How Will Hospitals Continue to Navigate Financial Uncertainty?

Two healthcare CFOs reveal how they lead during unforeseen times

The last two years have been some of the most volatile for hospital finance leaders. Their organizations endured relentless bottom-line attacks due to the pandemic’s repeated surges, tanking surgery volumes, widespread staffing shortages, and higher prices for supplies. Even more financial uncertainty lies ahead with the end of COVID-19 subsidies, worsening labor shortages, and climbing inflation and costs.

In our latest Industry Focus Section, hear from Darryl Linnington, CFO of CHA Hollywood Presbyterian Medical Center (CHA HPMC)—a 469-bed acute care facility in Los Angeles—and Ben Spence, chief financial and business services officer for Lee Health, a public health system in Fort Myers, Florida, with four acute care hospitals, for insights into how they’re navigating their organizations during these unforeseen times.

Health Plans Reveal 4 Transformative Trends in 2022

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Masks may be coming off, but health plans face pandemic-related challenges and a host of high-priority issues in 2022 in the race to improve health equity, value, and the member experience while tamping down costs. 

In the latest HealthLeaders Industry Focus Section, we had the opportunity to interview Praveen Thadani, president of Priority Health, and John Baackes, CEO of LA Care Health Plan, on top trends bubbling up amid so much disruption. They emphasize the importance of dialing in digital and virtual health strategies, data sharing and efficiency, and provider engagement to stay on top of members’ evolving needs, care access, quality, and spending.

Download now to learn about four payer trends to watch this year.

New Priorities: Investing in SDOH and Health Equity for the Long Term

As healthcare enters year three of the pandemic, growing health disparities and health equity issues impacting vulnerable communities and patient populations have been illuminated.

Some of the major impacts include social isolation, job loss, and lack of access to food, housing, healthcare, and technology. Healthcare organizations like Mass General Brigham and Virginia Commonwealth University Health System (VCU) have responded with significant resources and comprehensive programs. Leaders from these two health systems share new initiatives and approaches to addressing social disparities and health inequities.

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Trend Watch: The Promise of AI and Automation

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In recent years, healthcare organizations, especially larger health systems, have used artificial intelligence (AI) to do everything from automating parts of the revenue cycle such as claims eligibility verification process¬es to engaging patients with personalized experiences at digital touch points. They turned to AI and automation during the height of the pandemic to predict and manage patient surges, maintain PPE supplies, and triage and communicate with patients before receiving care. With lessons learned from the pandemic still fresh, how will AI reshape strategic plans moving into the future?

In the latest HealthLeaders Industry Focus Section, we had the opportunity to interview Nasser Chanda, CEO of Paymerang, about how healthcare finance automation is transforming accounts payable.

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Trending Technologies: Technologies that Optimize Clinical Workflow and Communication

Despite making dramatic improvements to care programs and numerous key efficiencies, patients are still facing bottlenecks and redundancy when it comes to receiving treatments. However, transformative moments have now come from technology solutions designed to improve communication processes across the care continuum.

Here, hospital leaders share how their organizations are leveraging these technology solutions to power up clinical workflow and communication processes.

Download our latest Trending Technologies Report today!

Five Hospital Workforce Transformations to Watch

Two years of chaos has triggered massive changes in the hospital workforce. From flexible scheduling to hybrid work models, provider organizations are making critical transformations to meet changing labor demands and create more agile workforces. Healthcare leaders weigh in on how they are adapting workforce strategies during the pandemic and beyond.

Read our latest Industry Focus Report today!