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Arnie's CFO Spot: Activity Based Costing & Activity Based Management in Hospitals
http://akcfoblog.blogspot.com/2010/07/activity-based-costing-activity-based.html
Activity Based Costing and Activity Based Management in Hospitals. The following article was written by a colleague, John P. Ortiz. John is a partner in Tatum’s Healthcare Services practice. I want to express my gratitude for John's contribution to Arnie's CFO Spot, as this is an important and timely topic for the industry. Healthcare Looks to Other Industries for Cost Management. Tools for Different Needs. 8221; It’s a way to maintain and process financial and operating data on resources, activiti...
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Arnie's CFO Spot: Reasons Hospitals Become Profitable...My Opinion
http://akcfoblog.blogspot.com/2010/09/reasons-hospitals-become-profitablemy.html
Reasons Hospitals Become Profitable.My Opinion. I recently read in. A blog entitled ". Five reasons hospitals become profitable. Posted on September 16th by Mike Stephens. Mr. Stephens lists the following influences he believes contribute to profitability: Payer mix; market leverage; product differentiation; highly disciplined and rigorous control of expenditures; and true hospital/physician integration. Product differentiation and hospital/physician integration lend themselves to proactive strategic ini...
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Arnie's CFO Spot: What is the Cost of Quality in your Organization?
http://akcfoblog.blogspot.com/2010/10/what-is-cost-of-quality-in-your.html
What is the Cost of Quality in your Organization? CFOs often work closely with operations-focused consultants, as both of us are very interested in efficiencies that positively affect the organization's bottom line. In one of my past assignments, I worked with Rebecca Brooks of Efficient Health Care Operations. Here, she has contributed her input on why efficiency and quality go hand in hand in process improvement efforts. 8226; Do you or your staff spend more time fixing mistakes than preventing them?
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Arnie's CFO Spot: EHR Meaningful Use Final Rules - What's The Verdict?
http://akcfoblog.blogspot.com/2010/07/ehr-meaningful-use-final-rules-whats.html
EHR Meaningful Use Final Rules - What's The Verdict? So, doctors and hospitals will be rewarded for the "meaningful use" of electronic medical records. The final rules. All 864 pages), issued last Tuesday lighten up on the proposed requirements that the healthcare industry deemed unrealistic. A brief overview in the July 14th edition of the New York Times. As always, the devil is in the details. It remains to be seen how this will all shake out. I sincerely hope truly meaningful use of EMRs will ...I wil...
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Arnie's CFO Spot: Once a Turnaround Guy/Gal, Always...?
http://akcfoblog.blogspot.com/2010/08/once-turnaround-guygal-always.html
Once a Turnaround Guy/Gal, Always? Organizations in need of a turnaround are generally deeply distressed. Cash flow deficits may exist. Vendors may be withholding goods and services. Employee morale is low. Management may not have a plan to address the issues. The Board may have lost confidence in management. The community, regulators, and reimbursement sources may have serious concerns. Processes and systems are probably not effective. Did I paint a gloomy picture? These skills would be of as much value...
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Arnie's CFO Spot: Accountable Care Organizations & Collaboration
http://akcfoblog.blogspot.com/2010/05/accountable-care-organizations.html
Accountable Care Organizations and Collaboration. Accountable Care Organizations, or ACOs, are an exciting component of health care reform. A study by The Commonwealth Fund, entitled. The Vermont Accountable Care Organization Pilot: A Community Health System to Control Total Medical Costs and Improve Population Health. As described in the report, the Vermont Health Care Reform Commission (HCRC) spearheaded a pilot ACO program. Their key findings were. A) The ACO cannot exist in a vacuum. In my view, perh...
akcfoblog.blogspot.com
Arnie's CFO Spot: Why a Career in Hospital Turnaround Management?
http://akcfoblog.blogspot.com/2010/09/why-career-in-hospital-turnaround.html
Why a Career in Hospital Turnaround Management? The following article was written by a colleague, Arnie Kimmel. Arnie (for clarity, let's call him Arnie2) is an experienced turnaround CEO currently a partner at Tatum. I want to express my gratitude for Arnie2's contribution to Arnie's CFO Spot, as this is an important and timely topic for the industry. Subscribe to: Post Comments (Atom). I'm a deeply experienced healthcare and non-profit CFO. My credentials include a CPA, MBA and FHFMA. I am pass...The I...
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Arnie's CFO Spot: Compliance - Corporate Culture Trumps Programs
http://akcfoblog.blogspot.com/2010/05/compliance-corporate-culture-trumps.html
Compliance - Corporate Culture Trumps Programs. Richard Brinsley, an Irish playwright and Whig statesman, wrote “. Take care; you know I am compliance itself, when I am not thwarted! No one more easily led, when I have my own way; but don't put me in a frenzy. By now, we all know it's desperately important to have a comprehensive compliance program. More important is the need to develop a corporate culture of trust. In a blog published May 13th in the Wall Street Journal, entitled ". So, the moral is: de...
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Arnie's CFO Spot: Cash is King
http://akcfoblog.blogspot.com/2010/06/cash-is-king.html
The answer is invariably cash flow issues. It's critical to measure and monitor cash, so it's essential to develop cash flow projections, preferably of the rolling, thirteen week variety. Refresh the projections weekly. Look for points in time when your liquidity could be in jeapordy, and plan for how you might deal with the situation. April 19, 2012 at 8:06 AM. Cash is life- by http:/ edu-article.blogspot.com. Subscribe to: Post Comments (Atom). View my complete profile. Subscribe to my CFO Spot.
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