Honor Roll: HFMA certifications were awarded to 1,877 members Oct. 1, 2023 – Dec. 31, 2023

HFMA offers eight certifications for members to validate their expertise and demonstrate their commitment to the profession. The HFMA certifications are as follows: Certified Healthcare Financial Professional (CHFP), Certified Revenue Cycle Representative (CRCR), Certified Revenue Cycle Representative (CRCR) – GCC, Certified Specialist Accounting and Finance (CSAF), Certified Specialist Business Intelligence (CSBI), Certified Specialist Physician Practice…

Deborah Filipek January 25, 2024

Healthcare News of Note: 4 in 5 healthcare leaders received credible job offers in early 2023; what kept most of them from jumping ship?

Over the past few weeks, I have found these recent industry news stories that should be of interest to healthcare finance professionals. 1. Culture and compensation were the top reasons why most healthcare leaders did not of accept ‘viable’ job offers in early 2023 Although four of five healthcare leaders received viable job offers in…

Deborah Filipek January 5, 2024

2024 outlook: Hospitals can expect a steadier year financially, but key questions loom

Although the past year brought more stability for the not-for-profit hospital sector, analysts foresee 2024 as a pivotal period in determining the viability of individual organizations. Fitch Ratings continues to describe the sector’s outlook as “Deteriorating.” In a year-end report, the credit-rating agency said downgrades of hospitals and health systems in 2023 had outpaced upgrades…

Nick Hut December 22, 2023

Healthcare News of Note: What topics did healthcare finance professionals find of most interest in 2023?

Workforce issues drew the most engagement in HFMA’s Healthcare News of Note blog Three of the 10 most-read Healthcare News of Note blog posts of 2023 were workforce-related, making it the No. 1 topic sparking blog readers’ interest. Those stories were: 7 stories round out the top 10 of 2023 Additional topics that piqued reader…

Deborah Filipek December 20, 2023

HFMA strategy session highlights challenges and opportunities for healthcare finance leaders: payer relations, supply costs, AI and more

The legacy healthcare provider’s position in the industry could grow tenuous if leaders don’t respond boldly and strategically to ongoing trends, according to insights recently presented to HFMA leaders. “We’re at a crossroads right now,” Ashraf Shehata, principal and U.S. national sector leader for healthcare and life sciences with KPMG, said in November during a…

Nick Hut December 19, 2023

Healthcare Blame Game: Why CFOs should build media relationships

In a recent episode of HFMA’s “Healthcare Blame Game” podcast, Jim Heffernan, a retired CFO and current CFO emeritus of Massachusetts General Physicians Organization, shared four key pieces of advice for CFOs.

Brad Dennison December 13, 2023

Healthcare Blame Game: TIME hits the mark, Modern Healthcare misses, and a longtime HFMA member talks about why CFOs should build media relationships

Brad speaks with retired CFO and longtime HFMA member Jim Heffernan about why CFOs should be at the forefront of telling an organization’s financial story.

Erika Grotto December 13, 2023

Jill Geisler: Tips on how to be an accessible, approachable leader 

Ask people about the leaders they most admire, and they’re likely to describe someone who’s not only smart and strategic, but also approachable and accessible.  Those respected leaders make that aura of warmth and welcome look easy, but we know the real story. It’s hard work. And it isn’t getting easier. Tackling business, technology, regulatory…

Jill Geisler December 11, 2023

Kaleida Health taps Matthew Drake and Hugh Chisholm for  new roles  

Two HFMA fellows have been appointed to new leadership positions at Kaleida Health, the largest healthcare provider in Western New York.   Matthew Drake, FHFMA, MBA, is the health system’s new executive vice president of strategy and partnerships. Drake, a member of HFMA’s Rochester Regional Chapter, previously was Kaleida’s executive vice president and CFO. Prior to…

Crystal Milazzo December 11, 2023

Dennis Dahlen: It’s time to look at what’s working — and what isn’t — in reducing care costs 

There’s a surprising phenomenon taking place in Medicare spending — and it points to the need to look deeper when it comes to healthcare cost containment.  For years, Medicare was viewed as the nation’s “budget buster,” with spending spiraling so quickly that some budget experts predicted no amount of tax money could sustain it. And…

Dennis E. Dahlen, FHFMA, MBA, CPA December 11, 2023
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