Summer Issue, August 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
   

I hope you are all enjoying the beautiful Maine summer that has finally arrived! 

First of all, I would like to thank our chapter's volunteers, sponsors and members for a very successful past year! Maine Chapter of HFMA, one of only 18 out of 68 chapters across the country, achieved the perfect performance score as a chapter for the 2016-2017 year! In addition, Kathleen Carmichael, as our chapter's Past President, and I recently attended the HFMA National Institute Conference (ANI) in Orlando, Florida where our chapter received the following awards based on the 2016-2017 year's performance:

* Bronze Award of Excellence for Membership Growth and Retention
* Gold Award of Excellence for Certification

The chapter's success depends on our volunteers and we are fortunate to have a very engaged group of talented individuals who serve on the Board of Directors, participate in various chapter committees, and who go above and beyond to serve the chapter in order to continuously improve our member experience and maximize the value of the HFMA membership. To continue to build on this success, we excited to introduce a new Member Engagement program: "Get Engaged! Get Rewarded!" Under this program, members can earn points towards free education programming by getting engaged in the chapter activities. To learn more about the program, please visit the Membership section of the Maine Chapter of HFMA website (link the "membership word to this link - http://www.mainehfma.org/site/epage/164298_263.htm). Don't wait, get engaged and be rewarded!

Chapter leaders and volunteers have recently participated in a planning session where we discussed the feedback provided in our most recent membership satisfaction survey, the successful and not so successful practices from past years, as well as many new ideas. In the next year, we will continue to focus on improving our education programming by bringing in dynamic speakers and providing a variety of relevant and timely education. In addition, we will be focusing on offering more opportunities for you to network with your peers and help you stay connected with other healthcare financial professionals in the region. We are pleased to announce that we are planning a summer outing towards the end of August, where members will be invited to bring families, friends and pets to participate in a short fundraising walk to benefit a local charity. Stay tuned for further announcements!

I am excited to announce that our education calendar for the year has been released and is available on the Maine Chapter of HFMA website under the Education section (link to this URL http://www.mainehfma.org/site/epage/95574_263.htm). We will soon be opening registration for the Annual Meeting that will be held on September 14th and 15th at the Hollywood Casino Hotel in Bangor. In addition, we are excited to announce that the Maine Chapter will be offering a brand new program this year, Women in Leadership Forum, which will be held on October 20th, 2017 at the Maple Hill Farm Bed & Breakfast in Hallowell. We have lined up an exciting group of speakers who will present on a variety of leadership topics to help female professionals propel their careers forward. Save the date and watch for future announcements related to this program that will be coming out shortly!

I look forward to serving as the Maine Chapter President for the next year and encourage you to contact me or any member of chapter leadership with questions, concerns or ideas you may have on improving our chapter. You can reach me at nerb@mcd.org or by calling me at 207.622.7566. I appreciate the continued support of the chapter from all of you and I am looking forward to another exciting year with the HFMA family!


Sincerely,

Natasha Erb, CPA, FHFMA
President Maine Chapter HFMA


2018 Final -
Medicare Inpatient Prospective Payment System Rule Summary



Baker, Newman and Noyes

CMS issued the final Medicare Inpatient Prospective Payment Rule on August 7, 2017.  Professionals at Baker Newman and Noyes have written a summary of the most pertinent provisions in the final rule. Click below to read the summary.




 



Tammy Brunetti, BerryDunn

Today's senior living providers must ensure that their mission and vision for the future are built on a healthy financial plan and structure. Here are some things you should know to build just that.

America's senior living industry includes a diverse range of organizations - from skilled and long-term-care providers to assisted living organizations, retirement communities, community health organizations, and more - all operating in an unusually complex, fast-changing environment.

Yet one thing they have in common is the need to plan effectively for the future. Is your organization ready? Whatever your vision for the years ahead, the single most important question your organization needs to answer is "Do we have a realistic financial plan and structures in place to support the vision?"

To learn more:




 
Upcoming Chapter Events

Women in Leadership Forum

Ma ine Chapter of HFMA is excited to announce a brand new, first-ever and one of a kind conference designed by and for women in healthcare leadership positions. The conference will host a range of dynamic panelists and speakers on a variety of leadership topics aimed at helping women in leadership positions to acquire necessary skills to continue to grow in their careers.

Speaker Wendy Capland is an award winning expert on leadership and author of the best-selling self-help book "Your Next Bold Move For Women: 9 Proven Steps to Everything You Ever Wanted" will lead an interactive and transformative session on "Leadership Mastery" guiding participants through a self-assessment leadership journey allowing the audience to explore and expand the foundation of their authentic leadership brand. 

First 50 registrants will receive a free copy of Wendy's book who will be available for book signing at the event 


Maine HFMA Annual Meeting

September 14th & 15th
Hollywood Casino 
Bangor, Maine
 
Join us for this 1-1/2 day full of the latest industry information and leadership and management training. Our agenda includes:
What Can HFMA do for you? 
Be Incredible: Stepping Away from the Ordinary
Positive Patient Identification: What does it mean to you?
I Am More Than 
My Balance
Driving Economic Growth Through Leadership, Trusted Research and Cross-Sector Partnerships
The Calling: Authentic Steward Ship
Deploying Analytics
Primary Care Options in Rural Healthcare

The Hollywood Casino will offer limited accommodations at a discounted group rate of $129. Please mention Maine Chapter HFMA Annual Meeting when booking your room.
To reserve your room call 1.877.779.7771 option 3. 

Visit our website for more details on the event
 
Supreme Court Heals Hospital Issue: ERISA-Exempt Church Plans Don't Need to be Set Up By a Church

by Withum's Healthcare Services Team

In a unanimous decision, the Supreme Court reasoned based on statutory interpretation that religiously-affiliated hospitals can run ERISA-exempt church plans. The decision could affect retirement and pension benefits to more than 300,000 workers.

The Employee Retirement Security Act ("ERISA") definition of a "church plan,"[1] and whether a religiously-affiliated hospital that has a retirement plan can meet this definition despite not being established by a church, has been a hotly debated issue. The distinction is that a qualifying "church plan" is exempt from certain Internal Revenue Code ("IRC" or the "Code") legal and reporting requirements.

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 -

" Where Passion meets Purpose".

  

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
 September 30, 2017

 

  Happy reading! 


 

Thanks

To Our

Sponsors

GOLD SPONSORS

 

 BDM

e-management


Thomas agency
  

 

SILVER SPONSORS

 

DANA
BKD
 

BRONZE SPONSORS


 

 


 

 
Welcome New Members!
 

 
Harriett Wall
Chief Operating Officer
LW Consulting, Inc.

Pamela Beaule
St. Mary's Health System

Lori Belanger
Lead Analyst Revenue Cycle/CDI
Eastern Maine Healthcare System

Dana Costigan
Human Resources
MaineHealth

Thomas Hancock
Senior Financial Analyst
Eastern Maine Healthcare Systems

Annette Lease
Lease, LLC

Sarah Pacheco
Financial Analyst
Maine Medical Center

Upcoming Education Events
Save the Date


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

Women's Leadership Forum
Friday, October 20, 2017
Maple Hill Farm, Hallowell, ME

Revenue Cycle
Thursday 11/30/2017 - 12/1/2017
Portland, ME


 

For complete list, visit our 

TAKE ADVANTAGE OF
FREE HFMA WEBINARS
 
Understanding Medicare's Final FY 2018 Inpatient Prospective Payment System Rule
Thursday, Aug. 31 - 2:00 - 3:00 p.m., CDT

Hierarchal Condition Categories and Clinical Documentation: The Core of Risk Adjustment
Tuesday, Sept. 12 - 2:00 - 3:00 p.m., CDT

Value Cycle Excellence: Pharmacy Revenue Integrity Strategy
Wednesday, Sept. 13 - 2:00 - 3:00 p.m., CDT

Quality Payment Program Updates: Implications of Proposed Rule and More
Tuesday, Sept. 19 - 2:00 - 3:30 p.m., CDT

Dollars & Sense: Creating an Effective Financial Partnership with Your Patients
Thursday, Sept. 28 - 2:00 - 3:30 p.m., CDT

Lessons Learned From Implementing Human-Centric Patient Financial Care
Tuesday, Oct. 10 - 2:00 - 3:00 p.m., CDT

Leveraging Operational Insights and Analytics for Bundled Payment Success
Thursday, Nov. 9 - 2:00 - 3:30 p.m., CST


 
 
 


 
To access full list of educational webinars click here:

 

  
ME HFMA Newsletter Committee 

Lisa Trundy-Whitten, Chair, 

ltrundy@berrydunn.com

(207) 541-2263

 

Laurie Melanson, Committee Member, 

L.Melanson@fmhospital.com

 

Stephanie Richio, Committee Member,

SRichio@bnncpa.com

 

David Kennedy, Committee Member,

dkennedy@berrydunn.com 

 

Christina Harding, Committee Member,

Chrissi.Harding@MDIHOSPITAL.ORG

 

Next e-Beacon

November 30, 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

ltrundy@berrydunn.com