Dennis Dahlen: It’s time to be biased toward action
We’re in an extraordinary period of discovery and innovation in healthcare, from a breakthrough treatment that delays the onset of Type 1 diabetes to the potential to use advanced artificial intelligence (AI) to help patients manage their health. But embracing the promise of innovation within our organizations depends on our ability to lead teams to…
Key questions for providers after more than 2 years of the price transparency rule
Evidence amassed from over two years of experience with compliance reinforces why providers need to focus on chargemaster prices and self-pay discount policies — and how they can benefit from analyzing trends in consumers’ price searches.
HFMA 2023-24 Leadership Directory
HFMA's 2023-24 Leadership Directory provides a listing of the Association's National, Regional and Chapter leaders for its current fiscal year.
Jill Geisler: The best healthcare finance leaders are also great coaches
When we become managers, we start with assumptions about our role. We may believe that, as the person in charge, we need to a be a decision-maker, problem-solver, idea person and quality controller. That’s a good list. But it’s incomplete. Working with managers for many years, I’ve learned that the best leaders also aspire to…
The latest on hospital finances: Signs of improvement, but margins remain tight
Industry-level hospital financial insights reflect the mixed results of a recovery that’s in progress but is expected to be a long slog. In a 2023 midyear report (login required), Moody’s Investors Service noted that margins are below 3% for a third of the company’s rated hospitals. Before the pandemic, only about 6% had margins in…
Honor Roll: HFMA certifications were awarded to 1,883 members in Q2
HFMA offers eight certifications for members to validate their expertise and demonstrate their commitment to the profession. The HFMA certifications are as follows: Certified Healthcare Financial Professional (CHFP), Certified Revenue Cycle Representative (CRCR), Certified Revenue Cycle Representative (CRCR) – GCC, Certified Specialist Accounting and Finance (CSAF), Certified Specialist Business Intelligence (CSBI), Certified Specialist Physician Practice…
Healthcare News of Note: Healthcare organizations continue to deal with turnover and workforce shortages
Over the past few weeks, I have found these industry news stories that should be of interest to healthcare finance professionals. 1. Physicians who say they are very likely to leave their current job are 15 times more likely to do so Healthcare organizations continue to deal with employee turnover and workforce shortages, according…
10 Vital Responses to Healthcare Disruption
Disruption is reverberating throughout the healthcare industry, and it’s incumbent on legacy organizations to develop strategic responses for the benefit of their consumers, their communities and themselves. With that overarching challenge becoming ever more pressing, HFMA’s 2023 Spring Thought Leadership Retreat brought together leaders from across the industry May 4-5 in Atlanta to consider approaches…
An HFMA podcast episode wins top overall award, and hfm magazine earns a gold for general excellence
An episode of HFMA’s “Voices in Healthcare Finance” podcast and hfm magazine were honored June 27 at the SIIA 43rd Annual AM&P Network EXCEL Awards Gala in Washington, D.C. In total, HFMA took home seven awards. The podcast episode, “How avoiding an awkward waiting room conversation can contribute to better health among transgender people,” earned the…
Annual Conference: HFMA Chair Dennis Dahlen issues a call to action for healthcare finance professionals
The concept of punctuated equilibrium refers to systems that experience isolated episodes of dramatic evolution intermixed with long periods of stasis or something close to it. Dennis Dahlen, who on Tuesday morning was installed as HFMA’s National Chair for FY23-24, thinks the hypothesis applies to healthcare. Speaking to Annual Conference attendees, Dahlen, the CFO of…