COVID-19’s impact on healthcare purchasers’ balance sheets will drive cost reduction efforts after the pandemic
HFMA's Chad Mulvany anticipates a combination of efforts to reduce the growth in per unit prices of healthcare and to reduce the total cost of care on the healthcare delivery system side after the pandemic.
The COVID-19 impact on the revenue cycle for hospitals and other healthcare providers
Hospitals and other providers should be prepared for the impact of COVID-19 on various aspects of the revenue cycle, including billing and coding, patient financial responsibility and resources.
Healthcare organization partnerships with Area Agencies on Aging help reduce the total cost of care
Area Agencies on Aging are well-established resources for enhancing the health and well-being of a community’s elderly population and a natural partner for hospitals as they strive for a holistic approach to caring for older adult patients.
How CFOs can protect patients and clinicians during the COVID-19 pandemic
Marcus Schabacker, MD, PhD, president and CEO of ECRI, offers advice to healthcare CFOs on how they can help ease the burden on clinicians in the ongoing battle against COVID-19.
$100 billion in HHS provider relief funding falls short in reimbursing healthcare organizations for COVID-19 patient care
HFMA's Chad Mulvany details why the Health and Human Service $100 billion in provider relief funding is insufficient to provide the nation's healthcare organizations with financial stability in the face of the pandemic.
Some health plans accelerate hospital payments to provide COVID-19 financial help
Some health plans are accelerating payment processing or offering advances to help stabilize hospitals strained by the effects of the ongoing pandemic.
Details released on how much each provider will receive from $30 billion in CARES funding
Hospitals should have begun receiving CARES Act funding April 10, but the funds require accepting specific terms.
Federal government sending $64 billion this week to providers for coronavirus costs
Hospitals should receive $64 billion in federal grants and loans by the end of this week to help with coronavirus treatment and preparation costs.
5 ways hospitals should prepare to access COVID-19 disaster funding
The nation's hospitals should not delay in taking steps to track and document additional costs and revenue losses associated with COVID-19 cases, which will be necessary to obtain timely access to relief authorized under the CARES Act .
Hospitals should partner with community groups to help educate the recently unemployed about exchange enrollment options
Many of the recently unemployed will qualify for a special enrollment period through the federal or state exchanges if the federal exchange hasn’t reopened.