Why Health Systems Need to Rebalance their Revenue Portfolios
Tuesday, June 25th, 2019 | 1:00pm - 2:00pm CT
With the acceleration away from fee-for-service payment models, health systems are experiencing more complexity in their revenue streams than ever before. Health system leaders can no longer rely on historical revenue projection methodologies and anecdotal explanations when they miss revenue projections or embark on new strategic initiatives. Instead, today’s leaders must proactively manage their revenue like a portfolio to be periodically examined, compared to current strategic and clinical initiatives, and rebalanced according to performance. This portfolio approach creates a single source of truth and allows leaders to fully understand current performance while accurately projecting future scenarios.
Following this webinar, attendees will be able to:
- Describe the business case for a portfolio mindset in health system revenue management, answering the questions, “what does ‘balanced’ look like for us?” and "does our revenue modeling reflect our strategic and clinical initiatives?"
- Understand why historical inputs are no longer enough for accurate revenue projection models
- Explore high-level questions within their own organizations to gauge readiness for revenue portfolio management.
If you are unable to attend the live webinar, please register and the recording will be emailed directly to you following the live webinar.