More independent physician practices likely to seek partners in the coming months due to financial issues caused by COVID-19
HFMA's Chad Mulvany says given the limited days cash on hand independent physician practices report having, it is likely practices will start seeking partners in the coming months, if they haven’t already.
White House appeals for hospitals and health systems to use official COVID-19 portal daily to track PPE needs
HFMA's Todd Nelson says the shortage of personal protective equipment is not going to get better if hospitals and health systems don’t do their part to provide PPE use and shortage data on the U.S. Healthcare COVID-19 portal.
A 5-step process to achieve and sustain physician preference item cost reduction
To identify and reduce the costs of physician preference items, hospitals and health systems should use a five-step process that begins with cleaning and organizing PPI cost and utilization data.
McKinsey & Company survey: Physician perceptions of COVID-19 risk influence referral patterns
HFMA's Chad Mulvany says these McKinsey findings illustrate the importance of involving physicians in the development and execution of checklists used to safely reopen clinics and restart non-emergent procedures.
OPPS proposed rule would eliminate ‘inpatient only’ list of procedures
The CY21 OPPS proposed rule would eliminate the inpatient-only list of services over three years while increasing the number of ASC-eligible procedures, and also would increase 340B payment cuts and overhaul the hospital star-rating system.
Healthcare finance leaders share their responses to the COVID-19 crisis
Healthcare finance executive across the nation shared a wide variety of perspectives and experiences regarding the impact of the COVID-19 pandemic on their organizations and on themselves as leaders.
GASB seeks volunteers to participate in ‘field test’ of proposed changes
GASB is seeking volunteer organizations to test new governmental accounting standard rules.
Elective surgery volume near normal in late July, analysis finds
Elective surgeries recovered in July following earlier state bans. However, a growing number of states are re-imposing bans amid a COVID-19 resurgence.
Beyond COVID-19: A guide to economic recovery for health system CFOs
As healthcare CFOs prepare fro the aftermath iof the COVID-19 pandemic, they should adopt a new mindset for addressing strategies around human capital, revenue recovery, cost reduction and capital investment.
5 high-leverage areas for improving medical group financial performance
By examining five high-leverage areas within medical group operations, health systems can identify improvement opportunities.