The other day my boss sent me an interesting article titled, “Finance: Buoying the Bottom Line,” distributed by HealthLeaders Media. This article stated that the recession has caused a nationwide shift in priorities among Hospital CFO’s. Healthcare financial leaders ranked their top three priorities for the next three years. These in order are: Physician recruitment, [...]

Over the past few months, I have had numerous conversations with Hospital CEO’s. Each of these conversations seem to center around their respective hospital’s financial operations and the fact that their net profits have deteriorated over the last one or two years to the point that they are now showing losses. These CEO’s [...]

We currently have a hospital client whereby we review managed care and commercial payments against contractual terms on a retroactive basis. In doing this project it became evident that there were many more benefits to this facility than just the recovery of additional dollars that should have been paid the hospital to begin with. I [...]

I just wanted to take an excerpt from an article written by By Daniel Moulton, MD, FAAP and sent to me last week.
“CFOs across industries must scrutinize every opportunity for cost savings. And many are finding the need to get granular with ROI evaluations to confirm the value of an investment. One of the [...]

For any organization, the bottom line is a top priority. Experience has shown that there are significant opportunities to improve financial performance throughout a healthcare organization’s operation. Not only are hospitals dealing with a variety of issues that can influence patient care, but also they are dealing with circumstances that can limit or [...]

Upon reading an article “Linking Technology with processes for payment
collection” in the June HFM Magazine, I am continually amazed by the number of Revenue Cycle personnel in hospital’s who utilize manual spreadsheets and manual effort to perform their jobs or to provide information to their managers and the CFO. Many of these functions and [...]