Healthcare Finance and Business Strategy

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.

Hospitals and health systems must learn how to manage risk effectively to successfully face new challenges in health care.

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. 

Clifford Fullerton, president of Baylor Scott & White Quality Alliance, describes a direct-to-employer accountable care organization arrangement that is improving patient access and care quality.

March 19—About half of all U.S. practicing physicians experience burnout, and several recent studies have placed the blame squarely on the widespread adoption of electronic health records (EHRs), which require data entry and other click-based tasks. 

A health system has improved the patient experience with a variety of new processes and protocols, including the introduction of a new patient access center and tutoring by physician coaches.

Today’s hospitals rely more on innovative consumer-friendly revenue capture solutions because of increasing patient responsibility and the risk of non-payment. Providers benefit significantly from implementing technological and non-technological solutions that integrate with operational workflows to mitigate leakage and increase cash flow.

Healthcare leaders should optimize information via a systematic framework of policies and procedures that are continually reinforced and updated so they become part of the culture.

March 14—After years of work, a designer of MRI machines at General Electric was excited to see his cutting edge creation implemented at a hospital.