Enterprise Risk Management

By considering risk as they set financial targets for physician groups under value-based payment contracts, provider organizations can more accurately assess the likelihood that physician groups might have favorable performance under the contracts.

An in-depth look at how organizations can build capabilities to implement effective value-based payment contracts and care delivery models.

With the increasing sophistication of cyberattacks in health care, hospitals and health systems must make sure they have effective cybersecurity infrastructures to protect themselves and their patients from such attacks.

Stewart Simonson, former HHS Assistant Secretary for Public Health Emergency Preparedness, points to four areas where potentially affected hospitals should consider revising their disaster preparedness plans in preparation for hurricane season.

Healthcare providers are increasingly taking on payment risk as a result of value-based payment arrangements being implemented by the federal government and the private sector. 

Engaging staff, assessing risk, and employing rapid-response plans, healthcare organizations are cross-functionally implementing enterprise risk management strategies to enhance the value of their services.

Amid the healthcare industry’s ongoing transformation, healthcare leaders are called upon to be stewards in guiding their organizations through change and managing financial and operational risk.

By adopting actuarial approaches to managing risk, healthcare providers can improve their financial security, apply greater leverage in contract negotiations, and enhance their clinical capabilities. 

Hospital and health system finance leaders should play a central role in ensuring their organizations are applying high-quality enterprise performance management approaches that improve their organizations’ strategic agility in addressing enterprise risk. 

These are the top risk categories identified by healthcare providers.