How healthcare providers can break down barriers to effective data governance
Promoting improved data governance in the hospital and health system sector has become a just cause of sorts for Randy Albert, who serves as vice president of finance – operations and analytics at Maine-based Northern Light Health and is a member of HFMA’s Northern New England Chapter. “This is a topic that I’m incredibly passionate…
Labor costs and other concerns dampen the outlook for not-for-profit hospitals this year
Insights from a leading credit-rating agency illustrate the scope of the financial challenges facing not-for-profit hospitals in 2023.
The hospital labor picture could be improving, but a full financial recovery isn’t imminent
The financial and operational stress that has hampered hospitals may be easing in some ways, but probably not enough to qualify as a holiday gift for a beleaguered industry. Recent reports from credit-rating agencies have presented a mixed outlook. For example, Fitch Ratings released an analysis in December showing “incremental signs of improvement” in the staffing situation…
10 Steps Toward Health Equity
The push to achieve equity in health and healthcare is daunting. It’s a multifaceted societal quest in which the goal is to fix disparities that have been entrenched throughout U.S. history. HFMA’s 2022 Thought Leadership Retreat brought together stakeholders from across healthcare Sept. 15-16 in Washington, D.C., to advance the dialogue in this effort. Although…
Reeling hospital industry shouldn’t anticipate a turnaround anytime soon
Amid persistent financial and operational turbulence for hospitals, it appears unrealistic to expect significant improvement in the near future.
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340B Ruling: Good News for Some, Maybe
340B-eligible facilities are unsure of the fate of the 340B discount drug program as they await a U.S. District Court ruling on remedies that could further alter payments.
OIG’s Video Highlights a Busy Year
A recent OIG video highlighting various reports offers helpful reminders for finance personnel, compliance officers, legal counsel, and others who assist in ensuring that their healthcare organizations abide by all legal requirements.
Repeal of the Individual Mandate Means More Uncompensated Care
The individual mandate has driven an increase in the number of insured patients, and without it, hospitals are likely to face more uninsured patients and more patients with high co-pays and deductibles.
The 4 Qualities of ‘Next-Level’ Healthcare CFOs
The impact of “next-level” CFOs is felt and seen throughout organizations. For example, by mentoring and coaching to build financial literacy across teams and organizations, these CFOs are seen as proactive and selfless servant leaders who are improving their organizations.