hfm December 2024-January 2025

Payment edition

Cover Story

Kirsten Largent
Photography by Marshall Clarke

New CMS bundled payment initiative may be the future of Medicare

Success under CMS’s newest bundled payment model may depend on applying lessons learned by hospitals in earlier bundled payment initiatives.

Expert Reviewed

Despite significant challenges, there’s value in hospital mergers

Hospitals pursuing mergers face antitrust challenges, yet mergers may be defensible to counter the buyer power of healthcare payers.

How a focus on fortitude can reduce physician burnout

In the face of a high incidence of physician burnout, healthcare finance leaders require a nuanced understanding of the reasons for burnout.

Q&A

Providence’s Deepak Sadagopan on value-based care and health system sustainability

Deepak Sadagopan of the health system Providence discusses ways to alleviate labor cost pressure for health systems.

Election Special

An eventful period for healthcare policy looms as Trump and GOP members of Congress prepare to govern

The 2024 election results give Donald Trump and congressional Republicans an opportunity to leave an imprint on healthcare policy.

Special Report

Bridging the payer-provider divide

A strong move toward payer-provider collaboration is needed to alleviate animosities that sow widespread confusion around payment across the nation’s healthcare system.

Columns

Marc Scher: Let's reimagine our approach to workforce challenges

HFMA National Chair Marc Scher encourages healthcare finance professionals to challenge long-held approaches to staffing and shares Bloomberg Philanthropies’ innovative approach.

Jill Geisler: Does your business etiquette need a tuneup?

HFMA contributor Jill Geisler says leaders often face issues that come down to basic business etiquette and offers a framework for considering how the concept can enhance workplace interactions.

David Johnson: RFK Jr. will focus on ‘Getting America healthy again’ — and maybe it’s possible

As the new leader of HHS, Robert F. Kennedy Jr. is well-positioned to pursue his strategy for getting America healthy again.

Jana Cook: Rural healthcare’s challenges need not impede growth

Jana Cook of Phelps Health is at the forefront among rural hospital finance executives who are successfully growing their organizations.

Finance Strategy: How to respond to Medicare Advantage’s rising headwinds

As MA plans take stock of a shifting market, three possible future scenarios await them: A renewal, an uneasy stabilization or an implosion.

Departments

People: Kirsten Largent named new CFO of OSF HealthCare

Kirsten Largent is the new OSF CFO. She succeeds Michael Allen who has been named CFO of Hackensack Meridian Health. CFO Joe Wanner was promoted to CEO, and Audra Ford was tapped as CFO.

Chapter News: HFMA’s Central Ohio Chapter invests in the future of healthcare finance 

A scholarship program by HFMA’s Central Ohio Chapter offers tuition assistance to students pursing degrees in healthcare management-related professions.

News Briefs: Hospital advocates say Medicare’s 2025 outpatient payment update should have been higher

As published in the December 2024-January 2025 issue of hfm, this news roundup presents top stories for healthcare finance professionals.

Inside HFMA: HFMA launches two new specialist training certifications

HFMA’s Community launched new groups and content to give members a voice on new healthcare finance happenings and to help them connect.

Supplements

First American Equipment Finance: First American supports healthcare organizations with strategic financing solutions

Check out this company’s customized leasing and financing solutions, enabling clients to invest in critical equipment and infrastructure while prioritizing growth and maintaining financial flexibility.

Plante Moran: What healthcare CFOs don’t know about cybersecurity — and what they should ask their CISOs

Read this article to learn what five key questions CFOs should ask CISOs to understand the threats and risks — and how to support resilience.

GHX: AP automation can help alleviate healthcare workforce shortages and optimize cashflow

Labor shortages will not abate anytime soon, and healthcare leaders must have a strategy in place to leverage automation to generate savings and promote operational stability. AP automation is one area ripe for opportunity.

UKG: A people-centric approach powers successful digital transformations in healthcare

In the past few years, healthcare leaders have struggled with investment and adoption of new technology, and staffing shortages. Learn key questions and essential strategies to create a positive impact within your hospital or health system.

MRO: Healthcare providers explore payer direct access to EHRs, but most are still awaiting the benefits

This roundtable brought together a number of healthcare industry leaders to discuss challenges and solutions for effectively sharing medical record data with payers.  

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