In a very complex healthcare environment – beset with uncertainty from Washington, persistent MassHealth underpayments, ballooning pharmaceutical pricing, and the specter of an $880 million government-mandated nurse ratio ballot question on the horizon – hospital financial personnel work hard to keep their facilities afloat.
Did you know that there are currently 14 Massachusetts hospitals with negative operating margins?
The following three MHA Education Department programs are focused on hospital finances. Click on the links for more details and registration information.
Webinar: Finding Lost Revenue – Charge Capture Audits. Tuesday, March 13, 1 to 2:30 p.m. Attendees will learn the hot spots for lost revenue through charge capture audits. They will be able to identify their own internal areas of risk; both for compliance and revenue.
Webinar: Finding Lost Revenue – Why I Love the Two-Midnight Rule. Wednesday, April 11, 1 to 2:30 p.m. Attendees will learn the problems with inpatient versus observation classification and will be able to identify the most common problems with the lost inpatient–Two-Midnight Rule benchmark. High risk areas as identified by Medicare audits will be discussed, along with action plans to reduce risk.
MHA Conference: An Overview of Healthcare Financial Management. Wednesday, May 9, 8:30 a.m. to 3 p.m. This program will review the importance of budgeting and show participants how to read and better understand performance reports and dashboards. It will introduce a proven method of determining the real underlying causes of budget deviations, explore an objective way to examine departmental performance that highlights both high-performing departments and those in need of some assistance, and examine three ways to look for improvement in routine work processes.