Healthcare Financial Management Association (HFMA)

The Healthcare Financial Management Association (HFMA) exists to help its members –-both individual and organizational – achieve optimal performance by providing the practical tools and solutions, education, industry analyses, and strategic guidance needed to address the many challenges the US healthcare system faces.

HFMA president and CEO to retire in 2023

President and CEO of the Healthcare Financial Management Association (HFMA) Joseph J. Fifer, FHFMA, CPA, will retire from his role June 1, 2023.

 

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CMS’ Kate Goodrich: MACRA changes coming, but not on certified EHR

Easing clinician burden under the payment tracks implemented as part of the Medicare Access and CHIP Reauthorization Act (MACRA) will be a priority for CMS in this year’s rulemaking, according to Kate Goodrich, MD, the agency’s chief medical officer. What won’t be changing, however, is requiring providers to meet the 2015 edition of certified electronic health record technology (CHERT) standards.

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Geisinger names Kevin Roberts new CFO

Danville, Pennsylvania’s Geisinger Health System has selected Kevin Roberts, MBA, currently the chief financial officer at St. Louis-based BJC HealthCare, to take over as its new CFO later this year.

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More ACOs taking on downside risk in MSSP in 2018

The Medicare Shared Savings Program (MSSP) will have 561 accountable care organizations (ACOs) participating in 2018, including 124 new entrants into the program, covering a total of 10.5 million assigned beneficiaries, according to CMS.

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Hospital mergers can take more than 2 years to realize cost, quality benefits

Operating revenue fell faster than operating expenses for two years at hospitals which had been merged into or acquired by a new system, with no evidence of improvement on quality measures, according to a report released by the Deloitte Center for Health Solutions and Healthcare Financial Management Association (HFMA).

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5 reactions to proposed 2018 Physician Fee Schedule

The comment period for the proposed Medicare Physician Fee Schedule (PFS) has closed, with policy and payment updates drawing a typically mixed reaction from stakeholders within the industry.

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Presbyterian Health Services names new CFO

Roger Larsen has been selected as the new CFO for Albuquerque, New Mexico-based Presbyterian Health Services, ending a five-month search for a replacement for Dale Maxwell, now the system’s president and CEO.

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Q&A with Experian exec: Embrace payment plans before going to collections

Jason Considine, senior vice president of patient collections and engagement at Experian Health, argued at the Healthcare Financial Management Association (HFMA) conference in Orlando that providers should first rely on leveraging data and crafting flexible payment options before paying any contingency fees to collectors. He spoke with HealthExec about mistakes providers are making with their collection practices and what data they need to improve the process.

Around the web

The tirzepatide shortage that first began in 2022 has been resolved. Drug companies distributing compounded versions of the popular drug now have two to three more months to distribute their remaining supply.

The 24 members of the House Task Force on AI—12 reps from each party—have posted a 253-page report detailing their bipartisan vision for encouraging innovation while minimizing risks. 

Merck sent Hansoh Pharma, a Chinese biopharmaceutical company, an upfront payment of $112 million to license a new investigational GLP-1 receptor agonist. There could be many more payments to come if certain milestones are met.