Service Line Management

Hospitals reached steadier ground financially as they moved into 2024

Hospitals came into 2024 with some financial momentum, even as expenses continued to rise and pivotal decisions loomed. The year-to-date median hospital operating margin reached 2.3% in December, the high mark for 2023 and the 10th consecutive month in which margins were positive, according to monthly data from Syntellis Performance Solutions, part of Strata Decision…

Nick Hut February 12, 2024

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

Medicare’s final $9 billion remedy plan for 340B providers doesn’t address hospitals’ key concerns

Hospitals received final details on a $9 billion remedy payment plan for participants in the 340B Drug Pricing Program, with advocates expressing disappointment that corresponding reductions to other payments will go through as previously proposed. CMS issued a Nov. 2 final rule describing the terms of the remedy payment, which was necessitated after the Supreme…

Nick Hut November 3, 2023

Summary: 10 vital responses to healthcare disruption

Note: This article is a summary of a report on HFMA’s Spring Thought Leadership Retreat. The full report is available to download. 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…

Nick Hut August 30, 2023

Pandemic brought increases in the number of patients leaving the ED without being seen

Deferred care appeared to become more widespread in the emergency department amid the COVID-19 pandemic, according to a study.

Nick Hut October 21, 2022

Craneware is transforming the business of healthcare

Learn how one company offers its customers value cycle solutions that go beyond traditional revenue cycle to include pharmacy, supplies and service line optimization.

HFMA August 31, 2022

ElevatePFS delivers exceptional, patient-focused revenue cycle management services

Are you a provider dealing with government regulations, recovering from the COVID-19 pandemic, and adapting to technological advancements? Find out how to alleviate stress while navigating the complex revenue cycle challenges, while also delivering a positive patient experience.

HFMA August 30, 2022

Steve LeFar talks about the implications of care deferrals due to COVID-19

The economic and social impacts from deferred healthcare due to COVID-19 were already a major concern in the pandemic’s first year, portending severe declines in health status for Americans who stopped seeking care for fear of exposure to the coronavirus. In this Q&A, Strata Decision Technology’s Steve Lefar shares insights based on extensive data that tell the story of deferred care across the nation, and the likelihood that providers will see a rising tide of severely ill patients.

Eric C. Reese, PhD April 27, 2022

Ken Perez: Healthcare assailed by a labor crisis, with pharmacy technicians particularly affected

The healthcare sector lost more than half a million workers from February 2020 to September 2021, contributing to labor shortages in the sector. An often-overlooked yet important element in this trend is the acute shortage among pharmacy technicians, who play a vital role in the delivery of pharmacy services.

Ken Perez March 1, 2022

Latest data shows positive financial trends for hospitals, but will the good news be fleeting?

June was a promising month in terms of hospital financial performance, but the delta variant of the coronavirus threatens to reverse many of the gains.

Nick Hut August 7, 2021
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