Guest commentary: COVID-19 allows no time for hesitation among healthcare finance professionals
Kaufman Hall's managing director and chair, Ken Kaufman, says leaders of healthcare provider organizations must act now with speed and sophistication to develop the financial foundation for an effective COVID-19 recovery.
Top long-range challenges for healthcare organizations in the aftermath of COVID-19
An industry expert explains why the long-term challenges healthcare organizations will face in the aftermath of the COVID-19 crisis will vary considerably, depending on each organization’s circumstances.
6 major long-term implications for the nation’s healthcare system post-COVID-19
The COVID-19 pandemic’s impact on the nation has historical implications. Among the various national responses, we likely will see investments in strengthening hospitals’ abilities to deploy temporary facilities, draw upon backup staffing and build stockpiles of key items.
And so begins the scrutiny of CARES Act General Fund distributions to hospitals and health systems
HFMA's Chad Mulvany says healthcare providers should keep good records as Health & Human Services' guidance on what data should be supplied in return for CARES Act payments is vague at best.
Possible ‘silver lining’ for rural hospitals seen in attention generated by COVID-19
The COVID-19 pandemic creates an opportunity to focus attention on the fragility of rural hospitals, which may be able to secure needed support as a result.
Health systems may require a smaller real estate footprint post-pandemic
Although there's an opportunity to reduce facility costs and generate revenue by selling idle real estate as a result of telework and virtual care delivery post-pandemic, the transition to virtual visits may have a negative impact on provider revenue that exceeds the savings.
HFMA’s Region 5 raises more than $17k for Charleston, South Carolina, nonprofit, Amor Healing Kitchen
HFMA’s Region 5 came together during the Southeastern Summit to donate $17,320 to Amor Healing Kitchen, a Charleston nonprofit, which serves freshly cooked food to people with cancer or other illnesses.
How hospitals should capture COVID-19 costs to maximize grants from FEMA, CARES Act
To ensure their organizations get a fair share of the billions of dollars in reimbursement and grants available to healthcare providers during COVID-19, finance leaders need a plan for accurately capturing costs.
And the small print taketh away: Providers need to stay updated on HHS changes to the CARES Act Provider Relief Fund terms and conditions
HFMA's Chad Mulvany reviews some of the U.S. Department of Health & Human Service's changes to the terms and conditions related to the CARES Act Provider Relief Fund.
Online community value is apparent amid the COVID-19 outbreak
There has been a surge of activity in HFMA's Community groups since the onset of the COVID-19 pandemic, as HFMA members seek to share insights with their peers to help them respond to the crisis.