Budgeting for healthcare technology is not just a numbers game
In recent years, the healthcare industry has seen a rapid proliferation of new technologies with promising healthcare applications. This trend has created a challenge for most U.S. hospitals and health systems, given their severe budget constraints, in deciding which of these new technologies constitute the best investment options for their organizations. Add to their technology…
David Johnson: GoFundMe helps some pay for healthcare, but it’s an awful solution
During the chaotic runup to the 2020 elections, President Trump nominated Judge Amy Coney Barrett to fill Ruth Bader Ginsberg’s vacated seat. On Sept. 26, 2020, Trump held a White House Rose Garden ceremony to celebrate Coney Barrett’s nomination. It became a COVID-19 super-spreader event. At least 11 of the attendees contracted COVID. They included…
Lisa Montman: Lessons on a journey to leadership in the nonprofit world
Having a diverse background in finance, with time spent working outside of healthcare, can give a healthcare CFO a unique perspective that is uncommon for the position. Such experience describes the journey of Lisa Montman, CPA, senior vice president and CFO at HonorHealth, a six-hospital, 1,372-bed, not-for-profit health system headquartered in Scottsdale, Ariz. Montman’s career…
8 healthcare trends for 2024: A guide for health system leaders and their boards
As health systems progress through 2024, they will require effective governance to successfully navigate the rising headwinds. As they plan and execute initiatives, their leaders and boards should remain informed about eight key trends that will have a growing impact on the industry and the future success of their organizations. 1 Continued big technology M&A…
Remembering HFMA trailblazer Ronald Kovener
HFMA joins friends and family in remembering Ronald Kovener who died at the age of 92 on July 26, 2023, in Indianapolis. An accountant, he had been a member of HFMA since 1961 and served as National President from 1972 to 1973. Kovener reminisced about his HFMA experience in 2021 when the Association celebrated its…
PMMC provides organizations with the tools and the knowledge to maximize their net revenue
Learn how PMMC's revenue cycle software and services improves the financial performance of healthcare providers to have more resources devoted to patient care.
Jill Geisler: 9 tips for healthcare finance leaders looking to improve their presentation skills
Do professional public speakers get nervous? Absolutely — but they don’t let it show. That’s what I teach to both students and front-line leaders who want to be better communicators. I draw on my background. My first career was as a broadcast reporter and anchor before moving into management. Today, I moderate U.S. Senate and…
The importance of digital transformation in a fraudulent environment
In this recently conducted survey, more than 85% of responding hospital financial executives said they are somewhat concerned (65.96%) or very concerned (19.15%) about potential AI-influenced fraud, including account takeovers and eventually payment fraud.
How digital patient engagement solutions can help healthcare organizations improve their existing revenue cycle
This roundtable features various healthcare professionals who breakdown what digital patient engagement solutions are being implemented and how this not only empowers patients, but also helps organizations looking to improve their existing revenue cycle.
Compassionate crusade: The role of healthcare in addressing homelessness
Homelessness poses a daunting national challenge. And the challenge worsened as a result of the pandemic, rising from roughly 582,000 people in 2022 to more than 653,000 people in 2023.a Clearly, keeping homeless people out of the ED is a pivotal goal in the battle against homelessness. But it is one that health systems cannot…