Posted on February 17, 2017
In January 2015, the US Department of Health and Human Services (DHHS) established new goals for Medicare to improve value while controlling costs. The Medicare Access & CHIP Reauthorization Act of 2015 (MACRA) will help achieve these goals:
Goal 1: by the end of 2016, 30% of Medicare payments are tied to quality...
Posted on July 13, 2016
In Part 1 of this two-part series, I explain why hospitals should add a Chief Nursing Finance Officer (CNFO) to the executive leadership team. This post discusses the implementation of the CNFO role. Some ideas for supporting the CNFO role are also presented.
It is essential to justify the resources allocated to the CNFO position. Comparing the CNFO’s...
Posted on June 22, 2016
This is the first of a two-part series of blog posts explaining and supporting the acute care executive role of Chief Nursing Finance Officer (CNFO). Danielle Miller, Chief Nursing Officer, Clinical Applications at Inform recently proposed this new nurse executive role. Most US hospitals already have a Vice President for Nursing or a Chief Nursing...
Posted on June 21, 2016
Today marks the 20th anniversary of National Aboriginal Day in Canada. Every year on June 21st, Canadians celebrate the unique heritage, cultures, and contributions of the indigenous peoples that helped to make Canada the country it is today. It coincides with the summer solstice, which is a day of cultural importance in many cultures. Specifically, it is an important day in the Inuit and Metis communities, which are considered the First Nations of Canada.
Springer Publishing Company is...
Posted on May 5, 2016
Written by guest blogger Susan J. Penner, RN, MN, MPA, DrPH, CNL, author of Springer Publishing Company's text, Economics and Financial Management for Nurses and Nurse Leaders, Second Edition, 2013, and adjunct faculty at the University of San Francisco School of Nursing and Health Professions.
Part 1 of this...