Finance and Business Strategy

James Heffernan Receives HFMA Individual Achievement Award

Nashville, Tenn. (June 27, 2023) – The Healthcare Financial Management Association (HFMA) today presented James L. Heffernan, FHFMA, MBA, with the 2023 Frederick C. Morgan Individual Achievement Award, honoring career-long contributions to HFMA and to the healthcare finance profession. Heffernan was the senior vice president of finance and treasurer of the Massachusetts General Physicians Organization…

By HFMA June 27, 2023

New HFMA Chair Dennis Dahlen and other directors take office

Nashville, Tenn. (June 27, 2023) – The Healthcare Financial Management Association (HFMA) today inducted Mayo Clinic Chief Financial Officer Dennis E. Dahlen, FHFMA, MBA, CPA, into office as Chair of its Board of Directors for the 2023-24 term, which began on June 1, 2023. In his role as the chief elected officer of HFMA, Dahlen…

By HFMA June 27, 2023

Annual Conference: Health system CFO panel reflects on the importance of embracing change

The healthcare industry is enduring tough times, but finance leaders are equipped to guide their organizations through choppy waters, CFOs said Sunday as part of a panel discussion. Speaking onstage during the opening session of HFMA’s Annual Conference in Nashville, five health system CFOs described how they’ve responded during a tumultuous period that began more…

By Nick Hut June 25, 2023

Annual Conference: New HFMA CEO Ann Jordan describes her vision for the Association

Speaking Sunday at Annual Conference, Ann Jordan articulated her vision for how HFMA can support members and positively affect the healthcare industry. Jordan, who succeeded Joe Fifer as president and CEO on June 6, described growing up on a farm in Iowa (“my first career endeavor at the age of 9 was field labor”), then…

By Nick Hut June 25, 2023

15 winners receive the 2023 MAP Award for high performance in revenue cycle

Chicago, June 25, 2023 – The Healthcare Financial Management Association (HFMA) announced the 2023 winners of the MAP Award for High Performance in Revenue Cycle, including an integrated delivery system, four hospital systems, three individual hospitals, two critical access hospitals and five physician practices. HFMA’s MAP Award for High Performance in Revenue Cycle recognizes providers that have excelled in…

By HFMA June 25, 2023

HFMA and Hospitals magazine collaborate to bring global healthcare community closer

By Olivia Tader HFMA and Hospitals magazine are working together to promote hospital and health system news around the globe. HFMA and Hospitals magazine, a Middle East healthcare magazine, have entered an agreement that allows both organizations to share more widely their content and expertise in hospital management and healthcare finance. “Hospitals magazine is honored…

By Olivia Tader June 22, 2023

Healthcare Blame Game podcast: Reporters are knee-deep in press releases. Most lack context.

Media veteran Jean Hodges joins Brad to discuss a Washington Post error and the inner workings of the modern newsroom.

By Erika Grotto June 21, 2023

Healthcare News of Note: Economic burden of racial and ethnic health disparities in the U.S. grew by 41% in 4-year span

For individuals with less than a college degree in 2018, the total burden of education-related health disparities reached $978 billion, about two times greater than the annual growth rate of the U.S. economy. New research shows that using new technology and delegating specific tasks to other staff could help healthcare organizations address the nursing shortage.…

By Deborah Filipek June 16, 2023

A brief guide to the health-equity journey

Over the past few years, our nation has seen an intensified focus on health equity. Spurred in part by the pandemic, which laid bare the vast human cost of remediable health disparities, both civil society and government are increasingly focused on improving health equity. So are healthcare organizations themselves, many of which are launching or…

By Richard Jackson June 12, 2023

Dave Johnson: Diagnostic determinism — How precision diagnostics will reinvent medicine

In the movie “Star Trek IV:  The Voyage Home,” the spaceship Enterprise travels back in time to San Francisco in the mid-1980s. Its mission is to transport humpback whales into the 23rd century to redirect a space probe heading to destroy earth. It’s a complicated story. While trying to escape police custody, crewmember Pavel Chekov…

By David W. Johnson June 12, 2023
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