White Paper | Awareness | Operations Management
Ernst & Young LLP surveyed 10 health systems and conducted interviews with these organizations’ chief financial officers about the most striking financial, operational and strategic impacts of the COVID-19 pandemic. While some were short-te...
Save
White Paper | Awareness | Operations Management
Ernst & Young LLP surveyed 10 health systems and conducted interviews with these organizations’ chief financial officers about the most striking financial, operational and strategic impacts of the COVID-19 pandemic. While some were short-te...
Save
Column | Operations Management
HFMA President and CEO Joe Fifer discusses the need for hospitals and health systems to diversify the generic drug supply chain.
Save
White Paper | Awareness | Operations Management
Ernst & Young LLP surveyed 10 health systems and conducted interviews with these organizations’ chief financial officers about the most striking financial, operational and strategic impacts of the COVID-19 pandemic. While some were short-te...
Save
White Paper | Awareness | Operations Management
Ernst & Young LLP surveyed 10 health systems and conducted interviews with these organizations’ chief financial officers about the most striking financial, operational and strategic impacts of the COVID-19 pandemic. While some were short-te...
Save
Blog | Quality Measures
For all diagnoses across payers, researchers reported a 30-day readmission rate of 14% and an average cost per readmission of $15,200.
Save
News | Care Process Redesign
A Medicare waiver issued in late 2020 has spurred more health systems to implement home-care programs for acute conditions.
Save
Column | Operations Management
HFMA President and CEO Joe Fifer discusses the need for hospitals and health systems to diversify the generic drug supply chain.
Save
Research & Reports | Cost Reduction
According to a survey, healthcare organizations that discuss cost reduction with clinicians more often are better prepared to achieve cost-reduction goals. Find out what approaches can restore trust for a better bottom line in this research...
Save
Column | Service Line Management
Healthcare finance leaders need to rethink the value of the clinical laboratory in terms of revenue potential.
Save
How To | Labor Cost Management
Scheduling analytics can help organizations match the demand of each clinical area to the available physician supply while managing staff capacity to achieve strategic goals.
Save
Blog | Behavioral Health
Utilization for many services plummeted during a large part of 2020, and the biggest impact was seen in services for mental health and substance-use disorders.
Save
Blog | Quality Measures
CMS released its 2021 list of hospital star ratings on the Care Compare website, providing consumers with indications of a hospital’s quality based on a five-star scale.
Save
News | Behavioral Health
Enhanced network adequacy standards, value-based payment models and targeted investments in technology are vital to improving behavioral healthcare in a way that will meet escalating needs.
Save
Blog | Care Management
HHS announced a $150 million investment to make available monoclonal antibody therapeutic treatments for patients in vulnerable communities nationwide.
Save
News | Productivity and Process Improvement
Healthcare News of Note for healthcare finance professionals is a roundup of articles from the past week, including hospitals’ loss of revenue from halting elective surgeries, what healthcare providers want Biden to focus on and a new surve...
Save
Executive Roundtable | Cost Reduction
In this sponsored roundtable, four healthcare revenue cycle leaders share strategies they followed to improve performance of their health systems and hospitals to financially recover from COVID-19.
Save
Article | Care Process Redesign
Investing in technology that helps prevent costly hospital-acquired pressure injuries can result in significant cost savings for hospitals.
Save
Column | Productivity and Process Improvement
Do you want to know what your parents are thinking? Try asking them.
Save
Podcast | Productivity and Process Improvement
Kevin Coppins, president at CEO of Spirion, discusses how to keep data safe when working remotely. Also, five keys to look for when selecting an A/P finance solution for supplier payments from sponsor GHX ePay.
Save
Case Study | Cost Reduction
Three organizations share their approaches and results from case studies they presented at the HFMA Digital Annual Conference around solutions driving improved operational and revenue cycle performance in healthcare.
Save
Executive Roundtable | Supply Chain Management
Takeaway key lessons from a panel of executives who discuss how the first wave of COVID-19 impacted the acquisition and management of essential equipment and supplies.
Save
Trend | Supply Chain Management
In response to the COVID-19 pandemic, healthcare supply chain leaders are considering new approaches to sourcing, inventory management, analytics and technology.
Save
Trend | Labor Cost Management
The pandemic forced aggressive hospital cost controls to offset a historic revenue collapse. Labor cost control was key to that response and could see long-term implications.
Save
Column | Care Management
Children have a unique power to integrate their realities in ways that we adults have long forgotten. It may be time for healthcare organizations to tap into that quality children possess to promote healing.
Save
How To | Supply Chain Management
To identify and reduce the costs of physician preference items, hospitals and health systems should use a five-step process that begins with cleaning and organizing PPI cost and utilization data.
Save
How To | Practice Improvement
By examining five high-leverage areas within medical group operations, health systems can identify improvement opportunities.
Save
News | Cost Reduction
Using a framework for managing financial performance improvement across its enterprise that involved collaboration among finance, operations and clinicians, The Johns Hopkins Hospital was able to create many opportunities for costs savings ...
Save
News | Labor Cost Management
Hospitals restarted hiring in June after two months of steep job losses, but it’s unclear whether the latest resurgence of COVID-19 cases will cut off the rebound.
Save
Article | Cost Reduction
Virginia Mason Institute’s Rhonda Stewart shares how healthcare systems can reduce costs and improve patient and worker metrics by eliminating waste.
Save
Case Study | Productivity and Process Improvement
The experience of Texas Oncology in CMS’s Oncology Care Model shows how provider organizations can use change management processes to lay the foundation for success in new care delivery models.
Save
Case Study | Care Management
Orlando Health in central Florida offers a case example of how to effectively manage patients in observation status to reduce average length of stay for these patients, thereby, freeing up capacity for care of patients with higher-acuity co...
Save
Column | Productivity and Process Improvement
Leaders face the challenge of establishing a safe and productive office environment as healthcare administrative offices ramp back up following the peak of the COVID-19 pandemic.
Save
Q&A | Costing Managerial Accounting
To ensure their organizations get a fair share of the billions of dollars in reimbursement and grants available to healthcare providers during COVID-19, finance leaders need a plan for accurately capturing costs.
Save
Trend | Care Process Redesign
The U.S. healthcare system will thrive if leaders and policymakers take steps to promote holistic care and better access, says David Shulkin, MD, former secretary of the Department of Veterans Affairs.
Save
How To | Supply Chain Management
To improve cost performance around physician preference items, hospitals must address challenges posed by the sheer volume of supplies and cost transparency, among others.
Save
How To | Supply Chain Management
Gainsharing and co-management are two strategies hospitals and health systems can employ to effectively engage physicians in organizational efforts to manage costs of physician preference items.
Save
News | Costing Managerial Accounting
Although many healthcare organizations say they have achieved middling results in their cost accounting efforts, that could improve through widespread adoption of approaches identified as most effective.
Save
News | Supply Chain Management
Hospitals may be feeling desperate as they scramble to address the COVID-19 pandemic, but supply chain managers and finance leaders can take several steps to mitigate shortages.
Save
News | Care Management
State and federal inspections of hospitals will focus on locales where the CDC anticipates COVID-19 outbreaks.
Save
Trend | Cost Reduction
A survey of provider executives about corporate services spending, expense reduction, and technology optimization trends.
Save
Trend | Operations Management
Evidence shows improved collaboration between clinical pharmacists and prescribing physicians can help mitigate problems with selection, adherence and overutilization of pharmaceuticals, which cost the nation hundreds of billions of dollars...
Save
Case Study | Productivity and Process Improvement
Philadelphia-based Main Line Health attributes the success of its Performance Excellence 2020 initiative in large part to the conceptual framework it used to design and implement the initiative.
Save
News | Care Management
Health system processes — not just physician practice patterns — can create obstacles to eliminating low-value care, value-based payment advocates have found.
Save
News | Cost Reduction
A health plan alliance with hospitals aims to produce generic drug alternatives that will save consumers “hundreds of millions” of dollars.
Save
Trendsetter | Cost Reduction
A transformative healthcare company outlines some conventional and unusual strategies for streamlining purchased services spend to expand margins and drive revenue.
Save
Blog | Care Management
The pairing of precision medicine and care management have the potential to significantly reduce spend and improve patient outcomes.
Save
Trend | Care Process Redesign
A home-centered strategy can help manage costs under value-based payment structures, increase patient satisfaction and manage total cost of care.
Save
Case Study | Quality Improvement
A program that sends underserved patients at-home screening tests for colorectal cancer is paying off for Dell Medical School in Austin.
Save
Trend | Cost Reduction
Healthcare spending in 2017 grew at a similar pace to the 2008 to 2013 timeframe, just prior to coverage expansion.
Save
Q&A | Cost Reduction
Finance leaders at Houston Methodist are true partners with clinicians, the hospital’s chief medical information officer said. They help validate the cost savings achieved through clinicians’ work to reduce variation.
Save
How To | Cost Reduction
Health plans can help control the cost of specialty drugs by communicating with providers about appropriate treatments, integrating coordination of pharmacy and medical benefits and implementing fixed-price models.
Save
Trend | Operations Management
Data Trends: CMS data in the Medicare Provider Analysis and Review file indicates U.S. hospitals' average loss per admission increased 5% from 2016 to 2018.
Save
Column | Productivity and Process Improvement
Innovative thinking should create the right connection between a healthcare organization's technological capabilities and its processes.
Save
Trend | Care Management
An HFMA survey of healthcare finance leaders found varying approaches to care coordination payment mechanisms, infrastructures and strategies for generating an ROI.
Save
Article | Operations Management
Web special: Healthcare finance leaders should be aware of care protocols that can improve patient outcomes and satisfaction while reducing costs, particularly in high-cost services lines. One such protocol is the use of transradial access ...
Save
Research & Reports | Operations Management
Results of a recent survey, in which hospital and health system leaders described areas where their organizations have the greatest need for performance improvement, point to four key strategic areas of focus for these leaders.
Save
Trend | Cost Reduction
The October issue features articles on addressing the SDOH impact on readmissions, valuating the cost benefit of medical technology, reducing healthcare-associated infections and assessing clinical costs.
Save
Trend | Cost Reduction
Lack of access to mental health services results in patients with psychiatric service needs relying on ED visits, which can range from $1,198 to $2,264.
Save
How To | Cost Reduction
Costs associated with the physician enterprise are a significant driver of patient care costs and service line profitability. Health systems’ need for accurate and trusted physician cost data has only intensified.
Save
How To | Cost Reduction
Keeping an eye on labor costs, contractual concessions and diner reviews allows hospitals and health systems to offer high-quality patient, visitor and staff experience at efficient pricing.
Save
Q&A | Cost Reduction
Finance leaders can ensure their organizations have the appropriate resources to combat healthcare-associated infections, said Susan Bleasdale, MD, of UI Health.
Save
How To | Cost Reduction
As value-based payment and risk-bearing contracts become more prevalent, hospital leaders will be incentivized to incorporate methods that provide increased transparency and evidence into whether a technology improves patient outcomes at th...
Save
How To | Labor Cost Management
Understanding future needs and eliminating non-value activities are two key components to reducing costs and building a quality workforce.
Save
Blog | Cost Reduction
A discussion about the challenges of achieving cost savings by rationalizing care delivery assets, post-merger.
Save
Trend | Care Process Redesign
Several payer-provider collaborations launched in Massachusetts seek to better manage Medicaid risk by including behavioral health resources, among other services.
Save
Trend | Care Process Redesign
The dual risk of physician and mental health conditions often compound the cost of care. In fact, people with a combination of medical and behavioral issues have medical costs that are two times higher than the general population.
Save
How To | Supply Chain Management
A hospital or health system that wants the best possible client service from its supply chain must provide resources — including staff, technology and tools — as well as opportunities to collaborate on decision-making that will position the...
Save
How To | Productivity and Process Improvement
Maintaining pharmacy revenue integrity requires the availability of accurate, longitudinal data; physicians who understand how their prescribing decisions affect revenue integrity; and technology that delivers information in real-time.
Save
Trend | Cost Reduction
The excess medical cost per person with diabetes grew by 14% from $8,417 to $9,601 in 2017.
Save
How To | Cost Reduction
Monitoring and sharing vendor contract terms will ensure that time and money invested in negotiations is not wasted and that your organization realizes agreed upon prices for goods and services.
Save
Q&A | Cost Reduction
Organizations that don’t use NPs and PAs as primary care providers for complex patients are missing an opportunity to maintain good outcomes and potentially reduce costs, says Perri Morgan of Duke University School of Medicine.
Save
Blog | Quality Improvement
A review of the potential for the American College of Surgeon’s new surgical standards to improve value for older adults.
Save
News | Labor Cost Management
Hospitals reduced positions in July, marking the first employment drop since 2017.
Save
How To | Care Process Redesign
Healthcare organizations should use the concept of design thinking as an approach to problem solving, placing innovations in a larger, multidimensional context.
Save
Article | Service Line Management
It makes good business sense for health systems to make outpatient physical therapy a priority given the payment landscape for such services and the value they can provide.
Save
Case Study | Care Process Redesign
Through a holistic program that addresses senior patients’ psychological, social and physical health, a provider is successfully treating loneliness and improving outcomes.
Save
Trend | Care Management
Care management for Medicare patients accounted for more than half of the shared savings in a study of three accountable care organizations.
Save
How To | Utilization Management
Utilization review should work as part of a productive whole, alongside many other areas, says a former Cleveland Clinic finance executive. The function can report to finance, administration, operations, and even patient experience.
Save
Podcast | Productivity and Process Improvement
Melissa Harvey of the National Healthcare Preparedness Program and Charles Reneau of the Center for Domestic Preparedness discuss how hospitals can better prepare for natural and man-made disasters, plus a special appearance from amateur we...
Save
Article | Labor Cost Management
An innovative workforce solutions company details how its array of staff and technology options help healthcare organizations address workforce challenges and improve patient care quality and efficiency.
Save
Article | Operations Management
The utilization review and denials management functions play an important role at each transition phase in the acute care process in helping hospitals reduce patients' length of stay in acute care.
Save
Article | Operations Management
As the patient population requiring long-term care (LTC) continues to grow, the success of LTC facilities will depend on their ability to turn payment challenges into opportunities, in part by steering clear of false beliefs and implement...
Save
Case Study | Operations Management
Penn-Presbyterian Medical Center reduced its cost for anesthesia medications by creating a dashboard to assess usage patterns and using a change management process to encourage providers to embrace improvement opportunities.
Save
Article | Operations Management
Two leaders from hospitals that suffered losses from natural disasters share the steps they took to avert similar losses in the future.
Save
Article | Operations Management
The basic structure of PPMC's medication dashboard can be easily replicated by other hospitals and health systems.
Save
Article | Operations Management
Former hospital CFO Ed Tucker shares a disaster preparedness budget model he created after Hurricane Katrina.
Save
Article | Operations Management
Hospitals can derive multiple operating and financial benefits from focusing care improvement efforts on reducing patients' length of stay in acute care.
Save
Article | Operations Management
Hospitals facing an imminent disaster should make five calls to ensure it is fully prepared for the event's impact.
Save
News | Ambulatory Care
Successful ambulatory care transitions require a focus on consumer-centric needs and a strong investment strategy, according to a workshop presented at HFMA’s 2019 Annual Conference.
Save
Case Study | Care Process Redesign
Avera Health has managed to seamlessly integrate clinical and operational processes across its system by focusing on collaboration and enhanced communication.
Save
Case Study | Productivity and Process Improvement
UCHealth has achieved rapid integration among acquired facilities by establishing a uniform IT platform while allowing for flexibility.
Save
How To | Productivity and Process Improvement
A Mount Sinai emergency department physician’s work with data analytics demonstrates how bringing together clinical and revenue cycle information can bridge gaps and solve payment problems.
Save
Trend | Productivity and Process Improvement
The conference offers customized cohort sessions and keynote speakers focused on innovation.
Save
Trend | Supply Chain Management
The main influencers in supply chain management decisions are supply chain leaders and the CFO.
Save
Trend | Labor Cost Management
Hospitals and health systems can use the insights from modeling exercises to calculate the impact of everything from changes to weekend staffing schedules to the creation of new float pools.
Save
How To | Cost Reduction
When patients are able to afford their medications, they are also more likely to take those medications as prescribed, thereby avoiding costly hospitalizations and ED visits. Lower costs in this way helps healthcare providers achieve succes...
Save
How To | Cost Reduction
Learn about clinical cost reduction strategies and examples.
Save
Blog | Supply Chain Management
Applying the principles of high-reliability organizations to the healthcare supply chain is a key step in enhancing overall quality.
Save
Case Study | Cost Reduction
One healthcare provider recognized that it would be impossible to make a material impact on clinical costs without also addressing related areas such as operational expenses and revenue cycle optimization.
Save
Q&A | Cost Reduction
Just one lab utilization initiative can have a massive financial impact, says Andrew Cousin of Mayo Clinic Laboratories. Don’t be so overwhelmed by the scope that you do not take that first small step.
Save
How To | Operations Management
Specialty physician practices embarking on value-based care initiatives should start by expanding their ability to collect and synchronize data.
Save
Blog | Cost Reduction
Walmart’s venture into healthcare cost savings for its employees has wide-ranging potential financial impacts for hospitals and health systems.
Save

Healthcare cost containment, productivity and quality improvement.