Sustainability at Risk: Reexamining Hospital Cost Structures to Empower Innovation and Outcomes

Wednesday, August 28th, 2024 | 12:00 PM - 1:00 PM CT

As the healthcare ecosystem becomes increasingly distributed, legacy organizational cost structures and centralized RCM impede hospitals’ and health systems’ ability to keep pace. Based on traditional market forces, these cost structures are collapsing under the weight of new pressures. Adapting to changing payor policies, evolving regulatory and compliance requirements, maintaining stringent cybersecurity measures—every day, significant costs are being added to the healthcare balance sheet. Other industries’ counterbalance is to reflect those costs via the value to the market. Healthcare operates differently, with year-over-year fees and reimbursement compression. This suboptimal cost structure hampers advancements in patient care—while jeopardizing the healthcare organizations’ overall sustainability and viability. At the same time, hospitals are competing with sophisticated and growing “for-profit” providers that are consolidating across the country. As competition grows and care increasingly transitions to non-acute venues, optimizing financial performance in ancillary, outpatient, and outreach services is crucial in competing with non-hospital—and nontraditional—providers.

Join us for a panel discussion where we discuss new strategies to manage those cost structures and promote a healthcare environment where appropriate reimbursements and fee schedules accurately reflect the modern fully laden balance sheet. After attending this webinar, you will be able to:

Identify the hidden factors and dynamics that are undermining the healthcare organizations’ ability to sustainably innovate and deliver care
Analyze your current organizational cost structure, policies, and supporting systems, to build a case for why future patient outcomes are at risk
Architect growth-oriented pathways to offset endemic structural costs and promote organizational growth, such as extension of outpatient services and market access strategies to support it

Presenters:

Kyle Fetter

Chief Operating Officer, XiFin, Inc.

Harley Ross

Chief Commercial Officer, XiFin, Inc.

David Pope

Chief Pharmacy Officer, XiFin, Inc.