Finance and Business Strategy

Using data analytics to address SDoH and contain costs

Finding a way to meaningfully address the adverse impacts of social determinants of health (SDoH) has long been a significant challenge for the nation’s hospitals and health systems. Now, leading healthcare organizations are finding new approaches to solving this problem through the innovative use of data and analytics, both internally and in collaboration with other…

Lisa A. Eramo, MA October 27, 2023

Reimagining healthcare accounts payable: Using automation to pivot from ‘cost center’ to ‘revenue generator’

Learn how accounts payable automation has become one of the leading ways healthcare finance leaders can reduce costs and optimize spend.

HFMA October 25, 2023

Hospital, physician advocates disagree over the role of physician-owned hospitals as policymakers ramp up focus

Hospital advocacy groups hope to stanch momentum that’s building in policy circles to increase the number of physician-owned hospitals. The American Hospital Association (AHA) and Federation of American Hospitals (FAH) issued a joint statement Oct. 18, saying permitting greater numbers of physician-owned hospitals (POHs) would have adverse effects on healthcare costs, access and quality. The…

Nick Hut October 24, 2023

In response to a congressional RFI, provider advocates give input on ways to bolster rural healthcare

Hospital and physician groups were among the respondents to a request by a key congressional committee for information on improving rural healthcare. In an RFI issued in September, the House Ways and Means Committee sought policy solutions for augmenting access to — and the quality of — healthcare in relatively remote areas. “The committee will…

Nick Hut October 19, 2023

How to design a national strategy to end the healthcare workforce crisis

Signs that the United States is in the midst of a healthcare workforce crisis are everywhere: A mounting national problem While exacerbated by the pandemic, the crunch has built for decades. The biggest driver is demographics: By 2029, one in four Americans will be 65 or older, translating into declining labor force participation, including in…

Susan Dentzer, MS October 18, 2023

Saudi Arabia’s 2030 Transformation Goals Address Many Healthcare Finance Topics

HFMA recently spoke with Ahmed Emad Al-Hamalawy, executive director, at Selat, the parent company of NAWA, about Saudi Arabia’s Healthcare Transformation 2030 goals and the critical skills necessary for success in healthcare finance and RCM fields. NAWA was the exclusive sponsor of an HFMA one-day education training at the Global Health Exhibition (GHE) in Riyadh…

HFMA staff October 17, 2023

Amid positive signs financially, hospitals continue to grapple with high costs in labor and other areas

The latest financial metrics for the hospital sector reflect a period of increasing stability but also sustained challenges. August financial data from more than 1,300 hospitals, as reported by Syntellis Performance Solutions, showed improvements in key metrics. The month-over-month increase in median operating margin was 3.5 percentage points, helping the year-to-date margin rise to 1.4%…

Nick Hut October 17, 2023

Buyer’s Guide: Patient financial engagement technologies

This whitepaper is a buyer’s guide to assist in understanding the benefits of how adopting new technology to increase patient financial engagement can improve the bottom line while improving the patient experience:

HFMA October 16, 2023

Why autonomous coding is having a moment in healthcare

Autonomous coding is growing in the healthcare industry, and the market is expected to reach $88 billion by 2030, up from $35 billion in 2022. Some expected outcomes of this include: Faster revenue cycle, less human intervention and improved patient satisfaction and care.

HFMA October 16, 2023

Hospitals push back on Senate report that calls out lack of spending on charity care

Not-for-profit (NFP) hospitals continue to be the subject of congressional scrutiny, with the chair of a key Senate committee issuing a report that questions whether they provide levels of charity care that are commensurate with their tax exemption. The report was released Oct. 10 by Senator Bernie Sanders (I-Vt.), chair of the Senate Health, Education,…

Nick Hut October 12, 2023
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