COVID-19 requires intensified due diligence to understand its impact on the financial performance of health systems
Analyzing a health system’s financial performance is critical when making business decisions for the organization, but performing such an analysis is far from being straightforward for 2020 and 2021.
Reframing health as an investment: What we stand to gain
FMA President and CEO Joe Fifer discusses the implications of reframing health as an investment rather than an expenditure.
How a health system can realize tangible benefits from its digital health strategy
Many health systems today are intent on developing and implementing an effective digital health strategy, and their CFOs are likely to play a prominent and collaborative role in this effort.
Time for another extension of the COVID-19 public health emergency?
Hospitals and other healthcare providers are starting to ask whether it would be prudent and appropriate for the government-declared public health emergency (PHE) to be extended once again.
Focus on thought leadership and better practices: A testament to HFMA’s vision and purpose
From its very inception, HFMA has embraced the idea of thought leadership and professional practice. Major milestones have included the Principles and Practices Board, The Patient Friendly Billing Project, The Value Project and the recent focus on consumerism.
Bon Secours Mercy Health’s successful merger provides takeaway lessons learned for other healthcare organizations
Two large Catholic health systems — Bons Secours Health System and Mercy Health — initiated a merger in 2018 as a strategy for delivering more cost-effective care to underserved communities amid continued cost pressures and declining payments. Within three years, by using proactive, strategic and transparent communication as the guiding principle for their merger of equals, the combined organizations were able to far surpass the financial and integration goals they had set for the consolidation.
Let’s apply a wider view — and approach — to health equity
HFMA Chair Tammie Jackson urges healthcare finance leaders to think broadly when considering factors that lead to health disparities and finding new ways to promote health equity.
After a long wait, HHS sends out details on the next Provider Relief Fund distributions
The U.S. Department of Health and Human Services announced $25.5 billion in upcoming distributions from the Provider Relief Fund.
Site-of-care payment issues get highlighted by UnitedHealthcare and MedPAC
A new report issued by a leading health plan is the latest sign that hospitals and health systems can expect payers to ramp up implementation of site-neutral payments.
Cost Effectiveness of Health Report, September 2021
HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, is a monthly e-newsletter that will explore ways to ensure healthcare delivery in the United States is not only financially sustainable but also cost effective for all of its stakeholders — including health systems, physicians, health plans and patients. In this inaugural issue of the report, healthcare futurist Jeff Goldsmith shares his perspectives on the need for a focus on improving cost effectiveness of health as a societal imperative.