HealthLeaders Media Finance - November 2, 2009 | Deadliest Finance Issues for 2010 View as a Webpage | Subscribe for Free
Red Flags Fly, Bad Debt Shrinks
Karen Minich-Pourshadi, Senior Editor-Finance

There's a sunny side to complying with the Red Flags Rule: minimal cost to implement and the return on this investment could reduce your bad debt. How? Nationally hospitals average 5% bad debt or charity, but in these economic times that number is likely growing. One reason that number may be on the upswing is medical identity theft—an area the Red Flags Rule targets. [Read More]

  November 2, 2009

 
Editor's Picks
What do finance leaders think?
The 2010 edition of the HealthLeaders Media Industry Survey for Finance Leaders is now open online at www.healthleadersmedia.com/financesurvey2010.htm. Included this year are new questions that seek your thoughts on the economy, the HIT stimulus package, and healthcare reform efforts, among others. Plus, we build on key benchmark questions from last year, checking on your top priorities and your assessment of key fiscal trends. This comprehensive survey should take about 14 minutes to complete, and closes at midnight tonight. Be sure to provide contact information and we'll enter your name in a drawing for a $1,000 gift card. [Take the Survey Now]
New Features in the Latest House Health Reform Bill
If all the healthcare reform bills have your head swimming, you're not alone. It's easy to miss important details: In the latest bill, for example, the new public option proposal requires the Health and Human Services secretary to negotiate rates with healthcare providers—as private insurers currently do. Here are 11 other changes that you cannot afford not to know about. [Read More]
Exclusive Interview: Lessons From Wayne Sensor's Fall at Alegent Health
There's more behind the departure of Wayne Sensor from Alegent Health, and our Leadership Editor takes a deeper look at what Sensor did—and the strategy he tried to implement that may have ultimately lead to his resignation. [Read More]
West asks Congress for help combating healthcare fraud
As my column discusses this week, healthcare fraud can be a financial drain, and legislation is slowly addressing the problem. On Oct. 28 a bill was introduced to strengthen the federal government's ability to investigate and prosecute healthcare fraud against both government and private health insurance. This is worth keeping an eye on. [Read More]
Finance Forum
Price for Relaxed Vigilance for Business Ethics and Conduct Is Steep
If your organization holds a federal healthcare contract, recent changes in federal regulations have tightened up ethics requirements—and the price for relaxed vigilance can be steep, say contributors Jeff Weinstein and Scott Honiberg. [Read More]
Finance Headlines
Massachusetts healthcare law called a great success
Wall Street Journal - November 2, 2009
CBO Predicts Higher Public Option Costs in New House Bill
Janice Simmons, for HealthLeaders Media - November 2, 2009
House healthcare reform bill to include public option
Washington Post - October 29, 2009
The magic of financing healthcare reform
New York Times - November 2, 2009
Medical Mission Trips Motivate Nurses and Give Back to Communities
Rebecca Hendren, for HealthLeaders Media - October 27, 2009
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From HealthLeaders Magazine
Care Team Architecture
HealthLeaders October 2009 Creativity and flexibility count, sure. But underlying the successful care team design is a foundation of essential and lasting values. [Read More]
Service Line Management
State of Emergency
The nation's emergency departments are feeling the effects of the economic downturn, but innovations in patient throughput and other strategies offer hope for a beleaguered system. [Read More]
Money Talk

A look at one hospital's struggles to improve

Yampa Valley Medical Center Steamboat Springs, CO
Rating: BBB
Outlook: Stable
Affected Debt: $41.7 million
Agency: Standard & Poor's
Remarks: Rating raised from BBB- based on balance sheet improvements, along with strong operating margins and strong liquidity.
[Read More]
Audio Feature

Getting More Out of Your Revenue Cycle: Tony Reisz, CEO of Ontario Systems, talks about how hospitals can squeeze more out of their revenue cycle through a focused front-end effort. [Listen Now]
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