May 2021

Cover Story

Article | Telemedicine

A now-or-never moment for telehealth? Demand will remain strong as long as technology and the healthcare industry can meet it

Payers and providers adapted quickly to the need for telehealth services, and most patients responded in kind. Demand will remain strong as long as technology and the industry can meet it.

Features

Article | Telemedicine

The economics of a telehealth visit: A time-based study at Penn Medicine

Research into the costs of delivering telehealth versus in-person visits by the Department of Orthopaedics at Penn Medicine sought to answer the health systems’ questions about the long-term economic viability of telemedicine services, and to help inform their conversations with payers about how much they should appropriately be paid for the services.

How To | Cost Effectiveness of Health

3 steps for executing an effective consumer-driven physician strategy

Physicians and health systems (including hospitals) that collaborate continuously on improving the consumer experience and bringing decisions as close to the consumer as possible will win in the emerging post-COVID-19 world.

How To | Cost Effectiveness of Health

Navigating change: Implications of CMS's 2021 Physician Fee Schedule

Changes to the CMS Physician Fee Schedule for 2021 require immediate deliberation by provider organizations with respect to how they will structure their physician compensation arrangements.

Column | Cost Effectiveness of Health

How revenue cycle teams can maintain effective patient financial services in a distanced world

Amid the challenging times of COVD-19, it is critical for revenue cycle leaders to educate themselves about best practices either created or refined during the pandemic to effectively promote patient financial engagement in today’s world of social distancing.

Columns

Column | Leadership

‘Auld Lang Syne’

Michael M. Allen, FHFMA, CPA, reflects on the past two years as his extended term as HFMA's National Chair draws to a close.

Column | Coronavirus

Herd immunity and the prospect of seeing an end to the COVID-19 crisis

There are widespread expectations that the United States will achieve herd immunity against COVID-19 within the coming year, and possibly by this summer.

Column | Leadership Skills Development

How leaders can deploy the power of positivity to uplift their teams and their organizations

To boost morale and improve productivity, it’s important for leaders to go beyond words of praise and consider how they can connect with employees on a deeper level.

Column | Innovation and Disruption

It's all in the breath: An argument for improved outcomes and reduced costs in healthcare

Effective breathing is known to promote good health, but our healthcare system has given relatively little attention to the concept of breathing therapy. COVID-19 has increased the need for a greater focus on this issue, and there are simple steps healthcare organizations can take to address it.

Column | Cost of Care

Why bigger isn’t better when it comes to the cost effectiveness of health

HFMA President and CEO Joe Fifer reflects on the need to assess cost effectiveness of health through the eyes of care purchasers.

Departments

Column | Finance and Business Strategy

How it works: hfm’s ‘Expert Reviewed’ status is hard earned

Articles designated as "expert reviewed" in hfm must go through a rigorous vetting process to earn that label and be published in the magazine.

News | Financial Leadership

First Illinois Chapter's CHFP practicum goes virtual and regional

HFMA’s First Illinois Chapter teams up with other Region 7 chapters to convert its annual CHFP practicum into a virtual region-wide event.

News | Medicare Payment and Reimbursement

News briefs: CMS reduces Medicare payments by 25% for many providers as part of loan recoupment

News briefs for May include recoupment of Medicare advance payments, a potential issue with hospitals' 340B eligibility, and more.

News | Accounting and Financial Reporting

The AAHA and the tumult of Medicare

Passage of Medicare in 1965 would have a profound effect on the American Association of Hospital Accounting, resulting in a change of name and direction for the Association.

News | Staff Development

Spectrum Health employees accept challenge to earn HFMA certifications

Amy Assenmacher challenges Spectrum Health revenue cycle employees to earn HFMA certification. Peg Burnette and Jeff Hurst selected for new CFO positions.

Supplements

Article | Medicare Payment and Reimbursement

TransUnion Medicare DSH solution helps hospitals identify reimbursement opportunities

Medicare disproportionate share hospital payments payments help serve low-income populations, but comes with a set of challenges such as identifying eligible patients. See one company’s solution by leveraging unique processing and data integration.

Business Profile | Artificial Intelligence

Atlas Health: Helping healthcare providers offer patients philanthropic financial assistance

Learn how one company uses a database of more than 10,000 philanthropic programs to tap into funds available for patient medical costs associated with care for chronic diseases, rare conditions or high-cost therapies.

Article | Revenue Cycle Technology

Panacea provides innovative chargemaster, transparent pricing, auditing, compliance and revenue integrity solutions

One company’s software development provides both consultants and clients with solutions for optimum chargemaster, complying with CMS price transparency rules, identifying lost and new incremental revenue and more.