June 2019

Cover Story

Trend | Innovation and Disruption

Marcus Whitney says it’s time healthcare leaders embrace disruption

Industry disruption presents opportunities for established healthcare organizations to partner with emerging companies. For that to happen, the entrepreneur says, leaders need to find the right mindset.

Features

Article | Leadership

Open “Mike” night — a special session with HFMA’s incoming Chair

Michael Allen, FHFMA, CPA, talks about assuming his role as HFMA’s 2019-2020 National Chair.

How To | Partnerships and Value

How physician-finance partnerships pave the way to higher-value care

Physician leaders and finance leaders can use their respective strengths to complement each other and help each other thrive in a value-based environment.

Article | Payment, Reimbursement, and Managed Care

CMS cardiac procedure changes could cost hospital cardiac programs $700 million

In a move that could have profound financial implications for hospitals, the 2019 Outpatient Prospective Payment System final rule adds 17 cardiac procedures to the list of procedures approved by CMS to be performed in ambulatory surgery centers.

How To | Revenue Cycle

How to improve patients’ payment experience, and health, by making it affordable

By creating a payment plan for patients that makes care more affordable to them, a healthcare provider can promote patients' health be making them less inclined to delay necessary care.

Research & Reports | Accounting and Financial Reporting

Why hospitals are struggling to make headway improving cost accounting capabilities

Hospital executives say results of a new HFMA study are true: A range of higher-profile priorities, including simple survival, has kept their organizations from improving their cost-accounting abilities for almost a decade.

Columns

Column | Leadership

New HFMA National Chair kicks off term with dare

Michael Allen, FHFMA, CPA, HFMA’s Chair for FY2019-2020, describes his Chair theme, Dare You 2 Move, challenging healthcare finance leads to move out of their comfort zones so they can grow.

Column | Payment, Reimbursement, and Managed Care

Forecast: ACA tug-of-war to continue through 2020

How To | Innovation and Disruption

Data: What’s in it for you?

The volumes of patient data healthcare organizations create should help them face their challenges. But in order to use those volumes of data effectively, healthcare organizations need toask the selfish question: What’s in it for me?

Column | Strategic Partnerships, Mergers, and Acquisitions

3 ways healthcare organizations can take integration to the next level

Consolidating healthcare organizations should continue to pursue opportunities to take integrated healthcare to new levels of effectiveness.

Column | Financial Leadership

How HFMA is bringing together healthcare finance

HFMA President and CEO Joe Fifer offers a perspective on the new and traditional opportunities that the HFMA community offers.

Departments

Column | Staff Development

LTC 2019 networking event benefits Ronald McDonald House Charities

At HFMA’s 2019 Leadership Training Conference, Chapter and regional leaders collaborated on an HFMA partnership with Ronald McDonald House Charities.

Advertising

Executive Roundtable | Healthcare Business Trends

Opportunities and strategies for improving pharmacy financial performance

A roundtable of senior healthcare financial and pharmaceutical leaders that covers challenges and strategies for improving pharmacy financial performance.

Article | Self-Payment Collection

CareCredit: A proven payment solution

An industry-leading patient financial solutions company details how its credit card solution facilitates patient payment, helping the patient and healthcare organization.

Business Profile | Supply Chain Management

HealthTrust: A holistic approach to value analysis

Three HealthTrust leaders talk about the cost and quality advantages of creating a value analysis program and offer strategies for getting started.

Article | Innovation and Disruption

Change Healthcare: Accelerating healthcare innovation by productizing APIs

Change Healthcare talks about transforming the approach to application programming interfaces (APIs) to deliver them as individualized products that solve healthcare-specific problems.