Enhancing Financial Accountability Across the Health System
Health Systems are finding themselves under unprecedented financial pressure, requiring them to drastically reduce costs. To survive in this environment, providers are launching efforts to instill accountability across their health systems and work with department/service line leaders and clinicians to jointly drive margin management initiatives.This webconference discussed how providers are embedding financial discipline in the line.
We discussed how health systems are:
- Becoming more prescriptive, top-down, and demanding of the wider organization when setting productivity and financial targets
- Holding staff accountable by consistently and openly measure performance, making mid-course corrections in response to underperformance, and diligently tracking the results of finance initiatives
- Providing managers—especially those struggling to meet aggressive productivity and cost targets—with in-the-moment expertise and analytic support to elevate their performance