Financial Leadership

Various data highlight the ongoing labor challenges facing hospitals and other healthcare providers

The healthcare labor picture may be stabilizing in some respects, but hospitals and other providers continue to feel the squeeze. The industry added 58,200 jobs in January, including 10,900 at hospitals and health systems, according to preliminary seasonally adjusted data from the U.S. Bureau of Labor Statistics. That jump follows an average monthly increase of…

Nick Hut February 7, 2023

Healthcare News of Note: 100 hospitals receive funding for new physician residency slots to boost healthcare access

CMS distributed 200 Medicare-funded physician residency slots to 100 hospitals, aiming to bolster healthcare access in areas with a shortage of qualified professionals. Overall cancer mortality has dropped 33% since 1991, averting an estimated 3.8 million cancer deaths, according to the American Cancer Society’s latest report. Patients’ ratings of specialist care were markedly higher when…

Deborah Filipek January 30, 2023

How healthcare providers can break down barriers to effective data governance

Promoting improved data governance in the hospital and health system sector has become a just cause of sorts for Randy Albert, who serves as vice president of finance – operations and analytics at Maine-based Northern Light Health and is a member of HFMA’s Northern New England Chapter. “This is a topic that I’m incredibly passionate…

Nick Hut January 27, 2023

Aaron Crane: Collaboration and problem-solving ignite cost-effective health

Happy New Year! Reflecting on my “Ignite the Spark” theme, I’d like to offer more guidance for those inspired to take action in 2023. My message focuses on three key areas that inhibit cost-effective health in this country ― waste in our healthcare delivery system, health inequity and an American lifestyle contributing to significant chronic…

Aaron R. Crane, FHFMA, MHA January 26, 2023

Joseph J. Fifer receives HFMA UK’s highest honor 

HFMA President and CEO Joseph J. Fifer received an honorary fellowship from HFMA UK. David Hughes and Steve Oglesby retire, while Kim Shrewsbury, Andy Zukowski and Rick Carrico have new CFO jobs.

Crystal Milazzo January 25, 2023

During a potentially tumultuous Congress, healthcare stakeholders should communicate their policy priorities

With the 118th Congress bringing the potential for policy upheaval, one of the best things healthcare stakeholders can do is make themselves heard on Capitol Hill. The new Republican majority in the House of Representatives has signaled its intent to use the federal debt ceiling as leverage in budget negotiations. President Joe Biden and the…

Nick Hut January 24, 2023

Labor costs and other concerns dampen the outlook for not-for-profit hospitals this year

Insights from a leading credit-rating agency illustrate the scope of the financial challenges facing not-for-profit hospitals in 2023.

Nick Hut January 10, 2023

Healthcare News of Note: How many hospitals earned a Leapfrog Top Hospital Award in 2022?

The Leapfrog Group said 115 facilities earned Top Hospital Awards and 12 earned Top ASC Awards. Around 1.3 million people with diabetes rationed insulin this past year because of the cost, according to recent study findings. Reducing burnout among nurses of color and those under age 35 is the goal of a three-year, $3.1 million…

Deborah Filipek December 19, 2022

The hospital labor picture could be improving, but a full financial recovery isn’t imminent

The financial and operational stress that has hampered hospitals may be easing in some ways, but probably not enough to qualify as a holiday gift for a beleaguered industry. Recent reports from credit-rating agencies have presented a mixed outlook. For example, Fitch Ratings released an analysis in December showing “incremental signs of improvement” in the staffing situation…

Nick Hut December 15, 2022

Florida Chapter fosters industry innovators 

HFMA’s Florida Chapter hosted a Professional Development & Innovator Workshop on Sept. 18, the first day of its 2022 Fall Conference at the Margaritaville Resort in Hollywood, Florida. This wasn’t the Chapter’s first professional development workshop. It was, however, different from those previously offered.   A shift in focus That difference was due to the Chapter’s…

Crystal Milazzo December 13, 2022
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