Healthcare CFO Report

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Posted By: Annmarie Budniak June 18, 2019

When it comes to healthcare financial and payment matters, value-based care, and policy here is what is being reported and talked about. For more on Healthcare CFOs read our previous reports and to keep your finger on the business news pulse, check out our latest Health IT Business News.

To Listen:

Payment Matters: Host Jeff Lin (@JeffBLin) is joined by Sarah Bettencourt, Treasury Manager, PCI and POS Services, Vanderbilt University Medical Center. Sarah shares her experience implementing a P2PE Validated solution at a major health organization – including best practices and lessons learned.

Policy

Colorado Becomes First State in Nation to Cap Price of Insulin
The Denver Post reports that diabetics in Colorado who use insulin to control their blood sugar levels won’t pay more than $100 per month for the drug starting in January thanks to a bill signed into law by Gov. Jared Polis on Wednesday.

Finance

CVS Health Outlines Strategy to Accelerate Growth
The executive team of CVS Health (@cvshealth) will outline a series of transformation initiatives at its 2019 Investor Day today, showing how the company plans to accelerate enterprise growth, simplify a consumer health system that is confusing and inconvenient, and position the company for long-term growth and increased shareholder value. The company also will provide greater insight into near- and long-term earnings potential.

Survey Says

Digital Transformation Investment Critical to Health Systems Survival, Says Senior Financial Leadership in Black Book Study
Black Book (@blackbookpolls) reports that according to our latest research study, investment in digital transformation is vital for health systems to keep a competitive advantage. Overall, 8 in 10 CFOs surveyed believe that digital transformation is critical for their health system to survive long term and maintain quality patient services.

Aledade News

Aledade, California Medical Association Announce Collaboration to Help Physicians Deliver Better Care at Lower Cost
Aledade, Inc. (@AledadeACO) and the California Medical Association (CMA) announced a new collaboration to help independent physicians succeed in the value-based health care system.

Aledade and the Louisiana Physicians Accountable Care Organization Partner to Deliver High-Quality Care and Lower Costs
Aledade announced a partnership with the Louisiana Physicians Accountable Care Organization (LPACO). Through the partnership, Aledade will support the independent primary care physician-led LPACO in delivering high-quality, coordinated care to communities across Louisiana.

ApprioHealth News

ApprioHealth Adds C-Level Executives, Naming Dinesh Pai as Chief Financial Officer and Michael Wilmoth as Chief Operating Officer
ApprioHealth (@apprioinc , a provider of advanced technology and specialized revenue cycle management (RCM) solutions for commercial healthcare providers, announced the appointments of Dinesh Pai as chief financial officer (CFO) and Michael Wilmoth as chief operations officer (COO).

ApprioHealth Continues Building Superior Management Team with Additions of Rodney Napier as Chief Development Officer and Jude Crowell as Chief Client Officer
ApprioHealth recently announced Rodney Napier as chief development officer and Jude Crowell as chief client officer. As a new division of Apprio, ApprioHealth is pushing aggressively into the commercial health technology and revenue cycle service market for hospitals throughout the United States. In order to establish a strong and stable foundation, the company continues to focus on bringing together a highly experienced senior leadership team.

Patient Financial Matters

RAND Study: Hospitals Charging The Privately Insured 2.4 Times What They Charge Medicare Patients
Forbes reports that for generations, the prices that hospitals charge patients with private insurance have been shrouded in secrecy. An explosive new study has unlocked some of those secrets. It finds that employers and their insurers are failing to control hospital costs, increasing calls for transparency into insurer-hospital agreements.

Private Insurance Payments to California Hospitals Average More Than Double Medicare Payments
According to report by West Health, on average, California hospitals were paid 209 percent as much by private insurers as they were by Medicare for similar services in 2015 and 2016. Medicare paid an average of 79 percent of cost, and private insurers paid an average of 165 percent of cost, or more than twice as much as Medicare.

Events

HFMA 2019 Annual Conference
When:  June 23-26, 2019
Where: Orlando, FL
Twitter: @hfmaorg
Hashtag: #HFMAAnnual

HFMA Annual Conference – This year’s HFMA Annual Conference will inspire you to take action, giving you the tools you need to lead change and deliver on the promise of transformation. Focused on improving the business of health care, the conference draws more than 2,500 healthcare leaders from across the nation and offers 3 strategy-focused General Sessions, more than 50 best-practice breakout sessions, and 4 focused cohorts over 3 days.