Leveraging APPs is key to improving a health system’s provider enterprise
Although physicians have historically constituted the vast majority of a health system’s providers, advanced practice providers (APPs) are growing in number and importance throughout healthcare, to the point that what traditionally has been referred to as a health system's physician enterprise is now more aptly called its provider enterprise.
Effective healthcare finance leaders understand more than just finance
Laurence Appel, CPA, FHFMA, and the CFO of University of Illinois Hospital and Health Sciences System — and a 37-year member of HFMA — says it is important for finance leaders to be well-versed in the clinical aspects of the business and its responsibility to meet the community’s healthcare and social needs.
4 proven strategies for optimizing revenue cycle performance
Hospitals revenue cycles can all too often experience denied claims and delayed payment due to outdated manual processes and workflow inefficiencies. Hospital revenue cycle leaders can address these problems with a sharper strategic focus on submitting clean claims, managing denials, applying analytics and outsourcing.
Covenant challenges signal need for healthcare providers to chart a path to sustainability
The possibility that an organization might breach debt covenants is a symptom of deeper problems that require an all-hands-on-deck approach within the organization to get back on a sustainable path.
Hospital success requires a CEoH focus says 27-year HFMA member
Erik Thorsen, CPA, MBA, a 27-year member of HFMA, says successful leadership in healthcare finance requires a focus on the CEoH “triple aim” of patient access, equity and social determinants of health.
Utilization review staff may be hurting results when fixing incorrect inpatient admissions
There's a clear financial winner when choosing a method for correcting an incorrect inpatient admission.
Voice of Experience: Health system success requires focus on cost-effectiveness, says long-time HFMA member
Edward M. Prunchunas, a 47-year HFMA member, shares his insights and observations about the transformation of the U.S. healthcare system over the years and what are the essential leadership components for achieving success as he prepares to retire as executive vice president of finance, treasurer and CFO of Cedars-Sinai Health System.
Access trapped capital through structured real estate and noncore asset deals
Real estate and noncore assets can represent a significant — and often largely untapped — resource for health systems pursuing any number of financial or operational goals.
Joe Fifer: Solving the nurse staffing crisis — We’re all in this together
HFMA President and CEO Joe Fifer offers perspectives on solving the nurse staffing crisis.
Proposed nursing home regulations send an important message to all providers
A statement issued by the Biden administration on Feb. 28 proposed major reforms for the nation’s nursing homes but also has important implications for healthcare organizations of all types.