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| December 2009 — Vol. 2, No. 12 | SUBSCRIBE | MEMBERSHIP | |||||||
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Holiday Greeting During the holidays, our thoughts turn gratefully to those who have made Financial Edge a success during the past year. We would like to extend our appreciation and thanks to all who have supported and contributed to these efforts. Through the hard work of the Financial Edge Task Force and many contributors who volunteered their time and efforts to make the newsletter interesting and informative, our readers have gained industry knowledge and an opportunity to engage in new collaborative efforts to drive the future of the healthcare industry. Best wishes to all for a happy holiday season and a new year filled with peace, joy and success! Mary Rita Hyland, Chair, Financial Edge Task Force Industry Prepares for Changes to HIPAA Administrative Procedures The healthcare community is preparing for changes to HIPAA Administrative procedures, including the conversion to 5010 and ICD-10. Read More >> Next month’s Financial Edge will have additional results and analysis from HIMSS’ 5010 and ICD-10 Survey. HIMSS Analytics Survey Reveals Healthcare "Business Associates" Are Unprepared for Data Breach According to a recent survey by HIMSS Analytics, business associates, those who handle private patient information for healthcare organizations—including everyone from billing, credit bureaus, benefits management, legal services, claims processing, insurance brokers, data processing firms, pharmacy chains, accounting firms, temporary office personnel, and offshore transcription vendors—are largely unprepared to meet the new data breach-related obligations included in the HITECH Act. Read More >> CMS Announces EHR Matching Funds Awards for Seven States In another key step to further states’ role in developing a robust U.S. health IT infrastructure, CMS announced last week that California, New York, Georgia, Texas, Idaho, Montana, and the U.S. Virgin Islands will receive federal matching funds for planning activities under the American Recovery and Reinvestment Act’s (ARRA’s) electronic health record incentives program. Read More >> ONC Unveils New Health IT Buzz Blog In late November, National Coordinator for Health IT David Blumenthal, MD, MPP, launched Health IT Buzz, a new blog from ONC that allows readers to learn more about ONC's work in health IT. Read More >> Viewpoint: Health Information Exchange and Interoperability Building the Healthcare Financial Network of the Future Designing the Healthcare Financial Network of the Future, a centerpiece program that seeks to support overall health improvements by leveraging banking systems, will be offered on March 1-2, 2010 at the Omni Hotel in Atlanta, Ga. The program is held in conjunction with HIMSS10, March 1-4 at the Georgia World Congress Center. Read More >> HIMSS10 Financial Systems Symposium Follow the Money in 2010 - Understanding the Pressures and Impacts on Financial Systems Sunday, February 28, 2010, 8:00 am – 1:00 pm Financial Edge is a monthly online newsletter published by the Healthcare Copyright© 2009 by the Healthcare Information and Management Systems Society.
For information on Financial Edge The inclusion of an organization name, product or service in this publication should not be construed as a HIMSS endorsement of such organization, product or service, nor is the failure to include an organization name, product or service to be construed as disapproval. |
Call for Participation: Financial Edge
Share your feedback on Financial Edge. Let us know what you’d like to see in future issues and if you’d like to participate in planning and developing newsletter content. Contact Pam Matthews, CPHIMS, HIMSS senior director, business and financial information systems, or Nancy Vitucci, HIMSS manager, publications.
Healthcare Finance News
Physicians Saw Success with P4P in 2009
By Healthcare Finance News Staff A five-year pay-for-performance project involving 10 large physician practices across the country demonstrated increased revenue savings and improved quality of care, according to results released this year. Networking
LinkedIn Discussions ICD 9/CM to ICD 10/CM Migration
How are hospitals financially clearing patients? Connect with HIMSS Expand your network by connecting to HIMSS on these social media sites:
Calendar Takin’ HIT to the Streets: The ARRA Era 2010 Annual HIMSS Conference & Exhibition 2010 World of Health IT Conference & Exhibition HIMSS AsiaPac10 Exposition Watch upcoming issues of Financial Edge for details on webinars to be presented in 2010 Financial Systems Webinar Series MBProject Webinar Series Tool/Resource of the Month: Justifying the use—and cost—of information technology systems can be a big challenge for providers. Justification for revenue cycle management (RCM) information systems can be easier than clinical systems, as these systems impact the provider’s revenue stream and the organization’s financial health. The white paper Revenue Cycle Management: A Life Cycle Approach provides an overview of the revenue cycle life cycle and begins exploration of best practice metrics. A work product of the HIMSS 2009 Revenue Cycle Management Task Force, this white paper explores identified stages in the RCM life cycle encompassing the entire patient encounter process. The life cycle is divided by category of activities, with each category described in detail. |
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After 20 years of technology and information systems development, are we any closer to our goals? Everyone has an idea, based on their experiences, their company’s products or services or their jobs. But are we allowing ourselves time to digest and analyze the appropriate combination of elements that need to be in place for the "network" to succeed? Do we all have the same goals in mind? 
