Article
Balancing Workforce and Financial Health for the Future
Rob Gamble discusses how a strategic eye toward maximizing the reinvestment in your workforce will be the difference between succeeding and struggling in the “new normal.”
“Academic health systems that are still in the early stages of their journey to leading practice should accelerate that drive by leveraging key strategic differentiators to overcome organization and financial challenges.”
Brief
Academic Health Systems Can Leverage the Revenue Cycle to Achieve Strategic Priorities
A leading-practice revenue cycle is an often-overlooked opportunity to address organizational and financial challenges characteristic of these complex health systems.
In this Becker’s webcast, we are joined by CFO of OhioHealth, Mike Browning, and CHRO of HonorHealth, Wayne Frangesch, to discuss the keys to balancing workforce and financial health as we accelerate out of the pandemic.
The symphony of forces acting on patients, providers, health systems, and investors underscores the need for an urgent and thorough reevaluation of how care is financed and delivered. Fortunately, the ways to move forward don’t rely solely on a strong balance sheet.
Executing tailored strategies in light of each of these four areas of change will position healthcare organizations to reach or exceed their financial, operational, and cultural goals — and sustain an effective virtual workforce.
KLAS CATEGORY LEADER
“Any financial improvement usually means making tough decisions, so the process is a rough ride. There was never a time when we had to do a complete course correction, though. Chartis Group was willing to go above and beyond to keep our business and help us. It is easy for a vendor to just do their job and not care about other things, but Chartis Group really cared about our success.”
-VP/Other Executive, December 2020
KLAS CATEGORY LEADER
“Chartis Group develops deep and close working relationships with the client teams in a way that very few consulting firms do effectively. That goes a long way in their ability to make an impact. Chartis Group embeds themselves, and they treat projects as processes of discovery. They learn everything they can about an organization and what makes it tick. They very much treat their clients as their own. They assimilate themselves into their client environment in a way that is pretty unique.”
-VP/Other Executive, December 2020
KLAS CATEGORY LEADER
"The engagement we had with the vendor was excellent, and they did a really great job. The vendor consultants were top notch. They lived up to our expectations. That was extremely helpful in the space of clinical informatics. The vendor brings in high-quality physicians who have done the work before. They understand the work, and they add a lot to the conversation. The quality of the vendor's consultants is very high, and they understand the challenges we face in healthcare today. The vendor is very up-to-date and forward thinking, and that is helpful as well."
-VP/Other Executive, November 2020
Data & Analysis
Health Systems and Financial Recovery: A Challenging Balancing Act Ahead
Data & Analysis
Falling Behind: Non-Profit Health Plans Need a New Medicare Advantage Strategy
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Crises Collide: The COVID-19 Pandemic and the Stability of the Rural Health Safety Net
