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Playing to Win in 2022 in Healthcare Finance: How to Tackle Lower Volumes, Higher Costs, and Big Competition

January 12, 2022

Posted In:Financial Empowerment

Regardless of COVID-19 vaccine efficacy and how long it takes risk levels to fall into less threatening ranges, many effects of the pandemic are here to stay. One area that will remain fundamentally altered is the business of delivering healthcare—the strategies and ins and outs of healthcare finance. COVID-19 has fueled new delivery models and new competition, as patients and clinicians are drawn to more convenient, less costly care (e.g., virtual care) and less stressful, more productive work environments.So, how can traditional providers adapt and thrive in this new healthcare landscape? They must start by recognizing the impending challenge as a business problem, not a technology or care problem. This means leveraging their CFOs and financial leaders to play a more collaborative role in empowering clinicians to make better decisions and operationalizing health systems’ key differentiator—data.

COVID-19 Data and Analytics: Survey Reveals Long- and Short-Term Healthcare Industry Impact

August 11, 2021

Posted In:COVID-19 Response,Data and Analytics,Financial Empowerment

Was COVID-19 a wake-up call to prioritize healthcare analytics and merge them with other healthcare goals? Healthcare data and analytics have become inextricable from the pandemic response, proving to the industry it can’t save lives at scale without this information and insight. In a 2021 survey of healthcare leaders and professionals, nearly 80 percent of respondents report they plan to maintain pandemic-driven data and analytics shifts for the long term. And with most respondents recognizing gaps in their data and analytics and noting COVID-19-driven changes in the data and analytics landscape, the pandemic may likely catalyze a new, more robust era in healthcare technology and decision support.

Healthcare Price Transparency: Understanding the Cost-Pricing Relationship (White Paper)

April 20, 2021

Posted In:Data and Analytics,Financial Empowerment

医疗保健消费者正在要求医疗保健的价格透明度与他们在其他交易中的价格透明度相同——特别是在医疗保健不再采用按服务收费的模式,而患者要承担更大一部分医疗费用的情况下。与此同时,截至2021年1月,联邦法规要求卫生系统公开其服务收费。然而,医疗保健行业在消费者级价格透明度方面一直没有取得成功。组织机构现在必须想办法弥补他们的成本和病人收费之间的差距。Doing so requires comprehensive understanding of all the costs behind a service and consumer-friendly explanation of how these expenses translate into prices

2021 Healthcare Trends: What Leaders Need to Know from COVID-19 to New Administration Policies (White Paper)

February 10, 2021

Posted In:Financial Empowerment

尽管医疗保健行业的许多人都急于将2020年抛在身后,但新的一年也会带来挑战、担忧和承诺。拜登政府新政策的三个主要类别的趋势、护理提供和医疗保健技术将塑造2021年,关键问题包括COVID-19的长期影响、未来的应急准备和《平价医疗法案》(ACA)的前景。医疗保健领导者可以通过了解这些类别中的关键领域,以及事件、活动和政治任命将如何影响医疗保健生态系统,为这个关键的一年做好准备。

The 100-Percent Solution to Improving Healthcare’s Operating Margins (White Paper)

December 30, 2020

Posted In:Financial Empowerment

医疗保健机构面临着提高营业利润率的空前压力,因为它们要适应COVID-19带来的收入压缩,以及来自保险公司和数字颠覆者日益激烈的竞争。然而,许多卫生系统依赖于过时的、以收入为中心的成本会计解决方案,这些解决方案不适于战略财务决策。2022卡塔尔世界杯赛程表时间作为一种用于当今复杂医疗保健环境的方法,基于活动的成本计算(ABC)可以在粒度级别上捕获医疗保健资源使用情况。通过对临床成本的这种服务水平的洞察,ABC提供了可操作的情报,以帮助组织提高盈利能力,并作出战略成本削减决策。这些全面的成本计算解决方案使卫生系统全面了解整个医疗保健2022卡塔尔世界杯赛程表时间的成本,这是在行业新常态下实现战略成本转换的唯一洞察层次。

The Medicare Shared Savings Program: Four Tools for Better Profit Margins and High-Quality Care

January 21, 2020

Posted In:Financial Empowerment,Population Health

Medicare patients make up the majority of health systems’ revenue; yet, organizations earn only a one percent profit while caring for this population. Despite historically low profit margins, Medicare can be lucrative for health systems, and through the Medicare Shared Savings Program, healthcare organizations can increase revenue with four tools:1. The ability to aggregate and analyze data.2. The ability to align financial incentives between payers and providers.3. The ability to engage patients in behavior or lifestyle modifications.4. The ability to garner support from clinicians and encourage them to lead the shift to VBC.As the shift from fee-for-service to value-based care continues, health systems can leverage MSSP to deliver the highest level of care while also increasing profit margins.

Healthcare’s Next Revolution: Finding Success in the Medicare Shared Savings Program

June 19, 2019

Posted In:Financial Empowerment,Population Health

A series of revolutions has driven the development of the U.S. healthcare system, enabling dramatic improvements in all aspects of healthcare quality and outcomes over the past century. Although healthcare organizations have focused on moving towards value-based care for decades, the data shows that the shift is indeed taking place and fee-for-service models are declining.New changes to the Medicare Shared Savings Program (MSSP) will help drive this change as revisions to MSSP require ACOs to take on more financial risk earlier. This article covers the following topics:1. Important moments in history that led to today’s current challenges.2. Why financial imperatives drive cultural change in our economic model.3. Ways MSSP can help healthcare organizations achieve financial success.4. How to utilize data to develop better healthcare delivery systems.

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