Some hospitals pursue coronavirus assistance through FEMA — the ‘payer of last resort’
Hospitals are seeking FEMA funding to cover expenses incurred as part of their coronavirus responses.
CMS seeks healthcare provider comments on possible new methodology to calculate MS-DRG weights
HFMA's Chad Mulvany reviews possible technical and legal challenges CMS may face as it proposes to collect provider pricing data.
Rolling forecasting will help get hospitals through the COVID-19 crisis
The upheaval hospitals and health systems are experiencing as a result of the COVID-19 pandemic has made traditional annual budgeting processes inadequate. Organizations should consider adopting instead a budgeting process based on rolling forecasting.
U.S. District judge hears CMS price transparency lawsuit opening arguments
The May 7 hearing regarding CMS's controversial price transparency policy is likely the opening act in what may be a long series of appeals to the lawsuit filed against the Trump administration.
New hospital price transparency requirements included in IPPS proposed rule
CMS wants hospitals to start reporting median health plan payment rates and may use the information to help determine Medicare rate changes.
Rural hospitals get financial assistance as COVID-19 exacerbates their struggles
The federal government has begun to release financial assistance targeted to rural hospitals as they struggle with cash shortfalls amid the shutdown of elective procedures.
Survey: Hospitals overspending on corporate services could reduce costs without impacting quality
Important learnings from a November 2019 HFMA-conducted survey about corporate services spending patterns and how organizations could be more efficient and effective with their spend.
New ‘terms and conditions’ added for providers accepting latest round of CARES funding
Hospitals will have additional terms and conditions with which to comply if they accept a share of $20 billion in new federal assistance.
Why a more modern cost accounting approach in healthcare is needed post-COVID-19
A recent survey by HFMA and Strata Decision Technology found that, although 85% of health systems and 57% of hospitals and medical centers havecost accounting systems, most are not fully adept in using cost data to reduce total cost of care.
Yes Virginia, there is a cost shift: Hospitals with higher occupancy rates due to COVID-19 provide more evidence
HFMA's Chad Mulvany says that even though the COVID-19 pandemic is a unique circumstance, emerging margin data from hospitals in the Northeast provide additional evidence in support of the cost shift.