In this session, participants will discuss strategies for health systems seeking new, strong reductions in their cost base, covering: 

  • Reengineering and standardizing clinical processes to achieve greater quality, cost-effectiveness, and productivity
  • Reengineering administrative and finance processes (e.g., revenue cycle) for improved efficiency
  • Seeking new scale economies, including outsourcing and other sharing of services
  • Adopting more precise cost-accounting systems and leveraging the results
  • Assessing opportunities to right-size capacity, rationalize service lines, or consolidate sites of care

Leader: Melinda Hancock, CPA, FHFMA is a Partner with Dixon Hughes Goodman LLP