Risk Management

CMS’s latest guidance for healthcare organizations on the new coronavirus

The HFMA editorial team will continuously post the latest announcements from the Centers for Medicare & Medicaid Services (CMS) related to the COVID-19 outbreak.

HFMA November 16, 2020

Unlocking the value in your medical devices can reduce costs and risk

A few leaders from one company review the ways their company provides financial savings for healthcare organizations — both operational savings and decreased capital spending on clinical assets — while reducing risk and improving provider and patient satisfaction.

HFMA November 5, 2020

Engaging in risk management to safeguard strategic priorities

As a hospital or health system, learn what it means to commit to anticipating, planning for and mitigating risks going forward, whether those relate to the COVID-19 pandemic’s continuing evolution or other large-scale events.

HFMA October 29, 2020

How to build a resilient not-for-profit healthcare company

To build a resilient organization that can withstand adverse changes to its core business model, leaders should create a foundation for absorbing first shocks of dislocation by breaking the company into three components: an operating company, finance company and investment company.

Eric Jordahl September 28, 2020

5 factors that will make the next recession different from 2008

Hospitals came through the Great Recession relatively unscathed, but a future recession would likely pose much more severe challenges. It therefore would be prudent for hospitals to act now to protect themselves against future market distress.

Richard Rollo August 20, 2020

Fewer cancer diagnoses in first weeks of the pandemic imply increased spending on cancer treatment in the future

HFMA's Chad Mulvany says good actuarial support is more important than ever for providers considering entering into risk-based models in response to the pandemic.

Chad Mulvany, FHFMA August 11, 2020

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.

Eric C. Reese, PhD August 4, 2020

Hospitals require a 3-pronged response to potential covenant violations

Reworking cost structure and enhancing revenue performance are foundational parts of a holistic solution for most healthcare organizations facing balance sheet challenges and covenant violations as a result of the COVID-19 crisis.

Ryan Freel June 15, 2020

Impact of the COVID-19 pandemic impact could cause more hospitals to breach debt covenants

If Congress does not take action to prevent financial penalties for already financially distressed hospitals, another financial hit could be the final blow for many healthcare organizations already feeling the financial impact of the pandemic.

Chuck Alsdurf June 11, 2020

Delayed care will have a butterfly effect on the Medicare Advantage rate setting

HFMA’s Chad Mulvany says healthcare providers can take specific actions to reengage with patients who are postponing and/or avoiding healthcare for fear of being exposed to COVID-19.

Chad Mulvany, FHFMA May 27, 2020
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