Spring Issue, April 2017

The Maine Chapter of the Healthcare Financial Management Association is a professional membership organization for individuals in financial management of healthcare institutions and related organizations


The Maine Chapter of HFMA is continuing its newsletter contest!   

(For contest details, check out the right panel below) 
Greetings Maine Chapter HFMA Members
Message from the President

It is hard to believe that my year as president is coming to a close. We have had another very successful year and should again score very high in the Chapter's Balance Score Card which measures a host of metrics that national HFMA tracks for each of the chapters. The chapter is fiscally strong allowing us to continue to offer a variety of programs to increase our knowledgebase in an ever changing industry.
I would like to thank the board and board officers for all the time and hard work they have put in to make this year another successful one. I wish Natasha Erb, our incoming president the best for a successful upcoming year.  Natasha will be assisted by David Kennedy, President-Elect and Julie Paquette, Vice President.
Our last education session of the season is coming up the end of the month.  The Spring Symposium will be held April 27-28 at the Cross Center in Bangor, Me.  Topics include; Accounting Hot Topics, 501r: Assessing Compliance and Preparing for an IRS Review, Telehealth, and IT Security to name a few.  Please be sure to check the full agenda for all the topics and details. Invitations have been sent out for this program.  If you did not receive one, please contact Natasha Erb at nerb@mcd.org .
This year's Region 1 Conference, The Age of Innovation: Drive to Thrive will be held May 24-25 at Mohegan Sun and will again have three tracks. The registration deadline is May 12th and the hotel deadline for the preferred rate of $159 per night (plus tax and facility fee) will be honored until May 3rd.  When registering for your hotel room, please use the group code HFMAR17 to receive the reduced rate. For more details, please visit the Region 1 website; https://www.hfmaregion1.org/ .
Please check the Maine HFMA website at www.mainehfma.org  for all presentations of past programs you may have missed. We will soon have the sessions for the coming year posted.
Lastly, I would like to thank our members, our sponsors, and our chapter volunteers for all that they do.  Our chapter truly can't be successful without you.  As always, we appreciate your continued support of the chapter and look forward to seeing you at education sessions.  If you are looking for opportunities to volunteer or if you have any questions or concerns, feel free to contact me at kcarmichae@mmc.org or 207.662.6569.
Kathleen Carmichael, CPA, FHFMA, CGMA
President Maine Chapter HFMA


2018 Proposed - Medicare Inpatient Prospective Payment System 
Rule Summary

Baker, Newman and Noyes
Greg Knight, Senior
Stephanie Richio, Manager
Brett Seekins, Senior Manager
Mark Levy, Senior Manager
Jan Hodgdon, Director

On April 14, 2017 CMS released the 2018 Medicare Proposed Rule.  Medicare is proposing to revise the  Medicare hospital inpatient prospective payment systems (IPPS) for operating and capital-related costs of acute care hospitals to implement changes arising from our continuing experience with these systems for FY 2018. Some of these proposed changes would implement certain statutory provisions contained in the Pathway for Sustainable Growth Rate (SGR) Reform Act of 2013, the Improving Medicare Post-Acute Care Transformation Act of 2014, the Medicare Access and CHIP Reauthorization Act of 2015, the 21st Century Cures Act, and other legislation. We also are making proposals relating to the provider-based status of Indian Health Service (IHS) and Tribal facilities and organizations and to the low-volume hospital payment adjustment for hospitals operated by the IHS or a Tribe. In addition, we are providing the proposed estimated market basket update that would apply to the rate of increase limits for certain hospitals excluded from the IPPS that are paid on a reasonable cost basis subject to these limits for FY 2018. We are proposing to update the payment policies and the annual payment rates for the Medicare prospective payment system (PPS) for inpatient hospital services provided by long-term care hospitals (LTCHs) for FY 2018.

Professionals at Baker Newman and Noyes have written a summary of the most pertinent provisions in the proposed rule. Click below to read the summary.


Grant  Ballantyne,  Manager

As we begin the second year of Uniform Guidance, here's what we've learned from year one, and some strategies you can use to approach various challenges, all told from a runner's point of view.
A Runner's Perspective
As I began writing this article, the parallels between strategies that I use when competing in road races - and the strategies that we have used in navigating the Uniform Guidance - started to emerge. I've been running competitively for six years, and one of the biggest lessons I've learned is that implementing real-time adjustments to various challenges that pop up during a race makes all the difference between crossing - or falling short of - the finish line. This lesson also applies to implementing Uniform Guidance. On your mark, get set, go.

The Financial Accounting Standards Board has recently issued guidance to simplify the accounting for goodwill impairment with ASU 2017-04.  Under the new guidance, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit.

Learn More About Goodwill Impairment Testing

The Top Three Factors Behind Successful Partnerships in Post-Acute Care

Conner Girdley, Lancaster Pollard
Grant Goodman, Lancaster Pollard

I n a health care industry that is transitioning from a fee-for-service model to a value-based reimbursement system, hospitals are selling outcomes, not procedures. This shift has had a substantial impact on health care delivery and treatment, especially in regard to hospitals' partnerships with post-acute care providers.

Click here to read more
In This Issue
Newsletter Contest

The Maine Chapter of HFMA is continuing its newsletter contest!  

The National HFMA has announced a new theme for the upcoming year -



As you read the newsletter, look for this logo:



 It could be ANYWHERE so make sure to click on the full article links as you search for the logo. Once you find it, send an e-mail with your name and the location of the logo to Lisa Trundy-Whitten at ltrundy@berrydunn.com


 You could win a $50 gift certificate to L.L. Bean!!


All entries must be submitted by
 May 31
, 2017


  Happy reading! 



To Our






Thomas agency









Welcome New Members!
Julie Warren
Maine Medical Partners
Stephen Bragg
Eastern Maine Medical Center
Sabrina Christian
Baker Newman Noyes

Shelley Duplisea
Baker Newman Noyes
Amber Cooper
InterMed, PA

Michele Butler 
Eastern Maine Medical Center
Jason Badeau

Jeremy Storer
Maine General Health
Timothy Floyd
The Crisis & Counseling Centers, Inc.

Amanda Bailey
Mercy Hospital

Miranda Nelson
Eastern Maine Healthcare Systems
Daniel Peavey

Debbie Belanger
Eastern Maine Healthcare Systems

Lisa Stawarz-Gagne
Eastern Maine Healthcare System

Hillary Damon
Eastern Maine Healthcare Services 

Dorcas Riley
Coastal Healthcare Alliance

Brooke Freeman
Baker Newman Noyes

Upcoming Education Events
Save the Date

Region 1 Annual Meeting
May 23-24,  2017
Mohegan Sun

June 25-28, 2017
Orlando, FL

Maine Chapter Annual Meeting
September 14-15, 2017
Hollywood Casino

For complete list, visit our 

Strategies for Unifying Your Clinical and Non-Clinical Payments to Enhance the Patient Financial Experience
Tuesday May 16 - 2:00 - 3:00 p.m., CDT
Creating Successful Pre- and Point-of-Service Collections Strategies
Wednesday, May 17 - 2:00 - 3:00 p.m., CDT
Improving Patient Satisfaction Through Data Analytics and Aggregation
Thursday, May 18 - 2:00 - 3:00 p.m., CDT
T he Secret to Finding the True Cost of a Single Patient Case
Tuesday, June 6 - 2:00 - 3:00 p.m., CDT
Transform Your Revenue Cycle by Outsourcing Key Areas to Prepare for the Transition to Value-Based Care
Wednesday, June 7 - 2:00 - 3:30 p.m., CDT
Community Blood Centers Shares Reporting Best Practices & Technologies
Wednesday, June 13 - 2:00 - 3:30 p.m., CDT
A New Approach to Benchmarking and Performance Management: How OSF Healthcare Translated Opportunities Into Cost Savings
Wednesday, June 14 - 2:00 - 3:00 p.m., CDT

Minimizing the Financial Risk of Value-Based Reimbursement by Increasing Effective Patient Outreach Using Social Health Attribute Data
Thursday, June 15 - 2:00 - 3:00 p.m., CDT



To access full list of educational webinars click here:


ME HFMA Newsletter Committee 

Lisa Trundy-Whitten, Chair, 


(207) 541-2263


Laurie Melanson, Committee Member, 



Stephanie Richio, Committee Member,



David Kennedy, Committee Member,



Christina Harding, Committee Member,



Next e-Beacon

July 31, 2017

Did you miss a Beacon publication? Visit Maine Chapter of HFMA website to view past issues:


Past Newsletters



We are always looking for new ideas and content to improve our newsletter. If you would like to join the Newsletter Commitee or would like to submit comments or ideas, please contact Lisa Trundy-Whitten at