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Research Identifies 10 Key Action Steps for Improving Healthcare Value

Hospitals and physicians must focus on improving healthcare value and ensuring that consumers, employers, and other healthcare purchasers receive the benefit of value improvements. That’s the key finding that has emerged from five years of research on healthcare value, according to the Healthcare Financial Management Association. “The volume-to-value shift is pretty well understood in the industry on a conceptual level at this point,” says HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “In addition to implementing strategies to drive value, provider organizations should close the

Broader Approach Urged for Evaluating Financial Performance of Employed Physicians

(Nov. 21, 2014, Westchester, Ill.) – Current approaches to measuring the financial performance of employed physicians can obscure the value that employed physicians bring to an organization, according to new research released today by the Healthcare Financial Management Association (HFMA). Based on productivity alone, fewer than 25 percent of senior financial executives surveyed expected to see a positive return on investment during the first two years of physician employment, a finding that researchers described as “not surprising” in light of current payment methodologies and

Fundamental Shift Seen in Healthcare Acquisition and Affiliation Strategies

(June 22, 2014, Las Vegas) –Acquisitions and affiliations are now being driven more by strategy than by financial need, according to new research released today at the Healthcare Financial Management Association’s (HFMA’s) 2014 National Institute in Las Vegas. While traditional acquisitions—in which a weaker healthcare system is acquired by a stronger one—still occur, the trend is shifting toward mergers and acquisitions that take place between financial equals, according to the report. These are value-focused acquisition and affiliation strategies, geared toward improving the quality or

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