Healthcare News of Note: More ransomware attacks mean hospitals and health systems will likely have to increase investment in IT security
Healthcare News of Note for healthcare finance professionals is a roundup of recent news articles: A jump in ransomware attacks may move hospitals to increase IT security, surprise-billing concerns prevent some from seeking the COVID-19 vaccine, and physician shortages spur plan to allow more international candidates.
Survey data highlights shortcomings in private insurance coverage compared with Medicare
Indicators of coverage gaps were more likely to be seen among individuals with private insurance.
Nearly 64% more members enrolled in HFMA certification courses during the COVID-19 pandemic compared with the same six-week period last year
HFMA members are putting their work-from-home situations and downtime due to stay-at-home directives to good use: 2,171 members passed HFMA certification exams between March 13 and April 27, 2020.
USA Senior Care Network provides hospitals with incremental patient volume and increased revenue
One company’s senior director explains how hospitals or health systems can grow their market share without risk of bad debt when joining this company’s network.
Financial Sustainability Report: March 2021
The March Financial Sustainability Report, sponsored by Kaufman Hall, highlights significant changes in the nature of risk that hospitals and health systems face in the post-pandemic world, and how these organizations’ leaders should respond. Other articles explore key success factors in M&A initiatives and tactics for controlling variation in costs for surgical procedures.
Financial Sustainability Report: April 2021
The April Financial Sustainability Report, sponsored by Kaufman Hall, offers results of a health system’s assessment of its costs to deliver telemedicine services. Other content includes a case study of how a large medical group revamped its approach to compensating its employed physicians, and guidance on how to stem the losses many hospitals incur around referrals for ambulatory services.
Financial Sustainability Report: May 2021
The May Financial Sustainability Report, sponsored by Kaufman Hall, describes a new method for compensating physicians that better accounts for each organization’s unique circumstances. It also includes guidance for finance and clinical leaders on how they can work together effectively while acknowledging their differences, and it examines how payer-provider partnerships are helping organizations keep pace with a transforming healthcare industry.
Pilot and Trinity Health COO Ben Carter offers leadership lessons for turbulent times
Ben Carter, FHFMA, CPA, COO of Trinity Health, offers advice for healthcare finance and operations leaders based on his experience as a pilot and flight instructor, which helped him make the transition from CFO to COO even in the midst of the emerging COVID-19 pandemic.
The 2021 outlook for hospitals: Reviews are mixed despite the large number of people already vaccinated in the United States
Most industry voices are predicting 2021 will be a financially challenging year for U.S. hospitals. But the outlook for some hospitals actually may be positive.
Iowa Chapter hosts its first hybrid event
Iowa HFMA program chairs share how they planned and hosted the Chapter’s first hybrid post-pandemic event, providing attendees the option to attend either in person or virtually.