CFOs' Top 3 Lessons of 2012
I spend the majority of my time talking to the nation's top healthcare financial leaders, reading the latest healthcare research and pulling it all together in articles and webcasts.
Doing so has given me a great education on this industry, and at the end of the year I like to reflect on what I've learned and which organizations' approaches made lasting impressions on me. So, here are my top three takeaways from 2012: I hope you find them useful as you move into the new year.
1.Healthcare is entering a renaissance. From a financial standpoint, 2012 and 2013 may feel more like Armageddon, but healthcare is really preparing for its rebirth. This offers many positives for patient care, such as better quality and a more patient-centered approach.
Nevertheless as with most reinventions, challenges are to be expected. I've noticed that the hospitals that are best positioned to thrive in the value-based care future haven't gotten through this limbo-like period quickly.
Most of what the "new" healthcare is about is actually old healthcare in need of retooling in order to serve greater numbers of people. Accountable Care Organizations and population health management aren't new, but if implemented now, an organization can tweak its approach to help reduce costs before the payment model shifts away from fee-for-service.
- New G-Codes to Pay Doctors for Broad Array of Non-Face-to-Face Care
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- States Rejecting Medicaid Expansion Forgo Billions in Federal Funds
- Douglas Hawthorne—A Chance to Do Something Big
- Telehealth Improves Patient Care in ICUs
- Why You Should Involve Patients in Nursing Handoffs
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- Hospital M&A Volume Up, Value Down in 3Q
- The 5 Biggest Healthcare Finance Trouble Spots
- Substance Abuse Resurfaces Among Anesthesiologists in Training