Monument Health revamps its revenue cycle leadership structure for the benefit of patients and the organization
Looking to break through the cultural silos that can hamper operations at hospitals and health systems, Monument Health has engineered a new brand of clinical-finance collaboration. Headquartered in Rapid City, South Dakota, the community-based health system established a dyad leadership structure in which a clinical leader has joint oversight of the revenue cycle. It’s a…
Time to take a fresh look at affiliation options for physicians and health systems
As the healthcare marketplace continues to evolve, posing new challenges and creating new opportunities, so too will affiliation models continue evolve in ways that can best meet current and future needs of healthcare providers. In this environment, health systems and physician practices — both independent and employed — could benefit from taking a fresh look…
Survey: Understanding and mitigating risk in compensating physicians
Important learnings from a February 2020 HFMA-conducted survey about physician compensation, where healthcare organization leaders offer insights on the complexities of the process.
Healthcare M&A: Are you prepared for the pitfalls?
Leaders of hospitals and health systems whose organizations are embarking on a merger or acquisition should be prepared to avoid the many potential pitfalls associated with such an strategic venture.
Healthcare News of Note: Healthcare workers are more emotionally exhausted as pandemic continues
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Most healthcare workers report higher levels of emotional exhaustion since 2019, new-patient wait times for certain specialties average 26 days, and large health disparities are seen among those with employer-sponsored healthcare coverage.
Healthcare News of Note: Nation’s transplant system in need of an overhaul
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Nation’s transplant system under scrutiny, peer comparisons hurt physician well-being, and Dollar General names Healthcare Advisory Panel members.
Healthcare News of Note: Mayo Clinic in Minnesota earns top spot in Best Hospitals ranking
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: 20 hospitals named to the Best Hospitals Honor Roll, HHS declares monkeypox a public health emergency, and a look at maternal mortality rates among high-income countries.
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.
Healthcare News of Note: Telemedicine use for cancer care should be more equitable
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: There’s a need to address inequities in telemedicine use for cancer care, almost 25% of physicians report mistreatment, and most Medicare Advantage enrollees are satisfied with their plan.
Why treating chronic diseases may be costing us more than we think
Healthcare providers should revisit short-sighted care protocols for patients with nonconventional chronic conditions; as they stand, the protocols may save costs initially but ultimately lead to poorer outcomes and greater costs.