5 tips for building an effective cost reduction program
An HFMA-Strata survey found only 6% of hospitals characterize the effectiveness of their cost reduction programs as extremely effective. One commonality among the most successful programs? Formal, ongoing cost reduction processes.
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.
How HFMA/Boise State master’s degree cohort members are putting new knowledge to work
Abby Birch, Grayson Johnston and Jacob Dalmas, three members of the first HFMA/Boise State master's in Population and Health Systems Management cohort, discuss their experiences in the program.
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.
Igniting the spark for healthcare transformation
Wildfires in the nation’s healthcare system, from misaligned incentives to disparities in health outcomes and care access, have led to devastating consequences, says HFMA Chair Aaron Crane.
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.
More not-for-profit health systems opt to pay board members
The goal is to lure and keep qualified board members, who are becoming harder to find.
2022 healthcare trends driving change in patient financial engagement
Disruptive changes brought on by rising medical costs and increased patient cost sharing require an evolution in traditional patient billing and collection practices. Rapidly changing state and federal regulations, COVID-19, consumer behaviors and expectations, disrupters, technology and operational challenges impact healthcare in parallel.
Leveraging artificial intelligence to advance organizational strategy
When bringing artificial intelligence into their business models, health systems have the opportunity to improve revenue cycle management by maximizing efficiencies. With the potential to improve workflow and consolidate resources, automation and machine learning require organizations to examine their infrastructure, from staffing to datasets. Investing in automated processes to reduce variation and empower staff to…
Aaron Crane: It’s past time for a prescribed burn in the healthcare industry
HFMA National Chair Aaron Crane compares our healthcare system to an unmanaged forest and encourages healthcare finance professionals to act to bring about needed change and innovation.