Healthcare Finance Technology News

Results of HFMA's Outlook Survey show that the healthcare industry is still coping with the challenges of COVID-19 but has started to adapt to a post-pandemic future.

The healthcare revenue cycle is ripe for the kind of transformative change that automation technologies can bring. In fact, there may be no better application for these technologies.

Healthcare providers should consider the use of two proven strategies to reduce claim denials: Maximize reps follow up ability and close the gap between the front end and back end with a continuous feedback loop.

Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: A jump in ransomware attacks may move hospitals to increase IT security, surprise-billing concerns prevent some from seeking the COVID-19 vaccine, and physician shortages spur plan to allow more international candidates.

According to a survey, healthcare organizations that discuss cost reduction with clinicians more often are better prepared to achieve cost-reduction goals. Find out what approaches can restore trust for a better bottom line in this research report.

The March Financial Sustainability Report, sponsored by Kaufman Hall, highlights significant changes in the nature of risk that hospitals and health systems face in the post-pandemic world, and how these organizations’ leaders should respond. Other articles explore key success factors in M&A initiatives and tactics for controlling variation in costs for surgical procedures.

The April Financial Sustainability Report, sponsored by Kaufman Hall, offers results of a health system’s assessment of its costs to deliver telemedicine services. Other content includes a case study of how a large medical group revamped its approach to compensating its employed physicians, and guidance on how to stem the losses many hospitals incur around referrals for ambulatory services.

The May Financial Sustainability Report, sponsored by Kaufman Hall, describes a new method for compensating physicians that better accounts for each organization’s unique circumstances. It also includes guidance for finance and clinical leaders on how they can work together effectively while acknowledging their differences, and it examines how payer-provider partnerships are helping organizations keep pace with a transforming healthcare industry.

The March issue of the Financial Sustainability Report, sponsored by Kaufman Hall, provides insights and guidance for healthcare finance leaders ranging from accessing untapped opportunities for cost savings to using risk stratification to improve the organization’s position in negotiating risk contracts.

UCHealth has achieved rapid integration among acquired facilities by establishing a uniform IT platform while allowing for flexibility.