Health systems may require a smaller real estate footprint post-pandemic
Although there's an opportunity to reduce facility costs and generate revenue by selling idle real estate as a result of telework and virtual care delivery post-pandemic, the transition to virtual visits may have a negative impact on provider revenue that exceeds the savings.
Decline in healthcare spending contributing to economic downturn
HFMA's Chad Mulvany says the nation's economy and the health of its citizens could suffer if regular healthcare services continue to lag due to ongoing public concerns about COVID-19.
Enhanced care coordination provides a blueprint for optimal healthcare, former VA Secretary David Shulkin says
The U.S. healthcare system will thrive if leaders and policymakers take steps to promote holistic care and better access, says David Shulkin, MD, former secretary of the Department of Veterans Affairs.
How hospitals should capture COVID-19 costs to maximize grants from FEMA, CARES Act
To ensure their organizations get a fair share of the billions of dollars in reimbursement and grants available to healthcare providers during COVID-19, finance leaders need a plan for accurately capturing costs.
Cardiac Surgical Product Adoption Survey
Survey analysis reveals important learnings from a February 2020 HFMA-conducted study, sponsored by Edwards Lifesciences, about cardiac surgical product adoption.
Factors that Influence Cardiac Surgical Technology Purchases
A visual analysis of a February 2020 HFMA survey about factors that influence cardiac surgical technology decisions.
Survey: Hospitals overspending on corporate services could reduce costs without impacting quality
Important learnings from a November 2019 HFMA-conducted survey about corporate services spending patterns and how organizations could be more efficient and effective with their spend.
Online community value is apparent amid the COVID-19 outbreak
There has been a surge of activity in HFMA's Community groups since the onset of the COVID-19 pandemic, as HFMA members seek to share insights with their peers to help them respond to the crisis.
Why a more modern cost accounting approach in healthcare is needed post-COVID-19
A recent survey by HFMA and Strata Decision Technology found that, although 85% of health systems and 57% of hospitals and medical centers havecost accounting systems, most are not fully adept in using cost data to reduce total cost of care.
Yes Virginia, there is a cost shift: Hospitals with higher occupancy rates due to COVID-19 provide more evidence
HFMA's Chad Mulvany says that even though the COVID-19 pandemic is a unique circumstance, emerging margin data from hospitals in the Northeast provide additional evidence in support of the cost shift.