COVID-19-induced revenue issues and staffing challenges causing some PCP practices to close their doors
HFMA's Chad Mulvany says if Congress passes another COVID-19 relief bill, which includes an additional PRF appropriation, it will address the PCP’s short-term financial issues, but will not solve staffing issues.
Financial Sustainability Report: August 2020
The August 2020 Financial Sustainability Report, sponsored by Kaufman Hall, offers healthcare finance leaders guidance on how to set compensation for physicians in surgical specialty areas and how to pursue a financially sustainable business model for virtual care,
Healthcare revenue cycle leaders, it’s your move
Healthcare providers can benefit from using a chess-inspired strategy to rebuild the revenue cycle after COID-19, as they continue to prepare or value-based care.
What can providers do as COVID-19 poses increased headwinds to uninsured rate
HFMA's Chad Mulvany says as the number of uninsured patients increases, providers will need to have medical accounts resolution processes in place that stress patient education and engagement as early in the process as possible.
Provider Relief Fund update: HHS drops requirement for providers to net attributable expenses
The latest change to Provider Relief Fund reporting requirements may allow providers to retain more federal COVID-19 assistance grants thanks to tweaked definitions around lost revenue..
Hospital finance leaders expect deteriorating payer mix, HFMA survey finds
Most hospitals expect their payer mix to shift in the next 12 months toward more Medicaid and individually insured patients.
A murky step in the right direction: HHS releases updated CARES Act Provider Relief Fund guidance
HHS, in a recent update, partially reverts back to the June 19 FAQs, which based the amount of PRF a provider is entitled to on lost revenue as opposed to its switch to lost margin in the Sept. 19 guidance.
HFMA’s online Community continues to grow and evolve
The completion of HFMA’s major upgrade to its online Community platform just as COVID-19 pandemic was provided an improved networking experience and way to get answers to healthcare finance industry questions.
Survey: COVID-19 profoundly affecting patient collections and financial assistance programs
This report focuses on key takeaways of the COVID-19 pandemic’s effect on patient collections at healthcare facilities based on an HFMA online survey for Digital Annual Conference attendees.
6 common ground healthcare issues that may help in overcoming discord
In the nation's current political climate and the prevailing partisan divide, healthcare is home to six issues where there is political common ground that could lead to bipartisan solutions.