Strategic Planning
Strategic Financial Planning: Spring 2018
February 23, 2018
9:36 am
Sponsored by Kaufman Hall
Strategic Financial Planning subscribers can access the individual articles and web exclusives listed below.
Capital Management
The Impact of Tax Reform on Hospital Capital Financing
By Pierre Bogacz
The Tax Cuts and Jobs Act signed into law in December 2017 is expected to impact interest rates charged by banks to not-for-profit hospitals in direct placements and may steer some refundings to structures involving complex new risks.
Planning Insights
11 Metrics Reveal the Best Strategies For Cutting Outpatient Prices
By William O. Cleverley
A scoring methodology is the first step in evaluating outpatient service price reductions without sacrificing financial viability.
Value Analysis Committees
How Innovation Can Start with Value Analysis … But Often Doesn’t
By Karen Root
Value analysis committee ROI calculations must look beyond the immediate economic costs of payment, cost-per-procedure, and cost of labor to consider overall value to hospitals. For example, questions to ask include, “How does a new product help to reduce the overall cost of care?” and “Are there complications and readmissions that typically arise beyond 30 days that the new product aims to minimize?”
Population Health
Addressing Social Determinants of Health
By Lola Butcher
Recognizing that hunger, housing instability, and other problems make it difficult for people to get and stay healthy, ProMedica is transforming its care delivery model and making substantial investments. The health system is starting with a $50 million initiative to research and address social determinants of health in the communities it serves.
Web Extra: Screening 1 Million Patients a Year for Social Needs
First Person
Chinese Investment: An Opportunity For U.S. Healthcare Organizations
An Interview with Steven Shill by Ed Avis
With a growing middle class and a desire for improved healthcare services, China is becoming a key investor in U.S. healthcare organizations, with the goal of bringing some of their practices and services back home.
Supply Chain
MaineHealth Achieves Supply Chain Collaboration Among Member Hospitals
An Interview with Luis Soto by Betty Hintch
By identifying key supply chain opportunities and process flow issues that needed correction, MaineHealth saved approximately $16 million in 2015, the first year of its overhaul; $27 million in 2016; and more than $34 million in 2017.
Growth Strategies
Sponsored By Kaufman Hall
Benchmarking: Moving Beyond A Metrics Beauty Pageant
By Jennie Dulac
The true power of benchmarking entails studying how best practice organizations achieve their top performance levels and then takes those lessons learned and adapts them for use by other provider organizations.
Business Ethics
Bringing the HFMA Code of Ethics to Life
By William Marty Martin
Ethics can and should be practical, and ethical practice begins with knowing and living by the highest standards of an association.
Figure at a Glance
Culture and Communication Critical to Successful M&As
A recent study found that attention to stakeholder goals and organizational culture and communication help newly merged or acquired hospitals meet their strategic aspirations.
