Marcus Whitney on how healthcare finance leaders can turn headwinds into tailwinds
Marcus Whitney says healthcare finance leaders can thrive amid structural challenges by being adaptable and willing to embrace change.
How to improve patients’ payment experience, and health, by making it affordable
By creating a payment plan for patients that makes care more affordable to them, a healthcare provider can promote patients' health be making them less inclined to delay necessary care.
CMS cardiac procedure changes could cost hospital cardiac programs $700 million
In a move that could have profound financial implications for hospitals, the 2019 Outpatient Prospective Payment System final rule adds 17 cardiac procedures to the list of procedures approved by CMS to be performed in ambulatory surgery centers.
How physician-finance partnerships pave the way to higher-value care
Physician leaders and finance leaders can use their respective strengths to complement each other and help each other thrive in a value-based environment.
3 ways healthcare organizations can take integration to the next level
Consolidating healthcare organizations should continue to pursue opportunities to take integrated healthcare to new levels of effectiveness.
A caveat: A cardiac procedure performed in an ASC may cost a Medicare beneficiary more
For Medicare beneficiaries who are considering out-of-pocket costs for the cardiac services that CMS has approved to be performed in ambulatory surgery centers (ASCs), hospitals could be a more attractive site of service.
3 steps to innovation through use of data and analysis
Consolidating healthcare organizations should continue to pursue opportunities to take integrated healthcare to new levels of effectiveness.
Data: What’s in it for you?
The volumes of patient data healthcare organizations create should help them face their challenges. But in order to use those volumes of data effectively, healthcare organizations need toask the selfish question: What’s in it for me?
Marcus Whitney on the types of connections that healthcare finance leaders should be making
What kind of connections should healthcare finance leaders make, whether it is within their own organizations or externally, such as with venture capital (VC) and private-equity firms or tech startups? There are some standout leaders who have sought to future-proof their organizations and have developed capabilities around venture capital, whether it is in-house or through partners that…
Whitney’s steps to future-proofing your organization
Become a learning organization Learning organizations are constantly assessing information and determining what the next action should be. “This is not necessarily a core competency that I have found in my engagement with the healthcare industry, but it is what the tech titans inherently do,” Whitney says. “It is built into their DNA.” Establish a vision,…