Strategic Planning
As Blue Shield of California fights to save its state tax exemption, momentum is growing around a movement to apply the same scrutiny to nonprofit hospital systems, and maybe collect the same taxes, as for-profit systems.
Healthcare financial planning is more complex than ever, evolving from a function-focused activity into integrated financial and operational planning that touches the entire organization.
The nature of the risk under the CMS Pioneer ACO and Shared Savings programs is hard for providers to manage. But the Next Generation ACO program has changed the level of risk, offering providers a higher share of savings and new ways to limit unpredictable losses.
Before committing to partnerships within a parochial healthcare network, all the players must know the stakes, the options available and most importantly, the methodology for proceeding with a business model that is foreign to most provider organizations.
The move away from inpatient care towards services provided outside of the hospital setting is leading many healthcare systems to sell off properties owned by their hospitals in an effort to scale back and raise some extra cash.
While once there were no books, conferences and even curriculum dedicated to the management methodology, now there are dozens of tools available.
With so many organizations making up your accountable care organization, the need for a collaborative approach to supply chain purchasing is leading organizations to lean on analytics tools and new chains of communication to keep costs in check.
Chief financial officers must determine the best value-based care model for their healthcare organization, experts say.
The economic recovery has been a major driver, but the increase in the number of people insured through the Affordable Care Act and Medicaid expansion is likely having the biggest effect.
The system is designed to extend the expertise of Jefferson clinicians to suburbanites through telehealth, urgent care centers and Abington's three community hospitals and clinics.