CostFlex Systems, the industry leader in healthcare cost accounting and decision support solutions, is proud to announce that Michael Ryan, President of CostFlex Systems, will co-present with Kristy Johnston, Executive Director – Business Analytics at Baptist Health Care in Pensacola, Florida, at the Alabama HFMA Fall Institute. This premier event for healthcare finance professionals will take place October 8–10, 2025, at The Battle House Renaissance Mobile Hotel & Spa in Mobile, Alabama.
Their session, titled “Achieve Accurate Costing: Identifying and Correcting Costing Errors in Outpatient Services,” is designed to help healthcare organizations improve cost accounting accuracy, uncover hidden costing errors, and maximize revenue integrity. Attendees will gain practical insights into healthcare-specific cost accounting models and learn how to correct errors that could impact 30–40% of their outpatient book of business.
Why This Session Matters
Accurate cost accounting is critical for financial sustainability and operational efficiency in today’s healthcare environment. Errors in outpatient costing can lead to misaligned reimbursement, inaccurate service line profitability, and missed revenue opportunities. This session will equip healthcare finance leaders with the tools to identify, analyze, and correct these errors.
Key Learning Objectives
- Understand healthcare-specific cost accounting fundamentals
- Implement a complete and accurate cost model
- Detect and correct hidden costing errors impacting outpatient services
“Accurate costing is the foundation of informed decision-making in healthcare finance,” said Michael Ryan. “By addressing hidden errors, organizations can significantly improve revenue integrity and overall financial health.”
About CostFlex Systems
For over 30 years, CostFlex Systems has delivered innovative cost accounting and decision support solutions to healthcare organizations nationwide. Our mission is to provide accurate, actionable financial data that empowers hospitals and health systems to make informed decisions, improve profitability, and enhance patient care.
The Alabama HFMA Fall Institute offers a unique opportunity for networking and professional development, featuring sessions on emerging trends, compliance, and operational excellence in healthcare finance.
For more information about the event and to register, visit the Alabama HFMA Fall Institute website.