The patient financial experience: The current state & what's next
Relying on aggressive financial policies and collection tactics won't help your organization adapt to the "patient as payer" model, especially after the pandemic. Instead, you need a strategy that helps patients easily navigate the financial responsibilities associated with their care.
The CFO Checklist: Financial strategy & forecasting during COVID-19
Lehigh Valley Health Network: COVID-19 financial impact and road to recovery
Lehigh Valley Health Network (LVHN) is a 9-hospital health system in Northern PA, a hot zone for COVID-19. The financial/operational impact of the pandemic, as well as medical sheltering requirements, created many unforeseen operational and financial challenges forLVHN.
Learn firsthand from LVHN EVP/CFO Thomas Marchozzi, about how the system is addressing its cash flow, lost revenues and lost volume challenges, which resulted in cash flow swings measured in the hundreds of millions. Also, learn what some of LVHN's key respond, recover, restore and revitalize strategies have been to date to return to operational/financial stability. This webinar will highlight how LVHN initially prepared for the surge in COVID-19 patients and the subsequent steps taken to respond to the organizational impact of the pandemic, including many of the difficult choices LVHN had to make to reduce expenses, mitigate future risks and improve EBIDA across enterprise.
Live Original Webinar Date: 7/20/20
Effective Management of Physician Subsidy Levels
This session will present an effective process for assessing physician financial performance from an operational strategic standpoint. The speakers will share a defined process to manage physician financial performance, including how to use cost accounting concepts to establish and manage appropriate operating budget results as well as how to use ROI concepts to assess and monitor strategic benefits in comparison to subsidy loss levels.