U.S hospitals can no longer afford the burden of administrative waste
Even before the COVID-19 crisis, U.S. healthcare providers faced growing challenges from administrative and regulatory burdens. But the pandemic has these challenges to the point that they mare likely to impose severe financial consequences on providers.
5 factors that will make the next recession different from 2008
Hospitals came through the Great Recession relatively unscathed, but a future recession would likely pose much more severe challenges. It therefore would be prudent for hospitals to act now to protect themselves against future market distress.
How to manage risk-based payment in the era of the global pandemic
To succeed with risk-based contracts through the COVID-19 pandemic and beyond, healthcare organizations require analytic capabilities for modeling the revenue impact of the crisis through all its phases.
Sepsis poses a cost-containment challenge in the face of the COVID-19 pandemic
Sepsis is among the largest cost drivers for U.S. hospitals, and it contributes to higher costs of care for patients with COVID-19. Hospital finance leaders therefore should understand and focus on managing the cost impact of sepsis treatment on their organizations.
The journey back from COVID-19: COVID-19: A guide to economic recovery for health system CFOs
As healthcare CFOs prepare fro the aftermath iof the COVID-19 pandemic, they should adopt a new mindset for addressing strategies around human capital, revenue recovery, cost reduction and capital investment.
7 tips for effectively managing a remote healthcare finance team
To effectively manage accounting teams who are increasingly working from home in this new environment created by the COVID-19 crisis, healthcare organizations can take lessons from organizations that have experience in managing a remote workforce.
Hospitals need integration and automation for value continuity through the COVID-19 crisis
As hospitals contend with the challenges posed by COVID-19, their future success may depend on the extent to which they are embracing new technologies and systems to bring higher levels of automation to business processes.
Does your organization’s ambulatory real estate footprint need right-sizing?
Decisions made with respect to a health system's ambulatory real estate portfolio and footprint can have significant impacts onthe organization's future growth, financial position and capital platform.
How Orlando Health improved its bottom line by optimizing observation services
Orlando Health in central Florida offers a case example of how to effectively manage patients in observation status to reduce average length of stay for these patients, thereby, freeing up capacity for care of patients with higher-acuity conditions.
Hospitals require a 3-pronged response to potential covenant violations
Reworking cost structure and enhancing revenue performance are foundational parts of a holistic solution for most healthcare organizations facing balance sheet challenges and covenant violations as a result of the COVID-19 crisis.