Healthcare Financial Management Association

Earnings In The U.S. Middle Market Grew By 9% In The First Two Months Of Q1 2022

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수요일, 4월 13, 2022
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NEW YORK, April 13, 2022 /PRNewswire/ -- Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 9% and revenue growth of 18% during the first two months of the first quarter of 2022. This report marks a return to the typical year-over-year comparisons now that the impact of widespread Covid-related lockdowns throughout much of 2020 are not affecting the data.

Key Points: 
  • NEW YORK, April 13, 2022 /PRNewswire/ -- Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 9% and revenue growth of 18% during the first two months of the first quarter of 2022.
  • Earnings growth of 9% was closer to flat in real dollars after adjusting for the nearly 8% increase in consumer prices during the same period.
  • Higher input costs and labor costs are weighing down profitability, even in our portfolio of market-leading businesses in resilient industries.
  • It measures the median revenue and earnings growth of more than 150 private U.S. companies in the loan portfolio of Golub Capital, a leading middle market lender.

Harris Affinity Decision Support Receives Top Ratings From HFMA's Peer Review Designation

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목요일, 3월 31, 2022
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WAKEFIELD, Mass., March 31, 2022 /PRNewswire-PRWeb/ -- Harris Affinity is proud to announce the official Healthcare Financial Management Association (HFMA) HFMA Peer Review Designation of the Harris Affinity Decision Support (ADS) tool and make available the key findings from the report. The Peer review designation and Key Findings report indicate that the Harris Affinity Decision Support Tool has been evaluated by current customers, prospective customers, and an HFMA Peer Review panel on it's quality and effectiveness, and has received successful ratings.

Key Points: 
  • Harris Affinity Decision Support (ADS) Key Findings Report from the HFMA Peer Review Designation.
  • WAKEFIELD, Mass., March 31, 2022 /PRNewswire-PRWeb/ -- Harris Affinity is proud to announce the official Healthcare Financial Management Association (HFMA) HFMA Peer Review Designation of the Harris Affinity Decision Support (ADS) tool and make available the key findings from the report.
  • The Peer review designation and Key Findings report indicate that the Harris Affinity Decision Support Tool has been evaluated by current customers, prospective customers, and an HFMA Peer Review panel on it's quality and effectiveness, and has received successful ratings.
  • Harris Affinity Decision Support (ADS) combines financial, clinical and patient activity information to help healthcare administrators understand patient costs and reimbursement.

Mazars USA Hires Healthcare Veteran Doug Barry as Principal

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목요일, 3월 17, 2022
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NEW YORK, March 17, 2022 /PRNewswire/ -- Mazars, a leading audit, tax, and advisory firm in the US, today announced that Doug Barry has returned to the firm as a Principal in its Healthcare Consulting Group. With more than 40 years of experience delivering transformative services throughout the healthcare sector, Doug will help move forward initiatives at one of the firm's most successful and high-growth divisions.

Key Points: 
  • With over 40 years of experience, Doug rejoins the firm's Healthcare Consultancy Group
    NEW YORK, March 17, 2022 /PRNewswire/ -- Mazars , a leading audit, tax, and advisory firm in the US, today announced that Doug Barry has returned to the firm as a Principal in its Healthcare Consulting Group.
  • SaidGil Enos, National Healthcare Practice Leader, "Doug's years of expertise in organizational transformation, revenue cycle improvement, and guiding providers through financial turnarounds will continue to elevate Mazars as a premier consultant to the healthcare sector.
  • in Healthcare Administration from Washington Adventist University and is a member of the Healthcare Financial Management Association (HFMA).
  • Mazars USA LLP is an independent member firm of Mazars Group, an international audit, tax and advisory organization with operations in over 90 countries.

Now Hiring: Survey of Healthcare Financial Leaders Highlights Most In-Demand Revenue Cycle Positions

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목요일, 3월 17, 2022
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SOUTH SAN FRANCISCO, Calif., March 17, 2022 /PRNewswire/ -- AKASA™, the leading developer of AI for healthcare operations, released findings from a new survey where healthcare finance leaders ranked the roles within the revenue cycle where they most need talent. The results highlight the stark reality leaders face when managing daily operations in the back office with a shortage of workers and fierce hiring competition.

Key Points: 
  • "We're seeing staffing gaps at every stage of the revenue cycle process," said Amy Raymond, vice president of revenue cycle operations at AKASA.
  • This reactionary hiring cycle results in permanent workers often facing too much work, and patients having a less-than-stellar financial experience."
  • To learn more, download our report , "No Resignation: Solving Today's Greatest Staffing Challenges in the Healthcare Revenue Cycle.
  • Commissioned by AKASA, the survey fielded responses from 411 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States through the Healthcare Financial Management Association's (HFMA) Pulse Survey program between December 1, 2021 and December 21, 2021.

Rod Nicholls Joins RSource as Chief Growth Officer

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목요일, 3월 3, 2022
Technology, Hospitals, Other Technology, Accounting, Professional Services, Practice Management, Other Health, Health, General Health, Yardley, Robotic process automation, Leadership, Health care, Patient, Nicholls, Hospital, Black, Organization, Population health, Solution, LLC, Growth, Patient satisfaction, Mars Hill University, HFMA, Multimedia, Healthcare Financial Management Association, RPA, Marketing, CEO, New, Technology, Veterans' affairs, ERISA, Pharmaceutical industry, Health insurance

RSource, LLC (RSource), a leader in third-party payer solutions to improve revenue cycle performance for some of the largest health systems in the country, announced that Rod Nicholls has joined the company as the Chief Growth Officer.

Key Points: 
  • RSource, LLC (RSource), a leader in third-party payer solutions to improve revenue cycle performance for some of the largest health systems in the country, announced that Rod Nicholls has joined the company as the Chief Growth Officer.
  • Nicholls will build upon RSources national ranking as a top revenue cycle partner by strengthening the companys infrastructure for growth leading sales and marketing.
  • View the full release here: https://www.businesswire.com/news/home/20220303005256/en/
    Rod Nicholls, RSource's New Chief Growth Officer (Photo: Business Wire)
    Nicholls brings more than 25 years of sales leadership experience to RSource, including healthcare revenue cycle services and technology, outsourcing services, consulting services, population health and financial technologies.
  • Prior to joining RSource, Nicholls held senior leadership roles in sales and client services for top revenue cycle companies.

Survey: Healthcare Financial Leaders Rank Competitive Talent Market, Vaccine Mandates and Burnout as Biggest Workforce Challenges

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수요일, 2월 23, 2022
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To tackle these challenges, leaders should continue to evolve strategies that boost morale and recruitment efforts, and examine opportunities to leverage AI to alleviate the burden on their teams."

Key Points: 
  • To tackle these challenges, leaders should continue to evolve strategies that boost morale and recruitment efforts, and examine opportunities to leverage AI to alleviate the burden on their teams."
  • Staff churn and the onslaught of COVID have both resulted in healthcare professionals working overtime and extra shifts .
  • Beyond burnout, this is putting added financial strain on healthcare systems, as overtime pay is often higher than standard pay and further taxes the already-depleted resources of many revenue cycle departments.
  • To learn more, download our new report , "No Resignation: Solving Today's Greatest Staffing Challenges in the Healthcare Revenue Cycle."

Curae™ Announces New Regional Vice President Eric Bergeon

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금요일, 2월 11, 2022
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ATLANTA, Feb. 11, 2022 /PRNewswire-PRWeb/ -- Curae, a national leader of non-recourse healthcare financing for consumers, is pleased to announce Eric Bergeon as one of Curae's new Regional Vice Presidents.

Key Points: 
  • ATLANTA, Feb. 11, 2022 /PRNewswire-PRWeb/ -- Curae, a national leader of non-recourse healthcare financing for consumers, is pleased to announce Eric Bergeon as one of Curae's new Regional Vice Presidents.
  • Mark Starr, Executive VP of Curae, says, " I have personally known Eric for 15 years and am beyond excited to welcome a well-respected industry expert to the Curae, Patient Financing team.
  • Prior to joining Curae, Eric was the Vice President, Sales & Client Success with Datavant/Ciox Health, a healthcare technology company helping providers connect, control, and comply in solving last-mile challenges in clinical interoperability.
  • Eric is an active member of the Healthcare Financial Management Association (HFMA) and is the incoming President for the Georgia Chapter, 2022-23.

Ensemble Health Partners Receives “Best in KLAS” Designation for Full Revenue Cycle Outsourcing for the Third Year in a Row

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화요일, 2월 8, 2022
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Cincinnati, Ohio, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Ensemble Health Partners (Ensemble), a leading innovator in revenue cycle management, has been awarded the Best in KLAS designation for full revenue cycle outsourcing for the third year in a row, receiving the highest score in Ensembles history.

Key Points: 
  • Cincinnati, Ohio, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Ensemble Health Partners (Ensemble), a leading innovator in revenue cycle management, has been awarded the Best in KLAS designation for full revenue cycle outsourcing for the third year in a row, receiving the highest score in Ensembles history.
  • We automated more than 65 million transactions and deployed more than 2,000 unique process automations to address real needs of revenue cycle operators.
  • Ensemble Health Partners is a leading provider of technology-enabled revenue cycle management solutions for health systems, including hospitals and affiliated physician groups.
  • The company offers end-to-end revenue cycle solutions as well as a comprehensive suite of point solutions to clients across the country.

Emanate Health in Southern California Names President & CFO Roger Sharma to Succeed Robert H. Curry as CEO When he Retires in April

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목요일, 2월 3, 2022
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For the past 10 years, Roger partnered closely with Rob Curry to overcome challenges and embrace opportunities to grow our health care system.

Key Points: 
  • For the past 10 years, Roger partnered closely with Rob Curry to overcome challenges and embrace opportunities to grow our health care system.
  • Sharma began his tenure as Senior Vice President and CFO at Emanate Health, formerly named Citrus Valley Health Partners, in October 2011.
  • Before joining Emanate Health, Sharma served as Senior Vice President of Financial Operations for City of Hope in Duarte.
  • Emanate Health is the largest nonprofit health care provider serving the one million residents of the San Gabriel Valley in California.

Survey: Recruitment Costs, Long Hiring Timelines Negatively Impact Healthcare Finance Teams

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수요일, 1월 26, 2022
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The survey of healthcare financial leaders found the cost of recruitment is significant and timelines to fill open roles are long, especially for senior-level revenue cycle roles:

Key Points: 
  • The survey of healthcare financial leaders found the cost of recruitment is significant and timelines to fill open roles are long, especially for senior-level revenue cycle roles:
    Entry-level revenue cycle talent (0-5 years): On average, costs $2,167 for recruitment and takes 84 days to fill vacant roles.
  • Mid-level revenue cycle talent (6-10 years): On average, costs $3,581 for recruitment and takes 153 days to fill vacant roles.
  • Senior-level revenue cycle talent (10+ years): On average, costs $5,699 for recruitment and takes 207 days to fill vacant roles.
  • Coupled with the 18% of healthcare workers that have already left their jobs in the past year, turnover within the healthcare workforce is acute.