News | Leadership
Candi Powers, a member of HFMA’s West Virginia Chapter, credits HFMA with changing the trajectory of her life after she became a member in 2005.
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Column | Leadership
HFMA Chair Aaron Crane discusses current workforce challenges and encourages healthcare industry leaders and business partners to look at them as opportunities.
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Column | Leadership
The Northwell Health Nurse Choir performed at the Metro NY HFMA Chapter’s 2022 Annual Institute, honoring front-line nursing professionals and raising funds for Nurse Heroes.
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Podcast | Continuum of care
The podcast news team tackles the topic of quality when disruptors enter the healthcare space. Join Senior Editor Nick Hut and Policy Director Shawn Stack for a hard look at issues of safety and best practices when customer convenience reig...
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Case Study | Cost Effectiveness of Health
A case study of a merger of two health systems in the Pacific Northwest exemplifies a recent shift in focus among health system mergers, toward creating transformative partnerships aimed at improving value and overall cost effectiveness.
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Column | Cost Effectiveness of Health
Healthcare organizations’ investments in health equity can deliver a meaningful ROI, but identifying the financial benefits of such investments requires an expanded framework for analysis beyond criteria used in a standard ROI analysis.
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Column | Cost Effectiveness of Health
The skyrocketing inflation of healthcare costs over the past decades has considerably reduced the value of healthcare in our country, and waste is largely at the root of the problem A focus on eliminating healthcare waste is logically neede...
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Q&A | Cost Effectiveness of Health
To help patients dealing with a lack of access to healthy foods, providers should consider partnering with an organization that can help them provide these patients with the means for purchasing healthy food using technology such as swipe c...
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Article | Cost Effectiveness of Health
The post-acute landscape is changing quickly, and skilled nursing facilities SNFs are changing with it. Health systems have numerous options to engage in this evolving landscape, and numerous factors to consider in determining the best opti...
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Podcast | Continuum of care
Beth Friedman, a senior partner at FINN Partners, shares the story of her experience helping identify the 230 victims of the TWA Flight 800 crash in 1996 via medical and dental records.
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Article | Cost Effectiveness of Health
Fighting the everyday challenges of working in healthcare can leave little room for the big picture changes occurring in the industry. HFMA's “Healthcare 2030” series is tackling those challenges and opportunities with a second volume of fo...
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Podcast | Continuum of care
HFMA President and CEO Joe Fifer interviews Brynn Bowman, CEO of the Center to Advance Palliative Care.
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Podcast | Continuum of care
Ali Hochreiter and Lauren Knieser from Audacious Inquiry, a PointClickCare company, discuss disaster preparedness for patients outside hospital walls.
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Column | Cost Effectiveness of Health
Social determinants of health (SDoH) present a severe challenge for our nation by perpetuating inequities both in access to care and in the quality-of-the outcomes of care. Although interventions that address the challenges posed by SDoH ar...
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Q&A | Cost Effectiveness of Health
If we are to meaningfully address our nation’s crisis in mental health, we need to start by treating mental illness the same way we treat physical ailments, says Thomas Young, MD, a Board-certified physician and long-time vocal advocate for...
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Column | Cost Effectiveness of Health
Joe Fifer says it’s time for healthcare leaders to make a choice about their role in addressing social determinants of health and outlines three options for doing so.
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Podcast | Cost Effectiveness of Health
Kal Wahab, a director at Nordic Global and a speaker at HFMA's Annual Conference pre-conference, discusses the cost effectiveness of health and why healthcare organizations should assess their readiness for value.
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Podcast | Cost Effectiveness of Health
In this special early-release episode, Brad Dennison, HFMA's director of content strategy, interviews Jim Jacobson and John Becker of Vizient; and Chad Mulvany, vice president of federal policy at the California Hospital Association discuss...
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Column | Cost Effectiveness of Health
Laurence Appel, CPA, FHFMA, and the CFO of University of Illinois Hospital and Health Sciences System — and a 37-year member of HFMA — says it is important for finance leaders to be well-versed in the clinical aspects of the business and ...
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Column | Cost Effectiveness of Health
Improving health equity in the United States is a challenge that is beyond the ability of the healthcare to meet on its own. But many of the ways our healthcare system currently operates exacerbate health inequity — and that is a problem we...
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Q&A | Cost Effectiveness of Health
U.S. hospitals, and the healthcare industry overall, must learn to apply data more proactively if we are to begin to make meaningfully progress toward addressing the financial and social challenges besetting our healthcare system, says Dani...
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Column | Cost Effectiveness of Health
Although physicians have historically constituted the vast majority of a health system’s providers, advanced practice providers (APPs) are growing in number and importance throughout healthcare, to the point that what traditionally has been...
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Column | Cost Effectiveness of Health
Health system leaders today should demonstrate the courage to reject volume-based business models and embrace value-driven care delivery. Improving governance within nonprofit health systems will speed the nation's journey toward consistent...
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News | Cost Effectiveness of Health
Healthcare stakeholders must embrace a broader concept of health to enhance the welfare of their communities, according to a pair of talks Monday at HFMA’s Annual Conference.
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Column | Cost Effectiveness of Health
The possibility that an organization might breach debt covenants is a symptom of deeper problems that require an all-hands-on-deck approach within the organization to get back on a sustainable path.
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Column | Cost Effectiveness of Health
Erik Thorsen, CPA, MBA, a 27-year member of HFMA, says successful leadership in healthcare finance requires a focus on the CEoH “triple aim” of patient access, equity and social determinants of health.
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Q&A | Cost Effectiveness of Health
The revenue cycle should be designed to give patients choices that help make healthcare more affordable for them, says Bruce Haupt, president and CEO of ClearBalance Healthcare. By clearly communicating those choices, organizations can prom...
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Article | Cost Effectiveness of Health
Healthcare providers should revisit short-sighted care protocols for patients with nonconventional chronic conditions; as they stand, the protocols may save costs initially but ultimately lead to poorer outcomes and greater costs.
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How To | Cost Effectiveness of Health
The May 2022 edition of HFMA’s Cost Effectiveness of Health Report includes a conversation with Lance Robertson, former U.S. Assistant Secretary for Aging at the U.S. Department of Health and Human Services Administration for Community Livi...
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Q&A | Cost Effectiveness of Health
Lance Robertson, a former HHS leader, is encouraged by the federal response to the nation’s need to address problems such as health inequity, increased health risk and avoidable high costs for populations that are adversely affected by soci...
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Column | Cost Effectiveness of Health
Healthcare leaders have an important opportunity today use the new regulations to drive value-based care throughout their organizations. But that doesn’t mean completely relinquishing their traditional revenue streams. To seize this opportu...
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Column | Cost Effectiveness of Health
Edward M. Prunchunas, a 47-year HFMA member, shares his insights and observations about the transformation of the U.S. healthcare system over the years and what are the essential leadership components for achieving success as he prepares to...
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Column | Cost Effectiveness of Health
The changing healthcare landscape following the pandemic — including, among other factors, the new competitive dynamics as a result of the migration away from inpatient care and the heightened focus on health equity — is making it incumben...
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Column | Cost Effectiveness of Health
COVID-19’s impact on nursing is undeniable. But focusing too much on the pandemic can obscure longstanding and inexorable demographic trends that are also contributing to growing nursing shortages.
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Article | Cost Effectiveness of Health
The potential for improved outcomes is just one important reason to consider pursuing an acute care at home strategy. Even in the absence of payment, health systems may ultimately find pursuit of such a strategy beneficial.
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Blog | Cost Effectiveness of Health
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: 106,474 unnecessary procedures were performed on older adults in hospitals early in the pandemic, 55% of patients in rural areas relied on te...
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How To | Cost Effectiveness of Health
The April 2022 edition of HFMA’s Cost Effectiveness of Health Report includes a preview the May issue of hfm, which focuses on telehealth, a key tool for promoting value-based care CEoH. Another article explores ways to promote health equit...
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Column | Cost Effectiveness of Health
Managing observation status requires a focused and consistent effort. Inappropriate assignment of observation status is expensive for patients and hospitals alike and can impede the goal of providing patients with the right care at the righ...
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Column | Cost Effectiveness of Health
U.S. health systems’ rely on centralized, high-cost platforms (e.g., hospitals) to deliver routine care in an approach focused on optimizing revenues under fee-for-service payment. Yet this approach is inefficient and asset-heavy. To build ...
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Article | Cost Effectiveness of Health
If our nation is to achieve true cost effectiveness of health, virtual healthcare must play a pivotal role. In this preview of the May 2022 hfm cover story, two health system leaders share lessons learned from their efforts to develop effec...
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How To | Cost Effectiveness of Health
COVID-19 shined a bright light on disparities in access to care and health outcomes that existed in the U.S. healthcare system long before the pandemic, but far from improving the situation, it has exacerbated those disparities. Now, health...
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How To | Cost Effectiveness of Health
The March 2022 edition of HFMA’s Cost Effectiveness of Health Report addresses a key prerequisite to achieving cost-effectiveness: engaged caregivers. A preview of the April 2022 hfm cover story details how one health system has responded t...
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Article | Cost Effectiveness of Health
HFMA produced a four-part series looking at different aspects of healthcare and how they might change in the 2020s. The four parts were the CFO of the Future, Workforce of the Future, the Future of Consumer Expectations and the Future of St...
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Q&A | Cost Effectiveness of Health
Judy Kuriansky, PhD, a professor of psychology, NGO representative to United Nations and trustee of the United African Congress, shares her insights and experiences from working to improve healthcare equity and access among populations in t...
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Column | Cost Effectiveness of Health
Affording greater freedom to physicians to practice medicine by easing administrative strictures on them may be the best strategy for ultimately promoting cost effectiveness of health, says Martin Bluth. But physicians also should be well e...
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Column | Cost Effectiveness of Health
Clinical care only accounts for 20% of health outcomes, yet this area is where America disproportionately invests its healthcare resources. To overcome U.S. healthcare’s services-need mismatch, there should be a greater investment in health...
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Column | Cost Effectiveness of Health
The primary care physician’s office has a pivotal role to play in efforts of hospitals, payers and other healthcare stakeholders to transition healthcare payment to arrangements that reward providers for the value of the care they provide. ...
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Article | Waste Reduction
To address the healthcare industry’s challenges in waste, cost of care and inefficient data usage, one company discusses its support system to assist in decision support and for understanding cost and margins.
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Column | Cost Effectiveness of Health
HFMA President and CEO Joe Fifer addresses the urgency of making the shift toward cost effectiveness of health.
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Column | Cost Effectiveness of Health
Good nutrition remains elusive for many Americans because they face obstacles in being able to make healthy choices. These “elephants in the room” can only be addressed by policymakers, with the engagement of healthcare and other sectors ...
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Column | Cost Effectiveness of Health
In normal markets, demand for services at given prices drives supply. Healthcare reverses the equation so demand for services is driven by the supply of healthcare facilities and practitioners, says hfm columnist David Johnson. In this seco...
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Q&A | Cost Effectiveness of Health
The economic and social impacts from deferred healthcare due to COVID-19 were already a major concern in the pandemic’s first year, portending severe declines in health status for Americans who stopped seeking care for fear of exposure to t...
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Article | Cost Effectiveness of Health
Business risk for health systems has continued to evolve amid huge changes affecting the industry, including those driven by COVID-19. Health system leaders should respond by revisiting their approach to enterprise risk management (ERM) to ...
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Column | Cost Effectiveness of Health
The nation’s hospitals, health systems and physician groups closed the second year of the COVID-19 pandemic amid ballooning expenses exacerbated by nationwide labor shortages and global supply chain challenges.
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Research & Reports | Cost Effectiveness of Health
A report from HFMA's 14th annual Thought Leadership Retreat.
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Article | Cost Effectiveness of Health
HFMA is moving forward with a global effort focused on the concept of cost effectiveness of health (CEoH), with the goal for promoting development of a system for care that is needed, accessible and affordable. A key message of this effort ...
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How To | Cost Effectiveness of Health
The January 2022 edition of HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, explores key tactics successful independent community hospitals use to help them sustain their mission to the communities they serve. Also in...
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How To | Cost Effectiveness of Health
Independent community hospital face threats to their survival, and they need to take deliberate action to address those threats in order to continue to deliver essential care cost effectively to their communities. Leading community hospital...
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Column | Cost Effectiveness of Health
The relentless organizational imperative under which nonprofit healthcare providers operate to optimize revenues under fee-for-service medicine has led to fragmented care delivery, unsustainable cost growth and severed connections with Amer...
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Column | Cost Effectiveness of Health
Healthcare provider organizations should prepare for an emerging new phase in the evolution of healthcare partnerships, characterized by an increasingly diverse array of choices among care sites and settings for consumers, health plans and ...
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How To | Cost Effectiveness of Health
The December HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, leads off with the fourth and final report for 2021 in HFMA’s Healthcare 2030 series, focused on the long-term direction of strategic investment for hospita...
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Podcast | Cost Effectiveness of Health
HFMA President and CEO Joe Fifer interviews Paul Keckley, managing editor of The Keckley Report and author of an upcoming column in hfm magazine about the economy and healthcare spending, public health and the pandemic, and the cost effecti...
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How To | Cost Effectiveness of Health
To maintain a high-quality workforce, hospitals and health systems must take deliberate steps to address common pitfalls in the recruiting process and to adopt proven strategies for enhancing retention.
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How To | Cost Effectiveness of Health
The COVID-19 pandemic has heightened the need for U.S. health systems to gain physician cooperation in documenting and coding patient risk. Yet these organizations also should be mindful of the administrative burden many physicians feel fro...
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Column | Cost Effectiveness of Health
In the past year, Americans have witnessed two extremes of the FDA’s accelerated approval process, exposing both profound strengths and worrisome weaknesses. Finance leaders should keep informed about new drug treatment options, their assoc...
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Column | Cost Effectiveness of Health
Increasing health expenditures and the pressures of the recent pandemic have contributed to the development of a new type of center of excellence (COE), called the future-state COE, which is designed to better address the needs of large emp...
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Article | Cost Effectiveness of Health
Hospitals’ role in healthcare is poised to shrink in the coming years, triggering a need for self-evaluation and reflection on how to adapt to the predicted changes.
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News | Cost Effectiveness of Health
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: America’s most cost-effective hospitals are identified, employers have boosted telemedicine and mental health benefits during the pandemic, a...
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Q&A | Cost Effectiveness of Health
Two healthcare leaders describe a new model of geriatric care being developed in Southern California and the Southwest, designed to deliver a full range of primary care services to seniors in their homes. This model may set the stage for th...
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How To | Cost Effectiveness of Health
The November HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, features stories that explore the growing trend toward delivery of healthcare at home, as reflected in CMS’s Acute Hospital Care at Home waiver and a unique...
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Column | Cost Effectiveness of Health
Supply chain disruptions, labor shortages and rising expense costs caused by the COVID-19 pandemic continues to efforts of the nation’s hospitals and health systems to improve their performance, a Kaufman Hall survey found.
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How To | Cost Effectiveness of Health
Healthcare organizations can best prepare for an anticipated labor shortage and other workforce challenges by adopting a holistic and proactive approach to human capital management as a discipline, with the goal of promoting greater employe...
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Article | Cost Effectiveness of Health
Two leaders of health system hospital-at-home programs describe how the acute hospital care at home model represents an important change in how our nation approaches healthcare delivery, because it has been shown to yield improved care outc...
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Article | Cost Effectiveness of Health
An outsider-led restructuring of the healthcare operating model is seemingly inevitable by 2030, with some CFOs getting ready now.
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Column | Cost Effectiveness of Health
When health systems consider using real estate as an incentive in a physician affiliation strategy, they must decide early whether to create physician owners or renters. Strategic considerations will differ significantly depending on the pa...
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Q&A | Cost Effectiveness of Health
If we are to effectively address the huge cost challenges facing the U.S. health system, we must begin to better address the cost effectiveness of health, says Todd Nelson, HFMA’s director of professional practice and partner relationships....
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How To | Cost Effectiveness of Health
The October HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, presents Part 2 HFMA’s of Healthcare 2030, which examines workforce challenges facing healthcare organizations and the types of response that will be require...
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News | Cost Effectiveness of Health
In a recent study, a large group of patients with medically complex chronic conditions were referred to and seen at an Indianapolis-based outpatient critical care transition clinic saw fewer posthospital inpatient admissions and realized de...
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Trend | Cost Effectiveness of Health
Improved interoperability in healthcare data exchange has been one byproduct of the COVID-19 pandemic that may ultimately help improve the delivery of care — as well as its cost effectiveness — in the United States.
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News | Cost Effectiveness of Health
The head of the Center for Medicare & Medicaid Innovation spoke with an HFMA audience about the importance of efforts at the federal level and beyond to improve the cost effectiveness of health.
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Article | Cost Effectiveness of Health
The rules of engagement are changing for the healthcare workforce in multiple ways. Industry experts anticipate that younger generations are going to exert their will more strongly in the workplace, that employers will ramp up their efforts...
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How To | Cost Effectiveness of Health
HFMA’s Cost Effectiveness of Health Report, sponsored by Kaufman Hall, is a monthly e-newsletter that will explore ways to ensure healthcare delivery in the United States is not only financially sustainable but also cost effective for all o...
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Article | Cost Effectiveness of Health
Editor's Note for Cost Effectiveness of Health Report.
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Article | Cost Effectiveness of Health
Despite the havoc the COVID-19 pandemic created for hospitals, it also created an opportunity for many important lessons learned on how care can be delivered more efficiently and cost effectively in patients’ homes.
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Case Study | Cost Effectiveness of Health
Two large Catholic health systems — Bons Secours Health System and Mercy Health — initiated a merger in 2018 as a strategy for delivering more cost-effective care to underserved communities amid continued cost pressures and declining paymen...
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Q&A | Cost Effectiveness of Health
Achieving cost effectiveness of health in the United States is a challenge not only for stakeholders within our nation’s healthcare system but also for our society, says Jeff Goldsmith, PhD, president of Health Futures Inc.
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How To | Cost Effectiveness of Health
As the likelihood of site-neutral payments increases over a range of services, hospitals and health systems must understand which services are most at risk from these changes and determine how quickly they will respond.
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News | Cost Effectiveness of Health
HFMA President and CEO Joe Fifer participated in an international summit that included a session on bolstering health through appropriate investment strategies.
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How To | Cost Effectiveness of Health
The August 2021 issue of the Financial Sustainability Report, sponsored by Kaufman Hall, explores the impacts of COVID-19 on hospital cost reporting and financial statements, and why a hospital’s future payment levels may depend on its due ...
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Column | Cost Effectiveness of Health
Physician groups across the country saw productivity and revenue improvements in the second quarter of 2021 compared with both the same period in 2020 and pre-pandemic levels seen in Q4 2019, according to Kaufman Hall’s latest Physician Fla...
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How To | Cost Effectiveness of Health
The changes due to the COVID-19 pandemic that hospitals must report in their annual cost reports will be pervasive throughout the reported data. Given that CMS and some state agencies use cost reports i9nformation to establish future rates,...
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How To | Cost Effectiveness of Health
Analyzing a health system’s financial performance is critical when making business decisions for the organization, but performing such an analysis is far from being straightforward for 2020 and 2021.
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How To | Cost Effectiveness of Health
The July 2021 issue of the Financial Sustainability Report, sponsored by Kaufman Hall, includes an account of how one health system assessed the benefits and risk associated with moving its 340B covered-entity pharmacy enterprise to a Limi...
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Column | Cost Effectiveness of Health
Although the CMS Acute Hospital Care at Home program is still early in its development in the U.S., early adopters show evidence of the program’s exciting promise, including positive impacts on health outcomes, an improved patient and provi...
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How To | Cost Effectiveness of Health
University of Utah Hospitals and Clinics (UUHC) in Salt Lake City performed research to assess the feasibility of moving its 340B covered-entity pharmacy enterprise to a Limited Liability Corporation (LLC), with a focus on risks that should...
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Blog | Cost Effectiveness of Health
The latest financial data from the hospital sector paints a picture of a continuing recovery from the depths of the pandemic.
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How To | Cost Effectiveness of Health
This June issue of the Financial Sustainability Report, sponsored by Kaufman Hall, leads off with results of HFMA’s recent report examining the evolving role of the healthcare CFO over the next decade. Two features also examine steps health...
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Column | Cost Effectiveness of Health
As revenue from inpatient care continues to decline as a percentage of total revenue, health system leaders should acknowledge the pivotal role physicians play in bringing patients into their systems.
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How To | Cost Effectiveness of Health
By adopting four models for optimizing costs, care delivery, the continuum of care and contracts under risk-based payment, health systems can create an integrated framework for guiding their value-focused strategy and focusing their efforts...
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How To | Cost Effectiveness of Health
Administering contracts is a core activity for healthcare organizations, given that contracts collectively reflect the organization’s business obligations, including all assets, relationships and terms it is required to manage. It therefore...
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Article | Cost Effectiveness of Health
The COVID-19 pandemic has renewed many health systems’ interest in pursuing population health initiatives. Yet success with such initiatives will remain elusive if they do not address two common barriers to success: lack of aligned incentiv...
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Article | Cost Effectiveness of Health
There’s a sign next to Bashar Naser’s computer monitor that says, “Dream Big,” and this is exactly what he has done during the past seven years as CFO and COO of Gerald Champion Regional Medical Center (GCRMC) in Alamogordo, New Mexico. The...
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How To | Cost Effectiveness of Health
The May Financial Sustainability Report, sponsored by Kaufman Hall, describes a new method for compensating physicians that better accounts for each organization’s unique circumstances. It also includes guidance for finance and clinical lea...
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