How hospitals can preserve cash amid rising costs, crashing revenues brought on by COVID-19
The need to preserve cash is becoming more acute amid plummeting revenues and rising costs. Leaders and industry consultants are getting creative in search of solutions.
CARES Act funding ‘terms and conditions’ raise concerns among hospital advocates
Advisers are warning hospitals that the terms and conditions of CARES Act assistance are vague, contradictory and need to be reviewed by legal counsel.
UNC Health: Dementia-friendly care boosts quality, improves the patient experience
UNC Health is training nearly 4,000 clinicians and staff to deliver “dementia friendly” care. Training involves computer-based educational modules, moderated discussions and role-playing.
4 steps to help healthcare organizations plan for operating in a post-COVID-19 environment
To survive the current COVID-19 crisis and to thrive in the uncertain future that follows, healthcare organizations must take steps to prepare for and meet the full range of risks presented by the pandemic.
COVID-19’s impact on healthcare purchasers’ balance sheets will drive cost reduction efforts after the pandemic
HFMA's Chad Mulvany anticipates a combination of efforts to reduce the growth in per unit prices of healthcare and to reduce the total cost of care on the healthcare delivery system side after the pandemic.
Hospitals need engaged physicians to manage supply preferences
Gainsharing and co-management are two strategies hospitals and health systems can employ to effectively engage physicians in organizational efforts to manage costs of physician preference items.
The COVID-19 impact on the revenue cycle for hospitals and other healthcare providers
Hospitals and other providers should be prepared for the impact of COVID-19 on various aspects of the revenue cycle, including billing and coding, patient financial responsibility and resources.
Healthcare organization partnerships with Area Agencies on Aging help reduce the total cost of care
Area Agencies on Aging are well-established resources for enhancing the health and well-being of a community’s elderly population and a natural partner for hospitals as they strive for a holistic approach to caring for older adult patients.
How a time management audit can help leaders bring order to their schedules
Leaders can carve out a time management strategy by conducting an audit that examines their own duties, assumptions and preferences, writes Jill Geisler, HFMA’s contributing subject-matter expert on leadership topics.
Practices can qualify for CARES funding even without COVID-19 patients, HHS says
Practices can qualify for CARES Act grants even if they have no diagnosed or suspected COVID-19 patients.