HealthLeaders Media Finance - March 1, 2010 | Are You Running Scared From Financial Forecasting? View as a Webpage | Subscribe for Free
Are You Running Scared From Financial Forecasting?
Karen Minich-Pourshadi, Senior Editor-Finance

There are more than a few ways to create a financial forecast, and more than a few hospital CFOs who opt not to do it. Why? I suspect it's because they are afraid to see a lousy future. [Read More]

  March 1, 2010

Editor's Picks
CMS Delays Physician Pay Cut in Hopes that Congress Will Resolve Issue
Lacking congressional action, the federal government has essentially halted a 21.2% Medicare pay cut for physicians that was to go into effect today. But what does this delay really mean for your facility? [Read More]
Why Are Doctors Working Fewer Hours?
In a perfect world, we'd all work fewer hours and make more money, but in a recession that seems like a pipedream. But that is not necessarily true for some doctors. After remaining steady for nearly 30 years, the number of hours that an average physician works each week dropped sharply in the last decade. Understanding why is particularly important at a time when Congress is struggling at the last minute to prevent a 21% cut in Medicare payments. Find out more about this new trend. [Read More]
The Quality Quandary: When Less Is More and More Is Less
When you think about it, quality in healthcare is all about improvement. It means improving the daily lives of patients, improving the technology to deliver care, improving communications between providers and patients, and improving chances for survival. But should this improvement cost more—or less? As two new studies show, what you pay for up front may lead to results you may not expect—depending on what you are treating. HealthLeaders Media Quality Editor Janice Simmons takes a deeper look at these two study's findings. [Read More]
Mission Driven, Financially Strong
Why is it that in times of economic stress, some hospitals manage through with strength to spare while others fall? While it may be tempting to say that those hospitals that thrive have the best payer mix or the most profitable service lines, often the deciding factor is the leadership's commitment to core principles of sound financial management. In this free HealthLeaders Media Breakthroughs report, four leading hospital systems—Banner Health, Southwest General Health Center, The University of Kansas Hospital, and Parkland Health & Hospital System—share the lessons they have learned to help them identify cost-cutting measures that also add value to care efficiency, make strategic investments in areas under your control, and refocus on the fundamentals of financial discipline. [Read More]
Finance Forum
Buoying the Bottom Line
The recession caused a nationwide shift in priorities last year, so it's not surprising that after watching their once buoyant financials plummet, healthcare CFOs would also reshuffle their priorities. The result: Quality was moved down as a priority in favor of physician recruitment and cost reduction, according to the HealthLeaders Media Industry Survey 2010. [Read More]
Finance Headlines
Democrats push ahead with healthcare
Wall Street Journal - March 1, 2010
Pelosi says she will get votes needed for health bill
New York Times - March 1, 2010
Doctor training aided by drug industry cash
New York Times - February 23, 2010
Study: Clout of healthcare providers drives costs - March 1, 2010
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From HealthLeaders Magazine
Beyond Meaningful Use
HealthLeaders February 2010 Technology can help the healthcare industry achieve better outcomes and cost savings, but only if providers incorporate decision-support tools and a coordinated approach to delivering care. [Read More]
Service Line Management
Imaging After the Recession
After freezing capital spending during the recession, hospitals are investing in imaging again. But reimbursement cuts and reform have changed the focus of the service line. [Read More]
Audio Feature

Offsetting Uncompensated Care: Nancy Schlichting, CEO for the Henry Ford Health System in Detroit, MI, discusses how the system is working to offset the financial losses of rising numbers of uncompensated care. [Listen Now]
Money Talk

A look at one hospital's struggles to improve

Norman Regional Health System, OK
Rating: BB+
Outlook: Stable
Affected Debt: $210 million
Agency: Standard and Poor's
Remarks: Downgraded from 'BBB' to 'BB+' on Norman Regional Hospital Authority, total long-term debt outstanding at fiscal year end on June 30, 2009, being $258.2 million. The revision reflects NRHS's 5.8% decline in patient admissions in 2009, which led to a bigger-than-expected decline in profitability.
[Read More]
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March 8: Physician Compensation Models in a Strained Economy
March 30: Cancer Service Line Success: Better Coordination, Better Outcomes
March 31: Beyond ROI: Prove the Success of Your Marketing Efforts
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