Leadership

Jill Geisler: The best healthcare finance leaders are also great coaches

When we become managers, we start with assumptions about our role. We may believe that, as the person in charge, we need to a be a decision-maker, problem-solver, idea person and quality controller. That’s a good list. But it’s incomplete. Working with managers for many years, I’ve learned that the best leaders also aspire to…

Jill Geisler August 10, 2023

The latest on hospital finances: Signs of improvement, but margins remain tight

Industry-level hospital financial insights reflect the mixed results of a recovery that’s in progress but is expected to be a long slog. In a 2023 midyear report (login required), Moody’s Investors Service noted that margins are below 3% for a third of the company’s rated hospitals. Before the pandemic, only about 6% had margins in…

Nick Hut July 27, 2023

Honor Roll: HFMA certifications were awarded to 1,883 members in Q2

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 July 25, 2023

Healthcare News of Note: Healthcare organizations continue to deal with turnover and workforce shortages

Over the past few weeks, I have found these industry news stories that should be of interest to healthcare finance professionals.      1. Physicians who say they are very likely to leave their current job are 15 times more likely to do so Healthcare organizations continue to deal with employee turnover and workforce shortages, according…

Deborah Filipek July 21, 2023

10 Vital Responses to Healthcare Disruption

Disruption is reverberating throughout the healthcare industry, and it’s incumbent on legacy organizations to develop strategic responses for the benefit of their consumers, their communities and themselves. With that overarching challenge becoming ever more pressing, HFMA’s 2023 Spring Thought Leadership Retreat brought together leaders from across the industry May 4-5 in Atlanta to consider approaches…

Nick Hut July 11, 2023

An HFMA podcast episode wins top overall award, and hfm magazine earns a gold for general excellence

An episode of HFMA’s “Voices in Healthcare Finance” podcast and hfm magazine were honored June 27 at the SIIA 43rd Annual AM&P Network EXCEL Awards Gala in Washington, D.C. In total, HFMA took home seven awards. The podcast episode, “How avoiding an awkward waiting room conversation can contribute to better health among transgender people,” earned the…

Deborah Filipek July 5, 2023

Annual Conference: HFMA Chair Dennis Dahlen issues a call to action for healthcare finance professionals

The concept of punctuated equilibrium refers to systems that experience isolated episodes of dramatic evolution intermixed with long periods of stasis or something close to it. Dennis Dahlen, who on Tuesday morning was installed as HFMA’s National Chair for FY23-24, thinks the hypothesis applies to healthcare. Speaking to Annual Conference attendees, Dahlen, the CFO of…

Nick Hut June 27, 2023

Annual Conference: Joe Fifer says goodbye

In the 11 years that Joseph J. Fifer led HFMA, he successfully guided the Association through some difficult events. The COVID-19 pandemic, the social unrest related to racial issues and enduring political divisiveness were among the challenges experienced by HFMA under his watch. But Fifer never gave up on promoting the benefits of personal connections…

Paul Barr, MS, MBA June 26, 2023

Annual Conference: Body-language expert Scott Rouse explains how to read others and make a good impression

People who know how to read body language can gain a significant advantage in their interpersonal relations, an expert said during Monday’s keynote session at HFMA’s Annual Conference. Scott Rouse, a behavior analyst and body-language expert who works with law-enforcement agencies and major corporations, said awareness of body language is key to quickly establishing connections…

Nick Hut June 26, 2023

Annual Conference: Health system CFO panel reflects on the importance of embracing change

The healthcare industry is enduring tough times, but finance leaders are equipped to guide their organizations through choppy waters, CFOs said Sunday as part of a panel discussion. Speaking onstage during the opening session of HFMA’s Annual Conference in Nashville, five health system CFOs described how they’ve responded during a tumultuous period that began more…

Nick Hut June 25, 2023
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