Tag: RHC

CAH CFO-Administrator Forum: No Margin, No Mission – Strategies to Improve Hospital Net Income

On October 25, Dan Clark and Kevin Rash from FORVIS provided virtual education on improving hospital finances. 2022 was a difficult year in healthcare. Many hospitals which have been historically successful by applying the diligence needed to remain financially strong are struggling post-COVID. This session covered case studies of Critical Access Hospitals struggling with healthy margins, internal/external assessments and strategic planning, including necessary steps to prioritize current opportunities, an introduction to necessary tools for monitoring and making data-driven decisions for course correction and right-sizing, and assessing reimbursement strategies.

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CAH CFO-Administrator Forum: Strategies for Recruiting/Retaining Top Talent and Provider Relief Fund Reporting

On July 28, Chris Tyhurst, Claire Hilleary, Cristin Heyns-Bousliman, and Carol Cochran from REDW, provided virtual education on recruitment, retention, and reporting. Healthcare employers are now facing a unique challenge in attracting and retaining top talent, which is commonly known as “The Great Resignation.” Leaders at REDW explained how this is really “The Great Negotiation.”  The group discussion was facilitated by Forum Moderator Chris Ekrem, FACHE, VP of Hospitals at EqualizeRCM.

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CAH CFO-Administrator Forum: Reversing the Great Outmigration and Increasing RHC Reimbursement

On May 19, 2022, EqualizeRCM sponsored a forum for CFOs and CEOs of Critical Access Hospitals, where Michael Hill, MD, President & CEO at Rural Health Solutions, provided virtual education on “Reversing the Great Outmigration and Increasing RHC Reimbursement” – how to use Care Coordination strategies to reduce outmigration, and increase financial sustainability.

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CAH CFO-Administrator Forum: Generating New Revenue Streams

On July 9th, 2021, EqualizeRCM sponsored a forum for CFOs and CEOs of Critical Access Hospitals, where Mark Buckley, VP of Clinical Operations, Mid South Rehabilitation, Ron Kubit, CEO, TeleNeph, LLC, and Robert Thorn, Director, Pinnacle Healthcare Consulting provided virtual education on “Generating New Revenue Streams for Critical Access Hospitals.” The main focus was on growing your top line to grow your bottom line, keeping your patients local with tele-nephrology, and optimizing rehabilitation revenue in CAHs.

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Impact of COVID-19 on Community Health Centers

One key to success in the COVID-19 environment is to retool staff and processes to address key issues in revenue cycle. Community Health Centers that not only succeed, but thrive, will find new ways to engage patients. COVID-19 has accelerated the adoption of Telemedicine, and many are adding new lines of business such as Chronic Care Management. Some Community Health Centers are turning towards new technologies that reduce revenue leakage by identifying patients that are covered by Medicare, Medicaid, or other payors. While our environment has changed, Community Health Centers that find alternate sources of income and improve processes will continue to thrive.

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