Capital Finance
As recent studies have shown, health systems across the country are increasing their IT spending in the next five years or so. Given that, it is imperative that chief information officers and chief financial officers partner to create strategic budgets said a CIO and CFO during an education session Tuesday at HFMA's national conference in Las Vegas.
Already running one of the largest ophthalmology practices in the country, Henry Ford Health System announced last week that it has agreed to merge with the Detroit Institute of Ophthalmology (DIO).
A financial rationale for merging is always part of the equation in such a business move, but more and more, healthcare businesses are choosing to merge for strategic reasons.
Western Pennsylvania's largest health insurer Highmark took another step toward building a comprehensive provider network in the region with the announcement this week of a $275 million commitment to Jefferson Regional Medical Center.
In its Spring 2012 Economic Outlook report, Premier healthcare alliance reported that impending reimbursement reductions and uncertainty around the potential impact of health reform will likely lead to more conservative hospital capital budget expenditures for the year.
It may not occur to smaller senior living companies to seek a credit rating from a credit rating agency like Fitch Ratings, Standard & Poor’s or Moody’s, but for companies large and small, there are financial benefits said a group of panelists during an online senior living business conference held in March.
When I attended the Building Owners and Management Association (BOMA) International’s Medical Office Buildings & Healthcare Facilities conference in Atlanta in early May, one word I heard repeatedly was “decentralization.” One healthcare executive after another spoke to the audience of mostly healthcare real estate professionals about their evolving real estate strategies, which focused heavily on offering patient services in locations other than the main hospital campus and at times other than the traditional 8 a.m. – 5 p.m. office hours.
David Walker, founder and CEO of the Comeback America Initiative and former U.S. Comptroller General, gave Healthcare Finance News’ Managing Editor Stephanie Bouchard a glimpse of what to expect when he presents his keynote address to attendees of the Healthcare Financial Management Association’s annual conference on June 26.
I’m particularly interested in the ways in which technology is helping providers to cut costs and provide better care, so my digital “ears” perked up when Jared Krawczyk, a Statistician at Fi-Med Management, alerted me in 140 characters to the release of its REVEAL/md™ proactive compliance software.
Mobile asset management in the hospital is a great example of an unsexy but high-impact topic. In this interview, John McCarthy, GE Healthcare’s GM of Asset Management Professional Services, answers my questions.