hfm April 2022

Novant Health has been ahead of the curve as health systems set up internal travel pools in the hope of attaining a greater level of nurse staffing certainty.

Business risk for health systems has continued to evolve amid huge changes affecting the industry, including those driven by COVID-19. Health system leaders should respond by revisiting their approach to enterprise risk management (ERM) to focus on five areas of risk where their ability to deliver healthcare cost effectively could be compromised: Labor shortages, capital planning amid ongoing change, energy consumption, cyber security and price transparency.

The new program helps boost CFO division diversity by 4 percentage points in a year and a half.

Tammie Jackson believes the healthcare industry’s current workforce challenges are opportunities to redefine workplaces to better attract and retain employees.

As healthcare finance professionals in traditional health settings focus on managing their organizations’ capital commitments and evaluating direct investments in private equity funds to enhance non-operating income, they should monitor two megatrends, involving “Big private equity” and special-purpose acquisition companies (SPACs).

Jill Geisler explains empathetic leadership and its importance for healthcare leaders. She shares ways to cultivate empathy and highlights its potential downside. DEI efforts within organizations can result in extra work for key staff.

Clinical care only accounts for 20% of health outcomes, yet this area is where America disproportionately invests its healthcare resources. To overcome U.S. healthcare’s services-need mismatch, there should be a greater investment in healthy multipliers that help to address the social and economic factors, health behaviors and the physical environment that drive the remaining 80% of health outcomes.

The first quarter of 2022 saw a confluence of trends emerging from the pandemic, some good and some bad for hospitals, making it important for hospitals to take time now to review where they are and what actions they should take to address these trends.

HFMA President and CEO Joe Fifer offers perspectives on the revenue cycle workforce shortage.

HFMA’s Hudson Valley Chapter has been providing members with Excel training for more than 20 years. The program was so popular, it’s now offered regionwide.

Angie Swearingen was promoted to COO at St. Mary’s Medical Center. Richard Chesnos is retiring as CFO of St. Clair Health, and Eric Luttringer will succeed him.lthcare billing practices

A monthly roundup of top news for healthcare finance professionals.

This roundtable features leaders’ insight to help entities evolve in today’s workforce to meet challenges such as regulations and digital adoption.

To address the healthcare industry’s challenges in waste, cost of care and inefficient data usage, one company discusses its support system to assist in decision support and for understanding cost and margins.

In this roundtable, finance leaders discuss tactics they’ve used to implement automated tools and extend their workforce to reduce waste in their revenue cycle processes, aiming to improve patient experience and control costs.