Aligning Executive Compensation to Strategic Priorities
As hospital boards and executives embark on transformational strategies like clinical integration and population health management, finance leaders are key in helping to set performance targets that are appropriate relative to industry-wide statistics as well as past performance.
Healthcare Predictions Focus on Innovative Corporate Structures and Alternative Financing
An alternative corporate structure called a “benefit corporation” is at the center of one of 10 predictions issued by BDO. Two others one related to telemedicine and the other related to sources of alternative capital pertain to hospital finance.
No-Divert Policy, Strategic Growth Help Erlanger Increase Revenue by $300 Million
A strategic plan that focused on growth and expanding specialty services helped Erlanger Health System improve its balance sheet while maintaining high-quality performance. A pay-for-performance program also increased nurse productivity.
Hospital Spending to Accelerate in Coming Years: CMS
Feb. 20—Hospital care spending is expected to accelerate over the coming 10 years as Medicare enrollments surge, more states expand Medicaid eligibility, and prices increase.
Annual Hospital Costs for Opioid Overdose Patients Approaches $2 Billion
The average cost for an overdose patient who was treated and released totaled $504, but the average cost rose to $11,731 for those that were treated and admitted to a hospital.
The 4 Qualities of ‘Next-Level’ Healthcare CFOs
The impact of “next-level” CFOs is felt and seen throughout organizations. For example, by mentoring and coaching to build financial literacy across teams and organizations, these CFOs are seen as proactive and selfless servant leaders who are improving their organizations.
Underinsured Rate Reached 15-Year High
Feb. 6—More insured people are struggling to afford care than at any time since 2003, according to a new survey. And it’s a challenge across all major private- and public-payer categories.
More Federal Support Pledged for Rural Hospitals
Feb. 5—The federal government plans to increase the number and variety of alternative payment models available for rural hospitals, which are facing growing financial pressures.
Extent of Corporate Venture Funds in Health Care
Investment by hospital-sponsored or corporate venture capital funds in digital transformation initiatives is projected to increase substantially in coming years.
Investment Areas for a Digital Future
Healthcare organizations are preparing for their industry’s digital future by investing in 13 key areas.