Important Message from HFMA Oklahoma regarding COVID – 19 and upcoming chapter events.
July 15th Update
HFMA Oklahoma Chapter,
Happy Belated 4th of July, I hope each of you had a fun and safe holiday weekend. I enjoyed spending time with my family and friends and watching fireworks from my porch. I also watched Hamilton this past weekend. For me, the story of Alexander Hamilton brought back to light the challenges our young nation faced over 240 years ago.
Today, we are facing an incredible struggle in light of COVID-19. The American Hospital Association survey released last month painted a grim forecast that hospitals and health systems will lose an estimated $120 billion from now until the end of the year. The AHA projects an overall lose of at least $323 billion for 2020. This figure surpasses the $175 billion allocated by Congress in the CARES Act and Paycheck Protection Program and Health Care Enhancement Act. Even more troubling, the analysis does not consider the current rise of COVID-19 infections and potential ramifications of community spread of the disease across the United States.
In spite of such catastrophic financial news for healthcare providers there are bright spots to the Public Health Emergency. A telemedicine survey of 1,000 virtual care patients found 72% of respondents had their first ever telehealth visit with 75% saying they were extremely satisfied with their overall experience.
HFMA held its first ever Digital Annual Conference and reached many members across the nation. In fact, they are continuing the Digital Annual Conference on July 15th & 17th and August 12th & 14th. The Oklahoma Chapter will be holding our first Virtual Annual Conference September 24-25th – more details to follow. Our Social Committee will also be announcing upcoming networking events. We hope that these virtual events will allow more of our members access to valuable education during this difficult time.
I do want to extend a thank you to our 2020 Business Partners. As a provider, I would encourage you to look towards our Business Partners for services first as they have made an investment in our chapter and your education.
One last change that we are making is migrating chapter e-mail communication to President@ohfma.org & Chapter@ohfma.org. Please be sure to add these new e-mail addresses to your address book to avoid future communication hitting your spam.
As a student of history, there are few events that impact every person on our planet. We are living through one of the most consequential times in over a generation. While this period is challenging; it offers a new opportunity for us to collaborate together. Let us come together to meet people where they are, to better our patient’s care & experience, and to build new bridges to connect us to tomorrow.
I leave you with this quote from Helen Keller, “Alone we can do so little; together we can do so much.”
HFMA Oklahoma Chapter
June 1st Letter
“Without memory, there is no culture. Without memory, there would be no civilization, no society, no future.”
– Elie Wiesel
On Memorial Day we pause to remember those who paid the ultimate sacrifice.
This year, Memorial Day looks and feels different from the ones before it. Lockdowns are being lifted, stores are reopening, and social distancing measures are commonplace.
For healthcare providers this has been an extraordinary time. American Hospital Association CEO Rick Pollack put it best by saying that we have been hit with “A Triple Whammy.” The cost to prepare for the surge, a decrease in revenues due to cancelled elective procedures, and a rising rate of the uninsured. Last week the HFMA Oklahoma Board of Directors met to discuss the direction of the chapter.
First, the 65th Annual Anniversary Meeting presented by Eide Bailly will be postponed until the Spring of 2021. Anyone currently registered may receive a full refund through August 15th by contacting our Treasurer Toni Young. You may also keep your registration in place for the upcoming meeting next year. We are working with The Skirvin Hilton on finding a new date. In the interim, will be hosting our first ever One Day Virtual Meeting later this year – details will be forthcoming.
Second, the Board of Directors believes the continuity of leadership during this upcoming fiscal year will best position the chapter to serve its members and deliver on its mission to lead the financial management of healthcare in Oklahoma. After the precedent set by the HFMA National Board of Directors, we too feel the best move right now is to extend the service term of our chapter officers. A vote on three resolutions will take place this coming week. Our Secretary Cassie Walden, will be sending you more information so that you may vote.
Third, we need your input as we chart our course forward through this difficult time. Please complete the HFMA Oklahoma – Survey 2020 to let us know how to best serve you.
Finally, I am grateful to have served as your President this past year. I would be honored to serve a second term if confirmed by you.
HFMA Oklahoma Chapter
March 30th Update
Dear HFMA Oklahoma Chapter Members & Friends,
So much has changed since I last wrote you over two weeks ago. Businesses are closed, hospitals face equipment shortages, and shelter in place policies are now the norm across our state. As you heard, President Trump addressed the nation in the Rose Garden yesterday with a grim forecast that over 100,000 Americans could die from COVID-19. By all accounts, harder days are ahead. So where do we go from here?
Your chapter’s pandemic response team has been in frequent communication. We have reached out to our old friend Day Egusquiza for help. Day and Dr. Ronald Hirsch will be holding a free webinar on Wednesday, April 8th at noon on “COVID-19- Regulatory and Payment Issues for Finance.” In the spirit of working together, both Day and Dr. Hirsch are speaking for free. After contacting our neighboring chapters, Region 9 has agreed to co-sponsor the webinar in order to reach more people. Please register here. Once you register, you will receive an e-mail in the coming days with the webinar login information.
The pandemic response team wants you to also be aware that CMS recently announced an Expansion of the Accelerated and Advance Payments Program for Providers and Suppliers During COVID-19 Emergency.
The board feels it is in the best interest of the chapter to postpone The Summer Institute this July. We will now have a Winter Institute at the Tulsa Hard Rock Hotel & Casino on January 21-22, 2021. We are grateful to our Sapphire Sponsor The PFS Group for letting us move the event.
As we move through this difficult time, please know that your chapter’s leadership team is here for you and is actively working to respond to this situation. If there is something more we can do to help – please let us know.
On a personal note, I am reminded of Holocaust Survivor Viktor Frankl and his book Man’s Search for Meaning. Frankl said, “Everything can be taken from a man but one thing: the last of the human freedoms – to choose one’s attitude in any given set of circumstances, to choose one’s own way.”
March 15th Letter
Dear HFMA Oklahoma Members & Friends,
Yesterday, your board met and prayed about the best direction forward for our chapter. The 65th Anniversary Annual Meeting presented by Eide Bailly at The Skirvin Hilton next month has been postponed to August 13-14th. Anyone who would like their meeting registration refunded, please let us know.
The board has implemented a Pandemic Response Committee chaired by Phillip Smith, with committee members Louise Kiper, Tyler Bernier, Dr. Ann Paul, and myself. This committee will review information concerning COVID-19 to distribute widely to the chapter. If you have any educational healthcare financial information that would be relevant to our members, please send it to the committee. We are also working to host a webinar or conference call in the coming weeks. More information to come.
On a personal note, we are living in an unprecedented time filled with much uncertainty about our way of life. I am reminded of one of the passages from Ecclesiastes 3, “To everything there is a season, and a time to every purpose under the heaven.” In this season, I ask that you please join us in helping to move through this pandemic together.
With the economic downturn, non-profit organizations and charities are often hit the hardest. I have contributed today to the City Rescue Mission of Oklahoma City, our featured charity for the upcoming 65th Anniversary Annual Meeting. If you are moved to make a donation, please visit https://cityrescue.org/donate/. If not, I would encourage you to find a worthy organization in your local community.
Friends, we will get through this together.
The Oklahoma Chapter of the Healthcare Financial Management Association is a professional membership organization for individuals in financial management of healthcare institutions and related patient organizations.
Be sure to visit our event page for new dates on events that have been re-scheduled.
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Chapter President, Scott Sanders, shares his thoughts for this year.
With more than 42,000 members, the Healthcare Financial Management Association (HFMA) is the nation’s premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of healthcare.