February 2018

Cover Story

How To | Enterprise Risk Management

Safeguarding Electronic Protected Health Information: A Non-Techie Guide for Healthcare Leaders

Cybersecurity remains one of the biggest risks in health care yet is grossly underfunded by many healthcare organizations.

From the President's Desk

Expanding on thoughts in his February 2018 column in hfm, HFMA President and CEO Joseph J. Fifer, FHFMA, CPA, talks about variations in healthcare prices and implications for stakeholders.

Video: GASB and FASB Updates

Brian Conner, partner for Moss Adams LLP, takes an in-depth look at GASB, FASB, and other accounting updates in health care. 

Early Edition

Trend | Analytics

From Disparate Data to Informed Strategies: Using Technology to Transform Quality, Costs, and the Patient Experience

Using data aggregated from disparate sources, hospitals and health systems that can apply data analytics to assess clinical and financial performance and develop strategies that help the ensure their organizations’ long-term success.

Case Study | Consumerism

Mobile Health Strategies for Patients

An efficient, affordable mobile health solution built by a health system in the Midwest is providing a model for other providers pursuing similar projects.

Column | Healthcare Business Trends

A Look at the Trump Administration’s Approach to HIT

In 2018, the Trump administration is likely to promote interoperability and consumer-directed data exchange and place increased emphasis how the private sector can help to advance the implementation of health information technology.

Column | Value-Based Payment

Observations About Value-Based Purchasing

The value-based purchasing (VBP) program established Centers for Medicare & Medicaid Services (CMS) requires redesign if it is to truly and effectively drive healthcare quality improvement.  

Features

Trend | Telemedicine

Telebehavioral Health: The ROI for Long-Term Care

To understand the financial impact of telebehavioral health services in long-term care facilities, a study compared the financial performance of facilities with telehealth services with that of facilities without such services. 

Case Study | Payment Trends

Overcoming Common Obstacles of Transitioning to Electronic Insurer-to-Provider Payments

A Pennsylvania health plan worked with providers to implement electronic payments and eliminate the issues of paper checks.

Case Study | Analytics

Using Predictive Analytics to Align ED Staffing Resources With Patient Demand

A data analysis provided the basis for developing an emergency department staffing model that more precisely accounted for day-to-day variations in volume of patient visits. 

Special feature

News | Consumerism

Staying Ahead of the Consumerism Curve

HFMA’s first Healthcare Consumerism Symposium shed light on major trends that are disrupting the industry, and strategies that providers should be considering to keep up.Shifting consumer behaviors and expectations are influencing the business of health care, with patients increasingly avoiding

Focus Area

Trend | Quality Improvement

The (Non-Financial) Benefits of Reducing Unnecessary Lab Testing

Quality improvement projects that focus on more efficient management of resources may improve patient satisfaction and result in modest cost savings.

Columns

Column | Financial Leadership

HFMA's 'Secret Sauce'

The ability to deliver value that meets the critical current and future needs of healthcare stakeholders, whether they be patients or healthcare finance professionals, requires at some point a step forward with faith.

Column | Pricing

Price Variation 101

Price variation has been a hot topic in healthcare industry circles but most consumers are unaware that healthcare prices vary. 

Column | Healthcare Reform

Solving the Opioid Crisis: A Critical Role for Medicaid

The Medicaid expansion has benefited states hardest hit by the opioid epidemic and has eased the burden of uncompensated care on hospitals and other healthcare providers.

Column | Strategic Partnerships, Mergers, and Acquisitions

Healthcare Microeconomics 401

When contemplating a consolidation today, healthcare leaders may need to consider new economic principles that account for consumer engagement and the impact of the consolidation on cost.

Column | Payment Models

A Carrot or a Stick?

Incentives may not be enough to trigger a shift to voluntary alternative payment models.

Trend | Capital Finance

The Increasing Importance of Strategic Capital Planning

Strategic capital planning can provide certainty amid a time of a large number of unknown external variables.

Departments

Trend | Benchmarking and Forecasting

Median Indicators for 2017 Provide Snapshot of U.S. Hospitals’ Recent Operational Performance

Hospital data was collected for one year and grouped into five categories.

Supplements

Executive Roundtable | Analytics

HFMA Executive Roundtable: Pursuing a Data-Driven Revenue Cycle

By monitoring key performance indicators and employing data analytics, healthcare organizations can uncover critical revenue cycle performance opportunities. In this roundtable, several revenue cycle leaders discuss how they use data analytics and the benefits they’ve seen.

Research & Reports | Value-Based Payment

HFMA Executive Survey: Value-Based Payment Readiness

HFMA researchers surveyed 117 senior financial executives about their organization’s value-based payment readiness in September 2017. 

Advertising

Trendsetter | Patient Access

Trendsetter: Re-Envisioning Patient Identification

This article discusses how Imprivata is transforming the patient identification process, leveraging next-generation biometric solutions to ensure accuracy and improve efficiency.

Trendsetter | Partnerships and Value

Trendsetter: Addressing the Needs of Specialty Pharmacy Patients

Premier Inc. partners with health systems to improve how specialty pharmacy patients are managed across the continuum, enabling collaboration while driving improvement in cost and quality outcomes.

Business Profile | Revenue Cycle

Ensemble Health Partners: Driving Revenue Cycle Innovation

Judson Ivy, president of Ensemble Health Partners, discusses the value of revenue cycle outsourcing and the importance of selecting the right partner.

Business Profile | Revenue Cycle Technology

Change Healthcare: Accelerating Revenue Cycle Transformation

Jason Williams, vice president for strategy and business analytics, Change Healthcare, discusses the importance of technology and technology-enabled services in reinventing the revenue cycle.