The Healthcare Financial Management Association (HFMA) will highlight the healthcare revenue cycle at the HFMA 2018 Annual Conference. Previously named ANI (Annual National Institute), the revamped conference invites healthcare innovators, experts and finance leaders to attend on June 24 – 27 at the Venetian-Palazzo Sands Expo in Las Vegas, Nevada. With a mission to “transform…
The Healthcare Financial Management Association (HFMA) builds bridges between healthcare professionals and the financial aspect of the industry. HFMA’s goal is to establish a fiscally healthy industry, providing knowledge, education and resources for healthcare professionals to advance their careers and garner leadership tools via a Continuing Professional Education (CPE) program. The HFMA website includes forums…
The Healthcare Financial Management Association’s annual conference in 2017 (HFMA ANI 2017) will fast be upon us, taking place in Orlando, Florida on June 25 to June 28, 2017 at the Orange County Convention Center. ANI 2017 is the premiere healthcare finance event for strategies leading to better outcomes for patients, shareholders and stakeholders. With more…
Breaking news! Today there’s front page, above-the-fold, top o’ the scroll, shout it from the bandstands news – major, major breakthroughs in the economic shutdown that’s paralyzed the country for the past couple of weeks. CNN Money announces in its boldest, biggest font: Congress has just raised the debt ceiling. While Democrats and Republicans are pausing…
It’s a little more intense than Red Rover or tag, and is one of the only opportunities in grade school where children are encouraged to throw things at each other. Sure, it may be those bouncy red playground balls, but you’d never know it from the rabid passion on the players’ faces. It’s dodgeball, and…
One often-overlooked yet very important aspect of accounts payable and receivables is the accounting software being used to track them. It may be tempting for many small – or medium-sized businesses to use simple spreadsheets for accounting. However, this can double or triple (or worse) the effort, such as having to enter the customer’s address…
Your furry, scaly, feathery, fluffy patients may have nine lives to spare, but your veterinary practice has just the one. When your livelihood is in danger due to outstanding debt on behalf of your patients’ “parents,” you’ve got to walk a fine line. While you don’t want to isolate or turn off your clients, you…
You know it’s that time of the year when one of the parents in your office is suddenly much more popular. He or she is passing around a laminated cookie order form and suddenly, you see them everywhere. Little girls dressed in uniforms, covered in patches, hawking their treats. The names are exotic and unlike…
With the nation hyper-focused on the world of healthcare, does the idea of having a large new pool of patients make you feel optimistic for the fate of your practice? It should, but be careful knowing that more patients may open you up to the problem of more debt. The Boy Scout Law may be…
$65 billion in medical debt went uncollected in 2010. How much of that affected your practice? In our last post, we discussed 3 tips for collecting outstanding medical bills: setting clear expectations up front with patients, verifying insurance, and requesting payment at the time of service. In this post, we’ll talk about a couple more…