With So Much Uncertainty, How Do You Build Your Hospital’s Budget?
Advisory Board’s John Johnston shares expert insights from a colleague, Sean Angert, regarding today’s challenges with hospital budgeting and margin sustainability, with planning advice for CFOs.
Healthcare Revenue Recognition: 5 Steps for Net Revenue Modeling and Reporting Considerations
This article describes five steps FASB has outlined for entities to follow to prepare for implementation and achieve the objectives of the new standard ASU 2014-09 for recognizing revenue.
What happened to charity care in financial statements
Reporting charity care is an important means for healthcare organizations to communicate the benefits that they are providing to their communities.
Ask the Experts: Definition of Bad Debt
What is the standard industry definition for bad debt percentage?
Ensuring an Effective Approach to Budgeting
Having strict budget variance review processes facilitates meaningful conversations throughout the year and reduces the likelihood that spending will rise above budget targets.
Ask the Experts: Physician Office Staffing
At what size should a medical practice consider hiring a controller and what is the current salary for such a position?
Ask the Experts: EHR Software
Is it acceptable practice to retire fully depreciated EHR software or any percentage given that numerous upgrades have occurred?
HFMA’s P&P Board Comments on GASB’s Proposed Statement on Leases
HFMA has a long-standing recommendation to GASB to avoid differences between private-sector and public-sector standards that cannot be justified by fundamental differences between the two sectors.
Ask the Experts: Hospital Financial Statistics
What is the average amount of time to be used to calculate accounts receivable (A/R) days and days cash-on-hand?
Requests for Health Information on the Rise
Healthcare reform, value-based payment, and increasing audit scrutiny make it increasingly important that hospitals improve their data sharing capabilities.