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hfm Magazine

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Q & A

Ian Morrison: CFOs Are Crucial to Hospitals' Survival

Hospital financial executives will be even more important in the next decade than they have been in the last, says Ian Morrison, author, consultant, and futurist

Ian Morrison

 

 


Cover Feature

Cost Reduction: Identifying the Opportunites


A detailed charge code analysis can be a powerful tool for identifying specific areas for cost reduction, which can lead to large and sustainable improvements. 

William O. Cleverley, James O. Cleverley


Features

The Fixed-Cost Dilemma: What Counts When Counting Cost Reduction Efforts? 

Due to high fixed costs, hospitals can capture few variable costs using incremental cost reduction strategies. Instead, they should consider reducing capacity and optimizing use of remaining capacity.

Stephen S. Rauh, Eric Wadsworth, William B. Weeks

 

The People Structure of Quality Improvement

Team structure is in many ways critical to the success of a healthcare organization's quality improvement efforts, as this case study of one health system's approach shows.

John Byrnes, Joe Fifer

 

Innovative Approaches to Cost Containment

Three hospitals share their unique—and effective—approaches to cost containment, including how to achieve reductions in labor costs, supply costs, and orientation costs.

Jeni Williams

 

Talent Management in a Time of Cost Management

Leadership skills can help hospitals survive—and thrive—in a difficult economy.

Garrett Ogden

 

How Do Your Case Managers Rate on Financial Performance?

There are eight questions a hospital should ask when analyzing the financial performance of its case management department.

Patricia Hines, Michael Randall

 

Physicians at the CFO's Door: What's Your Ressponse to Requests for New Technology

A materials use evaluation committee can assist a CFO in keeping informed of issues and controversies surrounding technologies requested by physicians, and in deciding whether to approve the requests.

Girard F. Senn

Web Extra: View an example of a scorecard designed for the use by CEOs,CFOs,chief medical officers and other executive and surgical leaders of a healthcare organization. 

Building a World-Class A/P Function: How UPMC Went Paperless 

After automating its accounts payable and making process improvements, the University of Pittsburgh Medical Center now receives all invoices electronically.

Michael DeLuca, Corey Smth


Focus Areas

REVENUE CYCLE

Does Your Organization Have a Central Processing Office?

A central processing office improves revenue cycle performance of hospital-owned physician practices by giving accountability for results, at each step, to the person with best access to patients.

Brian K. Morton, Marc D. Halley

 

MEDICARE/MEDICAID 

Preparing for a RAC Audit: Yale-New Haven Hospital

To prepare for a RAC audit, Yale-New Haven Hospital has developed a RAC readiness team and implemented a software solution with tools to manage cases.

Kathleen Tynan McKiernan

Web Extra: View a Checklist to Use in Considering Whether a Software Solution That Can Provide RAC Tracking Capabilities is Right for Your Organization.


Web Preview: Coming in the April issue of hfm

A Form 990 Schedule H Conundrum: How Much of Your Bad Debt Can be Charity


Columns

From the Chair

Taking Cost Management to the Next Level

Hospitals should not wait for healthcare reform legislation to pass to begin serious work on cost management. They should began that work now.

Catherine Jacobson, FHFMA, CPA

 

From the President

Measuring Quality Improvement

HFMA has identified three key ways in which financial leaders can help provide the critical business intelligence hospitals need.

Richard L. Clarke, DHA, FHFMA

 

From the Editor

Life Lessons from Outpatient Registration

Registration staff members at one hospital show how to bridge the gap between work and relaxation.

Robert Fromberg

 

Eye on Washington

Regrouping on Healthcare Reform

With the unlikelihood that major healthcare reform legislation will pass, Congress is likely to turn to more modest and piecemeal efforts to accomplish the various goals of reform.

Gail R. Wilensky

  

Inside IT

How Technology Can Help Drive Collaborative Performance Improvement

Keys to success in collaborative performance improvement initiatives depend on the development of a common infrastructure that can be supported by technology.

Richard Bankowitz

 

Capital Finance

Prioritizing Capital Projects When Cash Is Scarce

When setting priorities among competing capital projects, healthcare leaders should consider three strategic factors: organizational mission, availability of funds, and cost of funds.

Cara Casolari, Steve Womack

 

Data Trends

National Average Costs by Department for Heart Failure and Shock

Benchmarking analyses that look at clinical performance by MS-DRG to find ways contain costs should also consider costs for specific services within the MS-DRG as a percentage of the total costs.

Etcetera

Member Spotlight: A Frienship that Stretches Across Nations

Book Shelf: Financial Shock Discusses Impact of Easy Credit on Housing Crisis

 

 

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