From chaos to unity: 6 steps for building a compensation plan for employed physicians
When acquiring physician practices, health systems often develop employment arrangements on a case-by-case basis, leading to challenges due to the inconsistencies of multiple arrangements. A large physician practice’s effort to standardize its approach to compensating its employed physicians offer a case example of how to effectively address this problem.
7 steps for supporting organizational well-being and mitigating clinician burnout
As part of a strategy to mitigate burnout and boost clinician well-being, interventions should be tailored to the specific needs of teams.
Implications of the HFMA-GHX study of risk-based contracting
In this article discussing implications of the findings of a December 2020 HFMA study, sponsored by GHX, healthcare leaders share their perspectives on key factors contributing to their organizations' success under value-based contracts.
Healthcare M&A: Are you prepared for the pitfalls?
Leaders of hospitals and health systems whose organizations are embarking on a merger or acquisition should be prepared to avoid the many potential pitfalls associated with such an strategic venture.
Congressional hearing showcases the divergence in the two parties’ views on how to improve U.S. healthcare
One witness at a hearing of a House subcommittee touted price transparency as an essential tool for addressing healthcare costs.
Healthcare News of Note: Halting elective surgeries in early 2020 cost hospitals $22.3 billion
Healthcare News of Note for healthcare finance professionals is a roundup of articles from the past week, including hospitals’ loss of revenue from halting elective surgeries, what healthcare providers want Biden to focus on and a new survey on physician burnout.
Physician practices are facing operational and financial headwinds
A recent study finds that most performance measures of physician practices declined in 2020 relative to 2019 levels. The findings suggest reinforcing the physician performance improvement infrastructure should remain a priority for hospitals and health systems with employed physicians.
Any port in a storm: How we can help each other navigate the challenging months ahead
HFMA President and CEO Joe Fifer reflects on pandemic fatigue and what healthcare leaders can do to support their colleagues through the challenging months ahead.
Healthcare News of Note: Report indicates uptick in hospital M&A activity
Healthcare News of Note for healthcare finance professionals is a roundup of articles from the past week, including more M&A activity in Q4, an extension of the COVID-19 PHE underway and FTC examination of claims data to help assess impact of physician group consolidation.
How healthcare organizations can use behavioral economics to get desired results from patients and staff
Karen Horgan, CEO of VAL Health, reviewed how healthcare finance professionals can use behavioral economics to get the outcomes they want from both patients and staff during an Aug. 14 session at HFMA's Digital Annual Conference.