Accounting and Financial Reporting

Ask the Experts: Contractual Write-Offs

For internal reporting, can underpayments and contractual write-offs be included when reporting uncompensated care?

HFMA October 13, 2017

Healthcare Cost Containment: October 2017

Subscribers can access the October 2017 issue of Healthcare Cost Containment.

HFMA October 3, 2017

New Survey Finds Current Cost Transformation Initiatives Lack Required Urgency

Healthcare executives responding to a recent survey overwhelming agree that transforming costs is a “significant” or “very significant” need, but more than 50 percent have no cost reduction targets for the next five years or have a goal of 1-5 percent—a range that is far below what will be required to transform cost structures.

Todd Fitz October 3, 2017

Targeted Care Integration Can Help Drive Success Under Risk Contracts

Providers can avoid many of the missed opportunities associated with risk contracts by carefully reviewing the targeted patient population, narrowing the number of performance metrics, and selecting the right clinicians to participate.

Laura Ramos Hegwer October 3, 2017

Benchmarking Helps OSF HealthCare Save $160M Annually

Spurred by a drop in operating income, OSF HealthCare embarked on a clinical and financial improvement initiative that has saved the organization $160 million each year.

David Stenerson October 3, 2017

Understanding Quality Components and Metrics

Quality metrics are an essential consideration in shared savings or shared risk contracts. Information about these metrics typically is located in an appendix, addendum, or exhibit. The provider organization should be familiar with and understand the specific measures. For each

HFMA October 2, 2017

The New Revenue Recognition Standard: Where Organizations Stand

As implementation time draws near for the Financial Accounting Standards Board’s new standards regarding contracts with customers, healthcare organizations should take steps to ensure their processes align with these standards.

Accounting: Brian Conner October 2, 2017

A Physician’s Guide to Financial Management Basics

Being able to analyze an income statement can help physician leaders identify what actions to take when variances occur. Similarly, knowing how to make a business case can help physician leaders secure staff or equipment they may need for a particular initiative.

Laura Ramos Hegwer September 28, 2017

A Physician’s Guide to Financial Management Basics

Being able to analyze an income statement can help physician leaders identify what actions to take when variances occur. Similarly, knowing how to make a business case can help physician leaders secure staff or equipment they may need for a particular initiative.

Laura Ramos Hegwer September 28, 2017

Select Healthcare Financial Management Terms

Break even Analysis (BE) Technique for calculating the volume required for a specific service where expenses equal revenue generated. Charges (Gross Charges) Billed amount

HFMA September 28, 2017
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