Hospitals and physician practices generally achieve ‘moderately effective’ use of cost data, according to a survey, which also identified more effective approaches
Although many healthcare organizations say they have achieved middling results in their cost accounting efforts, that could improve through widespread adoption of approaches identified as most effective.
How to Succeed in the BPCI-A Program: Transforming Care Across the Continuum
A strategy-focused article about the importance of robust care coordination and management for successful participation in alternative advanced payment models. Includes information from a recent meeting of HFMA’s Value-Based Healthcare Innovation Council (VBHIC).
Eliminating cost as a barrier to healthcare
An innovative financial services company talks about how it addresses patient payment pain points, offering patients interest-free payment arrangements without any fees and helping healthcare organizations improve self-pay collections without increasing domestic spend.
When the bones are good: Healthcare industry challenges can be opportunities to grow
Healthcare finance leaders need to trust their principles, values and sense of taking care of each other in moments of doubt and fear, such as the current COVID-19 epidemic.
Perspective matters when it comes to media scrutiny of health system collection practices
HFMA’s Chad Mulvany says 31,000 lawsuits may seem like a lot but adjusted to an annual basis and the population of the study’s geographic area, the actual number is much smaller than one would expect.
CMS modifies hospital inspection program amid coronavirus pandemic
State and federal inspections of hospitals will focus on locales where the CDC anticipates COVID-19 outbreaks.
Social distancing due to coronavirus may have unintentional negative effects on seniors aging in place
The unintentional physical and emotional suffering social distancing may cause at risk seniors who are sheltering in place, will also increase the total cost of care, putting further COVID-19-related pressure on participants in alternative payment models.
5 points about leadership that get past the cliches and highlight what’s real
Leadership is often misunderstood, but focusing on five key points can provide valuable perspective on what makes an effective leader.
Tips on how leaders should communicate during major change initiatives
During times of organizational change, leaders should recognize the importance of communication in ensuring the change gets implemented effectively.
Why a focus on margin management is critical in a consumer-centric healthcare market
Providers that remain focused on service-by-service approach to care delivery will find themselves out of step with today’s consumer-focused healthcare system.