proposed $10.6 billion acquisition of Oak Street Health, a provider of senior-focused primary care, adds to a portfolio of assets that…

Nick Hut February 28, 2023

Brent Feickert joins Jefferson County Health Center as CFO

Jefferson County Health Center (JCHC) recently welcomed Brent Feickert, MBA, as its new CFO. In addition to providing fiscal leadership for Iowa’s oldest county hospital, Feickert will oversee several departments at JCHC, including the business office, main hospital registration, materials management and environmental services.  A current member of HFMA’s Iowa Chapter, Feickert has more than…

Crystal Milazzo February 27, 2023

Meet HFMA’s newest chapter: Empire New York 

Here’s an HFMA riddle for you: When does 63 – 4 = 60? The answer: When four local chapters consolidate to form a single chapter. And that’s what happened recently when four existing chapters — Central New York, Hudson Valley New York, Northeastern New York and Western New York — joined to form the Empire…

Crystal Milazzo February 27, 2023
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