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  • hfm Magazine: December 2015
    That Treat Medicare Patients Face a Challenge from Rising Room Costs Medicare is the most commonly used program in hospitals and room costs are among the highest costs for hospitals in treating Medicare patients Publication Date Tuesday December 01 2015 BACK TO PAGINATION Cover Story Patient Access Innovations Integrating Patients Within the System of Care As the nation s healthcare system continues to be reshaped by the forces of reform increased patient engagement will emerge as a defining outcome of this profound transformation By Daniel J Marino William Faber and Meredith Duncan From the President s Desk Expanding on thoughts in his December 2015 column in hfm HFMA President and CEO Joe Fifer talks about price transparency and organizational viability HFMA Video Spotlight Metrics that Healthcare Organizations Should Track when Engaging in Population Health Management Daniel Marino senior vice president for GE Healthcare Camden Group discusses metrics that healthcare organizations should track when engaging in population health management Early Edition The Rise of Freestanding Emergency Departments Freestanding emergency departments FSEDs are an emerging response to the healthcare industry s growing emphasis on patient convenience and customer service By Jen Johnson and Taryn Nasr Key Variables to Consider in Service Alterations Changes in the healthcare industry have many executives considering alterations to services taking into account several key variables By David J Meckstroth Amy K Dore and Bernard J Kerr Jr From the Editor Rising Drug Costs Brace for the Impact In an era when health care is attempting to increase access and reduce costs rising drugs costs could stymie attempts to improve the health of the population By Daniel R Verdon Features Keys to Success in ACA Marketplace Plan Narrow Networks Can health systems provide lower cost narrow networks while preserving the financial health in a changing healthcare sector Health systems share lessons learned from their experiences By Rich Daly Captive Insurance Is it the Right Choice for Your Insurance Exposures Healthcare organizations should take into account many factors when considering whether to use a captive insurance company to provide insurance protection By Richard C Frese Sidebar About Captives Sidebar Shutting Down a Captive Sidebar Actuarial Analysis for Loss Projections of a Healthcare Captive Commentary A Race Against Time Can CO OPs and Provider Start Ups Survive in the Health Insurance Marketplaces The survival of CO OPs in the health insurance marketplaces may depend on CMS s willingness to make changes to its risk premium stabilization programs By Bill Eggbeer Healthcare Entity Review Recognition Considerations Under New FASB Standard A new standard on revenue recognition issued by the Financial Accounting Standards Board FASB may require unbundling and separate recognition of components of some types of revenue By Thomas E McKee Supplements HFMA Executive Roundtable Reimagining Patient Access Sponsored by Allscripts Publication Advertising Business Profiles Partnering with Providers to Excel in a Rapidly Transforming Revenue Cycle Environment Sponsored by Accretive Health Helping Providers and Employers Build a Foundation for Better Health Sponsored by Conifer Health Solutions Focus Areas Cost and Quality Transforming Operational Throughput Lessons and Successes Faced with the need to expand capacity and close a 50 million gap in target operating margin Texas Children s Hospital undertook an enterprisewide initiative to improve efficiency By Tabitha Rice Jackie Ward and Larry Burnett Integration Funds Flow in the Era of Healthcare Transformation Funds flow methodologies supporting partnerships are becoming more important as healthcare reform calls for greater alignment among healthcare organizations By Karen Bird Michael Reney and Ryan Ross Columns From the Chair Innovation An Essential Element in Healthcare Transformation Today s healthcare industry is teeming with innovation It s the perfect go beyond environment By Melinda S Hancock FHFMA CPA From the President The Link Between Price Transparency and Organizational Viability The biggest obstacle to healthcare price transparency may be ambivalence and resolving that ambivalence is crucial in today s competitive landscape By Joseph J Fifer FHFMA CPA Eye on Washington Expanding Healthcare Coverage Gets Harder About 30 million Americans are without healthcare coverage Providers must help promote awareness of subsidies enrollment periods and coverage requirements By Chad Mulvany Healthcare Reform Going Beyond Reporting Variation in Health Care Comparisons of healthcare variation in different countries might pinpoint opportunities for improvement including in the U S By William B Weeks Etcetera Member Profile Book of Love HFMA member Charles Acquisito compiled and published this year a book of life advice from golfers as a gift to his son Data Trends Hospitals That Treat Medicare Patients Face a Challenge from Rising Room Costs Medicare is the most commonly used program in hospitals and room costs are among the highest costs for hospitals in treating Medicare patients Publication Date Tuesday December 01 2015 Please login to add your comments Advertisements HFMA Business Profiles McKesson Leveraging Predictive Analytics to Rein in Operating Costs A leader from McKesson discusses how healthcare reform is forcing hospitals and health systems to take a different approach to capacity management and patient flow HFMA RESOURCE LIBRARY 6 Patient Revenue Cycle Metrics You Should Be Tracking and How to Improve Your Results Patient financial engagement is more challenging than ever and more critical With patient responsibility as a percentage of revenue on the rise providers have seen their billing related costs and accounts receivable levels increase If increasing collection yield and reducing costs are a priority for your organization the metrics outlined in this presentation will provide the framework you need to understand what s working and what s not in order to guide your overall patient financial engagement initiatives and optimize results HFMA Business Profiles Accretive Health Partners with Providers to Excel in a Rapidly Transforming Revenue Cycle Environment Emad Rizk MD president and CEO of Accretive Health discusses the uncertainty facing hospitals and the transitions affecting revenue cycle management HFMA RESOURCE LIBRARY 10 Ways to Reduce Patient Statement Volume and Reduce Costs No two patients are the same Each has a very personal healthcare experience and each has distinct financial needs and preferences that have an impact on

    Original URL path: http://www.hfma.org/Content.aspx?id=43647 (2016-02-10)
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  • hfm Magazine: November 2015
    Bodnar Etcetera Brotherly Boost HFMA Member Volunteers as Financial Analyst for Microfinancing Intitiative Scott Purcell is a financial analyst for Peer Servants an organization that partners with indigenous microfinance organizations in 11 developing countries Publication Date Sunday November 01 2015 BACK TO PAGINATION Cover Story Developing a Neighborhood Primary Care Strategy Developing a sustainable primary care workforce requires the right geographic presence the right patient care model or models and the right primary care professional staff and support staff By Marc D Halley Sarah D Montijo Dale L Gentz and Lauri M Miro From the President s Desk Expanding on thoughts in his November 2015 column in hfm HFMA President and CEO Joe Fifer talks about the importance of consumer engagement HFMA Video Spotlight Starting on the Journey to Clinical Integration Daniel Marino senior vice president The Camden Group discusses considerations for healthcare organizations that are embarking on population health management and clinical integration Early Edition Budget Management in an Electronic Health Record Implementation Project Electronic health record system implementations are notorious for running over budget and behind schedule Effective budget management is crucial to success By Tiankai Wang Yangmei Wang and Jackie Moczygemba Features Identifying Market and Network Opportunities for Population Health Management Two key processes required for effective population health management PHM are to identify market opportunities and to determine the scope of the PHM network By Mark E Grube Anand Krishnaswamy John Poziemski and Robert W York Rural Hospitals An Asset in the Continuum of Care Rural hospitals are an essential part of a larger geographic strategy that can be effectively aligned with a regional provider By Kelly Arduino Should Medicare Advantage Plans Try to Attract the Sick An increasingly popular option for health systems Medicare Advantage offers substantial savings for those that are able to attract sicker patients By M Orry Jacobs Revenue Risk and Price Transparency in Hospital Based Laboratories Hospital finance leaders should prepare for changes in payment for laboratory services and increasing demand for greater price transparency regarding such services By Jeffrey H Myers Reducing Security Risk Using Data Loss Prevention Technology Data breaches in the healthcare industry are gaining popularity affecting millions this year alone The right technology is integral to improving security of health records By John Beeskow The Low Risk High Return of Integrative Health Services Integrative health modalities have been gathering steam as effective supplemental treatments Now they re being seen as a financial boon as well By Ruthann Russo Ian Diener and Michael Stitcher Supplements HFMA Educational Reports Developing a Blueprint for Accountable Care Sponsored by 3M Health Information Systems Key Strategies for Modernizing the Revenue Cycle Sponsored by Optum360 HFMA Executive Roundtable The Changing Role of Revenue Cycle Leaders in a Value Based World Sponsored by Adreima Publication Advertising Business Profiles Enabling Transformative Change Sponsored by Optum Optimizing Accounts Receivable in a Rapidly Changing Environment Sponsored by Ontario Systems Special Advertising Section Making the Revenue Cycle Consumer Friendly Ad Index Focus Areas Payment What Does an MRI Cost As hospitals integrate departments into their operations activity based costing will ensure an accurate calcula tion for the cost of individual procedures By David W Young Revenue Cycle Every Penny Counts Interest Free Loan Program Could Benefit Both Hospitals And Patients With many patients struggling to pay medical bills hospitals and health systems must change the way they approach payment By Jackie Hinderks and Amanda Wreede Columns From the Chair Going Beyond the Acute Care Space Today s new payment models challenge healthcare providers to go beyond the acute care space and manage care across the continuum By Melinda S Hancock FHFMA CPA From the President Advance Directives Time to Break the Last Taboo in Health Care An advance care planning program is an effective alternative to advance directives that is grounded shared decision making between patients and providers By Joseph J Fifer FHFMA CPA From the Editor Health Insurance Marketplaces Open But Not Without Risk The third open enrollment for the federal health insurance marketplace signals an insurance industry in the midst of great transition By Daniel R Verdon Eye on Washington The Uncertain Future of the Affordable Care Act s Cadillac Tax The Cadillac tax is one of two provisions of the Affordable Care Act aimed directly at slowing the growth of healthcare spending By Gail R Wilensky Integration Why Should Health Systems Affiliate Only Once It can be a worthwhile exercise for health system leaders to question their assumptions particularly with respect to what it means to integrate By Keith D Moore and Dean C Coddington Business Intelligence Getting Ahead on Price Transparency A Playbook for Healthcare Finance Leaders Healthcare providers face a challenge in not only making pricing transparent to patients but also ensuring it is justifiable and reflects of the value of the care delivered By David Whitehouse Healthcare Value The Future of Patient Engagement Even in the wake of significant advances in technology a common theme throughout HFMA s ninth annual Thought Leadership Retreat was the need for human interaction to truly engage and activate patients By James H Landman Healthcare Reform Lessons from the Latest Medicare ACO Report Card Financial and quality performance results of the Medicare ACO programs for the past three years indicate there is a learning curve that all ACOs must climb By Ken Perez Capital Finance Considering Whether to Outsource Real Estate and Data Storage Needs As payers exert increasing cost pressure on health systems amid growing payment reforms overlooked sources for savings could include the organization s data storage systems By Christopher R Bodnar Etcetera Brotherly Boost HFMA Member Volunteers as Financial Analyst for Microfinancing Intitiative Scott Purcell is a financial analyst for Peer Servants an organization that partners with indigenous microfinance organizations in 11 developing countries Publication Date Sunday November 01 2015 Please login to add your comments Advertisements HFMA Business Profiles McKesson Leveraging Predictive Analytics to Rein in Operating Costs A leader from McKesson discusses how healthcare reform is forcing hospitals and health systems to

    Original URL path: http://www.hfma.org/Content.aspx?id=43063 (2016-02-10)
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  • hfm Magazine: October 2015
    Healthcare Bad Debt Expense Managing accounts receivable A R will become increasingly difficult as more patients enroll in insurance plans that require them to pay more out of pocket for care By William Shoemaker Publication Date Thursday October 01 2015 BACK TO PAGINATION Cover Story Mandatory Bundled Payment Getting into Formation for Value Based Care Success under Medicare s new mandatory bundled payment model will depend on strong collaboration among hospitals physicians skilled nursing facilities home health providers and others By John Fink From the President s Desk Expanding on thoughts in his October 2015 column in hfm HFMA President and CEO Joe Fifer talks about the importance of consumer engagement HFMA Video Spotlight Medicare s Bold Strategy for Reforming Payment Ken Perez vice president of healthcare policy Omnicell Inc talks about the impact of Medicare s push to emphasize value based payment models Early Edition Implementing Post Acute Networks to Support Your Bundled Payment Program Inexperienced in the post acute arena hospitals are faced with the challenge of creating successful programs supporting illness and disability management By Sheldon Hamburger Questions About GME Persist Following IOM Report Following the Institute of Medicine s report on GME more guidance is needed regarding the cost of GME the sources of its funding and its strategic intent By David W Young Features Mandated Bundled Payments Compel Hospitals to Rethink Post Acute Care Medicare s Comprehensive Care for Joint Replacement program signals an evolution in payment that demands a strong strategic response from hospitals and health systems including development of a post acute care network strategy By Deirdre Baggot and Andy Edeburn Pricing Commodity Outpatient Procedures Assessing the Impact Can hospitals lower prices for endoscopic surgery imaging and other commodity outpatient services to compete against lower cost providers William Cleverley PhD provides a step by step analysis By William O Cleverley Case Study Henry Ford Health System s 340B Drug Program Built for the Road Ahead The 340B Drug Pricing Program is helping one health system meet the needs of patients who continue to require assistance with the costs of care By Alexander Mansour Supplements HFMA Action Briefs Rethinking Revenue Cycle Management Moving Toward Enterprise Wide Operations Sponsored by Cerner Guidance for Capital Strategies on Mergers Acquisitions Sponsored by KeyBank Publication Advertising Business Profiles Bending the Healthcare Cost Curve Toward Improved Anesthesia Value Sponsored by Somnia Navigating Revenue Cycle Management Challenges as Value Based Purchasing Emerges Sponsored by PMMC Ad Index Focus Areas Payment Preparing for the Costs of XR 29 A New Standard for CT Radiation Dose Monitoring In January 2016 Medicare will implement a new payment incentive aimed at promoting adoption of a new standard for outpatient computed tomography studies By Sheila M Sferrella Integration Moving Beyond the EHR a Secenario Based Approach to Designing Integrated Delivery Systems When planning integrated delivery systems organizations should evaluate how their IT landscape must change to support a new integrated business model that will include various stakeholders both within and outside the network By Todd Ellis and Roey Moran Columns From the Chair Healthcare Payment Trends We Have to Go Beyond Having the ability to manage multiple payment models simultaneously may be necessary to improve the quality and value of health care By Melinda S Hancock FHFMA CPA From the President Healthcare Consumers Should Have a Voice in Developing New Payment Models The healthcare industry should take a step beyond price transparency and engage consumers in the process of developing new payment models By Joseph J Fifer FHFMA CPA From the Editor ICD 10 s Challenges and Opportunities By strengthening documentation and data about encounters and outcomes ICD 10 promises to improve collaboration among healthcare professionals on care costs and transparency By Daniel R Verdon Eye on Washington A Prescription for Change Proposed changes to the 340B drug pricing program have hospitals worried that savings will shrink significantly By Maureen Testoni Healthcare Value Health Care s Patient Safety Crisis John Byrnes MD healthcare quality consultant notes that there are myriad reasons why hospitals and healthcare systems struggle with patient safety but says solutions are within reach By John Byrnes Healthcare Reform A New Role for Healthcare Insurers William B Weeks MD PhD MBA notes that in an era of healthcare reform insurers can play an active role in helping consumers decide what healthcare quality information is accurate and useful By William B Weeks Etcetera Fraternally Yours A Healthcare Finance Leader Supports a 90 Year Old Fraternity HFMA member Ronald Kovener served as president of the alumni corporation that owns and maintains the Delta Upsilon chapter house at Indiana University in Bloomington Data Trends Patterns in Healthcare Bad Debt Expense Managing accounts receivable A R will become increasingly difficult as more patients enroll in insurance plans that require them to pay more out of pocket for care By William Shoemaker Publication Date Thursday October 01 2015 Please login to add your comments Advertisements HFMA Business Profiles McKesson Leveraging Predictive Analytics to Rein in Operating Costs A leader from McKesson discusses how healthcare reform is forcing hospitals and health systems to take a different approach to capacity management and patient flow HFMA RESOURCE LIBRARY 6 Patient Revenue Cycle Metrics You Should Be Tracking and How to Improve Your Results Patient financial engagement is more challenging than ever and more critical With patient responsibility as a percentage of revenue on the rise providers have seen their billing related costs and accounts receivable levels increase If increasing collection yield and reducing costs are a priority for your organization the metrics outlined in this presentation will provide the framework you need to understand what s working and what s not in order to guide your overall patient financial engagement initiatives and optimize results HFMA Business Profiles Accretive Health Partners with Providers to Excel in a Rapidly Transforming Revenue Cycle Environment Emad Rizk MD president and CEO of Accretive Health discusses the uncertainty facing hospitals and the transitions affecting revenue cycle management HFMA RESOURCE LIBRARY 10 Ways to Reduce Patient Statement

    Original URL path: http://www.hfma.org/Content.aspx?id=41434 (2016-02-10)
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  • Early Careerist
    largest network of healthcare finance professionals Career Services Inquiries For more information about the HFMA Certification Programs and Career Resources contact the Career Services Department at careerservices hfma org or at 800 252 4362 and ask for Career Services BACK TO PAGINATION If you re new to healthcare financial management or would like to know how to enter the field HFMA recommends the following actions and resources Steps to get you started Review the HFMA How To Advance a Career checklist Create a career profile in your Job Seeker Account Resources include job openings job alerts resume tips career coaching etc Consider a mentor Mentors are invaluable because of their first hand perspective Is there a leader in your organization or in the industry who you admire Ask them if they would be willing to mentor you if not ask them if they have any advice Identify and assess your transferable skills Understand the required competencies for the position you seek and develop the competencies you need to qualify Create a professional network Join HFMA Renew HFMA membership Self Assessments What is a self assessment about Taking the assessment is easy and you can use the results of the skills assessment to initiate career development by acquiring the skills you need for a particular position New self assessments will be posted soon In the meantime if you require assistance please contact careerservices hfma org Articles Career Advancement What Career Advancement Sound Advice for Making It Happen What do I need to do to get into Healthcare Financial Management Job Occupation Career or Vocation Entering the Healthcare Financial Management Field How about a career in Healthcare Financial Management Resources Subscribe to Healthcare Financial Management Job Listing Newsletter How much are you worth HFMA Compensation Surveys requires HFMA member login Online eLearning for Individuals HFMA Certification programs Why Join HFMA With an HFMA membership you gain immediate access to the largest network of healthcare finance professionals Career Services Inquiries For more information about the HFMA Certification Programs and Career Resources contact the Career Services Department at careerservices hfma org or at 800 252 4362 and ask for Career Services Please login to add your comments Advertisements HFMA Business Profiles McKesson Leveraging Predictive Analytics to Rein in Operating Costs A leader from McKesson discusses how healthcare reform is forcing hospitals and health systems to take a different approach to capacity management and patient flow HFMA RESOURCE LIBRARY 6 Patient Revenue Cycle Metrics You Should Be Tracking and How to Improve Your Results Patient financial engagement is more challenging than ever and more critical With patient responsibility as a percentage of revenue on the rise providers have seen their billing related costs and accounts receivable levels increase If increasing collection yield and reducing costs are a priority for your organization the metrics outlined in this presentation will provide the framework you need to understand what s working and what s not in order to guide your overall patient financial engagement initiatives and optimize results HFMA Business Profiles Accretive Health Partners with Providers to Excel in a Rapidly Transforming Revenue Cycle Environment Emad Rizk MD president and CEO of Accretive Health discusses the uncertainty facing hospitals and the transitions affecting revenue cycle management HFMA RESOURCE LIBRARY 10 Ways to Reduce Patient Statement Volume and Reduce Costs No two patients are the same Each has a very personal healthcare experience and each has distinct financial needs and preferences that have an impact on how when and if they chose to pay their healthcare bill It s no longer effective to apply static billing techniques to solve the complex challenge of collecting balances from patients The need to tailor financial conversations and payment options to individual needs and preferences is critical This presentation provides 10 recommendations that will not only help you improve payment performance through a more tailored approach but take control of rising collection costs HFMA Business Profiles Conifer Health Solutions Helping Providers and Employers Build a Foundation for Better Health Jim Bohnsack vice president solution corporate development for Conifer Health Solutions explains how the company helps healthcare providers leverage data to deliver better outcomes while optimizing reimbursement for all payment arrangements HFMA RESOURCE LIBRARY Reduce Patient Balances Sent to Collection Agencies Approaching New Problems with New Approaches This white paper written by Apex Vice President of Solutions and Services Carrie Romandine discusses the importance of patient segmentation and messaging specifically related to the patient revenue cycle Applying strategic messaging that is tailored to each patient type will not only better educate consumers on payment options specific to their billing needs but it will maximize the amount collected before sending to collections Further targeted messaging should be applied across all points of patient interaction i e point of service customer service patient statements and analyzed regularly for maximized results HFMA Business Profiles Ontario Systems Optimizing Accounts Receivable in a Rapidly Changing Environment Steve Scibetta senior director of channel sales for Ontario Systems healthcare product line shares insights into effectively managing receivables HFMA RESOURCE LIBRARY The Future of Online Patient Billing Portals This white paper written by Apex President Patrick Maurer discusses methods to increase patient adoption of online payments Providers are now seeking ways to incrementally collect more payments due from patients as well as speeding up the rate of collections This white paper shows why patient centric approaches to online payment portals are important complements to traditional provider centric approaches HFMA Business Profiles Optum Enabling Transformative Change Elena White vice president of risk quality and network solutions for Optum discusses how healthcare providers can leverage data and technology as they enable risk in their organization HFMA RESOURCE LIBRARY Payment Portals Can Improve Self Pay Collections and Support Meaningful Use Increased electronic engagement between healthcare providers and patients provides significant opportunities for improving revenue cycle metrics and encouraging patients to access EHRs This article written by Apex Founder and CEO Brian Kueppers explores a number of strategies to create synergy between patient billing online payment

    Original URL path: http://www.hfma.org/Content.aspx?id=65 (2016-02-10)
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  • Manage My Career
    the largest network of healthcare finance professionals Career Services Inquiries For more information about the HFMA Certification Programs and Career Resources contact the Career Services Department at careerservices hfma org or at 800 252 4362 and ask for Career Services BACK TO PAGINATION A successful career in healthcare financial management requires you to develop and maintain both technical and managerial competencies The healthcare finance industry needs managers who have technical strengths and are willing to assume leadership Promotions are earned by providing results HFMA suggests the following for developing your fullest potential Steps to get you started Review the How To Advance a Career checklist Assess your skills and competencies Join HFMA Renew your membership Understand the competencies of your organization and your industry and create a network to gradually build a pipeline of job leads and to learn about and solidify career interests Become the resident expert Develop and share your technical knowledge and skills by earning an HFMA Certification Take the challenge Volunteer for special projects and be willing to assume leadership responsibility Hone your public speaking and presentation skills Successful managers and executives know how to communicate to varied constituencies Toastmasters International Self Assessments What is a self assessment about A self assessment should be among the first steps you take when choosing a career direction Learning about yourself helps you select what direction to pursue New self assessments will be posted soon In the meantime if you require assistance please contact careerservices hfma org Articles What Does It Take To Get That Promotion The Three Circles of Career Advancement Managing People When You Really Don t Like To Mentoring in Health Care A Protege s Perspective When It s Time to Say Goodbye A Formula for Success for Women and Men in Leadership The New Leader s 100 Day Action Plan How to Take Charge Build Your Team and Get Immediate Results Jayme A Check et al The authoritative updated and revised action plan for leaders entering new roles Resources How much are you worth HFMA Compensation Surveys requires HFMA member login Sign up with the HFMA Job Bank HFMA s Seminars Online eLearning for Individuals HFMA Certification programs Why Join HFMA With an HFMA membership you gain immediate access to the largest network of healthcare finance professionals Career Services Inquiries For more information about the HFMA Certification Programs and Career Resources contact the Career Services Department at careerservices hfma org or at 800 252 4362 and ask for Career Services Please login to add your comments Advertisements HFMA Business Profiles McKesson Leveraging Predictive Analytics to Rein in Operating Costs A leader from McKesson discusses how healthcare reform is forcing hospitals and health systems to take a different approach to capacity management and patient flow HFMA RESOURCE LIBRARY 6 Patient Revenue Cycle Metrics You Should Be Tracking and How to Improve Your Results Patient financial engagement is more challenging than ever and more critical With patient responsibility as a percentage of revenue on the rise providers have seen their billing related costs and accounts receivable levels increase If increasing collection yield and reducing costs are a priority for your organization the metrics outlined in this presentation will provide the framework you need to understand what s working and what s not in order to guide your overall patient financial engagement initiatives and optimize results HFMA Business Profiles Accretive Health Partners with Providers to Excel in a Rapidly Transforming Revenue Cycle Environment Emad Rizk MD president and CEO of Accretive Health discusses the uncertainty facing hospitals and the transitions affecting revenue cycle management HFMA RESOURCE LIBRARY 10 Ways to Reduce Patient Statement Volume and Reduce Costs No two patients are the same Each has a very personal healthcare experience and each has distinct financial needs and preferences that have an impact on how when and if they chose to pay their healthcare bill It s no longer effective to apply static billing techniques to solve the complex challenge of collecting balances from patients The need to tailor financial conversations and payment options to individual needs and preferences is critical This presentation provides 10 recommendations that will not only help you improve payment performance through a more tailored approach but take control of rising collection costs HFMA Business Profiles Conifer Health Solutions Helping Providers and Employers Build a Foundation for Better Health Jim Bohnsack vice president solution corporate development for Conifer Health Solutions explains how the company helps healthcare providers leverage data to deliver better outcomes while optimizing reimbursement for all payment arrangements HFMA RESOURCE LIBRARY Reduce Patient Balances Sent to Collection Agencies Approaching New Problems with New Approaches This white paper written by Apex Vice President of Solutions and Services Carrie Romandine discusses the importance of patient segmentation and messaging specifically related to the patient revenue cycle Applying strategic messaging that is tailored to each patient type will not only better educate consumers on payment options specific to their billing needs but it will maximize the amount collected before sending to collections Further targeted messaging should be applied across all points of patient interaction i e point of service customer service patient statements and analyzed regularly for maximized results HFMA Business Profiles Ontario Systems Optimizing Accounts Receivable in a Rapidly Changing Environment Steve Scibetta senior director of channel sales for Ontario Systems healthcare product line shares insights into effectively managing receivables HFMA RESOURCE LIBRARY The Future of Online Patient Billing Portals This white paper written by Apex President Patrick Maurer discusses methods to increase patient adoption of online payments Providers are now seeking ways to incrementally collect more payments due from patients as well as speeding up the rate of collections This white paper shows why patient centric approaches to online payment portals are important complements to traditional provider centric approaches HFMA Business Profiles Optum Enabling Transformative Change Elena White vice president of risk quality and network solutions for Optum discusses how healthcare providers can leverage data and technology as they enable risk in their organization HFMA

    Original URL path: http://www.hfma.org/Content.aspx?id=64 (2016-02-10)
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  • Develop My Team
    HFMA Compensation Surveys requires HFMA member login Career Services Inquiries For more information about the HFMA Certification Programs and Career Resources contact the Career Services Department at careerservices hfma org or at 800 252 4362 and ask for Career Services BACK TO PAGINATION Healthcare organizations in today s challenging economy recognize their workforce as their most valuable asset As such workforce development has become a primary business strategy Discover the resources for developing the talents knowledge and skill sets of your staff members Steps to get you started Review the Develop My Team Member checklist What are the business goals of your department and organization Sign up with the HFMA Job Bank for employer resources Does your staff have the knowledge skills and abilities to meet those business goals See assessments Do you know your team s career and learning goals Have you identified the high performers and those on your team with high potential Does your organization have internal resources that can either help you with your plan or provide learning experiences Articles The Three Circles of Career Advancement Talent Management in a Time of Cost Management Developing Leadership in Healthcare Organizations Case Study Career Tracks at Baylor All Saints Hospital in Ft Worth Hiring Get it Right the First Time Job Descriptions Samples Sample Director Division of Surgery Administration Sample Director Finance Sample Director Operations Finance Sample Director Patient Access Sample Director Patient Registration Sample VP Revenue Cycle Sample Surgery Department Administrator Sample Manager Medical Department Revenue Cycle Assessments What is a self assessment about Use the HFMA self assessments to assist employees and you to learn about themselves what areas they need to work on and the career direction they may consider with your assistance The self assessments present HFMA s finance competencies and are structured to identify required capabilities for the professional staff managerial and executive levels New self assessments will be posted soon In the meantime if you require assistance please contact careerservices hfma org Other Resources HFMA s Job Bank Post a Job View resumes Email Sign Up Receive special news and offers in recruitment advertising eLearning for Individuals eLearning for Organizations HFMA Certification programs HFMA Compensation Surveys requires HFMA member login Career Services Inquiries For more information about the HFMA Certification Programs and Career Resources contact the Career Services Department at careerservices hfma org or at 800 252 4362 and ask for Career Services Please login to add your comments Advertisements HFMA Business Profiles McKesson Leveraging Predictive Analytics to Rein in Operating Costs A leader from McKesson discusses how healthcare reform is forcing hospitals and health systems to take a different approach to capacity management and patient flow HFMA RESOURCE LIBRARY 6 Patient Revenue Cycle Metrics You Should Be Tracking and How to Improve Your Results Patient financial engagement is more challenging than ever and more critical With patient responsibility as a percentage of revenue on the rise providers have seen their billing related costs and accounts receivable levels increase If increasing collection yield and reducing costs are a priority for your organization the metrics outlined in this presentation will provide the framework you need to understand what s working and what s not in order to guide your overall patient financial engagement initiatives and optimize results HFMA Business Profiles Accretive Health Partners with Providers to Excel in a Rapidly Transforming Revenue Cycle Environment Emad Rizk MD president and CEO of Accretive Health discusses the uncertainty facing hospitals and the transitions affecting revenue cycle management HFMA RESOURCE LIBRARY 10 Ways to Reduce Patient Statement Volume and Reduce Costs No two patients are the same Each has a very personal healthcare experience and each has distinct financial needs and preferences that have an impact on how when and if they chose to pay their healthcare bill It s no longer effective to apply static billing techniques to solve the complex challenge of collecting balances from patients The need to tailor financial conversations and payment options to individual needs and preferences is critical This presentation provides 10 recommendations that will not only help you improve payment performance through a more tailored approach but take control of rising collection costs HFMA Business Profiles Conifer Health Solutions Helping Providers and Employers Build a Foundation for Better Health Jim Bohnsack vice president solution corporate development for Conifer Health Solutions explains how the company helps healthcare providers leverage data to deliver better outcomes while optimizing reimbursement for all payment arrangements HFMA RESOURCE LIBRARY Reduce Patient Balances Sent to Collection Agencies Approaching New Problems with New Approaches This white paper written by Apex Vice President of Solutions and Services Carrie Romandine discusses the importance of patient segmentation and messaging specifically related to the patient revenue cycle Applying strategic messaging that is tailored to each patient type will not only better educate consumers on payment options specific to their billing needs but it will maximize the amount collected before sending to collections Further targeted messaging should be applied across all points of patient interaction i e point of service customer service patient statements and analyzed regularly for maximized results HFMA Business Profiles Ontario Systems Optimizing Accounts Receivable in a Rapidly Changing Environment Steve Scibetta senior director of channel sales for Ontario Systems healthcare product line shares insights into effectively managing receivables HFMA RESOURCE LIBRARY The Future of Online Patient Billing Portals This white paper written by Apex President Patrick Maurer discusses methods to increase patient adoption of online payments Providers are now seeking ways to incrementally collect more payments due from patients as well as speeding up the rate of collections This white paper shows why patient centric approaches to online payment portals are important complements to traditional provider centric approaches HFMA Business Profiles Optum Enabling Transformative Change Elena White vice president of risk quality and network solutions for Optum discusses how healthcare providers can leverage data and technology as they enable risk in their organization HFMA RESOURCE LIBRARY Payment Portals Can Improve Self Pay Collections and Support Meaningful Use Increased

    Original URL path: http://www.hfma.org/Content.aspx?id=73 (2016-02-10)
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  • Career Self-Assessments
    president and CEO of Accretive Health discusses the uncertainty facing hospitals and the transitions affecting revenue cycle management HFMA RESOURCE LIBRARY 10 Ways to Reduce Patient Statement Volume and Reduce Costs No two patients are the same Each has a very personal healthcare experience and each has distinct financial needs and preferences that have an impact on how when and if they chose to pay their healthcare bill It s no longer effective to apply static billing techniques to solve the complex challenge of collecting balances from patients The need to tailor financial conversations and payment options to individual needs and preferences is critical This presentation provides 10 recommendations that will not only help you improve payment performance through a more tailored approach but take control of rising collection costs HFMA Business Profiles Conifer Health Solutions Helping Providers and Employers Build a Foundation for Better Health Jim Bohnsack vice president solution corporate development for Conifer Health Solutions explains how the company helps healthcare providers leverage data to deliver better outcomes while optimizing reimbursement for all payment arrangements HFMA RESOURCE LIBRARY Reduce Patient Balances Sent to Collection Agencies Approaching New Problems with New Approaches This white paper written by Apex Vice President of Solutions and Services Carrie Romandine discusses the importance of patient segmentation and messaging specifically related to the patient revenue cycle Applying strategic messaging that is tailored to each patient type will not only better educate consumers on payment options specific to their billing needs but it will maximize the amount collected before sending to collections Further targeted messaging should be applied across all points of patient interaction i e point of service customer service patient statements and analyzed regularly for maximized results HFMA Business Profiles Ontario Systems Optimizing Accounts Receivable in a Rapidly Changing Environment Steve Scibetta senior director of channel sales for Ontario Systems healthcare product line shares insights into effectively managing receivables HFMA RESOURCE LIBRARY The Future of Online Patient Billing Portals This white paper written by Apex President Patrick Maurer discusses methods to increase patient adoption of online payments Providers are now seeking ways to incrementally collect more payments due from patients as well as speeding up the rate of collections This white paper shows why patient centric approaches to online payment portals are important complements to traditional provider centric approaches HFMA Business Profiles Optum Enabling Transformative Change Elena White vice president of risk quality and network solutions for Optum discusses how healthcare providers can leverage data and technology as they enable risk in their organization HFMA RESOURCE LIBRARY Payment Portals Can Improve Self Pay Collections and Support Meaningful Use Increased electronic engagement between healthcare providers and patients provides significant opportunities for improving revenue cycle metrics and encouraging patients to access EHRs This article written by Apex Founder and CEO Brian Kueppers explores a number of strategies to create synergy between patient billing online payment portals and electronic health record EHR software to realize a high ROI in speed to payment patient satisfaction and portal

    Original URL path: http://www.hfma.org/SelfAssessment/ (2016-02-10)
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  • Renew Your Membership Today
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