Financial Sustainability

Financial Sustainability

Successfully navigating tomorrow’s financial challenges

< back to insights

Financial Sustainability

Successfully navigating tomorrow’s financial challenges

< back to insights




“There’s only one way to go from here. Healthcare organizations cannot succeed by standing still.”
Whitepaper

Five Imperatives to Financial Stability in the Post-Pandemic Era

What does the path to financial stability look like? We have identified five imperatives organizations must address, along with tactics leading healthcare organizations have deployed to respond to the ongoing financial, operational, and emotional challenges of the pandemic.

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Latest


A handful of organizations across the country already have figured out what it takes to unlock the transformative value of APPs and are forging a path that others can follow, based on six key elements.

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Health system leaders must pull the right levers to build back the balance sheet. Resizing the enterprise to new volumes, restructuring costs, realigning operations, and establishing the right infrastructure to support and monitor change will be required to return margin.

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Data & Analysis

Health Systems and Financial Recovery: A Challenging Balancing Act Ahead

COVID-19 brought the “perfect storm” of financial disruption – loss of elective procedures, reduced patient volumes, and increased costs to manage dual systems of care for both COVID and non-COVID patients. Amid the fallout, hospitals face an immediate need to reduce costs.

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Whitepaper

Building an Effective Cost to Collect Strategy

The COVID-19 pandemic has put many healthcare provider organizations in an unprecedented, compromised financial position that will take a great deal of time to recover from. Here’s guidance for revenue cycle leaders to maximize their yield.

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Whitepaper

Beyond the Second Curve: Reimagining Value-Based Care

Non-traditional entities are capturing the value void through innovative models, partnering with funding entities to receive compensation for addressing needs. What activities and strategies should health systems consider?

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Data & Analysis

Falling Behind: Non-Profit Health Plans Need a New Medicare Advantage Strategy

The surge in Medicare Advantage enrollment has masked a concerning trend: For-profit health plans are far outpacing non-profits in capturing market share. With a renewed strategy, non-profits can narrow this gap.

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Article

COVID-19: Cash Management Strategies to Implement Now

Maximizing cash flow at this critical time is a priority. A targeted effort focused on cash acceleration and conservation can help organizations get through this time of severe financial strain.

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Data & Analysis

Crises Collide: The COVID-19 Pandemic and the Stability of the Rural Health Safety Net

The rapid spread of COVID-19 in rural communities and the pre-existing rural hospital closure crisis have left 453 hospitals vulnerable to closure, on top of the 135 hospitals that have closed since 2010.

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Article

Physician Compensation Considerations Amidst the COVID-19 Pandemic

In the moment of pandemic crisis, it is unwise to implement fundamental changes to physician compensation models. However, some considerations and short-term actions are warranted and necessary. Health systems, medical groups and faculty practices should consider four essential steps.

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Whitepaper

Launching a Revenue Cycle Automation Strategy

Intelligent automation (IA), artificial intelligence (AI), robotic process automation (RPA) and machine learning (ML) are all hot buzzwords in today’s healthcare industry, and while slower to adopt, the healthcare sector is gradually embracing this technology.

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Whitepaper

Standalone Hospitals: Are They Really Dinosaurs?

Over the past 20 years, the percentage of the nation’s hospitals over 200 beds that are part of health systems has risen from 5 to 77. From 2006 to 2016 alone, the number of independent hospitals over 200 beds declined nearly 40 percent from 502 to 308.

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Financial Sustainability - The Chartis Group