40% of hospitals reconsidering traditional budgeting amid pandemic: HFMA poll
A n October 2020 HFMA survey, by Strata Decision Technology, found that the COVID-19 pandemic prompted many U.S. hospitals to consider moving from a traditional budgeting process to rolling forecasting, with one in five already having made the move.
Rising risk due to COVID-19 requires a nimble response from health systems
The factors that define risk in healthcare have markedly changed with the pandemic, creating a need for healthcare executives to evaluate and update existing strategies and operations to address emerging areas of risk that previously had not commanded their attention.
Healthcare News of Note: Hospitals await disbursement of remaining COVID-19 relief funds
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles, including hospitals waiting on COVID-19 relief funds, HHS postponing implementation of the SUNSET rule and confirmation of a new HHS assistant secretary for health who is the first openly transgender person to be confirmed for a position by the Senate.
Alpha Health: Using machine learning to create fully autonomous revenue cycle operations
A revenue cycle technology company talks about how machine learning and other modern automation techniques can help healthcare organizations increase revenue, boost productivity and be more agile in the face of unexpected business volatility.
The evolution of integrated health system leader roles
Leadership of an integrated health system has become an increasingly complex undertaking today because of the many roles a leader must assume.
The fall of Haven, but the persistence of Amazon
Although many might have viewed the decision by Amazon, Berkshire Hathaway and JPMorgan Chase to shut down Haven, their ambitious joint venture, as a setback for Amazon, in particular, there is good reason to believe Amazon has not given up plans for a deeper involvement in healthcare.
It’s all in the breath: An argument for improved outcomes and reduced costs in healthcare
Effective breathing is known to promote good health, but our healthcare system has given relatively little attention to the concept of breathing therapy. COVID-19 has increased the need for a greater focus on this issue, and there are simple steps healthcare organizations can take to address it.
Healthcare News of Note: 14 healthcare providers unite to launch new data platform to glean more insight on medical conditions
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles, including the debut of a provider-led data platform, delayed care during the pandemic and the impact of the recent winter storm on Texas hospitals and health systems.
Reducing costs to collect while improving net patient revenue
In this sponsored roundtable, four healthcare revenue cycle leaders share strategies they followed to improve performance of their health systems and hospitals to financially recover from COVID-19.
News Briefs: CMS says it plans aggressive price transparency enforcement
CMS has notified hospitals that they should expect aggressive enforcement of new price transparency rules, including via audits that were slated to start in January.