Cost reporting in the time of COVID-19 could have an impact on hospital payment
The changes due to the COVID-19 pandemic that hospitals must report in their annual cost reports will be pervasive throughout the reported data. Given that CMS and some state agencies use cost reports i9nformation to establish future rates, it is critical that hospitals exercise heightened due diligence in preparing their cost reports throughout the public health emergency.
Research finds widespread issues with community health needs assessments developed by nonprofit hospitals
A majority of hospitals make the required CHNA documents accessible, but many don’t include all the obligatory elements.
Financial Sustainability Report: August 2021
The August 2021 issue of the Financial Sustainability Report, sponsored by Kaufman Hall, explores the impacts of COVID-19 on hospital cost reporting and financial statements, and why a hospital’s future payment levels may depend on its due diligence around these processes today.
Latest financial metrics indicate continuing challenges for hospitals
As COVID-19 hospitalizations increased, some volumes took a hit and margins remained tight.
Current financial reporting practices inhibit healthcare policymaking, researchers say
Creation of a national database with information from health systems’ audited financial statements would give policymakers a better sense of how to respond to financial trends, according to researchers.
61% of hospitals say future compliance with price transparency will impact financial processes: HFMA poll
An HFMA-Strata survey found 61% of hospitals and health systems are revamping financial processes in light of price transparency.
HFMA President and CEO Joe Fifer: Why HFMA is requiring proof of COVID-19 vaccination to attend the 2021 Annual Conference
Here's why HFMA will require that everyone on-site at the Annual Conference in Minneapolis provide proof of COVID-19 vaccination.
OIG report suggests Medicare pays too much to cover capital costs for new hospitals
A new federal report indicates CMS pays excessively to cover capital expenditures during the first two years of a hospital’s existence.
Provider conduct could have a big impact on the future of telehealth, experts say
Widespread certification for telehealth could encourage policymakers to retain the waivers that have promoted expanded virtual access, industry experts say.
Intuitive: The Role of Data Analytics in Healthcare: 5 Key Learnings from the HFMA 2019 Annual Conference Focus Group
This report offers key takeaways from a 2019 HFMA Annual Conference focus group in which several senior financial leaders discuss the challenges and opportunities in leveraging data analytics to improve utilization, clinical outcome, and financial performance.