Deceased Medicare Beneficiary Admissions: Accounting for the Causes and Impacts
Hospitals and health systems should be prepared to see a greater financial impact from Medicare hospital admissions that end with beneficiaries being deceased than from such admissions that end with the patients leaving the hospital in an improved condition.
The Value of Financial Analytics
Data analytics and business intelligence are essential tools for effectively managing the financial performance of healthcare organizations.
Monetizing Data: The Key to Realizing the Value of Data Analytics
Healthcare organizations require data analytics to succeed in the emerging value-focused healthcare environment, and through data monetization, in which they use these assets to create economic value, they can realize the value of their investment in the analytics.
Return on Analytics: Addressing the ‘Signals’ in the ‘Noise’
A healthcare organization’s ability to sustain high-value care delivery and ensure its long-term strategic financial viability depends on how effectively it applies data analytics to inform improvement efforts related to quality, cost, and patient experience.
Toward a More Effective Way of Validating Cost Data
Although there are no industry standards for measuring costing accuracy, financial analysts can take steps to ensure the cost number accurately reflects to the true cost of an item.
Managing Mental Health in the Workplace: A Strategy to Retain Employees
The head of a medical billing company implemented policies to support her employees’ mental health, including various accommodations as recommended by the Americans With Disabilities Act.
Price Transparency: The Time Is Now
It is past time for healthcare leaders to start providing greater price transparency for consumers, regardless of the challenges and obstacles to doing so, writes HFMA President and CEO Joseph J. Fifer.
Kaufman Hall: 5 Key Learnings from HFMA’s Financial Analytics Leadership Council
Tips-focused article about the role of data governance and how to establish a strategy. Key points pulled from the HFMA Financial Analytics Leadership Council.
Beyond the Mandate: Better Strategies for Price Transparency
Some healthcare organizations have taken the spirit of new price transparency regulations a step further by striving to inform patients in advance about their true out-of-pocket costs for care.
Telehealth Use Among Medicare Patients Limited but Growing
Growth in telehealth use among Medicare beneficiaries is occurring in patients 85 years and older and living in rural areas.