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.
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
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
Setting Competitive Prices with the Consumer in Mind
Finance leaders face a difficult balancing act when setting prices, particularly for new services.
How Price Transparency Can Lower Healthcare Costs
Joseph Sanginiti explains how healthcare providers, health plans, and consumers must work together to manage the cost of health care.
Critical Access Hospital Makes Transparency a Priority
Henry County Health Center has simplified patient billing and added a patient estimator tool to enhance the patient experience and improve collections.
Ask the Experts: Budget Staffing
Do you have a single position responsible for the capital and operating budget function across your health system, or is the function spread out with positions responsible for a specific function such as operating budget separate from capital and fixed assets?
Critical Drivers of Payment Differentials
Increases in hospital payment have not kept pace with general inflation. Healthcare leaders can isolate areas that help maintain or improve current performance.
4 Best Practices for Effective Post-Allocation Management
Thoughtful design and implementation of capital post-allocation management encourages project sponsors to meet the performance targets established in their business plans.
Catching Up on Your MIPS Strategy
A MIPS implementation plan involves creating a team, choosing metrics and a reporting mechanism, and looking at the new Medicare Part B payment model as part of your broader payer strategy.