3 Best Practices to Reduce the Cost of Healthcare Miscommunication
Will O’Connor discusses the top causes of miscommunication among medical staff and ways to avoid them to ensure patient safety and fewer malpractice claims.
Q&A: Do Price Transparency Regulations Improve the Patient Experience?
Two healthcare finance leaders explain why their organizations are placing more emphasis on patient education and customer service than on new regulations surrounding charge transparency.
Strategic Partnerships in An Era of Value
Healthcare organizations are diving into partnership business models to leverage expertise, advanced analytics, and emerging technologies.
Deceased Medicare Beneficiary Admissions: Accounting for the Causes and Impacts
Hospitals and health systems should be prepared to see a greater financial impact from Medicare hospital admissions that end with beneficiaries being deceased than from such admissions that end with the patients leaving the hospital in an improved condition.
The Value of Financial Analytics
Data analytics and business intelligence are essential tools for effectively managing the financial performance of healthcare organizations.
Monetizing Data: The Key to Realizing the Value of Data Analytics
Healthcare organizations require data analytics to succeed in the emerging value-focused healthcare environment, and through data monetization, in which they use these assets to create economic value, they can realize the value of their investment in the analytics.
Return on Analytics: Addressing the ‘Signals’ in the ‘Noise’
A healthcare organization’s ability to sustain high-value care delivery and ensure its long-term strategic financial viability depends on how effectively it applies data analytics to inform improvement efforts related to quality, cost, and patient experience.
Toward a More Effective Way of Validating Cost Data
Although there are no industry standards for measuring costing accuracy, financial analysts can take steps to ensure the cost number accurately reflects to the true cost of an item.
Managing Mental Health in the Workplace: A Strategy to Retain Employees
The head of a medical billing company implemented policies to support her employees’ mental health, including various accommodations as recommended by the Americans With Disabilities Act.
Price Transparency: The Time Is Now
It is past time for healthcare leaders to start providing greater price transparency for consumers, regardless of the challenges and obstacles to doing so, writes HFMA President and CEO Joseph J. Fifer.