Crowdfunding: Assessing Benefits and Risks
Crowdfunding can increase investor participation and engagement between project initiators and potential funders, as well as raise awareness of neglected health issues.
CFOs Play a Key Role in Cybersecurity Planning
“As part of the overall leadership team, the CFO should be asking tech leadership for a cost/risk reduction analysis for each technological expenditure requested to remedy identified vulnerabilities and gaps,” says John Riggi of AHA.
The Internet of Things Presents Security Concerns
The sheer number of networked healthcare devices means larger cybersecurity attacks are easier to execute. For healthcare providers, these breaches are not only disruptive, embarrassing, and expensive, but they can lead to serious medical complications for patients.
Protecting Against Cybersecurity Threats
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.
For Hospitals Facing Hurricane Season, Preparation and Practice Are Critical
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.
Building an ERM Framework for Value-Focused 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.
How to Optimize Enterprise Risk Management Strategy in Health Care
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.
Assessing Risk in Healthcare Finance Calls for Stewardship
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.
How Healthcare Providers Can Reap the Benefits of an Actuarial Mindset
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.
4 Strategies to Unlock Healthcare Performance Management Constraints
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.