AI-powered coding automation: The state of the art and future direction
This roundtable discussion conducted at HFMA’s 2023 Annual Conference in Nashville, Tennessee sought to understand both the opportunities and challenges that AI-powered coding automation poses for healthcare organizations.
Puerto Rico Chapter signs collaborative agreement
HFMA’s Puerto Rico Chapter recently joined forces with Puerto Rico’s College of Health Services Administrators to address challenges and opportunities in the field of health services administration. The relationship was made official when the two groups signed a collaborative agreement on Sept. 15 during the Chapter’s Annual Healthcare Update in Isla Verde, Puerto Rico. The…
RemitConnect® helps healthcare organizations automate manual posting and reconciliation processes
This HFMA Peer Review Spotlight explores the benefits of CommerceHealthcare's RemitConnect solution in complementing a healthcare organization's existing patient accounting or practice management system.
Igniting revenue cycle’s superpower: Patient advocacy
Larami Oliver took over revenue cycle operations for Heart and Vascular Care in Cumming, Georgia, in the heat of the pandemic, and under her leadership, the division was able to persevere. Key to the operation’s success: a shift in focus from post-claim revenue cycle response to pre-service education and support. “We’ve taken a proactive approach…
4 steps healthcare CFOs can take to improve interoperability
Achieving information interoperability has long been touted as a solution to challenges that have plagued the healthcare industry for decades. For example, a health system that operates multiple electronic health records (EHRs) and systems across its facilities, hospitals and practices must undergo an extremely time-consuming and complicated process in gathering comprehensive patient records (e.g., by…
6 steps to prepare now for looming information-blocking requirements
The 21st Century Cures Act includes provisions aimed at identifying and stopping information-blocking practices that interfere with reasonable seamless sharing of electric health information. The Office of the National Coordinator for Health Information Technology (ONC) defines such a practice as one “likely to interfere with the access, exchange, or use of electronic health information (EHI),…
David Johnson: Efforts to revitalize healthcare on Chicago’s South Side underscore a critical national challenge
The United States continues to struggle with daunting inner-city health and healthcare problems borne out of innate social inequities. Effective solutions are few and far between. One initiative on Chicago’s South Side, launched just before the COVID-19 pandemic, encapsulates the potential and perils of system restructuring. In that distant January of 2020, four Chicago safety-net…
Payer scorecards hold promise for promoting an enhanced payer-provider equilibrium
The U.S. healthcare system is fraught with inherent complexities in how providers receive payment for the services they deliver. And those complexities include conflicting methodologies that too often breed contentiousness between payers and providers around how, when and whether services will be reimbursed. Payer scorecards offer an effective solution for mitigating these tendencies. While they…
PMMC uses best-in-class solutions to help clients navigate the challenges of healthcare finance
Read some key insights from a company that helps organizations understand how to maximize their net revenue using strategy and consultation.
Leveraging investments to strengthen resilience: Key insights
The approach health systems take to balance sheet and treasury management varies significantly. One company's managing director dives into how organizations can take a balanced-scorecard method to investments using a tier system.