Steps to Effective Succession Management
Leaders of healthcare organizations can use a 90-day plan to implement the initial stages of a succession management plan.
Succession Planning as a Strategic Initiative
Hospitals and health systems can groom future leaders using methods such as analytics, performance evaluations, and formal development programs.
The CFO’s Role in Innovation
Setting aside less than one percent of operating revenue for innovative projects can help organizations improve patient services and advance the Triple Aim. “The high performers in innovation are not necessarily the high percentage investors,” says Adam Ward, an innovation consultant.
Rethinking Revenue Cycle Management
Fully managed revenue cycle functions present challenges and opportunities. When successful, they better align with an organization’s clinical and financial goals.
Successful Healthcare Financial Management Requires Imagination and a Solid Plan
Although many healthcare finance leaders may feel that strategic planning is second nature to them, they can benefit from routinely revisiting the process to learn from the experiences of others and to ensure that are taking all the steps that are necessary for success.
Your Health System Is Ready for the Future—But Is Your Leadership Structure?
John Johnston and Vincent Joseph explain that even as revenue and volume continue to move into nonhospital entities, leaders must be held accountable for the performance of their own individual business units or regions, as well as for systemwide results.
AI Meets Health Care’s Turnover Problem
One health system found that artificial intelligence (AI) can provide an effective means to ensure the right nurses are hired for the right roles, which helps it meet strategic goals on quality, satisfaction, and costs.
It’s all connected
Efforts to improve the patient financial experience should not be undertaken in isolation. HFMA President and CEO Joe Fifer explains why.
Four Considerations for Implementing Workplace Flexibility
Remote work, flex scheduling, short-term staffing options, and a long-term strategic outlook can help healthcare organizations flourish in the competition to fill specialized positions.
The Future of Consumerism
HFMA President and CEO Joe Fifer discusses rising consumer expectations in health care and what it will take to meet them.