The future of revenue cycle (Part 1)
Nicholas Mendyka of the University of Virginia Health System Medical Center talks about the necessary coordination between clinical and financial for future revenue cycle success. Also: five key considerations for organization integration.
Be prepared: Two ways healthcare providers plan for the unexpected
Privia Health's senior vice president of revenue cycle management discusses physician practice strategies for effective patient financial conversations before service delivery, and in another type of "preparedness," a hospital CEO shares memories of Hurricane Harvey and the steps his facility took to maintain operations.
Reflections on a year of imagining a better tomorrow
Healthcare finance leaders should seek to adopt and promote best practices and inspire their teams to learn, experiment and volunteer, and HFMA can help.
Healthcare without walls: making the vision a reality
A healthcare policy expert describes a vision of care that relies more extensively on virtual platforms and community settings.
Revenue integrity: an evolving function for hospitals and health systems
Hospitals and health systems require a revenue integrity function to best manage revenue cycle processes in today’s healthcare environment.
Closing the gap between the CFO and the ‘next in line’
The new focus on CFOs as strategic business partner requires them to groom successors with broader skill sets that align with future organizational needs.
Managing Mental Health in the Workplace: A Strategy to Retain Employees
The head of a medical billing company implemented policies to support her employees’ mental health, including various accommodations as recommended by the Americans With Disabilities Act.
Aligning Executive Compensation to Strategic Priorities
As hospital boards and executives embark on transformational strategies like clinical integration and population health management, finance leaders are key in helping to set performance targets that are appropriate relative to industry-wide statistics as well as past performance.
An ‘Outside View’ Helps Achieve Return on Analytics
An “outside view” can counter biases and organizational pressures that can skew internal decision-making processes. It also provides a framework for target setting that helps define realistic expected returns.
The 4 Qualities of ‘Next-Level’ Healthcare CFOs
The impact of “next-level” CFOs is felt and seen throughout organizations. For example, by mentoring and coaching to build financial literacy across teams and organizations, these CFOs are seen as proactive and selfless servant leaders who are improving their organizations.