Category Archives: Industry Topics

CMS 2019 Proposed PFS Rule: Where to start

By | October 10, 2018

Many of you are likely aware that the Centers for Medicare and Medicaid Services (CMS) released the following rule for comment, which were due in September: Medicare Program Revisions to Payment Policies Under the Physician Fee Schedule and Other Revisions to Part B for CY 2019; Medicare Shared Savings Program Requirements; Quality Payment Program; and Medicaid Promoting Interoperability… Read More »

Introducing HFMA’s “Healthcare Delivery Transformation Committee!”

This fall two of the HFMA MA-RI Chapter’s Committees, the Enterprise Performance Management / Physician Practice Management Committee and the Managed Care Committee merged to form the newly founded “Healthcare Delivery Transformation Committee.”  The merger is a result of the changing healthcare delivery landscape; there are far more similarities than differences among the operational and financial concerns of managed… Read More »

Are you a Knowledge Worker?

By | October 2, 2018

Many of the HFMA members reading this blog post are likely defined as “knowledge workers” – a term coined by management guru Peter Drucker back in the mid-20th century. Knowledge workers are individuals who work with their heads, not their hands (maybe other than to utilize Excel and PowerPoint to the point of exhaustion) to plan, contribute, and… Read More »

Evolving Healthcare Strategy

By | September 25, 2018

CVS Health announced its intention to purchase Aetna. Cigna Corp. has announced an agreement to buy Express Scripts. Amazon, JPMorgan Chase & Co., and Berkshire Hathaway have joined forces on healthcare. Partners HealthCare is in talks with Harvard Pilgrim Health Care, and recently closed its purchase of Massachusetts Eye and Ear. Beth Israel Deaconess Medical Center, Lahey Health… Read More »

Final video in the series – Payer Mix – Check it out

By | September 18, 2018

In advance of our New To Healthcare event this Friday, we’re posting this 7-minute educational video.  The Massachusetts-Rhode Island chapter of HFMA teamed up with the Massachusetts Medical Society to create these videos featuring leaders in the local healthcare industry. This is the third of three. Video by Stephen Jenney, CPA, MS, Chief Financial Officer, BWPO

Another great video tutorial on Cash vs. Accrual

By | September 18, 2018

In advance of our New To Healthcare event this Friday, we’re posting this 14-minute educational video.  The Massachusetts-Rhode Island chapter of HFMA teamed up with the Massachusetts Medical Society to create these videos featuring leaders in the local healthcare industry. This is the second of three. Video by Jim Heffernan Senior Vice President Finance and Treasurer, Massachusetts General… Read More »

Check out this video tutorial on Balance Sheets

By | September 17, 2018

In advance of our New To Healthcare event this Friday, over the coming days, we’ll be posting educational videos on healthcare finance fundamentals.  The Massachusetts-Rhode Island chapter of HFMA teamed up with the Massachusetts Medical Society to create these videos featuring leaders in the local healthcare industry. Our first video is an 18-minute tutorial on balance sheets featuring… Read More »

Nothing better than learning live! Join us for networking and knowledge!

By | September 11, 2018

Accounting and Regulatory Technical Update:  Evolving Strategy in a Dynamic Healthcare Environment On Friday, October 19th, spend the day at the Doubletree by Hilton in Westborough engaging in an interactive learning experience.  Network with colleagues, ask your questions to experienced panelists on Cybersecurity and Evolving Healthcare Strategy, and learn the latest on tax reform and accounting and financial… Read More »

Five Best Practices in Hospital Pricing Transparency

By | August 27, 2018

The Advisory Board found that 89 percent of patients want to know their medical costs before receiving care. And that percentage is only expected to grow as healthcare becomes more consumer-centric—and as the financial burden continues to shift to patients through mechanisms like high-deductible health plans or self-funded employer plans. While demand for more information increases, many providers… Read More »

Revenue Integrity Leading Practice Considerations

As health systems face already-tightening operating margins, additional reductions in reimbursement, and the competing demand for an increasing focus on the patient experience, health systems are looking to control risks and maintain financial stability. Revenue Integrity programs, the conduits through which clinical departments and their revenue cycle colleagues promote integration to improve charge capture[1] and reduce revenue leakage[2],… Read More »