Healthcare News of Note: Americans have less confidence in the nation’s healthcare system
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Confidence in the U.S. healthcare system dips again, the median proposed health insurance premium increase for 2023 is about 10%, and improved oral care in hospitals can prevent pneumonia.
As revenue cycle challenges accumulate, a new survey suggests hospitals are taking a closer look at automation
For hospitals and health systems, survey results show that the ongoing labor crunch in revenue cycle operations has provided an impetus to expand process automation.
Healthcare News of Note: Amazon to acquire One Medical for about $3.9B
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Amazon is set to buy One Medical, the pandemic has caused a resurgence of antimicrobial-resistant infections, and major depression goes undiagnosed more often in Black and Hispanic communities.
Physicians and finance: Managing the differences is critical to building clinical value
To work together effectively, finance and clinical leaders must not only understand but also value and acknowledge the benefits to be gained from their different perspectives on what constitutes success.
Effective healthcare finance leaders understand more than just finance
Laurence Appel, CPA, FHFMA, and the CFO of University of Illinois Hospital and Health Sciences System — and a 37-year member of HFMA — says it is important for finance leaders to be well-versed in the clinical aspects of the business and its responsibility to meet the community’s healthcare and social needs.
Information is key to improving health of Americans while reducing healthcare costs
U.S. hospitals, and the healthcare industry overall, must learn to apply data more proactively if we are to begin to make meaningfully progress toward addressing the financial and social challenges besetting our healthcare system, says Daniel Marino, managing partner of Lumina Health Partners.
Healthcare News of Note: Only 66 hospitals earn top marks for social responsibility
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Fewer than 2% of reviewed U.S. hospitals earned Lown’s ‘most socially responsible’ distinction, gun violence is a major health problem in the United States, and ACA health insurers denied 18% of all in-network claims in 2020.
Healthcare News of Note: Newest nurses now fill the greatest number of 12-hour shifts
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: New nurses fill the largest number of shifts, some heart failure patients find the cost of medications unaffordable, and inaccuracies in CMS data make it difficult to address healthcare disparities.
HFMA’s Annual Conference: Sessions examined hospital-at-home programs, surprise billing dispute resolution and much more
Educational content at HFMA’s 2022 Annual Conference featured timely insights on the most pressing financial and operational issues facing healthcare organizations.
4 proven strategies for optimizing revenue cycle performance
Hospitals revenue cycles can all too often experience denied claims and delayed payment due to outdated manual processes and workflow inefficiencies. Hospital revenue cycle leaders can address these problems with a sharper strategic focus on submitting clean claims, managing denials, applying analytics and outsourcing.