How hospitals can preserve cash amid rising costs, crashing revenues brought on by COVID-19
The need to preserve cash is becoming more acute amid plummeting revenues and rising costs. Leaders and industry consultants are getting creative in search of solutions.
Rural hospital finances hit hard by looming threat of COVID-19 as leaders scramble to preserve cash
Although most healthcare providers are likely to take a financial hit from the coronavirus pandemic, rural hospitals are especially vulnerable and are scrambling to preserve cash.
Key hospital provisions and some questions requiring resolution from the CARES Act
Summary of the top five CARES Act provisions impacting hospital finances and the open questions associated with those provisions.
What employees need from their leaders during the coronavirus crisis
As healthcare organizations navigate a high-stress period, leaders can serve as much-needed bulwarks if they take the right approach.
4 actions to provide a better billing experience for patients with coronavirus
Healthcare leaders who feel overwhelmed by the ever-changing coronavirus situation should not forget to ensure patients have a good financial experience in the organization.
With the coronavirus, contingency planning takes on greater importance for healthcare supply chain professionals
A risk management expert with a leading healthcare consultancy says hospital supply chain professionals should monitor deviations and consider how to respond to them.
HFMA recommended coronavirus resources
The coronavirus is affecting the healthcare industry in unprecedented ways, and HFMA wants to help you stay up to date on the latest news about the outbreak. Come back to this page regularly for coronavirus resources, selected specifically for healthcare finance professionals, including Medicare information on regulations and guidelines, COVID-19 test pricing, COVID-19 coding, telehealth billing FAQs and more.
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.
Healthcare associations band together to offer coronavirus resources
To help you better manage the evolving nature of COVID-19, these associations are collaborating closely to provide the healthcare field with our best resources available.
The importance of a supply chain strategic plan in a coronavirus world
The COVID-19 pandemic is ravaging healthcare facilities, which is partly due to a lack of personal protective equipment (PPE) and other critical supplies. Vulnerabilities in the supply chain strategic plan have been exposed. As such, hospitals should consider developing a supply chain strategic plan to address those vulnerabilities.
Developing a strategic plan can be a daunting task - what are the key areas of focus and best practices?
Join this webinar to hear executive supply chain leaders from provider and distributor organizations share COVID-19 observations, recommendations, and lessons learned in the areas of sourcing, technology, inventory management, and emergency preparedness.
Sponsored by: Strategic Health Services
Lessons learned from COVID-19: Optimizing patient engagement with cloud
In the wake of COVID-19, many healthcare providers that traditionally relied on physical office space had to quickly adapt their operations to meet regulatory guidelines and ensure the safety of their employees by shifting to remote work. On top of these workforce restrictions, healthcare organizations of all types undoubtedly saw an increase in call volume and patient engagement due to the pandemic.
Without a physical office, corporate VPN, or standard equipment, many were faced with challenges and learning lessons when forced to turn to new methods of patient engagement, manage increased call volumes, and drive performance when operating with a remote workforce.
Sponsored by: LiveVox
How claims and reimbursement data can fuel operational recovery
As the COVID-19 pandemic materialized and spread, it has changed so much about healthcare delivery, how we prepare, and how we go about our daily lives. We are reminded how fragile our health and the healthcare system can be. As an industry, healthcare has an opportunity to learn from this pandemic and improve our preparedness by having ready access to data that will help inform decisions about wealth, wellness and capacity.
As the COVID-19 fight continues, data driven decisions are vital for resource allocation, the move to digital care within telehealth, improved outcomes, disease prevention and cost containment. With better understanding of the most vulnerable populations in the U.S., care providers, public health experts and policy-makers can appropriate front-line resources and efforts where they are most needed - at the point of care for patients. It will also be critical as healthcare organizations recover from the pandemic to focus operational and financial priorities on places for growth by understanding unique market dynamics for specific service lines.
Sponsored by: LexisNexis