Strategic Planning
Strategic Financial Planning: Spring 2019
February 22, 2019
2:42 pm
Sponsored by Kaufman Hall
Strategic Financial Planning subscribers can access the individual articles and web exclusives listed below.
Growth Strategies
No-Divert Policy, Strategic Growth Help Erlanger Increase Revenue by $300 Million
By Laura Ramos Hegwer
A strategic plan that focused on growth and expanding specialty services helped Erlanger Health System improve its balance sheet while maintaining high-quality performance. A pay-for-performance program also increased nurse productivity.
Future Trends
Healthcare Predictions Focus on Innovative Corporate Structures and Alternative Financing
By Ed Avis
An alternative corporate structure called a “benefit corporation” is at the center of one of 10 predictions issued by BDO. Two others one related to telemedicine and the other related to sources of alternative capital pertain to hospital finance.
Price Transparency
National Hospital Survey Shares Insight into CMS’s Price Transparency Requirement
By Jamie Cleverley
Hospitals expressed uncertainty about the usefulness of information supplied in response to CMS’s IPPS transparency requirements, but also recognize that the rule amplifies healthcare industry efforts to provide meaningful price estimates for healthcare services.
Analytics
An ‘Outside View’ Helps Achieve Return on Analytics
Sponsored By Kaufman Hall
By Scott R. Engel and Erik Swanson
An “outside view” can counter biases and organizational pressures that can skew internal decision-making processes. It also provides a framework for target setting that helps define realistic expected returns.
Executive Compensation
Aligning Executive Compensation to Strategic Priorities
By David Bjork and Dan Mayfield
As hospital boards and executives embark on transformational strategies like clinical integration and population health management, finance leaders are key in helping to set performance targets that are appropriate relative to industry-wide statistics as well as past performance.
Medical Financing
Crowdfunding: Assessing Benefits and Risks
By William Marty Martin
Crowdfunding can increase investor participation and engagement between project initiators and potential funders, as well as raise awareness of neglected health issues.
Figure at a Glance
Telehealth Use Among Medicare Patients Limited but Growing
Growth in telehealth use among Medicare beneficiaries is occurring in patients 85 years and older and living in rural areas.
