Financial Sustainability

Financial Sustainability

Paving the path to sustainable growth

< back to insights

Financial Sustainability

Paving the path to sustainable growth

< back to insights

Data & Analysis


Health Systems and Financial Recovery: A Challenging Balancing Act Ahead

As the COVID-19 pandemic endures, health systems across the country head into the second half of 2020 with margin improvement as a top priority. The first six months of the year 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 by year-end.


Download Now

Brief

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

Health system leaders who act quickly have an opportunity to be proactive in this next phase of the crisis and 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.

Read more >

Latest


In February 2020, we published a paper, “Building an Effective Cost to Collect Strategy.” The paper is focused on guiding revenue cycle leaders to finding the best way to maximize their yield. 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.

Read more >

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?

Read more >



Guide

Oncology Demand Recapture Planning Guide

A robust plan to safely serve oncology demand is necessary to support timely patient access and
avoid lasting financial repercussions

Read more >


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.

Read more >


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.

Read more >

Webinar

Board Roles in a Time of Crisis

The Chartis Group, Jarrard Phillips Cate & Hancock, and McDermott Will & Emery provide valuable insights for optimizing the role of the board in the midst of COVID-19.

Listen now >

Whitepaper

The Rural Health Safety Net: Understanding the Potential Impact of COVID-19

In this new analysis, The Chartis Center for Rural Health explores key factors in assessing the potential impact of the COVID-19 pandemic on the rural health safety net, including access to intensive care unit beds, the reliance on outpatient service revenues and rural provider days cash on hand.

Read more >

Chartis Top Reads

Our research team breaks down this week's top healthcare news.

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.

Read more >

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.

Read more >

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.

Read more >

Financial Sustainability - The Chartis Group