Creating Financial Resiliency
The financial environment in which healthcare providers operate has dramatically shifted with the passage of the Patient Protection and Affordable Care Act (ACA) and the associated market transformations in coverage, care delivery and reimbursement. Importantly, providers are taking on higher levels of risk. They are managing existing fee-for-service arrangements, a growing number of risk-based arrangements, care coordination with community partners, and quality reporting. The complex and changing landscape of how care is organized, measured and reimbursed is forcing financial leaders to seek out new approaches and tools to help them meet and adapt to healthcare reform.
This paper will explore some of the market dynamics driving the financial volatility in healthcare and will explore how advanced analytics, with the right IT backbone and organizational competencies, can help organizations successfully identify ways to manage revenue cycle profitability.
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