Finance and Business Strategy

Conserving capital expenses through clinical asset reallocation

Michelle Brandt is vice president of physician, ambulatory contracting & credentialing at MedStar Health in Columbia, Maryland About TRIMEDX As an industry-leading, independent clinical asset management company, TRIMEDX helps healthcare providers transform their clinical assets into strategic tools, driving reductions in operational expenses, optimizing clinical asset capital spend, maximizing resources for patient care, and delivering improved safety & protection. This published piece is provided solely for informational purposes. HFMA does not endorse the published material or warrant or guarantee its accuracy. The statements and opinions by participants are those of the participants and not those of HFMA. References to commercial manufacturers, vendors, products, or services that may appear do not constitute endorsements by HFMA.

HFMA December 1, 2022

Revenue cycle technology budgets rise to meet need for automation, AI and robotics, says new survey

See five areas where there is room for additional automation according to respondents in a recent survey. Also read about using AI in the revenue cycle and the benefits it brings hospitals and healthcare systems such as dealing with staffing challenges, dwindling margins and increased denial rates.

HFMA December 1, 2022

CareCredit healthcare credit card provides flexible payment options for both patients and healthcare providers

Read about one company's payment solution that gives patients a way to pay for out-of-pocket healthcare costs while enabling health care organizations to receive payment for services within two business days.

HFMA December 1, 2022

The Quadruple Aim: How robotic-assisted surgery helps organizations provide high-quality care at a lower cost

Read about how RAS can improve physician and patient satisfaction while simultaneously lowering costs, reducing complications and generating new net revenue.

HFMA December 1, 2022

A taxing opportunity for brave nonprofit health systems

Smart nonprofit health systems should pay their local, state and federal taxes as though they were for-profit companies.  You did just read that. I contend that it makes business sense for leading nonprofit health systems to pony up and pay taxes. In the long run, health systems that start paying taxes will create a new…

David W. Johnson November 28, 2022

10 Steps Toward Health Equity

The push to achieve equity in health and healthcare is daunting. It’s a multifaceted societal quest in which the goal is to fix disparities that have been entrenched throughout U.S. history. HFMA’s 2022 Thought Leadership Retreat brought together stakeholders from across healthcare Sept. 15-16 in Washington, D.C., to advance the dialogue in this effort. Although…

Nick Hut November 16, 2022

Healthcare’s cybersecurity stakes reach alarming levels

The threats to U.S. healthcare organizations from cyberattacks were already on the rise before COVID-19. But they have grown dramatically as a result of the pandemic. Major contributors to rising risk were the rush to respond to the need for telemedicine services and the shift of many staff to remote workplaces. “Hospitals had to stand…

Eric C. Reese, PhD November 7, 2022

Reeling hospital industry shouldn’t anticipate a turnaround anytime soon

Amid persistent financial and operational turbulence for hospitals, it appears unrealistic to expect significant improvement in the near future.

Nick Hut November 1, 2022

Aaron Crane: Poker lessons for healthcare finance

HFMA Chair Aaron Crane believes the game of poker provides valuable lessons for healthcare finance professionals navigating the current industry environment.

Aaron R. Crane, FHFMA, MHA October 25, 2022

How health systems can support underserved patients through in-home care

Finding a way to deliver high-touch care to vulnerable and underserved patients using the patient’s home as the primary point of care has become a strategic priority for providers. The strategic shift to a focus on in-home care for these populations stems from increasing pressure on health systems to lower the cost of care for populations they serve while solving for the challenges presented by social determinants of health.

Eric Galvin, CPA October 21, 2022
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