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HFMA
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HFMA Announces Marc Scher as National Chair
Las Vegas (June 25, 2024) – The Healthcare Financial Management Association (HFMA) today during its annual conference inducted former KPMG LLP Partner Marc B. Scher, FHFMA, CPA, into office as its National Chair, effective June 1, 2024. Scher, a highly respected leader in the healthcare finance sector, brings nearly 40 years of experience and a…
17 winners receive the 2024 MAP Award for high performance in revenue cycle
Las Vegas (June 24, 2024) – The Healthcare Financial Management Association (HFMA) announced the 2024 winners of the MAP Award for High Performance in Revenue Cycle, including four integrated delivery systems, five hospital systems, three individual hospitals, two critical access hospitals and three physician practices. HFMA’s MAP Award for High Performance in Revenue Cycle recognizes…
Healthcare Financial Management Association Recognizes American Hospital Association President and CEO Rick Pollack for Contributions to Healthcare
(Las Vegas) June 24, 2024 — The Healthcare Financial Management Association (HFMA) presented its highest achievement award, the Richard L. Clarke Board of Directors Award, to Richard J. Pollack today during HFMA’s annual conference in Las Vegas. Pollack serves as president and CEO of the American Hospital Association (AHA), a position he has held since…
The vital relationship between MDs and clinical documentation integrity
High-quality clinical documentation is vital for creating a complete picture of a patient’s health and medical history. Accurate records of diagnoses, medications, tests, treatments and other elements of a patient’s care are crucial in creating the most effective care plan leading to positive outcomes. The quality of a physician’s clinical documentation can also impact payer…
Personalized communication helps State provide the highest possible recovery and patient-satisfaction rates for clients
Learn about a company that combines advanced technology with human interaction to increase recoveries and patient satisfaction.
Reviewing the Current Expected Credit Losses (CECL) In Healthcare
As a response to recent financial crises that occurred in the U.S., the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Subtopic 326-20 of the ASU sets forth the Current Expected Credit Loss (CECL) model that…
Bridging the gap: Integrating value-based care into revenue cycle management
The idea of value-based care (VBC) has existed for decades but only gained momentum since the 2017 implementation of the Merit-based Incentive Payment System (MIPS) and the Quality Payment Program (QPP). VBC incentivizes providers for quality outcomes, unlike fee-for-service models that reimburse providers for each service performed. The ultimate goal of VBC is to improve…
Navigating toward successful contract negotiations with health plans
A group of healthcare leaders discuss various tactics they are using to negotiate better rates with payers and ensure payers’ commitment to accurate, timely payment.
FY 2025 Inpatient Psychiatric Facilities PPS Proposed Rule Summary
HFMA presents a detailed summary of the FY 2025 Inpatient Psychiatric Facilities Prospective Payment System proposed rule, published in the April 3, 2024.
FY 2025 Inpatient Rehabilitation Facility PPS Proposed Rule Summary
HFMA presents a detailed summary of the proposed rule published by CMS on the Medicare inpatient rehabilitation facility prospective payment system updates for FY 2025.