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Top Trends and Topics from HFMA ANI 2014

We enjoyed catching up with clients, media and healthcare finance professionals at the 2014 HFMA ANI Conference held in Las Vegas, NV.  During the conference, we were honored to have 5 products receive The Importance of Healthcare Data – On Monday, Atul Gawande, MD shared his keynote presentation, “Leading the Change: Healthcare in Transition,” and discussed the importance of leveraging data in a smart and useful manner to reduce costs.  Atul explained that “success requires making data the most important resources to clinicians and patients for improving care.” Health systems and hospitals should leverage data to improve quality outcomes and reduce revenue leakage. He also emphasized the importance of collaboration, Why Doctors and CFOs Need to Talk.” Outpatient Services as a Promising Opportunity –Hospitals and health systems are exploring new opportunities in outpatient services to increase referrals to core patient services and to position their organization within their perspective communities.  As hospitals continue to compete for market share in clinical areas, outpatient services will be a beneficial method to reach new patients and generate revenue. Pricing Transparency in Hospitals – Finally, we heard a lot about the industry’s increasing need for pricing transparency. A Transunion Healthcare survey released Monday found that  62 percent of patients are either sometimes or always surprised by their out-of-pocket costs, while only one-quarter are given pre-treatment cost estimates from their providers. With this increasing trend, it is vital for healthcare organizations to implement strategic processes that enable consumers to access defensible, market-appropriate service pricing. Did you attend HFMA ANI 2014? If so, we look forward to hearing your thoughts on the most discussed trends.