Winter 2017 - Volume 34 - Issue 2

  • Trudy Land, FACHE
  • 0748-8157
  • 2475-2797
  • 4 issues per year

From the Winter Issue 2017

Financial performance in an uncertain environment continues to dominate the concerns of healthcare executives. Many hospitals and health systems are struggling to remain viable amid mounting pressure to create value—higher-quality care at a lower cost. A solid and sustainable financial position is vital for survival. What innovative strategies and solutions are organizations employing to grow revenue, decrease costs, and improve safety and the quality of care?

The list of financial challenges that hospitals and health systems face is monumental. Their leaders are confronting hurdles such as transitioning to value-based models, risk contracts, bundled payments, and population health management while dealing with reimbursement cuts, declining inpatient volumes, and rising expenses for labor and supplies.

To strengthen their financial positions and achieve quality and cost goals, organizations have developed or are evaluating partnerships and are implementing financial and clinical integration. In addition to collaborative arrangements to attain value, other crucial actions involve redesigning processes to eliminate waste and variation in care, to produce operational efficiency, and to develop best practices for superior outcomes.

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