Cost Reduction

Survey responses provide snapshot of the toll of the COVID-19 pandemic on hospital finances

A government-issued report used survey responses from hospital administrators to examine the impact of the COVID-19 pandemic on hospitals in various aspects, including finances.

Nick Hut March 30, 2021

Healthcare’s financial recovery after COVID-19 depends on data and evidence

One of the greatest cost-savings opportunities for hospitals and health systems lies in controlling variation in costs for surgical procedures, a key area of focus for such an effort is the supply costs for such procedures.

Dan Hermes, MBA March 26, 2021

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.

Martin Bluth February 19, 2021

Healthcare finance leaders emphasize efficiency and consider partnerships in response to ongoing trends

To address the challenges brought on by the COVID-19 pandemic, healthcare finance leaders are considering both internal and external solutions, according to recently issued reports.

Nick Hut February 19, 2021

Healthcare News of Note: Pandemic could lead to deceleration of U.S. annual health spending

Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles, including why the pandemic may cause health spending to decelerate, a look at how most consumers are hit with large bills after just one healthcare visit and more insights on the toll of COVID-19 on healthcare workers.

Deborah Filipek February 12, 2021

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.

HFMA February 1, 2021

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.

Rich Daly January 26, 2021

How The Johns Hopkins Hospital uses financial, operational and clinical collaboration to achieve cost savings

Using a framework for managing financial performance improvement across its enterprise that involved collaboration among finance, operations and clinicians, The Johns Hopkins Hospital was able to create many opportunities for costs savings and long-term financial success.

Eric C. Reese, PhD January 22, 2021

HFMA’s Digital Annual Conference continues Aug. 12 and Aug. 14 with more virtual education for healthcare finance professionals

HFMA's Digital Annual Conference continues Aug. 12 and Aug. 14 with a focus on optimizing performance with the latest KPIs, using analytics strategies to lower cost and maximize revenue and using behavioral economics to engage patients.

Deborah Filipek January 22, 2021

Hospitals share lessons learned from AI ‘workers’

Hospital finance leaders have found opportunity and challenge from their growing use of artificial intelligence within their finance operations.

Rich Daly January 22, 2021
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