Financial Sustainability

Financial Sustainability

Successfully navigating tomorrow’s financial challenges

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Financial Sustainability

Successfully navigating tomorrow’s financial challenges

< back to insights


“95% of respondents indicate that improving financial performance is in the top 3 organizational priorities. Despite the clear recognition of the need to improve financial performance coming out of the last year, many are still in the early stages of their efforts.”
Data & Analysis

The Year Behind and the Road Ahead for Children’s Hospitals

In interviews with more than 20 children’s hospitals, C-suite leaders weighed in on how the pandemic uniquely impacted them and how they are pivoting for a new normal. This report outlines benchmarks and imperatives for addressing these pressing issues.

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Webinar

Threading the needle: Keys to balancing a vibrant workforce with financial success

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.

Latest


Many organizations no longer have the workforce they need, thanks to the physical, emotional, and financial ramifications of the pandemic. On top of unprecedented exhaustion and burnout, staff are covering vacancies and doing more with less. This situation can rapidly become a downward cycle from which it is difficult to break free.

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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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Article

Capturing APP Value: Industry Leaders Share Their Experiences

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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Brief

Building Back the Balance Sheet in the Age of COVID-19

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

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Whitepaper
Beyond the Second Curve: Reimagining Value-Based Care

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

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Article
COVID-19: Cash Management Strategies to Implement Now

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

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Article
Physician Compensation Considerations Amidst the COVID-19 Pandemic

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Whitepaper
Launching a Revenue Cycle Automation Strategy

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Whitepaper
Standalone Hospitals: Are They Really Dinosaurs?

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Financial Sustainability - The Chartis Group