In Partnership with:Executive Insight Report: Opportunities From Financial Efficiencies
In this era of consolidation and healthcare reform, it is more important than ever for leaders to make sure their healthcare organizations are working at peak efficiency. In a recent HealthLeaders Media survey, Healthcare leaders say the greatest financial efficiencies are to be found in the revenue cycle. But how do you make your revenue cycle clean and lean once and for all? As it does so often, problem-solving comes down to expertise and capabilities. It is critical that healthcare organizations select partners, including financial partners, who fully understand the dynamics changing healthcare today. Those partners must show that they are committing the financial and people investments needed to keep pace with the rapid changes in the industry.
Financial Efficiencies Buzz Survey
A three-question survey on financial efficiencies was sent to members of the HealthLeaders Media Council in June 2013. Executives from hospitals, health systems, physician organizations, and other groups were asked about opportunities for financial efficiencies, exposure to potential loss, and sources for financial efficiencies guidance. A total of 125 completed surveys are included in the analysis, which included 56 Senior Leaders. Results for Senior Leaders are broken out for comparative purposes.Roundtable: Top Skills for Top Executives
The healthcare industry is experiencing a dramatic shift in key competencies with the advent of new incentives and requirements, and new skills are needed to engineer the merger of clinical and financial priorities. Leaders must delegate risk management, case management, and medical informatics, among other priorities, while staying on course with strategic goals. Thinner margins mean that CEOs must take an active role in maintaining a healthy balance sheet. Top executives need to broaden their capabilities and serve as a bridge between clinical and financial priorities. While chief executives must provide the vision, they must also cultivate their own financial expertise while helming an executive team that is flexible and innovative in the face of rapid change, and that keeps financial self-sufficiency at the top of the priority list.
Click below to download this FREE report featuring senior executives from Rush Oak Park Hospital, St. John Hospital and Medical Center, Good Samaritan Hospital, and Bank of America Merrill Lynch.