Annual Conference Day 1: HFMA’s Fifer talks industry challenges, opportunities and the importance of curiosity
The challenges facing the industry are momentous, but healthcare finance professionals should be optimistic about their ability to help find solutions, HFMA President and CEO Joe Fifer said during the kickoff session of the 2021 Annual Conference.
Healthcare News of Note: Patients in the U.S. shouldered more than $21B in cancer care costs in 2019
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: U.S. patient cancer care costs totaled $21.09 billion in 2019, healthcare safety scores fell amid the pandemic, and states are leveraging MCO contracts to improve community SDOH.
The Provider Relief Fund distribution formula may have left some higher-need hospitals at a disadvantage, study finds
Critical access hospitals generally received lower allocations from a targeted distribution pool compared with hospitals that had a better asset mix.
Healthcare News of Note: The negative impact of work on health and well-being is the No. 1 reason nurses gave for why they are planning to leave their job
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Negative impacts of work spur nurses’ plans to leave their jobs, annual healthcare spending is higher than ever for insured individuals, and climate change is having a negative effect on human health.
Healthcare News of Note: Healthcare insurers owe hospitals billions of dollars in payments and are putting more patients in a bind with retroactive claim denials, says Kaiser Health News
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Insurers are behind in billions of dollars in payments to hospitals, the strain on clinicians and staff grows amid the pandemic, and CFO duties involve more digital activities and investor relations.
The CEO of one of the smallest hospitals in the country discusses the opportunities in rural hospitals
Steven Kelley, president and CEO of Ellenville Regional Hospital, a 25-bed critical access hospital in the Catskill region of New York, discusses how his organization drastically reduced ED times and improved outcomes for patients suffering from complications of COVID-19.
Opportunities in the face of crisis: HFMA President and CEO Joe Fifer interviews Sergio Melgar, CFO at UMass Memorial Health
HFMA President and CEO Joe Fifer interviews Sergio Melgar, CFO at UMass Memorial Health, about his history with health systems in peril and what he thinks could come out of pandemic-era changes.
Healthcare M&A activity for Q3 remains low in volume but high in impact, firms report
The number of M&A transactions involving hospitals and health systems remained at historically low levels, but the average revenue involved was far higher than in recent years.
Healthcare News of Note: U.S. will be short 3.2 million lower-wage healthcare workers within 5 years, says Mercer
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: Shortages of lower-wage healthcare workers, nurses, physicians and mental health staff are expected, PHI security and burnout are of concern to most healthcare professionals, and the pandemic is expected to affect health insurance rates.
Healthcare News of Note: Average billed charge for complex COVID-19 hospitalizations is more than three times the allowed amount
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: $317,810 is the average charge for a complex COVID-19 hospitalization, the pandemic has had a unique impact on people with disabilities, and transitional clinic care brings posthospitalization benefits for medically complex patients.