Cost Reduction

How healthcare organizations can defend against financial hazards in 2023

What are the most critical strategies to steer healthcare organizations in the direction of financial stability in the following year and beyond? A couple tips include reducing bad debt and accessing external benchmarks for supply pricing.

HFMA December 6, 2022

Most healthcare organizations want to augment current EHR workflows and would consider flexible outsourcing contracts

This pulse survey shows that there is no one-size-fits-all solution for managing today’s revenue cycle challenges. Savvy healthcare organizations know they need a combination of actionable insights and high-performance work teams to be successful.

HFMA December 1, 2022

Why addressing unexplained variations in care should be a healthcare system priority

Healthcare researchers believe Medicare could save $2 billion by using a cheaper drug for retinal disease, but some physicians don’t want to switch.

Lola Butcher October 3, 2022

First American – Providing funding solutions exclusively for healthcare organizations

Healthcare organizations can acquire leading-edge equipment and stay updated with the latest technology with one company’s funding solutions.

HFMA August 31, 2022

Ensemble helps healthcare organizations remove payer barriers, streamline processes and systems and implement strategies to increase patient loyalty

Find out how one company works with clients to ensure healthcare providers can navigate reimbursement complexity, adapt to payer changes and overcome obstacles.

HFMA August 31, 2022

Healthcare News of Note: Cancer is now the top driver of large employers’ healthcare costs

Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: The No. 1 driver of healthcare costs for large employers is cancer, the gender pay gap for physicians has gotten larger, and NRC Health names the top facilities for consumer loyalty and patient experience.

Deborah Filipek August 29, 2022

Cost Reduction Program Summary Report

HFMA, with sponsorship from Strata Decision Technology, surveyed 185 healthcare finance, accounting and revenue cycle executives to understand cost reduction programs and how effective they are. The survey indicates that while 89% of healthcare organization have some type of cost reduction program in place, only 6% say their program is extremely effective. Survey respondents select…

HFMA August 2, 2022

Healthcare News of Note: Community health workers can influence better use of healthcare providers among certain populations

Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Community health workers promote better use of healthcare providers, $195 billion in medical debt is owed by U.S. residents, and Generation Z is less likely to seek treatment for mental health issues.

Deborah Filipek June 21, 2022

5 tips for building an effective cost reduction program

An HFMA-Strata survey found only 6% of hospitals characterize the effectiveness of their cost reduction programs as extremely effective. One commonality among the most successful programs? Formal, ongoing cost reduction processes.

Lisa Eramo, MA June 1, 2022

Digestive diseases led increase in treatment costs over the last two decades, analysis finds

A new study quantifies the extent to which treating disease has become increasingly expensive since just before the turn of the century.

Nick Hut May 30, 2022
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