Bottom-Line Implications of New Lease Accounting Standards: What Healthcare Leaders Should Know
Healthcare organizations should be prepared for a lease accounting standard, effective in 2019, that changes the way they are required to report leases on their balance sheets.
Tipping the Scale: A Methodological Approach to Revenue Analysis
When acquiring a medical group, health systems should eschew blunt profit and loss statements in favor of more precise approaches, using market metrics to assess each site or specialty.
Impacts Expected from 2019 Transparency Requirements
Nov. 16—Healthcare executives expect widely divergent impacts from the unprecedented transparency on charges that hospitals are required to implement within six weeks.
Ask the Experts: Up-Front Reserves
What is the industrywide uncollectable percentage for accounts receivable that hospitals can set aside as up-front reserves?
Acquiring Physician Practices: Key Strategic Considerations for a Successful Transaction
Health systems seeking to acquire physician practices should first develop a thoughtful physician acquisition strategy that considers factors such as whether the focus will be on primary care physicians or specialists and the extent to which the strategy is offensive or defensive.
Selecting the Right Costing Model
By using cost data at appropriate levels of accuracy and detail to support decision making, hospital finance leaders can minimize the risk of incorrect decisions caused by insufficiently precise data.
Sample Footnote for a Cost Accounting Report
This is an example of the type of footnote an organization might provide in its cost accounting report and is intended to serve as a template for such a footnote. It originally accompanied the article “Selecting the Right Costing Model,” by Paul Selivanoff, CPA (November 2018 hfm).
Ask the Experts: Reagent Agreements
How do you record reagent agreements for which the vendor locks in the price on various reagents if the hospital commits to a minimum purchase quantity each year?
‘Service Rationalization’ the Most Stubborn Cost Challenge: Hospital Survey
Oct. 15—The area where hospitals struggle most to find savings is in efforts to reduce or eliminate services.
Oct. 14-19: Healthcare Costs a Priority for Public, Policymakers
Oct. 11—Healthcare costs are likely to be a major focus in a discussion next week featuring Seema Verma, administrator of the Centers for Medicare & Medicaid (CMS). And heading into the 2018 midterm elections, the cost of health care is a top priority in both public polling and congressional planning.