Health First President and CEO Steven Johnson says the business strategy moves toward building membership in the health plan while the hospital becomes a cost center.
Catholic Health Initiatives CEO Kevin Lofton explains the system's strategy for acquiring hospitals and health plans to build a critical mass in its markets and the resources and expertise to manage population health.
Many providers are already seeing the payoff from insurance expansion across the country, but those that haven't are redoubling their sign-up efforts to reach the most challenging of their uninsured patients, panelists said.
Healthcare executives had widespread skepticism that all the stakeholders, and especially physicians, were prepared for ICD-10 procedure and diagnostic code implementation this year before Congress let the healthcare world off the ICD-10 hook.
Hospitals buying physician practices may find they're not speaking the same business language initially. So hospital executives need to adapt to different needs and approaches, experts cautioned HFMA attendees.
Watch this 2-minute interview to learn what trends are encouraging revenue growth for providers, what will impact patient collections, and the biggest challenge facing today's healthcare CFO.
Hear how Bank of America Merrill Lynch is helping healthcare organizations go paperless to streamline operations and enhance profitability.
Consumers are demanding to know what healthcare costs, and providers are struggling to find a way to calculate and explain the numbers—as well as help patients understand what they're obligated to pay.
LifePoint Hospitals' operations CFO John Kerndl says the company successfully mined its patient data to identify patients who would qualify for subsidized coverage through one of the marketplaces. Half of them successfully enrolled in a plan.
Some hospital balance sheets are rebounding to pre-recession levels but declining revenue and shrinking margins are causing credit rating agencies to look askance at the sector, according to industry experts.
Some providers are finding that success with value-based contracts depends on whether they can counter lower inpatient volume by adding new customers.
Modern Healthcare Custom Media talks with Clinical Intelligence CEO Laurie Jaccard at HFMA's ANI convention
AHIMA's Clinical Documentation for ICD-10 by Specialty training provides interactive, online training on the documentation needed by physician and clinicians to support ID-10-CM/PCS coding specificity. Written by physicians, CI specialists, and medical coding experts, this program provides relevant and targeted clinical documentation training and support for physicians, clinicians, and physician practices.
HFMA unveiled a new initiative in its ongoing effort to provide clearer information to patients about their bills. Its latest project covers how to communicate with patients and offers guidelines for price transparency and account resolution.
Joe Fifer, president and CEO of the Healthcare Financial Management Association, previews the HFMA's effort to help healthcare systems rationalize their chargemasters, which are confusing consumers and confounding hospital executives called on to explain them.
“Supply chain sits at the intersection of cost, quality and outcomes,” Karen Conway, executive director of industry relations at GHX, told HFMA attendees Monday. “To do supply chain, you have to have data.”
Coordinating the relationship between nurses and finance professionals is just as critical as is strengthening hospital and physician alignment to drive cost and quality improvement, said Pamela Thompson, CEO of the Association of Nurse Executives.
Dr. Atul Gawande through his books and articles in the New Yorker magazine successfully popularized ideas like adopting checklists to reduce medical error and targeting the sickest and costliest patients as a way of holding down healthcare costs.But during his keynote address Monday to hospital finance officials meeting in Las Vegas at the Healthcare Financial Management Association's Annual National Institute, he ventured into new territory.
Consolidation among healthcare providers is showing no signs of slowing, but more health systems are pursuing alliances from a position of strength rather than to shore up a balance sheet, according to an HFMA report.
About 5,000 of healthcare's money managers are descending on Las Vegas this weekend for the Healthcare Financial Management Association's 2014 National Institute. The focus of the show is how to win in high-stakes healthcare, where the only sure bets are fewer inpatients, more cost-sharing for consumers and more financial risk for providers.
Not long ago Cleveland safety net system MetroHealth was posting losses and cutting jobs. But, as CFO Craig Richmond explains, the organization finished 2013 with a $19 million surplus thanks to the state's Medicaid expansion and a concerted push to deliver care as a patient-centered medical home.
A Modern Healthcare analysis of earnings reports for about 200 hospitals and health systems, both not-for-profit and investor-owned, finds that hospital margins narrowed significantly last year despite an improving economy.
The healthcare industry is experiencing a seismic shift as hospitals and health systems realign. The demands of today's healthcare marketplace are spurring a new wave of acquisitions and affiliations among healthcare organizations. However, as consolidation ramps up, so does the debate about the merits of these mergers.
While the Patient Protection and Affordable Care Act made insurance coverage more attainable for individuals, it also ushered in an era of greater cost-sharing for patients—and a subsequent demand for more price transparency.