Healthcare Financial Management Association calls Patient Rights Advocate’s latest price transparency compliance report ‘irresponsible’
CHICAGO (March 7, 2024) – Long an advocate for consumerism and price transparency in healthcare, the Healthcare Financial Management Association (HFMA) today called the latest report from Patient Rights Advocate (PRA) “irresponsible” and “incorrect.” HFMA has maintained that to be effective, price transparency must offer clear information that is readily accessible to patients to enable them to…
Health Systems near their breaking point. Labor costs continue to increase while dollars collected from payers decrease.
CHICAGO — March 6, 2024 — Eighty four percent of health systems cite lower reimbursement from payers as a top cause of low operational margins, according to a report published by the Healthcare Financial Management Association (HFMA) and Eliciting Insights, a healthcare strategy and market research company. Further confounding health system margin struggles is the increased administrative…
HFMA Aligns with FinThrive to Introduce the Industry’s First Revenue Cycle Management Technology Adoption Model for Health Systems
CHICAGO — Nov. 30, 2023 — The Healthcare Financial Management Association (HFMA) announces a strategic alliance with FinThrive, Inc., a healthcare revenue cycle management software-as-a-service (SaaS) provider, to co-launch a five-stage Revenue Cycle Management Technology Adoption Model (RCMTAM) designed to help health systems leverage industry benchmarks to assess their current state of RCM technology maturity…
Healthcare Financial Management Association offers finance education in the Middle East
Chicago (Aug. 22, 2023) – The Healthcare Financial Management Association (HFMA) is offering a new international educational opportunity with a one-day healthcare finance session at the Global Health Exhibition in Riyadh on Oct. 31. Selat, a Riyadh-based revenue cycle management (RCM) consulting firm and their training firm Nawa, is the exclusive sponsor of the event. …
New report projects robust investment in healthcare revenue cycle and finance solutions, despite economic headwinds
CHICAGO (Aug. 16, 2023) – More than one-third of health system executives participating in a recent survey are planning to automate two or more revenue cycle management (RCM) or finance functions in 2024, according to a report published by the Healthcare Financial Management Association (HFMA) and Eliciting Insights, a healthcare strategy and market research company.…
HFMA membership surpasses 100,000 for the first time
The Healthcare Financial Management Association (HFMA) announced today that its board of directors has unanimously chosen Ann Jordan as the organization’s next president and chief executive officer, effective June 6, 2023. She will be the first female CEO in HFMA’s 77-year history. Jordan currently serves as CEO of ASQ, a global membership association for quality professionals with members in more than 130 countries.
HFMA Names Ann Jordan as New CEO
The Healthcare Financial Management Association (HFMA) announced today that its board of directors has unanimously chosen Ann Jordan as the organization’s next president and chief executive officer, effective June 6, 2023. She will be the first female CEO in HFMA’s 77-year history. Jordan currently serves as CEO of ASQ, a global membership association for quality professionals with members in more than 130 countries.