Healthcare Financial Management Association

HFMA Aligns with FinThrive to Introduce the Industry's First Revenue Cycle Management Technology Adoption Model for Health Systems

Retrieved on: 
Thursday, November 30, 2023
Banner Health, Organization, Map, HFMA, Healthcare Financial Management Association, Automation, RCM, Software as a service, Health care, Health, AI, Management

CHICAGO, Nov. 30, 2023 /PRNewswire/ -- The Healthcare Financial Management Association (HFMA) announces a strategic alliance with FinThrive, Inc., a healthcare revenue cycle management software-as-a-service (SaaS) provider, to co-launch a peer-reviewed, five-stage Revenue Cycle Management Technology Adoption Model (RCMTAM) designed to help health systems leverage industry benchmarks to assess their current state of RCM technology maturity and build best-practice plans to optimize revenue cycle outcomes.

Key Points: 
  • CHICAGO, Nov. 30, 2023 /PRNewswire/ -- The Healthcare Financial Management Association (HFMA) announces a strategic alliance with FinThrive, Inc., a healthcare revenue cycle management software-as-a-service (SaaS) provider, to co-launch a peer-reviewed, five-stage Revenue Cycle Management Technology Adoption Model (RCMTAM) designed to help health systems leverage industry benchmarks to assess their current state of RCM technology maturity and build best-practice plans to optimize revenue cycle outcomes.
  • Health systems increasingly signal a need to modernize their RCM technology stacks, initiating enterprise projects that favor vendor consolidation, automation and AI, and platform approaches.
  • "Our initial analysis of more than 30,000 individual data points shows the majority (42%) of health systems are at Stage 1," said Hemant Goel, CEO of FinThrive.
  • Through collaboration with HFMA and health system early adopters, we are eager to contribute valuable insights that empower revenue cycle leaders on their path to financial excellence in healthcare."

Health Systems Prioritizing Cybersecurity as 2024 IT Budgets Increase, Guidehouse Analysis Finds

Retrieved on: 
Monday, November 20, 2023
Healthcare Financial Management Association, Investment, Machine learning, Health care, Government, Modern Healthcare, AI, Organization, Public sector, Risk management, Retail, Veritas Capital

WASHINGTON, Nov. 20, 2023 /PRNewswire/ -- Health system executives are prioritizing cybersecurity investments as their organizations' 2024 digital and IT budgets increase, according to a Guidehouse analysis.

Key Points: 
  • CFOs aim to improve IT security and operational efficiency, according to Healthcare Financial Management Association survey
    WASHINGTON, Nov. 20, 2023 /PRNewswire/ -- Health system executives are prioritizing cybersecurity investments as their organizations' 2024 digital and IT budgets increase, according to a Guidehouse analysis.
  • Further, more than 85% of health systems are increasing their 2024 digital and IT budgets, and almost half project moderate to significant increases.
  • Top investment priorities include cybersecurity (55%), electronic health record modernization (46%), digital care (32%), and advanced analytics, AI, and machine learning (31%).
  • The Guidehouse Health team helps providers, government agencies, life sciences companies, employers, payers, and other organizations modernize and innovate healthcare services, finances, and operations.

Anthem President Monica Schmude Recognized as One of the Most Powerful Leaders in Washington

Retrieved on: 
Tuesday, November 7, 2023
Women, Insurance, Human Resources, General Health, Health, Professional Services, Health Insurance, Consumer, Woman, Simple Health Plans, Healthcare Financial Management Association, COVID-19, Northern Virginia Chamber of Commerce, National Advisory Council (India), HFMA, American City Business Journals, Thought, Public health, Cigna, Choral Arts Society of Washington, Hope, The Economic Club of Washington, D.C., Commerce, Multimedia, Washingtonian (magazine), Forbes list of The World's 100 Most Powerful Women, Elevance Health, Jonathan Schmude, Cheverly–Washington Business Park Line, Virginia Association, Aetna, WBJ, Maryland School, University, Blue Shield, Market, Anthem, University of Wisconsin–Oshkosh, Pharmaceutical industry, Management, Trustee, MidAtlantic Airways, The Man Who Shot Liberty Valance

Anthem Blue Cross and Blue Shield in Virginia President Monica Schmude was recently recognized by the Washington Business Journal as one of its Power 100 for 2023.

Key Points: 
  • Anthem Blue Cross and Blue Shield in Virginia President Monica Schmude was recently recognized by the Washington Business Journal as one of its Power 100 for 2023.
  • View the full release here: https://www.businesswire.com/news/home/20231107656658/en/
    Anthem Blue Cross Blue Shield President Monica Schmude (Photo: Business Wire)
    “Monica Schmude has been a fixture in the health insurance industry for three decades, including the last 12 as mid-Atlantic market president for Cigna,” said the Washington Business Journal.
  • “But this year she jumped ship for a rival, taking the helm at Anthem Health Plans of Virginia in April.
  • Schmude is listed with 26 nonprofit, medical and insurance and advocacy leaders in a category the WBJ calls its Advocates & Game Changers.

Anthem President Monica Schmude Recognized as One of the Most Powerful Women in Washington

Retrieved on: 
Tuesday, October 10, 2023
Professional Services, Health, Consumer, Women, Insurance, Health Insurance, General Health, Northern Virginia Chamber of Commerce, Economic Club of New York, Multimedia, Woman, Health care, Cheverly–Washington Business Park Line, Cigna, Jonathan Schmude, Public health, Government, University of Wisconsin–Oshkosh, Market, National Advisory Council (India), Commerce, University, Medicine, Aetna, Elevance Health, Healthcare Financial Management Association, Maryland School, Choral Arts Society of Washington, Blue Shield, Washingtonian (magazine), Face, HFMA, Nursing, Management, The Man Who Shot Liberty Valance, Washingtonian, MidAtlantic Airways, Trustee

View the full release here: https://www.businesswire.com/news/home/20231010347946/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231010347946/en/
    Monica Schmude, President of Anthem Blue Cross and Blue Shield of Virginia (Photo: Business Wire)
    Schmude is listed with eleven other dynamic leaders making a difference in the field of medicine.
  • “From arts, nonprofit, and media mavens to corporate, political, and legal powerhouses, here are 169 women making a mark in Washington,” stated the magazine.
  • She is a member of The Economic Club of Washington DC and Leadership Greater Washington Class of 2020.
  • She was named to the 2019 Most Powerful Women in Washington (Washingtonian Magazine), recipient of the 2019 March of Dimes Heroine of Washington Award, served as the 2019 Program Chair for the Mid-Maryland Mission of Mercy, 2021 Most Powerful Women in Washington (Washingtonian Magazine), and was named an honoree for the Washington Business Journals 2021 Women Who Mean Business awards.

Equity Quotient Partners with the Healthcare Financial Management Association (HFMA) to Provide Healthcare Finance leaders with AI-powered Health Equity Solution

Retrieved on: 
Wednesday, October 4, 2023
Quotient, American Hospital Association, Workforce, Heart, Medicaid, Partnership, IRS, Public, Health care, Health equity, Strategic planning, Equity, CFOS, Organization, Medicare, Healthcare Financial Management Association, Public health, Hospital, Center for Medicare and Medicaid Innovation, Acquisition, Patient, Investment, Risk, HFMA, Health, Health insurance

NEW YORK, Oct. 4, 2023 /PRNewswire/ -- Equity Quotient, a new, AI-powered stakeholder intelligence platform, today announced the launch of its Public Health solution, providing easy access to rich data and insights required achieve health equity mandates to the more than 103,000 members of the Healthcare Financial Management Association (HFMA) across the country. Equity Quotient's data and analytics will enable HFMA members to benchmark their patients and outcomes to the communities they serve on a variety of socioeconomic statistics, helping them prioritize health equity and population health initiatives.

Key Points: 
  • "Healthcare finance leaders are faced with myriad health equity mandates that require advanced data and analytics to understand the communities they serve," said Todd Nelson, HFMA chief partnership executive.
  • Equity Quotient is the leading AI-powered technology partner that provides organizations with public health data and analytics to support the health equity imperative facing the healthcare ecosystem."
  • Together, Equity Quotient and HFMA will support healthcare finance leaders in exploring the current state of health equity metrics in their communities and how they compare to peer regions.
  • "Our goal is to increase access to data to support the nation's journey to health equity," said Perfecto Sanchez, Equity Quotient Co-Founder and Chief Growth Officer.

Anthem President Monica Schmude Recognized on Virginia 500 Power List

Retrieved on: 
Tuesday, September 19, 2023
General Health, Health, Professional Services, Insurance, Health Insurance, National Advisory Council (India), University, Education, Aetna, Politics, Northern Virginia Chamber of Commerce, The Economic Club of Washington, D.C., Health care, Choral Arts Society of Washington, Finance, Multimedia, Elevance Health, Cigna, Washingtonian (magazine), Government, Maryland School, Organization, Market, Healthcare Financial Management Association, Blue Shield, Public health, University of Wisconsin–Oshkosh, HFMA, Woman, Cheverly–Washington Business Park Line, Commerce, Management, MidAtlantic Airways, The Man Who Shot Liberty Valance, Trustee

Anthem Blue Cross and Blue Shield in Virginia announced today that its Plan President Monica Schmude has been named by Virginia Business magazine to its Virginia 500 2023 Power List.

Key Points: 
  • Anthem Blue Cross and Blue Shield in Virginia announced today that its Plan President Monica Schmude has been named by Virginia Business magazine to its Virginia 500 2023 Power List.
  • View the full release here: https://www.businesswire.com/news/home/20230919688275/en/
    Monica Schmude, President of Anthem Blue Cross and Blue Shield of Virginia (Photo: Business Wire)
    This annual list recognizes Virginia’s most powerful and influential leaders in business, government, politics, and education.
  • Compiled via staff research, the magazine selects Virginia’s 500 most influential leaders across 19 major sectors including real estate, manufacturing, higher education, and insurance.
  • “I am honored to be selected by Virginia Business as a leader in my industry and this state,” said Schmude.

RevSpring Executive Kenneth Stoll Honored with Healthcare Financial Management Association Individual Achievement Award

Retrieved on: 
Friday, August 11, 2023
Columbus metropolitan area, Ohio, Healthcare Financial Management Association, Health care, Wittenberg University, Trust, HFMA, Conference, Nursing, Pin

NASHVILLE, Tenn., Aug. 11, 2023 /PRNewswire-PRWeb/ -- RevSpring, the leading provider of healthcare engagement and payment solutions, proudly announces that Kenneth Stoll, RevSpring vice president of strategic accounts, has received the 2023 Frederick C. Morgan Individual Achievement Award. The Healthcare Financial Management Association (HFMA) presented Stoll with the award at its 2023 Annual Conference for his lifelong contributions to HFMA and the healthcare finance profession.

Key Points: 
  • NASHVILLE, Tenn., Aug. 11, 2023 /PRNewswire-PRWeb/ -- RevSpring , the leading provider of healthcare engagement and payment solutions, proudly announces that Kenneth Stoll, RevSpring vice president of strategic accounts, has received the 2023 Frederick C. Morgan Individual Achievement Award.
  • The Healthcare Financial Management Association (HFMA) presented Stoll with the award at its 2023 Annual Conference for his lifelong contributions to HFMA and the healthcare finance profession.
  • "It's an honor to receive the Individual Achievement Award from HFMA," said Stoll.
  • Beyond Ohio, Stoll held regional executive roles from 2011-13, representing seven local chapters from Michigan and Ohio.

Phoenix Children's Appoints Michelle Bruhn as Chief Financial Officer

Retrieved on: 
Thursday, July 20, 2023
Treasury, Bruhn, University, Phoenix Children's Hospital, Health care, Hope, Certified Public Accountant, American Institute of Certified Public Accountants, Accounting, Healthcare Financial Management Association, Physician, Health, Growth, Hospital, Sanford Health, Fiscal policy, American Institute, American Medical Group Association, Management, Nursing

PHOENIX, July 20, 2023 /PRNewswire/ -- Phoenix Children's, one of the nation's fastest-growing pediatric health systems, today announced the hire of Michelle Bruhn as executive vice president and chief financial officer. Bruhn, who assumed her position on July 17, will oversee finance, treasury, revenue cycle and managed care contracting. She also is directly responsible for fiscal policy, performance goals and planning for the growing health system.

Key Points: 
  • PHOENIX, July 20, 2023 /PRNewswire/ -- Phoenix Children's , one of the nation's fastest-growing pediatric health systems, today announced the hire of Michelle Bruhn as executive vice president and chief financial officer.
  • Bruhn, who assumed her position on July 17, will oversee finance, treasury, revenue cycle and managed care contracting.
  • Indeed, the health system is building new sites of service across Arizona, including Phoenix Children's — Avondale Campus , Phoenix Children's Hospital — Arrowhead Campus , Phoenix Children's Hospital — East Valley , and completing a series of expansion projects at Phoenix Children's Hospital — Thomas Campus .
  • "I am honored to join Phoenix Children's at such an exciting time," said Bruhn.

Guidehouse's Market Intelligence Platform to Help HFMA Member Health Systems Evaluate Growth Opportunities

Retrieved on: 
Wednesday, July 19, 2023
Health care, HFMA, Public sector, Organization, Government, Healthcare Financial Management Association, Modern Healthcare, Veritas Capital, Professional practice of behavior analysis, Risk management

WASHINGTON, July 19, 2023 /PRNewswire/ -- Guidehouse, a leading global provider of consulting and managed services to public sector and commercial clients, has developed and launched GuideIQ, a proprietary integrated market intelligence platform. GuideIQ will enable members of the Healthcare Financial Management Association (HFMA) to evaluate growth opportunities, network retention, and quality performance by site of service and service line, as well as compare market-level performance to peers.

Key Points: 
  • GuideIQ will enable members of the Healthcare Financial Management Association (HFMA) to evaluate growth opportunities, network retention, and quality performance by site of service and service line, as well as compare market-level performance to peers.
  • With GuideIQ, health system leaders can pinpoint opportunities for enterprisewide growth, consumer and provider attraction and retention, reimbursement position, and other market-level metrics.
  • "GuideIQ equips health systems with the tools to assess margin improvement strategies, quality performance, and network retention, while comparing their performance to peers.
  • The platform positions leaders to drive enterprise-wide growth, attract and retain consumers and providers, and optimize market position.

Fast Company Names Waystar a 2023 Best Workplace for Innovators

Retrieved on: 
Tuesday, July 18, 2023
Public Policy, Government, Software, General Health, Health, Healthcare Reform, Data Management, Technology, Other Technology, Education, Marketing, True north, Health care, KLAS, Organization, Healthcare Financial Management Association, Friction, Artificial intelligence, Innovation, Medtech, Accenture, Automation, Pharmaceutical industry

Waystar , a leading provider of healthcare payments software, today announced it has been named to Fast Company’s fifth annual Best Workplaces for Innovators list, which honors organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels.

Key Points: 
  • Waystar , a leading provider of healthcare payments software, today announced it has been named to Fast Company’s fifth annual Best Workplaces for Innovators list, which honors organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels.
  • The award cements Waystar’s status as a leading destination for the best and brightest healthcare technology talent, solving the most complex challenges facing the industry today.
  • Fast Company editors and Accenture researchers collaborated together to score nearly 1,000 submissions, and a panel of eight distinguished judges reviewed and endorsed the top 100 companies.
  • In June, the company was recognized by Black Book ™ as a top client-rated healthcare payments platform across 17 categories, and in May, Waystar was given a MedTech Breakthrough Award for Healthcare Payments Innovation.