Providers must furnish ‘good-faith’ price estimates to self-pay patients starting next year
A newly issued federal rule on surprise billing includes regulations designed to improve price transparency for self-pay patients.
Focus on thought leadership and better practices: A testament to HFMA’s vision and purpose
From its very inception, HFMA has embraced the idea of thought leadership and professional practice. Major milestones have included the Principles and Practices Board, The Patient Friendly Billing Project, The Value Project and the recent focus on consumerism.
Cost Effectiveness of Health Report, September 2021
HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, is a monthly e-newsletter that will explore ways to ensure healthcare delivery in the United States is not only financially sustainable but also cost effective for all of its stakeholders — including health systems, physicians, health plans and patients. In this inaugural issue of the report, healthcare futurist Jeff Goldsmith shares his perspectives on the need for a focus on improving cost effectiveness of health as a societal imperative.
Recipients of COVID-19 vaccine boosters won’t have to pay anything out of pocket, CMS confirms
Medicare beneficiaries will owe nothing out of pocket for receiving an authorized booster dose, and the same applies to almost all Medicaid beneficiaries and most commercial health plan members.
Healthcare price transparency initiatives may fall flat due to systemic factors, expert says
Niall Brennan, a leading expert on healthcare cost drivers, is among the skeptics who doubt the ongoing price transparency push can result in a more efficient system.
Healthcare News of Note: Many new cancers in the U.S. may be going undiagnosed, a study by Quest Diagnostics shows
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Many new cancers may be going undiagnosed, research and media exposure leads to a reduction in hospitals suing patients for unpaid medical bills, and positive interactions with leadership boost healthcare worker well-being.
How 3 healthcare organizations are focusing on access and transparency to drive revenue cycle performance
Three winners of HFMA’s 2021 MAP Award share their innovative and effective strategies to build a strong revenue cycle amid uncertainty.
How to engage with patients where they are by balancing automation with the human touch
As provider organizations develop sophisticated automated systems, they should also make sure patients always have an opportunity to talk with a real person in the organization, because patients tend to be drawn to organizations where they feel a personal connection. Providers should address this patient need by having dedicated staff whose role is to personally engage with patients.
Most health plans have stopped waiving cost-sharing for COVID-19 treatments, report finds
Researchers with the Kaiser Family Foundation said more and more people likely will receive “significant medical bills” for COVID-19-related care.
Virtual Revenue Cycle Conference April 30 will help healthcare finance professionals manage operational stability during the COVID-19 pandemic
Healthcare finance professionals can learn to continue to support their health system’s financial viability and ensure use of consumer-centric strategies during the COVID-19 pandemic at HFMA's Virtual Conference April 30.