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HFMA: Revenue Cycle, Reimbursements Share the Spotlight

Rene Letourneau, for HealthLeaders Media, June 17, 2013

Executives attending the Healthcare Financial Management Association's annual ANI conference know that maximizing revenue cycle efficiencies and forming new reimbursement relationships with payers may well be the keys to success in the decades ahead.

It's not hard to tell which issues are top-of-mind for the executives attending the Healthcare Financial Management Association's annual ANI conference at the Orange County Convention Center in Orlando June 16–19.

Looking at the conference brochure, I see the expected smattering of breakout sessions centered on data analytics tools, physician alignment, supply chain, ICD-10, healthcare reform, and capital spending. But the star attractions at this forum are the sessions revolving around two topics: revenue cycle and reimbursements.

It's understandable. As the healthcare industry prepares to shift from the traditional fee-for-service to a value-based payment model, there is high anxiety among many finance leaders who are worried about how to help their organizations remain prosperous in the new world order. Maximizing revenue cycle efficiencies and forming new reimbursement relationships with payers may well be the keys to success in the decades ahead.

Craig Richmond, interim CFO at MetroHealth, a 731-bed system based in Cleveland, is slated to present Tuesday one of the many breakout sessions focused on the revenue cycle "How a Pre-Service Center at MetroHealth System Improved Satisfaction, Efficiency, and Revenue."

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