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Healthcare Financial Management

Correct fair market value calculation needed to avoid regulatory challenges

Correct fair market value calculation needed to avoid regulatory challenges Mark O. Dietrich In valuing a physician practice for acquisition, it is important for buyers and sellers to distinguish between fair market value and strategic value. Although many buyers would willingly pay for the strategic value of a practice, tax-exempt buyers are required by law […]

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Healthcare Financial Management

Planning principles crucial for patient accounting

Planning principles crucial for patient accounting – column Charles A. Mowll Planning principles crucial for patient accounting “The manager who simply looks into a crystal ball to do ‘planning’ deserves the annual Christopher Columbus award, because for all intents and purposes he or she is the same as good old Chris. We are told he […]

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Healthcare Financial Management

New regulations affect Hill-Burton credit – Hospital Survey and Construction Act

New regulations affect Hill-Burton credit – Hospital Survey and Construction Act – column Scott J. Davis New regulations affect Hill-Burton credit On Feb. 1, 1988, the Federal regulations regarding the Hill-Burton program were changed. As a result, most healthcare organizations with Hill-Burton funds are being audited by the Public Health Service (PHS) this year. And […]

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Healthcare Financial Management

American Hospital Association

American Hospital Association On November 22, HFMA, the American Hospital Association, and eight other healthcare groups addressed a letter to HCFA Administrator Nancy-Ann DeParle requesting an increase in the agency’s reimbursement to hospitals for photocopying expenses. The letter stated that the rate of $0.07 per page set in 1992 “was significantly below the market rate […]

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Healthcare Financial Management

Top 10 revenue cycle mistakes

Top 10 revenue cycle mistakes Elizabeth Stuller By some estimates, hospitals are losing 3 percent to 5 percent of their net revenue from inadequate revenue cycle management. For the average 300-bed hospital, this could mean revenue losses of $4.5 million to $9 million each year–often the difference between breaking even and operating in the red. […]

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Healthcare Financial Management

Tiffany Thompson – People – Omnium Healthcare Receivable Services names new regional manager

Tiffany Thompson – People – Omnium Healthcare Receivable Services names new regional manager – Brief Article Tiffany Thompson, MPA (Iowa Chapter), has been named regional manager, business development, Omnium Healthcare Receivable Services, Des Moines, Iowa. Previously she was director, patient financial services, Metropolitan Medical Center, Des Moines, Iowa. COPYRIGHT 2002 Healthcare Financial Management Association COPYRIGHT […]

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Healthcare Financial Management

The Methodist Hospital System

The Methodist Hospital System Daniel Pantera, CPA, CIA (Texas Gulf Coast Chapter) Mr. Pantera has been appointed vice president, internal audit, The Methodist Hospital System, Houston. Previously, he was vice president, strategic performance, Bon Secours Health System, Inc., Marriottsville, Md. COPYRIGHT 2005 Healthcare Financial Management Association COPYRIGHT 2005 Gale Group

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Healthcare Financial Management

MSA market factors determine hospitals’ appropriate level of charges – Data Trends

MSA market factors determine hospitals’ appropriate level of charges – Data Trends – medical service areas Hospital CFOs are continually challenged to balance their charges at a “market” rate. It is important that they are not grossly undercharging or overcharging for services. As in any business, the market-pricing averages of frequently performed services is an […]

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Healthcare Financial Management

Today’s key drivers of physician loyalty: case studies of hospitals provide insight into how to improve physician satisfaction

Today’s key drivers of physician loyalty: case studies of hospitals provide insight into how to improve physician satisfaction – Feature Story Stephen F. Messinger An orthopedic surgeon-chief of staff at a 230 -bed hospital in the South recently told his CEO that he had teamed up with a local physician-owned and operated network of orthopedic […]

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Healthcare Financial Management

Computerized patient records improve practice efficiency and patient care

Computerized patient records improve practice efficiency and patient care Rosemarie Nelson Paper patient records are proving increasingly inadequate to meet the modern information needs of group practices. Computerizing patient records can improve physician access to patient information and thereby also improve patient care and outcomes management. By investing in a computerized patient record system, practices […]