Best-in-class finance departments in 2015
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Topics: Revenue Cycle, Finance, Capital Planning, Clinical Documentation, Information Technology, Payer and Regulatory Policy, Health Care Reform, Market Trends, Strategy
Josh Gray, Financial Leadership Council
Across the last four months, my colleagues and I at the Financial Leadership Council have conducted 40 interviews with hospital CFOs concerning their most pressing challenges, including managing Medicare margins, preparing for accountable care contracting, and optimizing affiliation strategy. Many of these issues were discussed at a breakout session held at the conclusion of a recent Advisory Board CEO Session on accountable care. One of the most important areas of discussion focused on what a best-in-class finance department would look like in 2015—when most of coverage expansion under reform will have occurred.
Across the last four months, my colleagues and I at the Financial Leadership Council have conducted 40 interviews with hospital CFOs concerning their most pressing challenges, including managing Medicare margins, preparing for accountable care contracting, and optimizing affiliation strategy. Many of these issues were discussed at a breakout session held at the conclusion of a recent Advisory Board CEO Session on accountable care. One of the most important areas of discussion focused on what a best-in-class finance department would look like in 2015—when most of coverage expansion under reform will have occurred.
