‘The Times They Are A-Changin’ ‘
HFMA's Chair comments on the need for strong leadership through times of changes, citing Thomas Friedman's prediction of a coming "revolution inm edication and work."
Spillover effects of COVID-19 portend growing challenge for hospitals
Far more attention has been paid to the direct effects of COVID-19 on the healthcare system, including on hospitals, than to its indirect effects on hospitals, which include the impact on care other than COVID-19-related care.
Hospitals and health systems remain optimistic, overall, about APMs
An August HFMA survey, sponsored by GHX, found that, overall, hospitals and health systems are optimistic about seeing improvements in coordination and collaboration with partners in risk-based payment models over the next five years. The findings suggest organizations are moving ahead unabated in their value-based payment strategies.
COVID-19-induced revenue issues and staffing challenges causing some PCP practices to close their doors
HFMA's Chad Mulvany says if Congress passes another COVID-19 relief bill, which includes an additional PRF appropriation, it will address the PCP’s short-term financial issues, but will not solve staffing issues.
HHS Provider Relief Fund clarifications provide much-needed information
Several clarifications related to the treatment of depreciation, expenses for stockpiling PPE and revenue to the HHS Provider Relief Fund (PRF) FAQs were released Nov. 18 by the U.S. Department of Health & Human Services.
3 steps for executing an effective consumer-driven physician strategy
Physicians and health systems (including hospitals) that collaborate continuously on improving the consumer experience and bringing decisions as close to the consumer as possible will win in the emerging post-COVID-19 world.
How hospitals’ labor cost responses to the COVID-19 pandemic, differed and what the lessons learned mean for the future
The pandemic forced aggressive hospital cost controls to offset a historic revenue collapse. Labor cost control was key to that response and could see long-term implications.
Hospitals face challenge in finding healthcare’s ‘missing consumer’
The COVID-19 pandemic has accelerated demand for more consumer-friendly services and processes. Hospitals should respond by pursuing coordinated, strategic efforts to give consumers better access, experience, pricing and infrastructure.
Financial Sustainability Report: October 2020
The October 2020 Financial Sustainability Report, sponsored by Kaufman Hall, explores aspects of healthcare’s transition to value-based payment, including how to pursue a value-based approach to maternity care, and how the transitional approaches differ among hospitals and health systems based on each organization’s unique circumstances.
Financial Sustainability Report: September 2020
The September 2020 Financial Sustainability Report, sponsored by Kaufman Hall, explores looming imperatives and opportunities for healthcare providers, including the Medicare Direct Contracting APM and the price transparency rule, with guidance on steps to prepare.