4 steps healthcare CFOs can take to improve interoperability
Achieving information interoperability has long been touted as a solution to challenges that have plagued the healthcare industry for decades. For example, a health system that operates multiple electronic health records (EHRs) and systems across its facilities, hospitals and practices must undergo an extremely time-consuming and complicated process in gathering comprehensive patient records (e.g., by…
6 steps to prepare now for looming information-blocking requirements
The 21st Century Cures Act includes provisions aimed at identifying and stopping information-blocking practices that interfere with reasonable seamless sharing of electric health information. The Office of the National Coordinator for Health Information Technology (ONC) defines such a practice as one “likely to interfere with the access, exchange, or use of electronic health information (EHI),…
David Johnson: Efforts to revitalize healthcare on Chicago’s South Side underscore a critical national challenge
The United States continues to struggle with daunting inner-city health and healthcare problems borne out of innate social inequities. Effective solutions are few and far between. One initiative on Chicago’s South Side, launched just before the COVID-19 pandemic, encapsulates the potential and perils of system restructuring. In that distant January of 2020, four Chicago safety-net…
Payer scorecards hold promise for promoting an enhanced payer-provider equilibrium
The U.S. healthcare system is fraught with inherent complexities in how providers receive payment for the services they deliver. And those complexities include conflicting methodologies that too often breed contentiousness between payers and providers around how, when and whether services will be reimbursed. Payer scorecards offer an effective solution for mitigating these tendencies. While they…
PMMC uses best-in-class solutions to help clients navigate the challenges of healthcare finance
Read some key insights from a company that helps organizations understand how to maximize their net revenue using strategy and consultation.
Leveraging investments to strengthen resilience: Key insights
The approach health systems take to balance sheet and treasury management varies significantly. One company's managing director dives into how organizations can take a balanced-scorecard method to investments using a tier system.
How healthcare organizations are tackling workforce issues in real time
Check out what a group of healthcare finance professionals said regarding workforce management issues including costs, candidate quality, contracting agencies and other issues that can impact a healthcare organization’s profitability in this roundtable discussion.
News Briefs: Medicaid DSH payment cut barely averted in September, still possible in November
Hospitals received a last-day reprieve from substantial cuts to Medicaid disproportionate share hospital (DSH) payments, with House leaders reversing course Sept. 30 and ushering through a six-week government funding package. Language in the bill ensured the start of a four-year Medicaid DSH cut amounting to $32 billion was pushed back from Oct. 1 to Nov.…
How CFOs can bring the rigor of finance to the call center
Health system call centers are universally acknowledged as significant cost centers. Too often, however, they are viewed as non-revenue-generating cost centers. In fact, a call center’s performance also affects revenue growth factors such as clinician utilization and patient loyalty. Despite the multiple ways that call centers affect both the bottom and top lines, there is…
Theresa Mouton: CFOs need to be able to lead through chaos
As a 34-year healthcare finance veteran, Theresa Mouton, MBA, has seen her share of changes within the industry. Currently the Western Region CFO for Steward Health Care, Mouton oversees 17 hospitals across five states. In a career that has taken her from investor-owned health systems to not-for-profit hospitals and back again to the investor-owned side,…