How Orlando Health improved its bottom line by optimizing observation services
Orlando Health in central Florida offers a case example of how to effectively manage patients in observation status to reduce average length of stay for these patients, thereby, freeing up capacity for care of patients with higher-acuity conditions.
How to chart a course to success in the evolving post-COVID-19 healthcare landscape
A healthcare industry thought leader offered healthcare executives attending HFMA’s Digital Annual Conference guidance on how to develop a consumer-focused strategy that ensures their organizations will thrive in the aftermath of the COVID-19 crisis.
Special episode: Coronavirus exclusive with CFO Tim Maurice of University of California at Davis Health System
UC Davis Medical Center made headlines recently when providers there treated the first case of community spread coronavirus in the United States. In this episode, CFO Tim Maurice speaks with Joe Fifer about the health system's experience in this unprecedented health crisis. Also in this episode, Rich Daly and Chad Mulvany discuss the latest coronavirus news from Washington, and HFMA's Todd Nelson shares five tips for employees who are working remotely for the first time.
Hospitals require a 3-pronged response to potential covenant violations
Reworking cost structure and enhancing revenue performance are foundational parts of a holistic solution for most healthcare organizations facing balance sheet challenges and covenant violations as a result of the COVID-19 crisis.
Why now is the time to revisit your strategic facility investment plan
After undertaking dramatic changes in operations to address the COVID-10 pandemic, U.S. hospitals and health systems need to begin planning for the restart of normal operations over the next few months as well as for their long-term futures.
Elective surgery does not mean optional surgery: How to recover from the impact of canceled procedures
Lessons health systems have learned because of the COVID-19 pandemic will provide the building blocks to the recovery, including the return of “elective” procedures, many of which are vitally important to patients’ well-being.
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.
Guest commentary: COVID-19 allows no time for hesitation among healthcare finance professionals
Kaufman Hall's managing director and chair, Ken Kaufman, says leaders of healthcare provider organizations must act now with speed and sophistication to develop the financial foundation for an effective COVID-19 recovery.
6 major long-term implications for the nation’s healthcare system post-COVID-19
The COVID-19 pandemic’s impact on the nation has historical implications. Among the various national responses, we likely will see investments in strengthening hospitals’ abilities to deploy temporary facilities, draw upon backup staffing and build stockpiles of key items.
The coronavirus launches providers into new world of virtual healthcare
The new focus on virtual healthcare in the post-COVID-19 world will bring about an unprecedented industry transformation.