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.
Innovative venue sourcing: Minnesota Chapter hosts event at business partner facility
Hannah Weishalla talks about the Minnesota Chapter’s recent conference held at a business partner’s facility and shares tips for other chapters considering a similar collaboration.
News Briefs: Hospital labor costs rose by almost 40% between 2019 and early 2022
As published in hfm magazine, a monthly roundup of top news for healthcare finance professionals.
Orlando Health hires Leslie Flake as CFO
Leslie Flake, James Siegel and Brett Tande have new CFO positions. Denise Tobin joins Cascade365, and Dan Moncher retires after 24 years at Firelands Health.
To achieve effective nurse staffing, you need CFO-CNO alignment
To respond effectively to ongoing disruptions in the nursing workforce, which have been exacerbated by COVID-19, health system finance and nursing leaders need to come together to find a new financial, clinical and operational approach to improving performance.
Why health systems may find an acute care at home strategy attractive
The potential for improved outcomes is just one important reason to consider pursuing an acute care at home strategy. Even in the absence of payment, health systems may ultimately find pursuit of such a strategy beneficial.
Strategic alternative dispute resolution offers providers key to substantial claim recoveries
To be able to effectively handle disputes over healthcare claims, providers must be well-informed about the two basic types of alternative dispute resolution that can help them achieve favorable results: arbitration and mediation.