Healthcare Finance and Business Strategy

Articles focused on financial planning, business strategy, growth initiatives, mergers and acquisitions, and organizational performance in healthcare.

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.

By Joseph J. Fifer, FHFMA, CPA September 30, 2021

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.

By J. Alex Bacchetti, MBA September 30, 2021

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.

By Gail R Wilensky, PhD September 30, 2021

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.

By Eric C. Reese, PhD September 30, 2021

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.

By Josh Hesley, MHA September 30, 2021

Q&A: What healthcare professionals can do to stay safe while traveling and attending live events

Mayo Clinic’s Sean C. Dowdy shares best practices healthcare professionals can use to stay safe while traveling and attending live events, and he discusses what Mayo Clinic’s COVID-19 modeling shows for Olmsted County in Minnesota.

By Deborah Filipek September 29, 2021

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.

By Tammie L. Jackson, FHFMA, MHA, CHFP September 29, 2021

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.

By Nick Hut September 28, 2021

The future of the clinical workforce: Joyce Fitzpatrick, Case Western Reserve University, and Robyn Begley, CEO of the AONL and chief nursing officer of the AHA, discuss challenges in nursing

Joyce Fitzpatrick, a nurse and director of the Marian K. Shaughnessy Nurse Leadership Academy at the Frances Payne Bolton School of Nursing at Case Western Reserve University and Robyn Begley, CEO of the American Organization for Nursing Leadership and the chief nursing officer for the American Hospital Association, discuss the challenges facing the nursing profession.

By Erika Grotto September 27, 2021

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.

By Nick Hut September 27, 2021
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