Akash Madiah

CFO for @MGMA | #mgmafinance

[Medical Group Management Association @MGMA]

We know it’s difficult to find the staffing solutions you're looking for all in one place. We have built a new Staffing and Retention Hub, offering essential resources to change your hiring and retention processes.

Find playbooks, podcasts, polls & more: https://t.co/GKTBeLoPCk

[Akash Madiah @mgmaCFO]

After the Change Healthcare outage, refining downtime protocols is key for healthcare financial resilience and 29% of medical groups are enhancing strategies to protect EHRs and revenue cycles during disruptions. Gain strategic insights to your RCM: https://t.co/mlPiHhZtcU

[Akash Madiah @mgmaCFO]

Facing rising costs and staffing challenges, it's crucial for practices to enhance financial operations. Join our webinar to learn key strategies for improving cash flow and fortifying your practice's financial health: https://t.co/7a5IJ23xFl

[Akash Madiah @mgmaCFO]

The Change Healthcare outage was a wake-up call to our financial vulnerability. Here’s how to protect your practice:
1. Cash Flow Management
2. Financial Planning
3. Patient Communication
4. Operational Streamlining
5. External Support

Read more in-depth: https://t.co/GBRxl6jIAO

[Akash Madiah @mgmaCFO]

There’s great value in staying ahead in healthcare finance and that’s why I’m looking forward to the MGMA Focus | Financial Conference. It’s where financial minds meet to share insights, network and find solutions. Join us as we advance healthcare finance: https://t.co/UCuqx743Yt

[Akash Madiah @mgmaCFO]

I want to share insights from our article, "Show and Tell: Driving Home Messages on Productivity and Net Revenue." It focuses on the balance between financial health and quality patient care, offering strategies for improving net revenue.

Deeper insights: https://t.co/qm7NrR8PcY

[Akash Madiah @mgmaCFO]

In a recent MGMA Business Solutions podcast, Matt Seefeld from @MedEvolve brings valuable clarity to optimizing revenue cycle management (RCM) through technology.

I encourage you to tune in for a conversation rich with expertise: https://t.co/HLwiJJeJdO

[Akash Madiah @mgmaCFO]

Providers faced unwavering inflation and labor shortage challenges the past year, leading to conflicts with insurers over rate increases.

@healthcaredive provided a succinct overview of 2023’s complex financial challenges and how it will affect your 2024: https://t.co/60OTtinNto

[Akash Madiah @mgmaCFO]

Reductions in Medicare fee schedules and the repercussions on commercial fees are another notch in the belt of an unstable financial climate.

MGMA is hosting a webinar offering strategies on strong financial management February 27. You can register here: https://t.co/z9QLBCEiGs

[Akash Madiah @mgmaCFO]

In 2023, U.S. digital health startups faced reduced funding at $10.7B, the lowest since 2019. Startups used creative financing, but long-term challenges may lead to labeled raises and increased M&A in 2024.
@healthcaredive's report goes deeper into this: https://t.co/CVklSeJAzI

[Akash Madiah @mgmaCFO]

Revenue integrity helps to address leakage, apply controls and anticipate trends. Implementing one involves optimization and technology utilization, while proactive evaluations across several sectors enhance overall financial health.
MGMA’s RI insights: https://t.co/8OUvT4jaX0

[Akash Madiah @mgmaCFO]

A large handful of Leaders Conference sessions focus on leadership, operations and strategy, but what caught my eye is the “Developing a Successful Compensation Formula for VBC Shared Savings Programs” session with @mysummithealth Ed Curtis. Register here: https://t.co/2zTd0IQEb8

[Akash Madiah @mgmaCFO]

A warm welcome to our new MGMA Consultants who have been incredible contributors to the industry and MGMA’s mission, @KemTolliver and @TayaRCM. I look forward to their insights on revenue cycle management and strategy as webinar panelists: https://t.co/izaXxqqxXT

[Akash Madiah @mgmaCFO]

While hospitals are trending upward in revenue post-pandemic, specialty groups are hurting from increased expenses. Central Nebraska Rehab Services is wise for leaning on tech, resulting in a majority of electronic payments being completed within 14 days: https://t.co/mShpkSKeaO

[Akash Madiah @mgmaCFO]

The new @MGMA DataDive Cost and Revenue report just launched, and its introductory note sends a strong message: “Doing more with less doesn’t always leave you with a better bottom line.” Pair the info with your data set to understand the “what” and “why.” https://t.co/ZiZoaXwW0D

[Akash Madiah @mgmaCFO]

“Despite physician and advanced practice provider (APP) productivity continuing its post-pandemic recovery, compensation gains are being outstripped by the most severe inflationary growth in decades.”

This is just a snippet of the financial intel: https://t.co/wyMxZlc2uB

[Medical Group Management Association @MGMA]

Have you downloaded the 2023 Provider Compensation Data Report?

MGMA Consultant Jessica Minesinger is our resident expert on physician compensation, gender pay equity and compensation analysis and negotiation. In the report (pg 11), she dives into a Q&A: https://t.co/mRzHkzwaSH

[Akash Madiah @mgmaCFO]

Keynote speaker, Matt Griswold of People Centric Consulting Group, does a fantastic job explaining the ins and outs of financial transparency and why it should be a priority. Listen on the @MGMAInsightsPod : https://t.co/gEKYS8ssEJ

[Akash Madiah @mgmaCFO]

“What is financial transparency?”

This question means a lot of different things to every organization, but the driving reasoning behind it is the same. Your team members must connect their actions to the organization’s bottom line to boost productivity and drive passion.

[Akash Madiah @mgmaCFO]

In case you haven’t heard, the MGMA DataDive survey process is now simplified for a better experience. See for yourself by starting the Cost and Revenue survey and receive free data once the data set is released. Your participation makes a difference. https://t.co/rGbeOecs3m

[Akash Madiah @mgmaCFO]

According to a new report from @McKinsey and @Harvard researchers, AI could save the US up to $360 Billion annually if adopted in healthcare. There have been many roadblocks, including a lack of trust in tech among patients. Find benefits: https://t.co/ydtJDESNIl @healthcaredive