Accounting and Financial Reporting

Honor Roll: HFMA awards certifications to 2,746 members between September and December 2022

HFMA offers eight certifications for members to validate their expertise and demonstrate their commitment to the profession. The HFMA certifications are as follows: Certified Healthcare Financial Professional (CHFP), Certified Revenue Cycle Representative (CRCR), Certified Revenue Cycle Representative (CRCR) – GCC, Certified Specialist Accounting & Finance (CSAF), Certified Specialist Business Intelligence (CSBI), Certified Specialist Physician Practice…

Deborah Filipek February 7, 2023

Various data highlight the ongoing labor challenges facing hospitals and other healthcare providers

The healthcare labor picture may be stabilizing in some respects, but hospitals and other providers continue to feel the squeeze. The industry added 58,200 jobs in January, including 10,900 at hospitals and health systems, according to preliminary seasonally adjusted data from the U.S. Bureau of Labor Statistics. That jump follows an average monthly increase of…

Nick Hut February 6, 2023

OIG describes how hospitals can use NPs to treat patients without violating the Anti-Kickback Statute

An advisory opinion from the HHS Office of Inspector General (OIG) appears to give hospitals leeway to expand their use of nurse practitioners in specific situations without violating the Anti-Kickback Statute. OIG issued the opinion in December in response to an inquiry from an unnamed acute care hospital. The hospital was seeking clarification on whether…

Nick Hut February 1, 2023

Healthcare News of Note: 100 hospitals receive funding for new physician residency slots to boost healthcare access

CMS distributed 200 Medicare-funded physician residency slots to 100 hospitals, aiming to bolster healthcare access in areas with a shortage of qualified professionals. Overall cancer mortality has dropped 33% since 1991, averting an estimated 3.8 million cancer deaths, according to the American Cancer Society’s latest report. Patients’ ratings of specialist care were markedly higher when…

Deborah Filipek January 30, 2023

During a potentially tumultuous Congress, healthcare stakeholders should communicate their policy priorities

With the 118th Congress bringing the potential for policy upheaval, one of the best things healthcare stakeholders can do is make themselves heard on Capitol Hill. The new Republican majority in the House of Representatives has signaled its intent to use the federal debt ceiling as leverage in budget negotiations. President Joe Biden and the…

Nick Hut January 24, 2023

Healthcare News of Note: Nurses, doctors and pharmacists rank highest in Gallup’s latest ethics poll

Although nurses, medical doctors and pharmacists recently garnered the highest ethics rankings among 18 professions in a consumer poll, each group’s ratings have fallen over the past two years. There are now at least 15 private-equity-backed management companies that own orthopedic practices across the country. A substantial reduction in the odds of 30-day use of…

Deborah Filipek January 23, 2023

How to use analytics and automation to build an intelligent A/R strategy

Health systems seeking to improve their accounts receivable function are turning to machine learning and AI to streamline patient interactions in ways that benefit the organizations and their patients. Read the challenges and benefits of using automation health system executives discuss in this roundtable.

HFMA January 18, 2023

Healthcare News of Note: How to prevent pediatric mental health revisits

A new study provides a better understanding of the trends and factors associated with an increase in pediatric mental health ED revisits. Black and brown skin tones are underrepresented in medical training and textbooks, which can lead to missed diagnoses and inequities in care. Dermatologists are doing what they can to address the issue. A…

Deborah Filipek January 13, 2023

Healthcare News of Note: What healthcare sector innovations are consumers most excited about?

Some 48% of healthcare consumers surveyed said improved insight into how much care would cost was the No. 1 item they were excited about when it came to innovation in healthcare. Employers can expect an increase of more than 20,000% in adolescent mental health telehealth costs, according to a study showing telehealth appointments cost an…

Deborah Filipek January 5, 2023

Medicare contractors should more closely examine providers’ bad debt claims, HHS watchdog says

Medicare administrative contractors (MACs) soon could apply more scrutiny to providers’ reported bad debts if CMS implements recommendations from the HHS Office of Inspector General (OIG). OIG in December issued a report in which it examined bad-debt reimbursement claims on Medicare cost reports spanning 2016 through 2018 for 67 randomly selected providers (including 29 hospitals). In those…

Nick Hut January 3, 2023
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