Healthcare Financial Reporting News

In partial win for providers, HHS revises COVID-19 grant reporting

HHS revised guidance affecting $100 billion in Provider Relief Fund grants after pushback from providers.

By Rich Daly October 26, 2020

Updated reporting requirements for the CARES Act Provider Relief Fund: What providers need to know

New HHS guidance on reporting obligations for CARES Act Provider Relief Fund recipients could prove troublesome for providers that are caught off guard by the changes.

By Matthew R. Hutt, CPA, CGMA October 23, 2020

Continued growth in employer-paid healthcare premiums may spur employers to find alternative solutions

HFMA's Chad Mulvany says large employers have signaled a possible end to their patience for traditional players to provide a traditional solution, and he reviews what solutions they could pursue instead.

By Chad Mulvany, FHFMA October 22, 2020

Latest HHS provider relief fund FAQs offer insight into what’s permissible under the Sept. 19 reporting requirements

HFMA's Chad Mulvany says due to HHS's whipsaw approach to the provider relief fund FAQs and guidance, any clarity to be derived from the Phase 3 application instructions and FAQs needs to be considered with a measure of caution.

By Chad Mulvany, FHFMA October 22, 2020

4 crucial health system responses to the revenue impact of COVID-19

The nation's hospitals and health systems have a critical need to begin preparing now for the long-term financial impacts of the COVID-19 pandemic.

By Timothy E. Kinney October 21, 2020

CMS Administrator Seema Verma receives HFMA’s Board of Directors Award, talks with CEO Joe Fifer

At HFMA's Digital Annual Conference, President and CEO Joe Fifer presented CMS Administrator Seema Verma with the Association's highest honor: the Richard L. Clarke Board of Directors Award in recognition of her outstanding contributions to healthcare in a role that involves oversight of a $1 trillion budget, representing 26% of the total federal budget, and administration of health coverage programs for more than 130 million Americans. Following the presentation, Fifer and Verma had a Q&A session in which she addressed price transparency, the pandemic, and the future of value-based care.

By Erika Grotto October 12, 2020

How leading health system CFOs are staying agile on the road to recovery

Making strategic decisions in the current environment is difficult, but CFOs are leading their organizations by creating a more performance-based culture and adopting an agile financial planning approach.

By Lesley Weisenbacher October 9, 2020

HHS announces Phase 3 CARES Act Provider Relief Funding

The U.S. Department of Health and Human Services will accept applications for Phase 3 General Distributions of provider relief funds Oct. 5 – Nov. 6.

By Chad Mulvany, FHFMA October 8, 2020

Hospitals get relaxed Medicare repayment terms, short delay of DSH cut in federal funding bill

Hospitals will get some flexibility in the repayment of Medicare advance payment loans and a delay in uncompensated-care payment cuts under a new federal funding law.

By Rich Daly October 7, 2020

Public health emergency extended, $20 billion more in provider aid to be released

The COVID-19 public health emergency was extended to January and a new round of federal funding was issued for ongoing pandemic-response expenses.

By Rich Daly October 6, 2020
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