April 2021

Cover Story

Trend | Strategic Partnerships Mergers and Acquisitions

Healthcare M&A: Are you prepared for the pitfalls?

Leaders of hospitals and health systems whose organizations are embarking on a merger or acquisition should be prepared to avoid the many potential pitfalls associated with such an strategic venture.

Features

Trend | Cost Effectiveness of Health

Rising risk due to COVID-19 requires a nimble response from health systems

The factors that define risk in healthcare have markedly changed with the pandemic, creating a need for healthcare executives to evaluate and update existing strategies and operations to address emerging areas of risk that previously had not commanded their attention.

Article | Cost Effectiveness of Health

Hospitals enjoy greater flexibility in compensating physicians for value-based care

New regulations effective Jan. 19, 2021, afford hospitals, providers of certain ancillary services and accountable care organizations they own significantly greater flexibility to compensate physicians for collaboration on value-based care initiatives.

Sponsored Content | Budgeting

40% of hospitals reconsidering traditional budgeting amid pandemic: HFMA poll

A n October 2020 HFMA survey, by Strata Decision Technology, found that the COVID-19 pandemic prompted many U.S. hospitals to consider moving from a traditional budgeting process to rolling forecasting, with one in five already having made the move.

Sponsored Content | Value-Based Payment

Risk contracting: Outlook and success factors for hospitals and health systems

An December 2020 HFMA survey, sponsored by GHX, found high levels of optimism, overall regarding the future of value-based payment.

Sponsored Content | Value-Based Payment

Implications of the HFMA-GHX study of risk-based contracting

In this article discussing implications of the findings of a December 2020 HFMA study, sponsored by GHX, healthcare leaders share their perspectives on key factors contributing to their organizations' success under value-based contracts.

Columns

Column | Financial Leadership

'Do You Know What It Means to Miss New Orleans?'

HFMA Chair Mike Allen says if we take anything away from how the COVID-19 pandemic has kept us from seeing people and doing things we enjoy, it’s to truly appreciate and savor these precious moments in our lives.

Column | Coronavirus

U.S. faces a challenging road to recovery after COVID-19

President Biden faces an enormous challenge in achieving his promise of distributing the COVID-19 vaccine nationwide and bringing the nation back to economic prosperity. Time will tell if the President can delive on that promise.

Column | Staff Development

How organizations can take a comprehensive approach to DEI initiatives

To achieve substantive change, leaders must ensure diversity, equity and inclusion are pillars of organizational cultures.

Column | Capital Finance

Liquidity levels in a COVID world: Why healthcare finance leaders should be paying attention

Amid the COVID-19 crisis, many hospitals and health systems are finding they have excess liquidity levels on hand. As a result, they face a question of whether, and how, the should unwind their excess liquidity positions in favor of a more streamlined cash management process.

Column | Leadership

Addressing racial disparities in healthcare: It's time now

HFMA President and CEO Joe Fifer urges healthcare leaders to recognize and address the connections between healthcare finance and racial disparities.

Departments

News | Cost of Care

3 questions with Katie Gilfillan: Why it's time for the healthcare industry to address cost effectiveness of health

HFMA’s director of professional practice and clinical relationships discusses the importance of the Association’s Cost Effectiveness of Health event.

News | Leadership Skills Development

Metropolitan New York Chapter holds free educational event around personal branding

A plan foiled by COVID-19 became an educational opportunity for the Metropolitan New York Chapter in late 2020.

News | Medicare Payment and Reimbursement

News briefs: The new COVID-19 relief legislation could result in a big Medicare payment cut

The $1.9 trillion American Rescue Plan, which was signed into law March 11, could lead to a significant reduction in Medicare revenues if Congress does not act.

News | Staff Development

Ronald Kintz retires, takes role teaching at University of Miami

HFMA member Ronald J. Kintz retires and now teaches part-time at the University of Miami; we remember two members who died in 2020. Other members take on new jobs.

Article | Leadership

HFMA’s formative years: An evolution in chapters

HFMA remembers two of its founding fathers, and the beginning of it's Chapters.

Supplements

Trendsetter | Analytics

Unleashing the power of healthcare workforce data

Find out how one company helps healthcare organizations improve their workforce using a comprehensive assessment program to leverage real-time data and sophisticated analytics for insights on human capital and challenges.

Article | Bad Debt

Hospitals can recover all eligible Medicare bad debts by automating the Medicare bad debt review process

One company addresses the challenges of complex rules regulating Medicare bad debt processes and reporting, which makes payment recovery for hospitals difficult.

Article | Value-Based Payment

Healthcare financial teams need accounting software that delivers clear, measurable results to navigate today’s challenges

One company uses its cloud-native financial accounting system to provide acute, ambulatory and post-acute organizations with data to solve their most complex challenges, focus on strategic initiatives, increase efficiency and drive growth.

Executive Roundtable | Analytics

Financial Analytics Leadership Council members share 5 challenges, responses to pandemic’s financial long haul

Financial leaders discuss how the pandemic has impacted revenue, volume and expenses, which has thus created a need for data and analytics.