Healthcare M&A Activity? Beware of Accounting Basis Differences
Differences in FASB and GASB accounting and reporting rules can be critical considerations for healthcare organizations in evaluating financial fit when looking to merge or affiliate with an organization that is under a different basis of accounting.
Managing the Cost of Quality
Healthcare leaders need to provide relevant stakeholders organizationwide with transparency into quality-related costs to drive performance improvement progress. The right tools and processes make the needed visibility possible.
Children’s Hospital Uses EHR to Save $6 for Every $1 Invested
Nationwide Children’s Hospital piloted a continuous improvement program that reduced total inpatient days, admissions, and emergency department visits. A major success factor was the capture of specific data with every patient encounter, creating systematic opportunities to improve patient outcomes and deliver care more efficiently.
Keeping Ahead of the RACs
Changes announced by the Centers for Medicare & Medicaid Services underscore the need for healthcare organizations to prepare for escalating auditor activity.
Video: Consciously Lowering the Cost of Care
Gordon T. Edwards, CFO for Marshfield Clinic Health System, discusses the high cost of hospital care and how Marshfield treats patients outside the hospital care setting at a lower cost.
Gauging the Financial Impact of MIPS
The financial impacts of MIPS scores can amount to millions of dollars per organization and will significantly grow over the next several years.
Assessing the Value of Care
A healthcare finance leader, clinical leader, and health plan executive discuss best practices for assessing the value of healthcare drugs and services.
Ask the Experts: Medical Equipment Leasing
What are the current leasing trends for medical equipment?
Facts in Healthcare Finance: Is Spinning the Numbers Unethical?
A hospital CFO’s ability to separate facts from opinions and perspectives sets the stage for organizational integrity.
2 Ways to Achieve the Benefits of Rolling Forecasting
Rolling forecasting can be an effective approach for financial modeling and is flexible enough to meet varied organizational structures. It can help to increase accountability and encourage efficiency and other process improvements.