Identifying Dark Green Dollars During Challenging Times: How hospital CFOs track and influence revenue
Before the pandemic, health system financial leaders were expected to navigate an increasingly complex reimbursement environment. In the past, these leaders could rely on reactive strategies and traditional metrics alone to secure financial well-being for their organizations. Now, the hospital CFO must be proactive, leverage a broad range of metrics across various operations and work closely with other executive leaders to achieve financial well-being for the organization.
During an advisory call hosted by Becker's Hospital Review in conjunction with the healthcare technology company Nuance Communications, a group of healthcare financial executives discussed their efforts to help their organizations maintain financial footing in these challenging times. The conversation was largely future focused with an emphasis on how technology can support financial performance and the importance of clinical documentation improvement efforts.
Key learnings contained in this whitepaper include:
- Establishing clinical partnerships and dashboarding the metrics that matter most
- Determining CDI and CAPD technology ROI
- How innovation at the point-of-care can support financial recovery amid COVID-19
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