The importance of eligibility and enrollment services on the heels of the Great Resignation
Given the millions of people who have left their jobs as part of the Great Resignation or have found themselves unemployed for other reasons, your health system’s ability to improve its eligibility and enrollment processes in the revenue cycle is essential.
Cost Reduction Program Summary Report
HFMA, with sponsorship from Strata Decision Technology, surveyed 185 healthcare finance, accounting and revenue cycle executives to understand cost reduction programs and how effective they are. The survey indicates that while 89% of healthcare organization have some type of cost reduction program in place, only 6% say their program is extremely effective. Survey respondents select…
New thinking: Shifting the revenue cycle paradigm for long-term success
Rethinking strategies around three fundamental areas will help healthcare providers maintain fiscal footing: staffing, financial management and RCM partners.
How to Structure Data Governance in Healthcare; Data Governance in Healthcare, Part 1
This three-part blog series will explore what makes an organization high-performing in its use of data and analytics. Data governance in healthcare requires three components, starting with effective internal data governance structures that encourage executive buy-in and sponsorship, collecting the right data, and measuring the return on data and analytics investment.
Measuring What Matters; Data Governance in Healthcare, Part 2
This three-part blog series will explore what makes an organization high-performing in its use of data and analytics. Data governance in healthcare requires three components, starting with effective internal data governance structures that encourage executive buy-in and sponsorship, collecting the right data, and measuring the return on data and analytics investment.
Realizing ROI on Data Governance and Analytics in Healthcare; Data Governance in Healthcare, Part 3
This three-part blog series will explore what makes an organization high-performing in its use of data and analytics. Data governance in healthcare requires three components, starting with effective internal data governance structures that encourage executive buy-in and sponsorship, collecting the right data, and measuring the return on data and analytics investment.
Reimagine your workforce to help overcome staffing shortages
For revenue-cycle functions, staffing shortage solutions can be found by improving efficiencies through automation and expanding the labor pool with remote and hybrid positions as well as off-shoring partners.
An enhanced patient experience requires technology with a personal touch
A positive patient experience begins before the patient steps foot in a facility, followed by an efficient and accurate process every step of the way.
Cost-Reduction Strategies Boost, Sustain Recovery
Persistent pandemic conditions are forcing hospitals and health systems to stretch their thinking as they set strategic goals. They are adjusting to managing fluctuating levels of care along with addressing shifts in payer mix, consumers’ demands and increasing cost pressures. These changes, combined with the challenge of inconsistent patient volumes, is putting unprecedented financial pressures…
Payvider Survey Summary Report
HFMA, with sponsorship from Guidehouse, surveyed over 100 health system CFOs and finance and managed care executives to understand payvider model trends. The survey indicates that provider organizations are gravitating towards risk-based payment models. Nearly 60% of health systems responding to the survey plan to advance into risk-based Medicare Advantage models this year. Survey respondents…