News Briefs: Hospitals foresee adverse impacts from the FY24 inpatient payment rule
The FY24 final rule for Medicare inpatient payments didn’t bring hospitals the type of rate update they had sought, and for some organizations, a bigger concern is changes to uncompensated care (UC) payments. The regulations, which take effect Oct. 1, establish a 3.1% increase in operating payment rates, on average, for hospitals that meet quality-reporting…
Heffernan and Stoll honored with 2023 Morgan Awards
HFMA’s highest individual award — the Frederick C. Morgan Award for Individual Achievement — is awarded annually to a member who has made outstanding contributions to the Association over the course of a career. For only the third time since the award was first presented in 1959, two members received the special honor when the…
Leverage healthcare price transparency data to promote financial sustainability
Healthcare organizations are encouraged to review strategies and how to collaborate with payers, among other insights in this article, in order to grow healthcare consumer trust, engagement and retention.
8 Chapters receive 2023 HFMA Success Awards
Each year, leaders of HFMA’s chapters and regions gather at the Leadership Training Conference to plan for the year ahead and to acquire the skills and resources needed to go back home and make it happen. This year’s event took place April 16-18 in San Antonio, Texas. One of the highlights was the volunteer recognition…
Dennis Dahlen: It’s time to be biased toward action
We’re in an extraordinary period of discovery and innovation in healthcare, from a breakthrough treatment that delays the onset of Type 1 diabetes to the potential to use advanced artificial intelligence (AI) to help patients manage their health. But embracing the promise of innovation within our organizations depends on our ability to lead teams to…
Key questions for providers after more than 2 years of the price transparency rule
Evidence amassed from over two years of experience with compliance reinforces why providers need to focus on chargemaster prices and self-pay discount policies — and how they can benefit from analyzing trends in consumers’ price searches.
HFMA 2023-24 Leadership Directory
HFMA's 2023-24 Leadership Directory provides a listing of the Association's National, Regional and Chapter leaders for its current fiscal year.
Jill Geisler: The best healthcare finance leaders are also great coaches
When we become managers, we start with assumptions about our role. We may believe that, as the person in charge, we need to a be a decision-maker, problem-solver, idea person and quality controller. That’s a good list. But it’s incomplete. Working with managers for many years, I’ve learned that the best leaders also aspire to…
How leveraging artificial intelligence in utilization management can enhance your revenue cycle
This white paper dives into how AI will help make healthcare sustainable and provide more of a focus on patient care. The goal is to decrease industry challenges and create new efforts to reduce the administrative cost of healthcare.
Survey reveals 5 opportunities to tackle denial prevention and management
In this survey, responses found when organizations devote greater resources to denial management than to denial prevention, their rate of first-pass denials is higher: 13.6% versus 10.9%.