David Asch, MD, executive director of the Penn Medicine Center for Healthcare Innovation, discusses how behavioral economics can help the healthcare industry enable health-oriented behavior.
Building an ERM Framework for Value-Focused Health Care
Healthcare providers are increasingly taking on payment risk as a result of value-based payment arrangements being implemented by the federal government and the private sector.
From the President's Desk
Expanding on thoughts in his April 2018 column in hfm, HFMA President and CEO Joseph J. Fifer, FHFMA, CPA, talks about the need to develop a shared understanding of value.
Building a Resilient Managed Medicaid Program in the Face of Uncertainty
By collaborating with state agencies, a provider-sponsored health plan has thrived and expanded in an economically disadvantaged area.
Setting a Course for Growth Through Optimal Service-Line Performance
For a health system, developing the analytics required to manage service-line performance across the care continuum involves an evolutionary process from rudimentary and intermediate to advanced and, ultimately, innovator stages.
Amazon in Health Care? Yawn . . .
The recently announced Amazon-Berkshire Hathaway-JPMorgan Chase affiliation has been widely discussed an important development in health care, but it would not likely have enough control and leverage to bring about meaningful change.
Provider-Sponsored Health Plans: Cautions and Opportunities
Hospitals and health systems that are contemplating establishing a provider-sponsored health plan face considerable challenges today in such an undertaking, but it can be an effective strategy for some.
ERM: Evolving From Risk Assessment to Strategic Risk Management
Hospitals and health systems must learn how to manage risk effectively to successfully face new challenges in health care.
How Healthcare Providers Can Reap the Benefits of an Actuarial Mindset
By adopting actuarial approaches to managing risk, healthcare providers can improve their financial security, apply greater leverage in contract negotiations, and enhance their clinical capabilities.
4 Strategies to Unlock Healthcare Performance Management Constraints
Hospital and health system finance leaders should play a central role in ensuring their organizations are applying high-quality enterprise performance management approaches that improve their organizations’ strategic agility in addressing enterprise risk.
Assessing Risk in Healthcare Finance Calls for Stewardship
Amid the healthcare industry’s ongoing transformation, healthcare leaders are called upon to be stewards in guiding their organizations through change and managing financial and operational risk.
Has Value Become a Buzzword?
Our shared vision of value is at risk. We won’t attain high-value health care unless we agree on what that means.
The Future of the Hospital
Reduced utilization of hospitals has many calling their future usefulness into question.
Developing a Future Generation Integrated Healthcare System
To envision new and better ways to rapidly reduce healthcare costs, the U.S. healthcare industry should take a lesson from approaches used by other countries, including China.
12-Year Trend Shows Steady Rise in Acute Care Hospital Administrative and General Costs
An analysis of Medicare cost reports shows that U.S. Hospitals saw a gradual increase in their administrative and general costs from 2004 through 2016.
Research Report: Value-Based Payment Readiness
This article discusses key takeaways from a September 2017 HFMA survey of senior financial executives about value-based payment readiness and how it has changed in recent years.
White Paper Highlight: CEOs Meet to Discuss Critical Healthcare Trends
This article highlights a white paper that shares top insights from a Fall 2017 gathering of senior healthcare leaders. Within the meeting, executives offered their perspectives on healthcare trends and gave recommendations for future work.
HealthTrust: Optimizing Purchased Services
Andrew Motz, assistant vice president, supply chain consulting at HealthTrust, discusses the value of a data-driven approach when procuring purchased services.
Trendsetter: Pursuing Data-Driven Workforce Management
This article discusses how Premier Inc. partners with health systems to reimagine workforce management, offering integrated data and advisory services to improve efficiency, reduce costs, and drive performance.