Finance

47 articles
How CFOs Can Conquer Their Compliance Issues

How CFOs Can Conquer Their Compliance Issues

For nonprofit Health and Human Services organizations, resources are often limited. In order to provide their patients with quality care, it’s important that organizations remain financially stable and use their hard-earned funds wisely. However, the industry is full of complex regulations that continue to cause executives, especially CFOs, to spend too much time and money trying to prevent or overcome…
Better Budgeting with Position Control

Better Budgeting with Position Control

The landscape of the Health and Human Services industry has changed drastically in recent times. The growing age of U.S population has put a lot of pressure on organizations to meet the increase in industry demands, and executives are scrambling to build their workforce to take advantage of the new opportunities these demands have created. Before executives begin the building…
CFO Insights: 2017 Workforce Management Trends

CFO Insights: 2017 Workforce Management Trends

The responsibilities of modern-day CFOs are constantly changing, and so are their priorities. Today’s CFOs are spending less time in spreadsheets and more time thinking about strategy, people, and culture while simultaneously ensuring their organization’s financially sustainability. Our recent 2017 Workforce Management Trends Survey received responses from Chief Financial Officers from various nonprofit organizations in the Health and Human Services…
Maintaining ACA Compliance for Employers

Maintaining ACA Compliance for Employers

Although the Affordable Care Act (ACA) was passed in 2010, the requirements continue to evolve from the original format. Several changes have been implemented since its enactment nearly 7 years ago. With 2016 behind us, one may think the growing pains associated with ACA compliance would be a thing of the past. However, 2016 was a significant year for the…
The Top 10 Blogs of 2016

The Top 10 Blogs of 2016

As 2017 begins, it’s a great time to reflect on the popular topics and trends of 2016. Each year, DATIS provides leaders in the Health and Human Services industry with original content that focuses on leadership, finance, technology, and workforce management. This content enables our readers to stay on top of industry trends and share best practices. Explore the top…
Understanding the 1094 and 1095 Forms

Understanding the 1094 and 1095 Forms

As we enter the second reporting year for the ACA, it is important that both you and your employees understand what reports are necessary for your organization’s annual filings. What Is The 1095? The 1095 form acts as your “proof of insurance”. There are three different 1095 forms: A, B, and C, and each form is filled out by a…
Regulation Updates in Massachusetts

Regulation Updates in Massachusetts

Recently, the state of Massachusetts took an unprecedented step in an attempt to reduce the wage gap between men and women. According to the United States Census Bureau, women in the United States are paid 79 cents on the dollar as compared to men. These new regulations will go into effect in July of 2018 and may impact employers and…
Managing Labor Costs in a Multi-Dimensional Environment

Managing Labor Costs in a Multi-Dimensional Environment

Labor costs often represent the largest expense in the budget for the Health & Human Services industry. For this reason, effectively managing labor distribution is imperative for maintaining budget compliance, evaluating programs and services, and meeting the complex reporting requirements of funders. However, managing and reporting on labor costs and allocations is often easier said than done. As the industry…
CFOs Face New Frontiers

CFOs Face New Frontiers

Historically, CFOs perform operational initiatives that center around the financial aspect of a business. This has often consisted of mainly back-office tasks. However, new studies show a growing need for CFOs to expand beyond the operational aspect of a business to participate in more strategic decisions regarding the organization as a whole. CFOs are increasingly called upon to partner with…
Labor Costing Strategies to Run Your Organization like a CCBHC

Labor Costing Strategies to Run Your Organization like a CCBHC

The Department of Health and Human Services recently awarded $22.9 Million in Planning Grants to 24 states to be used to develop Certified Community Behavioral Health Clinics (CCBHCs). A CCBHC can be described as a behavioral health specialty center of excellence. This center partners with a wide array of health and social service entities to provide high-value, whole-health care to…