Click here for the July 2014 Issue LTC Special Edition Issue ___________________________________________________________________________________________________________
AUGUST WEBINAR SERIES
Wed 8/27/14 Responding to the Delayed ICD-10 Implementation
3:00 - 4:30pm
During this webinar, panelists will provide a brief background on the delayed ICD-10 implementation and provide industry executive perspectives on how they have prepared both for the implementation and the delay. This webinar also identifies the potential financial implications of this delay on the industry and provide insight on how to minimize the impact on cash flow and credit.
Thu 8/28/14 Innovations in Cost Accounting Drive Value-Based Healthcare
3:00 - 4:30pm
This webinar compares and contrasts various costing methodologies and how to better support bundled payment and risk-based contract negotiations by marrying rich costing data with clinical information.
Board Election Results
Congratulations to Jodi Depalma (Norwalk Hospital), Christina Hage (Healthy CT), Matt Schuster (Eastern Accounts) and Krista Strazza (TCORS) on their election to the CT HFMA Board of Directors. Also, congratulaions to Patrick Garvey (CCMC) on his re-election.
Click here (.docx) to read the press release.
Norwalk Hospital, along with 5 other hospitals, was awarded the MAP [Measure, Apply, Perform ] Award for Performance Improvement in revenue cycle at the Health Care Financial Management [HFMA] October MAP conference. The MAP Award recognizes health care organizations that demonstrate measurable improvement in MAP Revenue Cycle Keys- key performance indicators that set the standard for revenue cycle excellence in the healthcare industry.
Norwalk Hospital was recognized for its recent revenue cycle LEAN performance improvement activity over the past few years. This activity resulted in net days of accounts receivable of 29 days, which measures the average length in days to secure payment after service is provided. The best practice metric for this national indicator is between 35-40 days.
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