Healthcare CFOs should ensure their organizations’ contracts are well administered to avoid financial risk exposure
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.
Transitioning health systems to accepting more risk: Key steps to ensuring financial sustainability
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.
Financial Sustainability Report: March 2021
The March Financial Sustainability Report, sponsored by Kaufman Hall, highlights significant changes in the nature of risk that hospitals and health systems face in the post-pandemic world, and how these organizations’ leaders should respond. Other articles explore key success factors in M&A initiatives and tactics for controlling variation in costs for surgical procedures.
Financial Sustainability Report: April 2021
The April Financial Sustainability Report, sponsored by Kaufman Hall, offers results of a health system’s assessment of its costs to deliver telemedicine services. Other content includes a case study of how a large medical group revamped its approach to compensating its employed physicians, and guidance on how to stem the losses many hospitals incur around referrals for ambulatory services.
Financial Sustainability Report: May 2021
The May Financial Sustainability Report, sponsored by Kaufman Hall, describes a new method for compensating physicians that better accounts for each organization’s unique circumstances. It also includes guidance for finance and clinical leaders on how they can work together effectively while acknowledging their differences, and it examines how payer-provider partnerships are helping organizations keep pace with a transforming healthcare industry.
Financial Sustainability Report: March 2020
The March issue of the Financial Sustainability Report, sponsored by Kaufman Hall, provides insights and guidance for healthcare finance leaders ranging from accessing untapped opportunities for cost savings to using risk stratification to improve the organization’s position in negotiating risk contracts.
Why benchmarks should not be the sole guide for setting physician compensation
Healthcare organizations that rely on survey benchmark data alone when setting physician compensation may be risking budgets and relationships with physicians, especially in times of great uncertainty. Instead, they should adopt an approach more tailored to their unique circumstances
The 2021 outlook for hospitals: Reviews are mixed despite the large number of people already vaccinated in the United States
Most industry voices are predicting 2021 will be a financially challenging year for U.S. hospitals. But the outlook for some hospitals actually may be positive.
Payer-provider economics: Preparing for the new frontier in healthcare
Payers and providers are increasingly creating strategic partnerships, with the intent of keeping pace in a rapidly transforming healthcare payment system that rewards value over volume.
As the Senate Finance Committee considers telehealth expansion, payment approaches are a key talking point
A congressional hearing featured testimony about why fee-for-service is not a viable way to fund a Medicare telehealth expansion.