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Message from the President
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Natasha Baria Mehta,FACHE, FHFMA
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In our last quarterly Newsletter, I mentioned that our Chapter has embarked on a journey towards the Shelton Award (most prestigious award at the Chapter level.)
FYI: "The Robert M. Shelton Award for sustained Chapter Excellence is presented each year to the chapter judged as displaying exemplary service to members over a sustained period of immediate past five years. The award, unveiled in 1979 in honor of Robert Shelton's long-standing contributions to the Association, was presented for the first time in 1980.
The purpose of this award is to recognize those chapters that demonstrate sustained excellence, over a five-year period, in provision of services to members established by HFMAs strategic plan."
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 Suggested Reading from the Professor Dr. Jordan Mitchell A Young Person's Perspective of the ACA By Abdhija Sai Durga, Healthcare Administration Student and the UHCL - Healthcare Financial Association's President-Elect With the establishment of the Affordable Care Act (ACA), the face of the healthcare industry has gone through massive renovation in its policies. Some of the changes in the system in the ACA involve the medical insurance plans available to students or adults under the age of 26. Although the ACA was intended to make healthcare accessible to those of lower income, the opposite effect can be seen with the student population. Click here to continue reading. |
 Member Spotlight
Emily Goertz, CHFP, CPAM, CPC Director, Patient Financial Services Texas Children's Hospital
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Welcome New Members!
Click here to see our members that have joined since August 2013.
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Should Health System's Hold the Ambulatory
Enterprise to a Different Financial Standard?
By Kate Lovrien and Luke Peterson
Health System Advisors
Driven by softening volumes, risk-based reimbursement models favoring lower cost substitutes, consumerism, and high-deductible health plans, health systems are working to respond to increased consumer and payor price and service sensitivity. These trends suggest, the health systems that cannot develop a strong ambulatory network will be increasingly cut out of a larger and larger portion of the care delivery. However, health systems' financial success with the ambulatory enterprise has been a mixed bag and financial success often depends on hospital-based pricing. This model is not sustainable as the hospital-based pricing differential is an arbitrage opportunity that is quickly coming to an end. With the specter of significant unit price declines as the hospital-based pricing advantage disappears, can the health systems continue to invest in building the ambulatory enterprise? |
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Take time to shop for the best health coverage
Karen Love, Community Health Choice
Wondering why the new Health Insurance Marketplace opens October 1st, when actual coverage doesn't go into effect until January? One crucial reason is to allow people to familiarize themselves with the online process and their coverage choices.
Click here to continue reading.
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The Value of Certification
Many healthcare organizations in today's challenging economy recognize their workforce as their most valuable asset. As such, these organizations tend to hold workforce development as a primary business strategy.
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Cashing in on Revenue Cycle Improvements
By Ritchie Dickey, VP
Lancaster Pollard
 The single most important consideration for any creditor to provide debt to a hospital is its liquidity position. However, many hospital managers often overlook certain enhancements in the revenue cycle to increase cash flow. Here are some suggestions to increase cash on the balance sheet
Click here to continue reading.
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HFMA Webinars
Are you trying to keep up with Healthcare Reform
Need Education?
Need CPE?
Would you like FREE Education/CPE?
Are you a member of HFMA?
Then click here and to see a list of upcoming webinars.
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Certification Committee Update
CERTIFICATION SPOTLIGHT: |
FY13/14 Goal:
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Goal
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Actual to Date
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Members Passing CHFP Exam
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10
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1
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Click here to see how you could receive reimbursement of up to $674! |
Next Newsletter Deadline
Articles due to the Editor no later than January 1, 2014
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Submit articles (MS Word) or advertising (.jpg or .tif files) to the newsletter editor, Lita Abreu at
eabreu@bcm.edu
- For advertising rates for NON-SPONSOR ads, please contact the newsletter editor at the same e-mail address.
- Gulf Coast Lines is published quarterly by the Texas Gulf Coast chapter of the Healthcare Financial Management Association as a communication medium to Chapter members. Opinions expressed in articles are those of the authors and do not necessarily reflect the views of the Texas Gulf Coast chapter or its members.
- Please submit all submissions to Newsletter Chair, Lita Abreu, at eabreu@bcm.edu.
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