Healthcare Financial Management

Virtual Government Payors Webinar Series: Part 2 | 8/31/2020

MHA in conjunction with the North Carolina Healthcare Association and the North Carolina Chapter of Healthcare Financial Management Association is hosting a Virtual Government Payors 2-Part Webinar Series. These webinars will update providers on the latest Medicare legislative and proposed regulatory changes under consideration by both Congress and the Administration for fiscal year 2021 and beyond, and provide a forum to address Medicare reimbursement and audit issues, Medicare bad …

Baton Rouge, New Orleans Area Business People Aug 30, 2020 | Business | 8/30/2020

… oversight of payroll systems, financial and accounting services, and business operations and planning. She was chief financial officer for Champion Management LLC in Baton Rouge and has more than 16 years of experience in healthcare financial management . Stafford earned his Masters in Business Administration from the University of Phoenix. Larrysa McAllister , a product integrity consultant at ExxonMobil Port Allen Lubricants / Aviation Plant , was named Toastmaters District 68 Division Director of …

Follow Healthcare Financial Management:    

Patient Dumping free essay sample | 8/21/2020

… an upsetting pattern among clinic crisis rooms that either decline to treat or move patients who can’t pay for clinical administrations. Reference: Anti-dumping law flashes a yellow light on crisis cases persistent dumping Healthcare Financial Management , March, 1991 by Lawrence A. Laddaga, Jeffrey A. Haynes If you work in a clinic that gives crisis servicesâ€whether or not you work in the EDâ€you must be comfortable …

BKD CPAs & Advisors Names New Managing Partner for Arkansas | PRWeb | 8/19/2020

… Little Rock, where she previously served as chair of the board and co-chaired the 2019 Chocolate Fantasy Ball. Susan has also served as the Arkansas chapter president and then regional executive for the Healthcare Financial Management Association. “Susan’s demonstrated success in growing and managing BKD’s local health care practice and developing innovative solutions for those clients will translate well to the overall Arkansas practice. Ryan has been an outstanding …

How Radiology Practices Can Recover Their Lost Revenue During COVID-19 | 8/19/2020

… this pandemic, as many practices have lost 50%-70% of their imaging volumes. Many industry advisors also say a sharp increase in revenue is unlikely in the second half of 2020. According to an Healthcare Financial Management Association survey , 89% of 174 hospital and health system executives believe their organizations’ revenues will be lower at the end of 2020 compared to pre-pandemic levels. Almost two-thirds of the same …

The Healthcare Financial Management Association Recognizes Seema Verma for Contributions to Healthcare | Globe Newswire | 8/12/2020

Washington, D.C., The Healthcare Financial Management Association (HFMA) on August 12 presented its highest individual achievement award to Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma during HFMA’s digital annual conference . HFMA chose Administrator Verma as its 2020 recipient of the Richard L. Clarke Board of Directors Award in recognition of her outstanding contributions to healthcare in a role that involves oversight of a $1 trillion budget, representing 26 …

The Healthcare Financial Management Association Recognizes Seema Verma for Contributions to … | 8/12/2020

Tweet Washington, D.C., Aug. 12, 2020 (GLOBE NEWSWIRE) Washington, D.C., Aug. 12, 2020 (GLOBE NEWSWIRE) – The Healthcare Financial Management Association (HFMA) on August 12 presented its highest individual achievement award to Centers for Medicare & Medicaid Services (CMS) Administrator Seema Verma during HFMA’s digital annual conference . HFMA chose Administrator Verma as its 2020 recipient of the Richard L. Clarke Board of Directors Award in recognition of her outstanding contributions to healthcare …

Tax considerations in selling a medical practice in today’s market | Crain’s New York Business | 8/10/2020

… noted above has been the deep and widespread impact of the coronavirus pandemic. Patient volumes have declined precipitously, while patient demand for comprehensive telehealth and other virtual health options has skyrocketed. According to the Healthcare Financial Management Association’s (HFMA) Health Care 2020 Report, M&A growth for medical practices has surged in the past few years and will stay strong in 2020. While M&A activity in the first and …

Health systems need to be flexible to recoup lost finances, experts say | Healthcare Finance | 8/7/2020

… pandemic has created tremendous financial turmoil. The strategy that more than 70% of hospitals and health systems are turning to is embracing telehealth and other digital approaches, according to a survey conducted by the Healthcare Financial Management Association. HIMSS20 Digital Learn on-demand, earn credit, find products and solutions. Get Started WHAT’S THE IMPACT: WHAT HEALTH SYSTEMS CAN DO TO RECOUP LOST REVENUE “Telehealth is an area that, in some …

Industry Voices—6 ways the pandemic will remake health systems | 8/6/2020

… June, COVID-19 will have delivered an estimated $200 billion blow to these institutions with the bulk of losses stemming from cancelled elective and nonelective surgeries, according to the American Hospital Association . A recent Healthcare Financial Management Association (HFMA)/Guidehouse COVID-19 survey suggests these patient volumes will be slow to return, with half of provider executive respondents anticipating it will take through the end of the year or longer …

State Renews HFMA Peer Review Designation | Globe Newswire | 7/30/2020

July 30, 2020 10:00 ET Source: Healthcare Financial Management Association State Renews HFMA Peer Review Designation Chicago, July 30, 2020 (GLOBE NEWSWIRE) – The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, State has once again achieved the “Peer Reviewed by HFMA ® ” designation for its Healthcare Bad Debt Recovery service. In addition to its Peer Reviewed Bad Debt Recovery service, State also assists healthcare organizations with services spanning …

TruBridge Receives HFMA Peer Review Designation | Globe Newswire | 7/28/2020

July 28, 2020 10:00 ET Source: Healthcare Financial Management Association Chicago, July 28, TruBridge Receives HFMA Peer Review Designation The Healthcare Financial Management Association (HFMA) recently reviewed TruBridge’s Accounts Receivable Management Service using the Peer Review process. After undergoing the rigorous review, the TruBridge Accounts Receivable Management Service (ARMS) has been awarded the “Peer Reviewed by HFMA ® “ designation. In conjunction with the cloud hosted TruBridge revenue cycle management product suite …

Telehealth Post COVID-19 | 7/25/2020

… spend could transition to telehealth. [2] The study also indicated that consumers were significantly more likely to use telehealth going forward, and providers view telehealth more favorably than they did before COVID-19. The Healthcare Financial Management Association recently published an article in which a physician stated that by using telehealth, he believes he/she could reduce his/her in-office days to two per week. [3] It’s easy to …

Thought Industries Continues 2020 Momentum with Record Growth in the Second Quarter | PR Newswire | 7/23/2020

… July 23, 2020 /PRNewswire/ – Thought Industries , the world’s leading B2B customer training platform provider, delivered record growth in Q2 2020 which ended June 30 . New enterprise customers such as CoreLogic, AttackIQ, Amplitude, ITI and Healthcare Financial Management Association (HFMA) selected Thought Industries’ eLearning technology to create compelling learning experiences and scale their global, high-margin customer education operations. “As demand for virtual events and continuous learning opportunities increases across the …

7 finance execs reply: What revenue cycle change worked? | Becker’s Hospital Review | 7/21/2020

In June, the Healthcare Financial Management Association named the winners of its annual 2020 MAP Award for High Performance in Revenue Cycle. To better understand the steps these hospitals took to raise their revenue cycle processes above industry standards, Becker’s Hospital Review asked finance leaders at seven of the winning organizations: What’s one example of a recent revenue cycle initiative that has led to direct improvements? Here are their answers …

3 Ways Finance Teams Impact Their Healthcare Organizations | 7/21/2020

… care they are able to give. To provide the most effective and efficient level of care, the office of finance must ensure their financial processes are as proficient as the caregivers they sustain. Proper healthcare financial management builds revenue to support hiring in order to handle patient increases and keeps the board informed of the organization’s financial stability. Finance Processes Directly Affect Quality of Care The United States’ population is …

The Leukemia & Lymphoma Society Announces Board of Directors Officer Appointments and Welcomes Four New Members | PR Newswire | 7/20/2020

… of Boca Raton Regional Hospital, and is the Chairman of the Board of Catholic Health Services, the largest provider of post-acute healthcare services in Florida . He is the past national chair of the Healthcare Financial Management Association, with more than 40,000 members and 68 chapters. Lawson is retained by Navigant, Inc., as a National Advisor. He earned a bachelor’s degree in science from the University of Colorado , and a …

Healthcare Leaders Choose Voyant as Startup with Most Innovative Solution for Bending the Cost Curve | Globe Newswire | 7/1/2020

Chicago, Healthcare leaders participating in the June 26 session of the Healthcare Financial Management Association’s Digital Annual Conference voted for Voyant Diagnostics as the healthcare startup with the most innovative solution for bending the cost curve. Voyant is developing a diagnostic smart toilet platform that fully automates point-of-care urine testing. The platform expedites urine testing turnaround in high-volume settings like the emergency department, increasing patient throughput and …

Healthcare Veterans Launch AI-Driven Physician and Nurse Staffing Technology Venture, Polaris Health | PRWeb | 7/1/2020

… in-one solution that predicts provider demand volumes and produces optimal clinician schedules. Predicting provider demand has long plagued healthcare administrators focused on cost reduction activities. In fact, according to a study by the Healthcare Financial Management Association, labor expense is the number one priority for hospital CFOs seeking to reduce operating expenses. 1 Polaris Health’s solution utilizes proprietary machine learning algorithms to predict provider demand, distribute clinician resources to …

SwitchPoint Ventures Spins Out AI-Driven Health IT Startup Polaris Health | HIT Consultant | 7/1/2020

… with an all-in-one solution that predicts provider demand volumes and produces optimal clinician schedules. Predicting provider demand has long plagued healthcare administrators focused on cost reduction activities. In fact, according to a Healthcare Financial Management Association study, labor expense is the number one priority for hospital CFOs seeking to reduce operating expenses. Polaris Health Inception SwitchPoint Ventures built Polaris Health’s core technology in collaboration with PhyMed Healthcare Group …

New Directors Join Healthcare Financial Management Association Board | Globe Newswire | 6/26/2020

Chicago, June 26, The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A. Clancy, FACHE, CPC, and Matthew E. Cox, CHFP, CPA, began their terms on June 1, 2020 and will serve until May 31, 2024. Blye is executive vice president and chief financial officer at Montefiore Health System in New York, an integrated academic health system with …

Seven Ways to Turbocharge Your Practice with Physician Tools | 6/26/2020

… offer solutions right at your fingertips. Connect with colleagues to ask questions, share medical expertise and even earn CME/CE credits. Other physician tools to check out include Doximity , Sermo , and Among Doctors . The Healthcare Financial Management Association (HFMA) is a membership organization that offers tools and education to address the challenges of the U.S. healthcare system. With chapters in nearly every state, more than 56,000 healthcare leaders and professionals …

Health systems need to change how they look at waste to reduce costs, expert says | Healthcare Finance | 6/26/2020

… the senior transformation sensei at the Virginia Mason Institute. “What I want to talk about is to hopefully inspire [health systems] to think about reducing costs differently,” she said in a session at the Healthcare Financial Management Association digital Annual Conference. “Not to do the same old thing that we’ve always done… but by really having focused improvement activities that eliminate waste.” Eliminating waste can be done in any of …

Credit downgrades aren’t attributable to COVID-19 but cash flow will be a challenge | 6/25/2020

… as dire as some had feared. While there have been some downgrades this year, most of those are attributable to healthcare financial performance at the end of 2019. At a virtual session of the Healthcare Financial Management Association on Wednesday, Lisa Goldstein, associate managing director at Moody’s Investors Service , said the agency is taking a measured approach to issuing credit ratings and will “triage” these ratings based on factors such …

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt | Kaiser Health News | 6/24/2020

… cases. /p p Virginia is one of at least a dozen states that can dock residents’ income tax refunds to pay delinquent medical debts, according to Richard Gundling, a senior vice president for the Healthcare Financial Management Association, an organization for finance professionals. In Virginia, state-affiliated hospitals like the University of Virginia Medical System and Virginia Commonwealth University Health System generally first attempt to collect money owed to them …

HFMA

Tax considerations in selling a medical practice in today’s market | Crain’s New York Business | 8/10/2020

Healthcare Financial Management Association’s (HFMA) Health Care 2020 Report, M&A growth for medical practices has surged in the past few years and will stay strong in 2020. While M&A activity in the first and second quarters of 2020 has been well below expectations, it is anticipated that an even larger wave of deals will hit the industry over the next 12 months as medical practices feel the sustained …

ACA

Tax considerations in selling a medical practice in today’s market | Crain’s New York Business | 8/10/2020

Reprints Print The Affordable Care Act (ACA) passed in 2010 has brought a wave of consolidation to the medical practice industry. Driving this trend are the significant new demands placed on medical practices because of … and other virtual health options has skyrocketed. According to the Healthcare Financial Management Association’s (HFMA) Health Care 2020 Report, M&A growth for medical practices has surged in the past few years and will stay …

Electronic Health Records

Tax considerations in selling a medical practice in today’s market | Crain’s New York Business | 8/10/2020

… patients, and reduce the per capita cost of healthcare. Medical practices have been forced to make a significant investment in electronic health records and shift their reimbursement model from a fee-for-service model that … and other virtual health options has skyrocketed. According to the Healthcare Financial Management Association’s (HFMA) Health Care 2020 Report, M&A growth for medical practices has surged in the past few years and will stay …

Telehealth

Tax considerations in selling a medical practice in today’s market | Crain’s New York Business | 8/10/2020

telehealth and other virtual health options has skyrocketed. According to the Healthcare Financial Management Association’s (HFMA) Health Care 2020 Report, M&A growth for medical practices has surged in the past few years and will stay strong in 2020. While M&A activity in the first and second quarters of 2020 has been well below expectations, it is anticipated that an even larger wave of deals will hit the industry …

Medicare Advantage

Industry Voices—6 ways the pandemic will remake health systems | FierceHealthcare | 8/4/2020

… with the bulk of losses stemming from cancelled elective and nonelective surgeries, according to the American Hospital Association . A recent Healthcare Financial Management Association (HFMA)/Guidehouse COVID-19 survey suggests these patient volumes will be … Centers and just recently announced it is getting into the Medicare Advantage business. Meanwhile, Walgreens has announced it is partnering with VillageMD to provide primary care within its stores. The intent of these organizations clear …

American Hospital Association

Industry Voices—6 ways the pandemic will remake health systems | FierceHealthcare | 8/4/2020

American Hospital Association . A recent Healthcare Financial Management Association (HFMA)/Guidehouse COVID-19 survey suggests these patient volumes will be slow to return, with half of provider executive respondents anticipating it will take through the end of the year or longer to return to pre-COVID levels. Moreover, one-in-three provider executives expect to close the year with revenues at 15 percent or more below pre-pandemic levels. One …

Digital Health

Industry Voices—6 ways the pandemic will remake health systems | FierceHealthcare | 8/4/2020

… with the bulk of losses stemming from cancelled elective and nonelective surgeries, according to the American Hospital Association . A recent Healthcare Financial Management Association (HFMA)/Guidehouse COVID-19 survey suggests these patient volumes will be … a luxury. COVID has been a boon for telehealth and digital health usage and investments. Two-thirds of survey respondents anticipate using telehealth five times more than they did pre-pandemic. Yet, only one-third …

COVID-19

Industry Voices—6 ways the pandemic will remake health systems | FierceHealthcare | 8/4/2020

COVID-19 will have delivered an estimated $200 billion blow to these institutions with the bulk of losses stemming from cancelled elective and nonelective surgeries, according to the American Hospital Association . A recent Healthcare Financial Management Association (HFMA)/Guidehouse COVID-19 survey suggests these patient volumes will be slow to return, with half of provider executive respondents anticipating it will take through the end of the year or longer to …

Patient Satisfaction

State Renews HFMA Peer Review Designation | Globe Newswire | 7/30/2020

July 30, 2020 10:00 ET Source: Healthcare Financial Management Association State Renews HFMA Peer Review Designation Chicago, July 30, 2020 (GLOBE NEWSWIRE) – The Healthcare Financial Management Association (HFMA) today announced that, following rigorous review, State … validation of the value we create for providers by increasing patient satisfaction while improving net recoveries.” HFMA’s Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in …

Revenue Cycle Management

TruBridge Receives HFMA Peer Review Designation | Globe Newswire | 7/28/2020

July 28, 2020 10:00 ET Source: Healthcare Financial Management Association Chicago, July 28, TruBridge Receives HFMA Peer Review Designation The Healthcare Financial Management Association (HFMA) recently reviewed TruBridge’s Accounts Receivable Management Service using the Peer Review process. After undergoing the rigorous review, the TruBridge Accounts Receivable Management Service (ARMS) has been awarded the “Peer Reviewed by HFMA ® “ designation. In conjunction with the cloud hosted TruBridge revenue cycle management product suite …

Case Management

7 finance execs reply: What revenue cycle change worked? | Becker’s Hospital Review | 7/21/2020

In June, the Healthcare Financial Management Association named the winners of its annual 2020 MAP Award for High Performance in Revenue Cycle. To better understand the steps these hospitals took to raise their revenue cycle … pinpoint specific denial patterns and implement preventive solutions. Patient access, case management, billing, surgery and related departments, as well as facility CFOs implemented several workflow modifications to reduce precertification-related denials. An operating room scheduling …

Medicare

COVID only makes hard financial truths worse for U.S. healthcare | Modern Healthcare | 6/24/2020

Print Joseph J. Fifer is president and CEO of the Healthcare Financial Management Association. A few minutes into a routine flight departing New York City’s LaGuardia Airport in January 2009, Capt. Chesley “Sully” Sullenberger realized … that fabled flight, warning lights signaling the financial unsustainability of Medicare, and by extension that of the American healthcare system, have been flashing for years. The Medicare Hospital Insurance (HI) Trust Fund has long been …

Medicaid

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt | Kaiser Health News | 6/24/2020

… dock residents’ income tax refunds to pay delinquent medical debts, according to Richard Gundling, a senior vice president for the Healthcare Financial Management Association, an organization for finance professionals. In Virginia, state-affiliated hospitals like … that patients aren’t eligible for their financial assistance programs or Medicaid, the state-federal health insurance program for low-income people. UVA screens people routinely for financial assistance and Medicaid eligibility, according to spokesperson Eric …

Medicare Payment Advisory Commission

COVID only makes hard financial truths worse for U.S. healthcare | Modern Healthcare | 6/24/2020

Print Joseph J. Fifer is president and CEO of the Healthcare Financial Management Association. A few minutes into a routine flight departing New York City’s LaGuardia Airport in January 2009, Capt. Chesley “Sully” Sullenberger realized … the fund could become insolvent as soon as 2023. The Medicare Payment Advisory Commission estimated that keeping Medicare solvent for 25 years would require either increasing the Medicare payroll tax from 2.9% to 3.7% or …

Virginia Commonwealth University

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt | Kaiser Health News | 6/24/2020

Healthcare Financial Management Association, an organization for finance professionals. In Virginia, state-affiliated hospitals like the University of Virginia Medical System and Virginia Commonwealth University Health System generally first attempt to collect money owed to them directly or by enlisting a collection agency. /p p If those efforts fail, they send the claims to the state tax department’s a href=”https://www.tax.virginia.gov/why-was-your-refund-reduced-or-withheld-offset …

AHIP

AHIP and HFMA Work Together to Offer Billing Guidance for COVID-19 Outpatient Services at Alternate Care Sites | Globe Newswire | 6/22/2020

… AHIP) and the Healthcare Financial Management Association (HFMA) have come together to offer voluntary guidance for how care providers should code and bill COVID-19 care delivered in alternate outpatient settings. By adopting these coding practices, health systems and health insurance providers alike can improve the speed and accuracy of payment as well as reduce administrative burden, turning more resources to caring for patients. Click here to download the voluntary …

American Telemedicine Association

American Telemedicine Association, others join AVIA’s COVID-19 Resource Hub | Healthcare IT News | 5/19/2020

… during the pandemic. WHY IT MATTERS The COVID-19 Resource Hub , which is open to all U.S. hospitals, has added American Telemedicine Association Conifer Health Solutions, which focuses on revenue-cycle management, and Gensler, the … stakeholders, including the American Hospital Association, Cerner, Deloitte and the Healthcare Financial Management Association. The addition of ATA, Conifer Health and Gensler to the COVID-19 Resource Hub bring yet more voices into the mix …

HIMSS

HIMSS won’t issue refunds for canceled conference | Modern Healthcare | 4/30/2020

… in 2021 and 2022 after the organization canceled its flagship event last month because of COVID-19. In early April, HIMSS told 2020 exhibitors and sponsors, including Modern Healthcare, that it would credit 25% of … or) even relative to HIMSS.” Other associations such as the Healthcare Financial Management Association and American College of Healthcare Executives are offering full refunds upon request. “We’re in survival mode trying to make it to …

American Organization for Nursing Leadership

Nursing and Finance Groups Announce a Fellowship Program for Senior Nurse Executives | Globe Newswire | 3/11/2020

… leaders to make health care more patient-centered, cost effective, accessible and quality-driven March 11, 2020 09:00 ET Source: Healthcare Financial Management Association Washington, D.C., March 11, 2020 (GLOBE NEWSWIRE) – An innovative five-part … University in partnership with the American Nurses Association (ANA), the American Organization for Nursing Leadership (AONL) and the Healthcare Financial Management Association (HFMA). “All of us representing the Marian K. Shaughnessy Nurse Leadership Academy are …

Patient Financial Experience

Patient Financial Engagement: Essential to Hospital Goals for Pre- and Point-of-Service Payments - Healthcare Industry Analysis by Loyale Healthcare | PRWeb | 1/15/2020

… and their providers LAFAYETTE, Calif. In November of last year, the results of an informal industry poll conducted by the Healthcare Financial Management Association ( HFMA) at its Annual Meeting, were published. The survey, sponsored by … the country to enable the enterprise-wide delivery of consistent patient financial experiences. And because of its usability, patients are much more likely to serve themselves. Patients are demonstrating that, with an experience that’s as …

Population Health

Patient Financial Engagement: Essential to Hospital Goals for Pre- and Point-of-Service Payments - Healthcare Industry Analysis by Loyale Healthcare | PRWeb | 1/15/2020

… and their providers LAFAYETTE, Calif. In November of last year, the results of an informal industry poll conducted by the Healthcare Financial Management Association ( HFMA) at its Annual Meeting, were published. The survey, sponsored by … presents adverse outcomes for both providers and patients. For providers, population health initiatives are frustrated. Their mission is compromised, and their operating revenues are threatened. For patients, the decision to seek care becomes fraught with …

Patient Financial Engagement

Patient Financial Engagement: Essential to Hospital Goals for Pre- and Point-of-Service Payments - Healthcare Industry Analysis by Loyale Healthcare | PRWeb | 1/15/2020

Patient Financial Engagement: Essential to Hospital Goals for Pre- and Point-of-Service Payments - Healthcare Industry Analysis by Loyale Healthcare Share Article Making it easy for patients to pay in advance or at point of … the results of an informal industry poll conducted by the Healthcare Financial Management Association ( HFMA) at its Annual Meeting, were published. The survey, sponsored by Loyale Healthcare partner Parallon titled, “ Analyzing pre-payment and point …

Patient Finance

Patient Financial Engagement: Essential to Hospital Goals for Pre- and Point-of-Service Payments - Healthcare Industry Analysis by Loyale Healthcare | PRWeb | 1/15/2020

… way to go before it can truly address the financial stressors afflicting patients and their providers LAFAYETTE, Calif. In November of last year, the results of an informal industry poll conducted by the Healthcare Financial Management Association ( HFMA) at its Annual Meeting, were published. The survey, sponsored by Loyale Healthcare partner Parallon titled, “ Analyzing pre-payment and point-of-service collections efforts ”, offers some telling insights into healthcare’s readiness to …

Community Health

Food delivery service reduces hospital admissions by 28% | Becker’s Hospital Review | 12/3/2019

Nutrition is among the social determinants of health with the biggest influence on healthcare costs, according to a Healthcare Financial Management Association report . HFMA developed its report after a conference held in Washington, D.C., this fall with more than 100 healthcare through leaders. The conference was put on in partnership with the Alliance of Community Health Plans, American Association for Physician Leaders and American Organization for Nursing Leadership. Attendees stressed …

Revenue Cycle Performance

Partners HealthCare VP on addressing regulation challenges in the revenue cycle | Becker’s Hospital Review | 11/23/2019

… associations and groups to help provide feedback. For example, we’re active with the Massachusetts Hospital Association, American Hospital Association, HFMA [Healthcare Financial Management Association], a lot of these industry-specific [groups]. We also have a … one leadership habit you’ve developed that has led to improved revenue cycle performance? MR: We have increased our focus on performance management and metrics and setting specific targets in managing to those. [Partners HealthCare] is …

Kaufman Hall

CFO Playbook - Turning Financial Trauma into Transformation: Healthcare’s Digital Transition into the Post-COVID New Normal - Industry Analysis by Loyale Healthcare | PRWeb | 6/11/2020

… COVID-19’s financial impact on healthcare providers is difficult to overstate. According to a release from healthcare consulting firm Kaufman Hall , hospital operating margins “plummeted 282% in April compared to the previous year, 326 … respond to patient expectations. This technology-enabled transformation extends to healthcare financial management, where the need for transformation is more acute than ever before. According to a Black Book Research release titled Accelerated Digital Transformation …

Cerner

American Telemedicine Association, others join AVIA’s COVID-19 Resource Hub | Healthcare IT News | 5/19/2020

… Cerner, Deloitte and the Healthcare Financial Management Association. The addition of ATA, Conifer Health and Gensler to the COVID-19 Resource Hub bring yet more voices into the mix. AVIA notes that such perspective is useful to hospitals and health systems during this fast-moving time, as many of them are quickly expanding use of new technologies – AI-powered chatbots, virtual visits, remote monitoring, advanced patient-engagement tools and more …

AVIA Health Innovation

American Telemedicine Association, others join AVIA’s COVID-19 Resource Hub | Healthcare IT News | 5/19/2020

… to hospitals as they race to roll out virtual care, remote monitoring, chatbots and more. May 19, 2020 12:03 PM AVIA’s COVID-19 Resource Hub, which aims to create collaborative workspace around topics such as … stakeholders, including the American Hospital Association, Cerner, Deloitte and the Healthcare Financial Management Association. The addition of ATA, Conifer Health and Gensler to the COVID-19 Resource Hub bring yet more voices into the mix …

Conifer Health Solutions

American Telemedicine Association, others join AVIA’s COVID-19 Resource Hub | Healthcare IT News | 5/19/2020

… WHY IT MATTERS The COVID-19 Resource Hub , which is open to all U.S. hospitals, has added American Telemedicine Association Conifer Health Solutions, which focuses on revenue-cycle management, and Gensler, the design and planning … stakeholders, including the American Hospital Association, Cerner, Deloitte and the Healthcare Financial Management Association. The addition of ATA, Conifer Health and Gensler to the COVID-19 Resource Hub bring yet more voices into the mix …

Navigant

Healthcare execs targeting RCM to lower corporate spending, survey finds | Becker’s Hospital Review | 3/23/2020

Healthcare execs targeting RCM to lower corporate spending, survey finds Morgan Haefner - The majority — 75 percent — of hospital executives think that their corporate services spending could be lowered, according to an analysis of a Healthcare Financial Management Association survey. The analysis, completed by Guidehouse company Navigant, included responses from 114 hospital and health system executives. According to the analysis, more than half of the executives surveyed said they would be …

Patientco

Online tools ease patient billing stress at Iowa system | Modern Healthcare | 3/21/2020

March 21, 2020 01:00 AM Online tools ease patient billing stress at Iowa system Print Patientco Patients are used to paying bills online in almost every area of their lives—credit cards, utilities, rent and … director of partner relationships and chief partnership executive at the Healthcare Financial Management Association. That includes hospitals making moves to improve communication about medical bills and offering estimates of patients’ out-of-pocket costs , as …

CPSI

TruBridge RCM Maintains HFMA Peer Review Designation | Business Wire | 12/2/2019

MOBILE, Ala.- TruBridge, LLC, a subsidiary of CPSI (NASDAQ: CPSI), a community healthcare solutions company, announced today that following another rigorous review by the Healthcare Financial Management Association (HFMA), the TruBridge Revenue Cycle Management (RCM) product once again achieved the “Peer Reviewed by HFMA®” designation. The results from the Interim HFMA Peer Review Survey that was completed in October 2019 reaffirmed that the RCM’s performance continues to meet HFMA’s strict …

AMN Healthcare

AMN Healthcare’s Industry-Leading Managed Services Program Recognized by HFMA Independent Peer Review Panel | PR Newswire | 11/7/2019

DALLAS and SAN DIEGO The 2019 evaluation of AMN Healthcare’s HFMA® Peer Reviewed designation set a very high bar, with participant healthcare companies saying they would recommend the AMN Managed Services Program to colleagues and recognize the value it brings to their operations. AMN (NYSE: AMN) is the only healthcare staffing company that has the HFMA® Peer Reviewed designation. The Healthcare Financial Management Association’s Peer Review program is designed to …

REACH Health

AVIA Launches Partner Network to Expand Industry Access to Digital Insights | Business Wire | 10/28/2019

… healthcare through the adoption of digital at scale. In addition to the AHA, other organizations in the Partner Network include: Healthcare Financial Management Association - Co-developing an industry standard model to measure and value the … AVIA Members and use that as a targeted way to reach health system leaders who are driving meaningful change in their organizations. Expert leadership to champion the expansion of the partner ecosystem Leading this work …

Deloitte Healthcare

AVIA Launches Partner Network with Cerner, Deloitte, AHA, HFMA | HIT Consultant | 10/28/2019

Healthcare innovation network AVIA launches AVIA Partner Network for health systems to gain access to proprietary insights and resources. American Hospital Association, Deloitte, Cerner Corporation, and the Healthcare Financial Management Association among leading organizations collaborating to accelerate digital transformation in healthcare. AVIA , the nation’s leading healthcare innovation network, today announced the launch of the AVIA Partner Network, which brings together several prominent industry associations and private organizations committing to the …

Strata Decision Technology

Over 100 Top U.S. Health Systems Attend 2019 Strata Decision Technology Summit to Help Bend Healthcare’s Cost Curve | Globe Newswire | 10/24/2019

English Français Over 100 Top U.S. Health Systems Attend 2019 Strata Decision Technology Summit to Help Bend Healthcare’s Cost Curve Virginia’s VCU Health and Kentucky’s Owensboro Health Receive LEAP Awards as Centers of Excellence for … Financial Officer of OSF Healthcare and board chair of the Healthcare Financial Management Association (HFMA), outlined the steps that finance executives need to and can take right now, including moving away from the traditional ineffective …

VitalWare

Vitalware’s Tara Bradley Named Finalist in 16th Annual Stevie® Awards for Women in Business | PRWeb | 10/7/2019

Vitalware’s Tara Bradley Named Finalist in 16th Annual Stevie® Awards for Women in Business Share Article Vitalware’s Chief Operating Officer, Tara Bradley was named a Finalist in the Executive of the Year category in the … designated as a Peer Reviewed Vendor for VitalKnowledge™ from the Healthcare Financial Management Association (HFMA). The organization was also ranked on the 2019 Inc. 5000 fastest growing private companies list for the fifth consecutive year …

TransUnion Healthcare

Out-of-pocket costs increased across all healthcare in 2018 | FierceHealthcare | 6/28/2019

Patients experienced out-of-pocket increases as high as 12% for their healthcare costs last year, according to a new analysis by TransUnion Healthcare. Released this week at the 2019 Healthcare Financial Management Association Annual Conference in Orlando, Florida, the analysis shows increases occurred in all categories including inpatient, outpatient and emergency department (ED) care. Specifically, inpatient care costs between 2017 and 2018 went up an average of $573 per …

WEX Health

WEX Health Cloud Platform Helps Employers Make Sense of Big Data with Customizable Features and Functionality | Business Wire | 11/14/2017

FARGO, N.D.- WEX Health , a WEX Company and an award-winning healthcare financial technology platform provider, recently updated its WEX Health Cloud platform with significant new features and functionality, including improved business analytics and consumer … business of healthcare through WEX Health Cloud, a cloud-based healthcare financial management platform that drives efficiency for benefit administration technology, consumer engagement, and advanced billing and payments. Our partner organizations enable us to deliver …

Unity Hospital

7 finance execs reply: What revenue cycle change worked? | Becker’s Hospital Review | 7/21/2020

In June, the Healthcare Financial Management Association named the winners of its annual 2020 MAP Award for High Performance in Revenue Cycle. To better understand the steps these hospitals took to raise their revenue cycle … last year. Tamara Imm, vice president of revenue cycle at Unity Hospital in Rochester, N.Y. In response to COVID-19, we’ve been focused on facilitating limited-touch workflows, which includes fully leveraging EMR tools to …

Mercy

7 finance execs reply: What revenue cycle change worked? | Becker’s Hospital Review | 7/21/2020

In June, the Healthcare Financial Management Association named the winners of its annual 2020 MAP Award for High Performance in Revenue Cycle. To better understand the steps these hospitals took to raise their revenue cycle … at CommonSpirit Health in Chicago, parent company of Dignity Health Mercy General Hospital in Sacramento, Calif. Dignity Health Mercy General Hospital recently performed work around Medicare’s definition of inpatient-only procedures. Historically, many of these …

Cape Cod Healthcare

7 finance execs reply: What revenue cycle change worked? | Becker’s Hospital Review | 7/21/2020

In June, the Healthcare Financial Management Association named the winners of its annual 2020 MAP Award for High Performance in Revenue Cycle. To better understand the steps these hospitals took to raise their revenue cycle … patient financial services and revenue cycle at Hyannis, Mass.-based Cape Cod Healthcare. Cape Cod Healthcare started an initiative two years ago to improve patient satisfaction regarding patients’ financial responsibility and co-pay collections. We …

Catholic Health Initiatives

New Directors Join Healthcare Financial Management Association Board | Globe Newswire | 6/26/2020

Chicago, June 26, The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A. Clancy, FACHE, CPC, and Matthew E. Cox, CHFP, CPA, began … employed providers. She previously spent more than 20 years at Catholic Health Initiatives in a variety of senior financial roles. Clancy is senior vice president at Privia Health in Arlington, Virginia, a national medical group …

Spectrum Health

New Directors Join Healthcare Financial Management Association Board | Globe Newswire | 6/26/2020

Chicago, June 26, The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A. Clancy, FACHE, CPC, and Matthew E. Cox, CHFP, CPA, began … Cox is senior vice president and chief financial officer at Spectrum Health, an $8 billion not-for-profit integrated health system based in West Michigan. Cox leads the finance team and has financial responsibility for …

University Medical Center

New Directors Join Healthcare Financial Management Association Board | Globe Newswire | 6/26/2020

Chicago, June 26, The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A. Clancy, FACHE, CPC, and Matthew E. Cox, CHFP, CPA, began … positions include leadership roles at the University of Chicago, Rush University Medical Center and Medstar Washington Hospital Center. Cox is senior vice president and chief financial officer at Spectrum Health, an $8 billion not-for …

Medical Center

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt | Kaiser Health News | 6/24/2020

… said their state income tax refund had been reduced because of an outstanding medical debt to the University of Virginia Medical Center. Instead of $220, they got $110. /p p Mystified, they contacted UVA for … according to Richard Gundling, a senior vice president for the Healthcare Financial Management Association, an organization for finance professionals. In Virginia, state-affiliated hospitals like the University of Virginia Medical System and Virginia Commonwealth University …

University of Virginia Medical Center

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt | Kaiser Health News | 6/24/2020

… last October. It said their state income tax refund had been reduced because of an outstanding medical debt to the University of Virginia Medical Center. Instead of $220, they got $110. /p p Mystified, they … according to Richard Gundling, a senior vice president for the Healthcare Financial Management Association, an organization for finance professionals. In Virginia, state-affiliated hospitals like the University of Virginia Medical System and Virginia Commonwealth University …

Ascension

Nonprofit health systems — despite huge cash reserves — get billions in CARES funding | Healthcare Dive | 6/23/2020

… funding allocated by Congress. By Samantha Liss June 23, 2020 The nation’s largest nonprofit health systems, led by Kaiser Permanente, Ascension and Providence, have received more than $7.1 billion in bailout funds from the federal … Rick Gundling, senior vice president of healthcare financial practices for Healthcare Financial Management Association, told Healthcare Dive. In the early days of the outbreak in the U.S., some hospital executives sounded the alarm over dire …

Kaiser Permanente

Nonprofit health systems — despite huge cash reserves — get billions in CARES funding | Healthcare Dive | 6/23/2020

… 19 rescue funding allocated by Congress. By Samantha Liss June 23, 2020 The nation’s largest nonprofit health systems, led by Kaiser Permanente, Ascension and Providence, have received more than $7.1 billion in bailout funds from … Rick Gundling, senior vice president of healthcare financial practices for Healthcare Financial Management Association, told Healthcare Dive. In the early days of the outbreak in the U.S., some hospital executives sounded the alarm over dire …

Geisinger

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented patient-centered recommendations from HFMA and have achieved high levels of patient satisfaction. Here are the 18 hospitals that received a 2020 MAP award, along with five physician practice winners: Geisinger (Danville, Pa.) Presbyterian Healthcare …

Baptist Medical Center

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Mo.) Hospital Norton Healthcare, Norton Brownsboro Hospital (Louisville, Ky.) Princeton Baptist Medical Center (Birmingham, Ala.) St. Mary Medical Center (Langhorne, Pa.) The University of Texas MD Anderson Cancer Center (Houston) Unity Hospital (Rochester, N.Y.) Buena …

Regional Medical Center

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Anderson Cancer Center (Houston) Unity Hospital (Rochester, N.Y.) Buena Vista Regional Medical Center (Storm Lake, Iowa) Greater Regional Health (Creston, Iowa) Physician practice winners: ENT & Allergy Associates (Tarrytown, N.Y.) Graves-Gilbert Clinic (Bowling Green, Ky …

OhioHealth

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Bon Secours Mercy Health (Cincinnati) Cape Cod Healthcare (Hyannis, Mass.) OhioHealth (Columbus) Spectrum Health (Grand Rapids, Mich.) St. Elizabeth Healthcare (Edgewood, Ky.) CHRISTUS Shreveport-Bossier Health System (Highland; Shreveport, La.) Dignity Health Mercy General Hospital …

Norton Healthcare

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Dignity Health Mercy General Hospital (Sacramento, Calif.) Liberty (Mo.) Hospital Norton Healthcare, Norton Brownsboro Hospital (Louisville, Ky.) Princeton Baptist Medical Center (Birmingham, Ala.) St. Mary Medical Center (Langhorne, Pa.) The University of Texas MD Anderson …

Bon Secours Mercy Health

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Healthcare Services (Albuquerque, N.M.) Saint Francis Health System (Tulsa, Okla.) Bon Secours Mercy Health (Cincinnati) Cape Cod Healthcare (Hyannis, Mass.) OhioHealth (Columbus) Spectrum Health (Grand Rapids, Mich.) St. Elizabeth Healthcare (Edgewood, Ky.) CHRISTUS Shreveport-Bossier …

MD Anderson Cancer Center

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … St. Mary Medical Center (Langhorne, Pa.) The University of Texas MD Anderson Cancer Center (Houston) Unity Hospital (Rochester, N.Y.) Buena Vista Regional Medical Center (Storm Lake, Iowa) Greater Regional Health (Creston, Iowa) Physician practice winners …

St. Mary Medical Center

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Brownsboro Hospital (Louisville, Ky.) Princeton Baptist Medical Center (Birmingham, Ala.) St. Mary Medical Center (Langhorne, Pa.) The University of Texas MD Anderson Cancer Center (Houston) Unity Hospital (Rochester, N.Y.) Buena Vista Regional Medical Center (Storm …

University of Texas MD Anderson Cancer Center

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Center (Birmingham, Ala.) St. Mary Medical Center (Langhorne, Pa.) The University of Texas MD Anderson Cancer Center (Houston) Unity Hospital (Rochester, N.Y.) Buena Vista Regional Medical Center (Storm Lake, Iowa) Greater Regional Health (Creston, Iowa …

Dignity Health

18 hospitals with high-performing revenue cycles | Becker’s Hospital Review | 6/2/2020

The Healthcare Financial Management Association named its winners of the 2020 MAP Award for High Performance in Revenue Cycle. HFMA’s MAP award recognizes providers who surpassed standard revenue cycle benchmarks. The organizations have also implemented … Edgewood, Ky.) CHRISTUS Shreveport-Bossier Health System (Highland; Shreveport, La.) Dignity Health Mercy General Hospital (Sacramento, Calif.) Liberty (Mo.) Hospital Norton Healthcare, Norton Brownsboro Hospital (Louisville, Ky.) Princeton Baptist Medical Center (Birmingham, Ala.) St. Mary …

The University of Texas MD Anderson Cancer Center

23 Winners Receive the 2020 MAP Award for High Performance in Revenue Cycle | Globe Newswire | 6/1/2020

Westchester, IL, The Healthcare Financial Management Association (HFMA) announced the 2020 winners of the MAP Award for High Performance in Revenue Cycle, including three integrated delivery systems, five hospital systems, eight individual hospitals, two critical … than ever.” Upon being notified they had received the award, The University of Texas MD Anderson Cancer Center Vice President, Revenue Cycle and Treasurer Brad Gibson said, “We are honored to receive this award for …

Department of Veterans Affairs

Aptive HTG Wins $1B Veterans Health Administration IDIQ Contract to Provide Integrated Healthcare Transformation Support | PR Newswire | 4/3/2020

WASHINGTON , April 2, 2020 /PRNewswire/ – The U.S. Department of Veterans Affairs (VA) Veterans Health Administration (VHA) has awarded a 10-year, $1 billion indefinite delivery/indefinite quantity (IDIQ) contract to Aptive HTG to provide healthcare … high reliability, electronic health records management, healthcare modernization and transformation, healthcare financial management business transformation, healthcare human resources, healthcare regulatory compliance, healthcare analytics, mental health and suicide prevention, access to care and population health. “Our …

Community Hospital

Online tools ease patient billing stress at Iowa system | Modern Healthcare | 3/21/2020

… team’s processes “lean” has helped scale their work, she added. Leffler noted that when Great River partnered with Fort Madison Community Hospital in 2018, the system was ultimately able to take on managing the hospital’s … director of partner relationships and chief partnership executive at the Healthcare Financial Management Association. That includes hospitals making moves to improve communication about medical bills and offering estimates of patients’ out-of-pocket costs , as …

Memorial Hospital

Dolores E. Winkler Recognized for Excellence in Health Care and Finance | PR Newswire | 1/9/2020

… Winkler Recognized for Excellence in Health Care and Finance Ms. Winkler was notably presented a Medal of Honor by the Healthcare Financial Management Association News provided by Jan 09, 2020, 10:10 ET Share this article … Ms. Winkler spent nearly her entire career with West Allis Memorial Hospital in West Allis, Wisconsin . Joining the hospital as a staff accountant in 1968, she progressed to chief accountant in 1970 and reimbursement analyst …

Partners HealthCare

Partners HealthCare VP on addressing regulation challenges in the revenue cycle | Becker’s Hospital Review | 11/23/2019

Mary Beth Remorenko, vice president of revenue cycle operations at Boston-based Partners HealthCare, knows the challenges hospitals face in navigating state and federal or payer regulations. She said new legislation and CMS requirements are … active with the Massachusetts Hospital Association, American Hospital Association, HFMA [Healthcare Financial Management Association], a lot of these industry-specific [groups]. We also have a government relations group where we share feedback on a regular …

Karen Thomas

Healthcare Leaders Choose Voyant as Startup with Most Innovative Solution for Bending the Cost Curve | Globe Newswire | 7/1/2020

Chicago, Healthcare leaders participating in the June 26 session of the Healthcare Financial Management Association’s Digital Annual Conference voted for Voyant Diagnostics as the healthcare startup with the most innovative solution for bending the cost … and thought leadership. We lead the financial management of healthcare. Karen Thomas Healthcare Financial Management Association 708-492-3377 [email protected] Related Articles More articles issued by Healthcare Financial Management Association More articles related to …

Marty Bonick

Healthcare Veterans Launch AI-Driven Physician and Nurse Staffing Technology Venture, Polaris Health | PRWeb | 7/1/2020

… provider demand has long plagued healthcare administrators focused on cost reduction activities. In fact, according to a study by the Healthcare Financial Management Association, labor expense is the number one priority for hospital CFOs seeking … are a forward looking, data-driven organization,” said PhyMed CEO Marty Bonick. “Although we use several labor management tools, there is no solution currently in the market that accurately predicts patient demand to inform our …

Joseph J. Fifer

New Directors Join Healthcare Financial Management Association Board | Globe Newswire | 6/26/2020

Chicago, June 26, The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A. Clancy, FACHE, CPC, and Matthew E. Cox, CHFP, CPA, began … perspectives and depth of focus,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “We appreciate the extraordinary commitment and expertise our board brings during these challenging times.” The full roster of HFMA’s 2020-21 …

Michelle Andrews

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt | Kaiser Health News | 6/24/2020

Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt By Michelle Andrews June 24, 2020 h1 Ghost Bill: UVA Siphons Couple’s Tax Refund To Pay 20-Year-Old Medical Debt … according to Richard Gundling, a senior vice president for the Healthcare Financial Management Association, an organization for finance professionals. In Virginia, state-affiliated hospitals like the University of Virginia Medical System and Virginia Commonwealth University …

Kevin Fleming

CFO Playbook - Turning Financial Trauma into Transformation: Healthcare’s Digital Transition into the Post-COVID New Normal - Industry Analysis by Loyale Healthcare | PRWeb | 6/11/2020

… Digital transformation corrects these, thereby reducing costs and improving resiliency - all while setting the stage for longer-term revenue improvement - Kevin Fleming, CEO, Loyale Healthcare LAFAYETTE, Calif. The gravity of COVID-19’s financial impact … respond to patient expectations. This technology-enabled transformation extends to healthcare financial management, where the need for transformation is more acute than ever before. According to a Black Book Research release titled Accelerated Digital Transformation …

Morgan Haefner

Healthcare execs targeting RCM to lower corporate spending, survey finds | Becker’s Hospital Review | 3/23/2020

Healthcare execs targeting RCM to lower corporate spending, survey finds Morgan Haefner - The majority — 75 percent — of hospital executives think that their corporate services spending could be lowered, according to an analysis of a Healthcare Financial Management Association survey. The analysis, completed by Guidehouse company Navigant, included responses from 114 hospital and health system executives. According to the analysis, more than half of the executives surveyed said they would be …

Robert Green

Hospitals Look to Reduce Corporate Services Spending | RevCycle Intelligence | 3/19/2020

Healthcare Financial Management Association (HFMA) for Navigant, a Guidehouse company. “ Revenue growth remains a constant challenge for hospitals and health systems due to such aspects as stagnant reimbursement and meager inpatient growth, prompting many providers to grow inorganically via M&A while targeting corporate services for meaningful cost reductions,” stated Robert Green, partner at Guidehouse. Dig Deeper How Hospital Merger and Acquisition Activity is Changing Healthcare “This economic reality requires …

Brian Tanquilut

Widespread COVID-19 outbreak in U.S. would threaten hospitals’ finances | Modern Healthcare | 3/9/2020

… and you’re going to be paid below it, that puts a strain,” said Rick Gundling, a vice president at the Healthcare Financial Management Association. A Trump administration official recently touted the possibility of using federal … if the outbreak gets worse. “We’re preaching preparedness,” he said. Brian Tanquilut, a healthcare equity analyst with Jefferies, said he’s not seeing elective procedures being delayed or canceled just yet, although it may happen in …

Joseph Fifer

ANA, AONL: Cutting nurses will decrease care quality — instead, allocate resources wisely | Becker’s Hospital Review | 1/22/2020

… mutual understanding to agree on methods for allocating nursing resources, according to a new report published Jan. 21 by the Healthcare Financial Management Association. The 19-page report was co-written by the HFMA, the … against efforts to improve quality of care and reduce costs,” Joseph Fifer, HFMA president and CEO, said in a news release. Collaboration will help prioritize quality of care, consider resource allocation holistically, yield more reliable …

Kelly Gooch

Rush University Health has proactive investments, partnerships in the works, CFO says | Becker’s Hospital Review | 1/15/2020

Rush University System for Health has proactive investments, partnerships in the works, CFO says Kelly Gooch - John Mordach has more than 30 years of healthcare financial management experience to call on as senior vice president and CFO of Chicago-based Rush University System for Health. He was named CFO of the medical center in 2011 and became system CFO six years later. Before joining Rush, he was senior vice president …

Michael Allen

Over 100 Top U.S. Health Systems Attend 2019 Strata Decision Technology Summit to Help Bend Healthcare’s Cost Curve | Globe Newswire | 10/24/2019

… Michael Allen, the Chief Financial Officer of OSF Healthcare and board chair of the Healthcare Financial Management Association (HFMA), outlined the steps that finance executives need to and can take right now, including moving away from the traditional ineffective approach to budgeting to a more advanced planning process as well as better leveraging data to drive action. “America’s healthcare delivery systems are working hard to implement best practices to drive …

Kerry Martin

Vitalware’s Tara Bradley Named Finalist in 16th Annual Stevie® Awards for Women in Business | PRWeb | 10/7/2019

Healthcare Financial Management Association (HFMA). The organization was also ranked on the 2019 Inc. 5000 fastest growing private companies list for the fifth consecutive year. “Tara is acutely aware of the needs of our clients and has passionately led teams to deliver products that meet the ever-changing demands of the industry,” said Kerry Martin, CEO of Vitalware. “Her leadership has accelerated our growth and helped us make the business …

Jonathan Wiik

Out-of-pocket costs increased across all healthcare in 2018 | FierceHealthcare | 6/28/2019

… for their healthcare costs last year, according to a new analysis by TransUnion Healthcare. Released this week at the 2019 Healthcare Financial Management Association Annual Conference in Orlando, Florida, the analysis shows increases occurred in … makes it increasingly difficult for health systems to receive payments,” Jonathan Wiik, principal healthcare strategist for TransUnion, told FierceHealthcare. “Providers are also feeling the pressure of increased denial rates and write-offs which is increasing …

Richard Bajner

72% of Execs Ready for Risk-Based Alternative Payment Models | RevCycle Intelligence | 6/20/2019

… in risk-based alternative payment models through commercial payers and Medicare, according to a new Navigant analysis based on a Healthcare Financial Management Association (HFMA). Seventy-two percent of the 170 hospital and health system … transition has not been as successful or widespread as anticipated,” Richard Bajner, Navigant managing director and healthcare value transformation practice leader, stated in an announcement. “With most health systems anticipating continued downward pressure on margins …

State of Virginia

New Directors Join Healthcare Financial Management Association Board | Globe Newswire | 6/26/2020

Chicago, June 26, The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A. Clancy, FACHE, CPC, and Matthew E. Cox, CHFP, CPA, began … Clancy is senior vice president at Privia Health in Arlington, Virginia, a national medical group with more than 2,500 providers in six states and the District of Columbia. Her previous positions include leadership roles at …

New Directors Join Healthcare Financial Management Association Board | Globe Newswire | 6/26/2020

Chicago, June 26, The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A. Clancy, FACHE, CPC, and Matthew E. Cox, CHFP, CPA, began … Clancy is senior vice president at Privia Health in Arlington, Virginia, a national medical group with more than 2,500 providers in six states and the District of Columbia. Her previous positions include leadership roles at …

Chicago, Illinois

TruBridge Receives HFMA Peer Review Designation | Globe Newswire | 7/28/2020

July 28, 2020 10:00 ET Source: Healthcare Financial Management Association Chicago, July 28, TruBridge Receives HFMA Peer Review Designation The Healthcare Financial Management Association (HFMA) recently reviewed TruBridge’s Accounts Receivable Management Service using the Peer Review process. After undergoing the rigorous review, the TruBridge Accounts Receivable Management Service (ARMS) has been awarded the “Peer Reviewed by HFMA ® “ designation. In conjunction with the cloud hosted TruBridge revenue cycle management product suite …

Healthcare Leaders Choose Voyant as Startup with Most Innovative Solution for Bending the Cost Curve | Globe Newswire | 7/1/2020

Chicago, Healthcare leaders participating in the June 26 session of the Healthcare Financial Management Association’s Digital Annual Conference voted for Voyant Diagnostics as the healthcare startup with the most innovative solution for bending the cost curve. Voyant is developing a diagnostic smart toilet platform that fully automates point-of-care urine testing. The platform expedites urine testing turnaround in high-volume settings like the emergency department, increasing patient throughput and …