Using analytics effectively to drive margin improvement
Participants of an HFMA Executive Roundtable held June 27 discuss how healthcare providers are taking steps to encourage data sharing among units and create a single source of truth for operational and patient data.
Using data analytics to address SDoH and contain costs
Finding a way to meaningfully address the adverse impacts of social determinants of health (SDoH) has long been a significant challenge for the nation’s hospitals and health systems. Now, leading healthcare organizations are finding new approaches to solving this problem through the innovative use of data and analytics, both internally and in collaboration with other…
The 5 provider strategies to improve profit margins
Improving financial performance and operating margins has become one of the most pressing concerns for health system CEOs. To meet future margin targets, leaders will have to bring a new level of focus, resources and structure to achieve deeper cost reductions on a recurring basis. At the same time, this is critical to ensuring that…
Annual Conference: Health system CFO panel reflects on the importance of embracing change
The healthcare industry is enduring tough times, but finance leaders are equipped to guide their organizations through choppy waters, CFOs said Sunday as part of a panel discussion. Speaking onstage during the opening session of HFMA’s Annual Conference in Nashville, five health system CFOs described how they’ve responded during a tumultuous period that began more…
How healthcare providers can break down barriers to effective data governance
Promoting improved data governance in the hospital and health system sector has become a just cause of sorts for Randy Albert, who serves as vice president of finance – operations and analytics at Maine-based Northern Light Health and is a member of HFMA’s Northern New England Chapter. “This is a topic that I’m incredibly passionate…
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.
Survey: Understanding and mitigating risk in compensating physicians
Important learnings from a February 2020 HFMA-conducted survey about physician compensation, where healthcare organization leaders offer insights on the complexities of the process.
PMMC’s Contract PRO helps hospitals see an average 10 to 1 ROI
When the time comes to renegotiate payer contracts, one company’s contract management system “provides managed care leaders with the ability to model all commercial payer contract terms to quickly understand the impact on net revenue.”
Syntellis is a trusted leader for software, data and intelligence
Syntellis’ Axiom and Connected Analytics is a Peer Reviewed and recommended software solution to assist healthcare organizations address challenges in budgeting, planning, financial management, cost accounting, decision support, reporting, and financial and clinical analytics.
Waystar simplifies existing revenue cycle systems for more effective payment
With the industry’s largest SaaS RCM platform, one company surrounds and supplements health systems’ existing systems to simplify healthcare payments.