How To | Cost Effectiveness of Health

Financial Sustainability Report: June 2021

Sponsored by Kaufman Hall
How To | Cost Effectiveness of Health

Financial Sustainability Report: June 2021

This June issue of the Financial Sustainability Report, sponsored by Kaufman Hall, leads off with results of HFMA’s recent report examining the evolving role of the healthcare CFO over the next decade. Two features also examine steps health systems to promote success with value-based payment initiatives, including developing models to inform their efforts with risk-based contracts and focusing efforts on removing impediments to success under such contracts.

Healthcare 2030

CFO of the future: The new and improved healthcare finance leader of tomorrow 
In this first installment of HFMA’s Healthcare 2030 series, CFOs with leading health systems describe how their roles are becoming more strategic as big changes take hold in the industry.

Value-based payment

4 models for managing risk can lay the foundation for value-based payment success
By Daniel J. Marino and Kathy Najarian
By adopting four models for optimizing costs, care delivery, the continuum of care and contracts under risk-based payment, health systems can create an integrated framework for guiding their value-focused strategy and focusing their efforts in risk-based contracting.

Transitioning health systems to accepting more risk: Key steps to ensuring financial sustainability
By Orry Jacobs, MBA, and Kevin Sears
The COVID-19 pandemic has renewed many health systems’ interest in pursuing population health initiatives. Yet success with such initiatives will remain elusive if they do not address two common barriers to success: lack of aligned incentives and insufficient infrastructure.

Patient Access

The ED is no longer your front door: It’s the physician’s office
Sponsored by Kaufman Hall
By Matthew Bates
As revenue from inpatient care continues to decline as a percentage of total revenue, health system leaders should acknowledge the pivotal role physicians play in bringing patients into their systems.

Risk Management

Healthcare CFOs should ensure their organizations’ contracts are well administered to avoid financial risk exposure
By Nathen Hershkowitz
Administering contracts is a core activity for healthcare organizations, given that contracts collectively reflect the organization’s business obligations, including all assets, relationships and terms it is required to manage. It therefore is an important concern for the senior finance leader.

Capital Finance

Why bond insurance is making a comeback in healthcare
By John Anderson
Capital reserve requirements for bond insurers have recently changed, making bond insurance once again a viable option for hospitals or health systems seeking credit enhancement on their fixed-rate debt issuance. 

Sign up for a free guest account and get access to five free articles every month.


Related Articles | Cost Effectiveness of Health

How To | Cost Effectiveness of Health

4 essential tactics for sustaining an independent community hospital

Independent community hospital face threats to their survival, and they need to take deliberate action to address those threats in order to continue to deliver essential care cost effectively to their communities. Leading community hospitals that are committed to remaining independent share the tactics they have adopted to ensure their independence is sustainable

Column | Cost Effectiveness of Health

Cracks in the foundation: 5 structural defects are undermining nonprofit healthcare

The relentless organizational imperative under which nonprofit healthcare providers operate to optimize revenues under fee-for-service medicine has led to fragmented care delivery, unsustainable cost growth and severed connections with American consumers. Nonprofits should address five structural defects to their modus operandi that stand in the way of their delivering care empathetically and cost effectively to their patients.

Column | Cost Effectiveness of Health

U.S. healthcare system is poised to begin a new phase in partnerships

Healthcare provider organizations should prepare for an emerging new phase in the evolution of healthcare partnerships, characterized by an increasingly diverse array of choices among care sites and settings for consumers, health plans and employers. In responding to the opportunities presented in this new partnership phase, providers should adopt a strategy that applies important lessons learned during the pandemic.