Healthcare Financial Management

4 healthcare storylines overshadowed by COVID-19 | Healthcare Dive | 10/22/2020

Healthcare Financial Management Association. As the pandemic rages on in the U.S., here’s a look at issues flying somewhat under the radar. Price transparency going strong While HHS and CMS have delayed many initiatives and rules due to the pandemic, regulators seem to be going full steam ahead on the bid to mandate hospitals post prices for certain services. The fight is still wrapped up in a court battle, though …

Google Alert - finance | 10/1/2020

… and more than 50 federal and state law enforcement partners, … Flag as irrelevant Provider finance execs bracing for unfavorable shift in payer mix, survey finds Healthcare Dive … according to a survey conducted by the Healthcare Financial Management Association and analyzed by the Guidehouse Center for Health Insights. Flag as irrelevant More than 7500 finance jobs have left Britain for Europe - EY Brexit tracker Reuters LONDON (Reuters) - More than 7,500 finance …

Hospital Executives Predict Significant Shifts in Payer Mix, Revenue Cycle IT Budgets Post-COVID-19, According to Guidehouse | 9/30/2020

… for an increase in post-COVID-19 self-pay consumers and Medicaid beneficiaries, and a decrease in commercial reimbursement, according to a Guidehouse Center for Health Insights analysis of an executive survey conducted by Healthcare Financial Management Association (HFMA). More than 150 provider chief financial officers and revenue cycle executives responded to the survey, which takes an in-depth look at their projections over the next 12 months across key …

Hospital execs expect drop in commercial reimbursement, cuts to revenue cycle IT budgets in wake of COVID-19: analysis | FierceHealthcare | 9/30/2020

by Tina Reed Sep 30, 2020 8:00am ((Steve Design/Shutterstock)) According to a Guidehouse Center for Health Insights analysis of an executive survey conducted by the Healthcare Financial Management Association, hospitals have been turning to remote consumer engagement by increasing use of telehealth (92%). (Steve Design/Shutterstock) About 70% of health system and hospital execs are expecting a uptick in self-pay customers and Medicaid patients—and a drop in …

Hospital execs: More self-pay, lower reimbursement coming post-COVID-19 | Becker’s Hospital Review | 9/30/2020

Hospital and health system leaders are preparing for reimbursement shifts after the COVID-19 pandemic, including growth in self-pay patients and lower reimbursement from commercial payers, according to an analysis from the Guidehouse Center for Health Insights, which cited data from a Healthcare Financial Management Association survey. The survey, which included responses from 150 provider CFOs and revenue cycle executives, asked for predictions around reimbursement and revenue cycle in …

Provider finance execs bracing for unfavorable shift in payer mix, survey finds | Healthcare Dive | 9/30/2020

Healthcare Financial Management Association and analyzed by the Guidehouse Center for Health Insights. About 70% of the 150 CFOs and revenue cycle executives surveyed said they expect an increase of Medicaid and self-pay patients and a decrease of commercially insured patients as unemployment remains high. At the same time, leaders are prepping for a squeeze on IT budgets and are evaluating whether to turn to vendor partnerships and outsourced …

Sage Intacct Becomes First Cloud Financial Management System to Receive HFMA Peer Review Designation | Globe Newswire | 9/29/2020

Sage Intacct Becomes First Cloud Financial Management System to Receive HFMA Peer Review Designation Chicago, Sept. 29, The Healthcare Financial Management Association (HFMA) recently reviewed Sage Intacct, a cloud financial management system from Sage, using the Peer Review process. After undergoing the rigorous review, Sage Intacct has been awarded the “Peer Reviewed by HFMA ® ” designation. Sage Intacct is well-suited to the needs of healthcare companies, helping organizations operate efficiently …

Phoenix entrepreneur creates RexPay app to cure medical bill mayhem | 9/29/2020

… that I didn’t know about, and then I realized I was out of my depth of understanding and created this Excel spreadsheet to keep track of things. I thought, ‘There has to be a healthcare financial management app for this that would help me,’ and when I looked into the app store, there wasn’t anything available to help me, so that’s why I created RexPay initially to help patients and …

Is there an “equitable” way to sue patients for medical bills? | 9/26/2020

… continued to sue patients during the pandemic, until they were called out by Wisconsin Watch . How can we stop hospitals from suing patients and improve the fairness of hospital billing practices in general? The Healthcare Financial Management Association (HFMA) recently released an updated set of best practices for the “equitable” resolution of medical accounts. The guidelines, created in collaboration with hospital leaders, collection agencies, and community watchdog groups, have been …

Healthcare IT in Atlanta: Сompanies and Jobs | 9/25/2020

… threefold since then. Reimbursement automation via Payspan Portal nThrive addresses key financial challenges in healthcare through its Patient-to-Payment suite of solutions. It covers the entire revenue cycle which is defined by the Healthcare Financial Management Association ( HFMA ) as “all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue.” In other words, everything that happens from the moment of an initial appointment …

Hospital, health system financial leaders want automation tools for revenue cycle management | Healthcare Finance | 9/24/2020

… important for automation tools to be built to assist revenue cycle management. The survey was put together by Alpha Health, which created automation tools for healthcare revenue cycle management. It was conducted through the Healthcare Financial Management Association’s Pulse Survey program from mid-May to mid-June of this year. More than 580 CFOs and revenue cycle leaders participated in the survey. HIMSS20 Digital Learn on-demand, earn credit, find …

HFMA task force releases best practices for resolving patient medical bills | Healthcare Finance | 9/23/2020

The task force recommends providers engage in conversations about bills long before the post-discharge account resolution process. Mallory Hackett , Associate Editor The Association of Credit and Collection Professionals and the Healthcare Financial Management Association’s Accounts Receivable Resolution Task Force reconvened this year to update best practices for resolving patient medical bills. The updates, created in response to the COVID-19 pandemic, focus on patient education and communication. “This year …

HFMA publishes strategies for resolving medical bills | Becker’s Hospital Review | 9/23/2020

The Healthcare Financial Management Association voluntarily published best strategies to fairly resolve patient medical bills Sept. 17. Three things to know about the 28-page report , published jointly with the Association for Credit and Collection Professionals: 1. The report includes information on modifying financial assistance policies in response to the COVID-19 pandemic. 2. In the report, HFMA recommended that hospitals put safeguards in place to use before initiating actions …

HFMA task force releases best practices for resolving patient medical bills | 9/23/2020

The Association of Credit and Collection Professionals and the Healthcare Financial Management Association’s Accounts Receivable Resolution Task Force reconvened this year to update best practices for resolving patient medical bills. The updates, created in response to the COVID-19 pandemic, focus on patient education and communication. “This year was a critical time to revisit and update these best practices on behalf of healthcare providers and accounts receivable management companies with …

The Healthcare Financial Management Association Releases Best Practices for the Fair Resolution of Patients’ Medical Bills | Globe Newswire | 9/17/2020

Washington, D.C., Sept. 17, The Healthcare Financial Management Association (HFMA) today published voluntary best practices for the fair resolution of patients’ medical bills . The best practices are designed for use by healthcare providers, providers’ business affiliates and credit bureaus. Jointly published with the Association for Credit and Collection Professionals (ACA International), the 28-page report updates and extends guidance that was originally published by HFMA in 2014. The report emphasizes …

The Healthcare Financial Management Association Releases Best Practices for the Fair Resolution … | 9/17/2020

Tweet Washington, D.C., Sept. 17, 2020 (GLOBE NEWSWIRE) Washington, D.C., Sept. 17, 2020 (GLOBE NEWSWIRE) – The Healthcare Financial Management Association (HFMA) today published voluntary best practices for the fair resolution of patients’ medical bills . The best practices are designed for use by healthcare providers, providers’ business affiliates and credit bureaus. Jointly published with the Association for Credit and Collection Professionals (ACA International), the 28-page report updates and extends guidance …

The Healthcare Financial Management Association Releases Best Practices for the Fair Resolution of Patients’ Medical Bills | Benzinga | 9/17/2020

Washington, D.C., Sept. 17, 2020 (GLOBE NEWSWIRE) – The Healthcare Financial Management Association (HFMA) today published voluntary best practices for the fair resolution of patients’ medical bills . The best practices are designed for use by healthcare providers, providers’ business affiliates and credit bureaus. Jointly published with the Association for Credit and Collection Professionals (ACA International), the 28-page report updates and extends guidance that was originally published by HFMA in 2014 …

Podcasting Pandemic Style | 9/16/2020

… strategy.” To register, visit the registration form and receive Zoom details. Payment will be $10 for PRSA members and $15 for non-members. The panelists of the event are Erika Grotto, content manager at Healthcare Financial Management Association (HFMA); Christopher LaFuria, deputy communications officer at Edinboro University and host of “ Tartan Talks “; and recent 40 Under 40 honoree Chris Lantinen, social media marketing and podcast specialist at Edinboro University. There …

Desperate to trim your labor budget? Start with overtime. | 9/14/2020

… that’s usually the first place to look for savings. In fact, nearly half (44%) of CFOs and executives say reducing labor expenses is their No. 1 priority, according to a joint survey from the Healthcare Financial Management Association and Navigant. Yet, for many healthcare organizations, typical cost-cutting measures, like layoffs or widespread hour reductions, just aren’t possible because they’re already short-staffed. For years, the healthcare industry has been …

AMA Introduces CPT Code to Account for COVID-19 Safety Protocols | RevCycle Intelligence | 9/9/2020

… health care industry as medical advancements expand the fight against COVID-19.” Coding and billing during the public healthcare emergency has been a major challenge for providers. In a recent survey conducted through the Healthcare Financial Management Association’s (HFMA) Pulse Survey program for Alpha Health, providers agreed that confusion over COVID-19 coding and claim requirements was the top impact the pandemic has had on revenue cycle operations behind erratic …

Patients Want Hassle-Free Financial Experience | 9/3/2020

… patients financially. “Revenue cycle leaders can put the good stories out there by communicating how they are advocates for patients,” says Richard L. Gundling , FHFMA, CMA, vice president of healthcare financial practices at the Healthcare Financial Management Association (HFMA). The importance of consumer-friendly billing practices is only growing. As of January 2021, hospitals will be required to disclose the cost of all items and services: gross charges, payer-specific …

Despite turbulence in H1, no avalanche of health systems downgrades | Healthcare Dive | 9/2/2020

… Sutter Health, Bon Secours Mercy Health, Geisinger, University of Pittsburgh Medical Center and Care New England. “This is something that individual management of a hospital couldn’t control,” said Rick Gundling, senior vice president of Healthcare Financial Management Association, which has members from small and large organizations. “It wasn’t a bad strategy — that goes into a downgrade. This happened to everybody.” Deteriorating payer mix Looking forward, some analysts say they’re more …

Understanding resource consumption across a system | 9/2/2020

Understanding resource consumption across a system Healthcare Financial Management Association (HFMA) 2 September 2020 This case study describes how the Derbyshire health and care system set about linking up data from four providers, including establishing data sharing agreements, so that they had a better understanding of the use of resources across the system. This briefing also includes experiences from Gloucestershire ICS as they look at how data can be used …

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 …

Providers Confused by COVID-19 Coding, Claim Requirements | RevCycle Intelligence | 8/31/2020

… cycle operations, according to a new survey of financial leaders at US hospitals and health systems. For more coronavirus updates, visit our resource page , updated twice daily by Xtelligent Healthcare Media. Conducted through the Healthcare Financial Management Association’s (HFMA) Pulse Survey program, the survey commissioned by Alpha Health asked 587 chief financial officers and revenue cycle leaders at hospitals and health systems across the US how COVID-19 has impacted …

Revenue Cycle Management

Hospital, health system financial leaders want automation tools for revenue cycle management | Healthcare Finance | 9/24/2020

revenue cycle management , according to a survey commissioned by Alpha Health. About 92% of respondents said it was either important or extremely important for automation tools to be built to assist revenue cycle management. The survey was put together by Alpha Health, which created automation tools for healthcare revenue cycle management. It was conducted through the Healthcare Financial Management Association’s Pulse Survey program from mid-May to mid-June of …

HFMA

HFMA task force releases best practices for resolving patient medical bills | Healthcare Finance | 9/23/2020

… before the post-discharge account resolution process. Mallory Hackett , Associate Editor The Association of Credit and Collection Professionals and the Healthcare Financial Management Association’s Accounts Receivable Resolution Task Force reconvened this year to update best … first aspect of the updated framework is patient-friendly billing. HFMA has a set of principles that help guide this idea, including clear and understandable language, concise bills with only the necessary information, accurate information …

ACA

HFMA task force releases best practices for resolving patient medical bills | Healthcare Finance | 9/23/2020

… before the post-discharge account resolution process. Mallory Hackett , Associate Editor The Association of Credit and Collection Professionals and the Healthcare Financial Management Association’s Accounts Receivable Resolution Task Force reconvened this year to update best … understand their medical bills,” said Mark Neeb, CEO of the ACA . HIMSS20 Digital Learn on-demand, earn credit, find products and solutions. Get Started WHAT’S THE IMPACT? The first aspect of the updated framework is …

COVID-19

HFMA task force releases best practices for resolving patient medical bills | Healthcare Finance | 9/23/2020

The task force recommends providers engage in conversations about bills long before the post-discharge account resolution process. The Association of Credit and Collection Professionals and the Healthcare Financial Management Association’s Accounts Receivable Resolution Task Force reconvened this year to update best practices for resolving patient medical bills. The updates, created in response to the COVID-19 pandemic, focus on patient education and communication. “This year was a critical time …

Medicare

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 …

Medicaid

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 …

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 …

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 …

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 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 …

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 …

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 …

Credentialing

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

… 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 help healthcare executives identify high … recruitment process outsourcing, predictive labor analytics, mid-revenue cycle management, credentialing solutions, and other services. AMN Healthcare is committed to fostering and maintaining a diverse team that reflects the communities we serve. Our commitment to …

Healthcare Staffing

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 …

Alpha Health

Hospital, health system financial leaders want automation tools for revenue cycle management | Healthcare Finance | 9/24/2020

… Alpha Health. About 92% of respondents said it was either important or extremely important for automation tools to be built to assist revenue cycle management. The survey was put together by Alpha Health, which created automation tools for healthcare revenue cycle management. It was conducted through the Healthcare Financial Management Association’s Pulse Survey program from mid-May to mid-June of this year. More than 580 CFOs and revenue cycle …

Xtelligent Healthcare Media

AMA Introduces CPT Code to Account for COVID-19 Safety Protocols | RevCycle Intelligence | 9/9/2020

… to care for patients during the global pandemic. For more coronavirus updates, visit our resource page , updated twice daily by Xtelligent Healthcare Media. Announced earlier this week, CPT code 99072 is a new practice expense … challenge for providers. In a recent survey conducted through the Healthcare Financial Management Association’s (HFMA) Pulse Survey program for Alpha Health, providers agreed that confusion over COVID-19 coding and claim requirements was the top …

AdvancedMD

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

… 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 … to Tim Costantino the VP and head of product for AdvancedMD. He told Healthcare Finance News that telehealth services will be able to help hospitals and health systems handle the increase in demand for care …

Privia 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 … of senior financial roles. 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 …

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 …

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 …

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 …

CommonSpirit Health

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 … manner. Steve Scharmann, system vice president of 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 …

Unity Hospital, Rochester NY

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 …

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 …

Montefiore Health System

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 …

Catholic 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 … 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 …

Kaiser Permanente

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 … Henry J. Kaiser Family Foundation which is not affiliated with Kaiser Permanente. (c) 2014 Henry J. Kaiser Family Foundation. All rights reserved. React to this story …

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 …

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 …

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 …

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 …

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 … 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 Health System …

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 …

OSF HealthCare

New bad-debt accounting rule causing confusion among hospitals | Modern Healthcare | 10/26/2019

… accounting analysis for Christus Health, a not-for-profit health system based in Irving, Texas. In response, representatives with the Healthcare Financial Management Association met with CMS officials a few months ago to ensure there … that way and include a written explanation. Peoria, Ill.-based OSF HealthCare is working with the Illinois Hospital Association to get clarification on how to report bad debt on Schedule H of the tax form …

Baylor Scott & White Health

20 healthcare organizations recognized for revenue cycle performance | Becker’s Hospital Review | 5/21/2019

… Three integrated delivery systems, three health systems, seven individual hospitals, one critical access hospital and six physician practices received the Healthcare Financial Management Association’s 2019 MAP Award for high performance in revenue cycle. The winners … experience accordingly.” Award winners include: Geisinger Health System (Danville, Pa.) Baylor Scott & White Health (Dallas) Saint Francis Health System (Tulsa, Okla.) Health systems: St. Elizabeth Healthcare (Edgewood, Ky.) Mercy Health (Mason, Ohio) Christus St. Michael …

Joseph J. Fifer

The Healthcare Financial Management Association Releases Best Practices for the Fair Resolution of Patients’ Medical Bills | Globe Newswire | 9/17/2020

Washington, D.C., Sept. 17, The Healthcare Financial Management Association (HFMA) today published voluntary best practices for the fair resolution of patients’ medical bills . The best practices are designed for use by healthcare providers, providers’ business … throughout a patient’s financial experience,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “Transparency is important not only for price information but also with regard to financial assistance policies, identifying sources of coverage …

Seema Verma

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 …

David Burik

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

Industry Voices—6 ways the pandemic will remake health systems by David Burik , Brian Fisher Aug 4, 2020 1:47pm Some of America’s biggest companies are indicating they believe they can offer more convenient, more affordable … 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 …

Steve Scharmann

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 … organization to handle patient throughput in a socially distant manner. Steve Scharmann, system vice president of revenue cycle at CommonSpirit Health in Chicago, parent company of Dignity Health Mercy General Hospital in Sacramento, Calif. Dignity …

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 …

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 …

Richard Gundling

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

… 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 directly or by enlisting a collection agency. /p aside class=”related inline” div class=”slab email-slab “ div class=”email-signup” div class=”signup-text” h3 …

Jane Collins

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

… had asked the tax department to withhold the money for medical care their son received in 2001 and 2002. /p Jane Collins and Anthony Blow received a notice last year from the Virginia tax department … 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 …

Anthony Blow

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

… tax department to withhold the money for medical care their son received in 2001 and 2002. /p Jane Collins and Anthony Blow received a notice last year from the Virginia tax department, which reduced their … 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 …

Buena Vista

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 … 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: ENT & Allergy Associates (Tarrytown, N.Y.) Graves-Gilbert Clinic (Bowling …

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 …

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 …

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 …

New York, New York

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 …

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 …

York, Pennsylvania

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 …

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 …

State of New York

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 …

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 …

Charlottesville, Virginia

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

… Old Medical Debt /h1 span class=”byline” Michelle Andrews /span p The notice from the Virginia tax department puzzled a Charlottesville couple last October. It said their state income tax refund had been reduced because … 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 …

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

… Old Medical Debt /h1 span class=”byline” Michelle Andrews /span p The notice from the Virginia tax department puzzled a Charlottesville couple last October. It said their state income tax refund had been reduced because … 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 …

Columbia, Missouri

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 … than 2,500 providers in six states and the District of Columbia. Her previous positions include leadership roles at the University of Chicago, Rush University Medical Center and Medstar Washington Hospital Center. Cox is senior vice …

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 … than 2,500 providers in six states and the District of Columbia. Her previous positions include leadership roles at the University of Chicago, Rush University Medical Center and Medstar Washington Hospital Center. Cox is senior vice …

District of Columbia, District of Columbia

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 … with more than 2,500 providers in six states and the District of Columbia. Her previous positions include leadership roles at the University of Chicago, Rush University Medical Center and Medstar Washington Hospital Center. Cox is …

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 … with more than 2,500 providers in six states and the District of Columbia. Her previous positions include leadership roles at the University of Chicago, Rush University Medical Center and Medstar Washington Hospital Center. Cox is …

State of Washington

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

Tweet Chicago, June 26, 2020 (GLOBE NEWSWIRE) Chicago, June 26, 2020 (GLOBE NEWSWIRE) – The Healthcare Financial Management Association (HFMA) has welcomed three new members to its board of directors. Colleen M. Blye, CPA, Maureen A … 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-profit integrated health system based …

Healthcare Financial Management Association Releases Lease Accounting Guidance | Globe Newswire | 6/24/2020

Washington, D.C., June 24, 2020 (GLOBE NEWSWIRE) – The Healthcare Financial Management Association (HFMA) has published an issue analysis , “Current Issues and Considerations in Accounting for Leases,” to clarify certain accounting and reporting issues resulting from the Financial Accounting Standards Board (FASB) Accounting Standards Update 2016-02, “ Leases (Topic 842), ” and the Governmental Accounting Standards Board (GASB) Statement No. 87, “Leases,” as they apply to the healthcare industry . Due to the magnitude …