Article | Technology

hfm Magazine: March 2019

Article | Technology

hfm Magazine: March 2019

The March 2019 edition of hfm explores people and culture in healthcare finance, focusing on performance improvement, academic-community relationships, and care delivery.

Cover Story

How to Achieve a Return on an EHR
Electronic health records can be a useful population health management tool.
By Shaillee J. Chopra and Julie Bonello

Web Exclusives

Practical Tips for Maintaining Control over the Revenue Cycle 
Using technology to prevent denied claims and providing patients with price transparency are just two ways healthcare organizations can improve their revenue cycle performance.
By Eric Arnson

Improving Patient Acquisition and Retention With Digital Care Coordination
By improving the patient experience from the first communication with a provider to post-discharge care, a healthcare organization can help attract and retain more patients.
By Jason Kressel


Monetizing Data: The Key to Realizing the Value of Data Analytics  
Healthcare organizations require data analytics to succeed in the emerging value-focused healthcare environment, and through data monetization, in which they use these assets to create economic value, they can realize the value of their investment in the analytics.
By Stephanie Crabb

Toward a More Effective Way of Validating Cost Data
Although there are no industry standards for measuring costing accuracy, financial analysts can take steps to ensure the cost number accurately reflects to the true cost of an item.
By Paul Selivanoff

Return on Analytics: Addressing the ‘Signals’ in the ‘Noise’
A healthcare organization’s ability to sustain high-value care delivery and ensure its long-term strategic financial viability depends on how effectively it applies data analytics to inform improvement efforts related to quality, cost, and patient experience.
By Jennie D. Dulac, RN, Scott R. Engel, Therese A. Fitzpatrick. PhD, RN, FAAN, Jay Spence


Focus Area

Provider Nimbleness Required for Diverse Value-Based Healthcare Models
Providers must be nimble to adapt to new value-based healthcare strategies.
By Theresa Hush


From the Chair
The Value of Financial Analytics   
Data analytics and business intelligence are essential tools for effectively managing the financial performance of healthcare organizations.
By Kevin Brennan, FHFMA, CPA

Eye on Washington        
Efforts to Address Surprise Medical Billing Could Yield a Bipartisan Solution 
Although there may be bipartisan support in Congress for solving the problem of surprise medical bills from providers outside of patients’ networks through legislation, the current political climate could pose a barrier to such a legislative solution.
By Gail R. Wilensky, PhD  

Healthcare Innovation
Strategic Partnerships in An Era of Value  
Healthcare organizations are diving into partnership business models to leverage expertise, advanced analytics, and emerging technologies.
By Helen Stewart and Eric Kammer

From the President            
Introducing a Road Map for Advanced Cost Accounting 
HFMA President and CEO Joe Fifer discusses the new cost accounting model launched as a collaboration between HFMA and Strata Decision Technology.
By Joseph J. Fifer, FHFMA, CPA    


Business Insight
Kaufman Hall: 5 Key Learnings from HFMA’s Financial Analytics Leadership Council   
Tips-focused article about the role of data governance and how to establish a strategy. Key points pulled from the HFMA Financial Analytics Leadership Council.

Business Insight     
Grant Thornton: Guiding Organizations Through Cloud-Based ERP Adoption       
A senior leader at Grant Thornton LLP HealthCare Advisory Services talks about key ways to lay the groundwork for a shift to cloud-based ERP solutions. Insights stem from a presentation given at the HFMA Large System Controllers Council.


Related Articles | Technology

Trend | Revenue Cycle

Hospitals innovate to control labor costs

Hospital labor costs have steadily increased amid consumerism and other trends, but some organizations are finding new ways to address the challenge.

Case Study | Technology

Wireless infant sensors present an opportunity for ROI in innovation

The process of vetting new technology for infants in the NICU shows the rigorous standards for implementing technology in healthcare.

Column | Business Intelligence

How primary care physicians can navigate business intelligence challenges under risk models

To succeed with new payment models, physician practices must redouble their business intelligence efforts.

Article | Revenue Cycle

4 strategies for an AI-driven approach to improve revenue cycle performance

Automating certain revenue cycle practices can help healthcare organizations improve performance.