It’s Time for Healthcare CFOs to Play Offense in the Move Toward Value
When it comes to evolving payment models, CFOs have an opportunity to revamp their playbook for strategic decision making—and drive big wins.
The Return on Analytics: Finding and Addressing the “Signals” in the “Noise”
The challenges faced by hospitals and health systems on multiple fronts are significant and well documented. The business environment is exceedingly demanding for management teams as they reposition their organizations for strategic growth, competitive differentiation, and sustained financial health.
Address and Reduce Inappropriate Clinical Variation
Many organizations have an opportunity to address a difficult-but-essential element of cost transformation: reducing inappropriate clinical variation.
Hospital and health system executives recognize the imperative to transform their organization’s costs as they transition to value-based payment models, strive to remain competitive, and seek to generate capital to fund strategic growth initiatives. Many organizations have an opportunity to address a difficult-but-essential element of cost transformation: reducing inappropriate clinical variation.
Healthcare Cost Containment: From Professional Evaluation to Clinical Excellence
Physicians recognize the need to use clinical data to identify clinical variation that adds cost without enhancing quality of care. At the same time, physicians need a high level of confidence in how data are gathered, analyzed, and deployed.
6 Steps for Effective Use of Peer Comparisons and Analytics
Successful use of comparative analytics requires high-quality data, technology, and often cultural shifts. The lack of good data and insight into costs and where savings opportunities exist continues to be the top-cited impediment to cost transformation, according to Kaufman Hall’s latest survey.
Tools and Strategies to Effectively Manage Labor Costs and Performance Improvement
implementation of effective cost improvement strategies will continue to be a top priority for organizations, but in this era of healthcare reform, it has become even more critical for hospitals and health systems.
New-Era Planning Analytics: Assessing Population Health Management Market Opportunity
Organizations need to use more complex analytics to assess their position and performance in a broader context for population health management. Read this article to learn how best to quantify your value position in a transforming healthcare industry.
Patrick Smyth
Senior Vice President
With more than 25 years of healthcare experience, Patrick Smyth is a trusted strategic advisor to healthcare leaders nationwide. His areas of expertise include integrated strategic and financial planning, organizational strategy, strategic options, mergers and acquisitions, physician strategy, clinical portfolio assessment, and program development.
Prior to Kaufman Hall, Patrick was Executive Director of Strategic Planning at Kaiser Foundation Health Plan, responsible for developing regional and program-wide strategic and financial analyses and plans. He previously was Senior Manager and Director of Strategic Financial Services at Kurt Salmon Associates.
Patrick has contributed articles on financial planning and capital investment analysis to various industry journals. He holds an M.B.A., with a concentration in Finance, from San Francisco State University. Patrick is a Chartered Financial Analyst, as designated by the Institute of Chartered Financial Analysts.
Healthcare
Healthcare
Integrated Strategic Financial Planning
Partnership Planning
Value-Based Care
Expert Groupings
Using Data and Analytics to Improve Clinical and Financial Performance
Hospital leaders need to access accurate and reliable data and analytics in order to identify opportunities to improve financial and clinical performance.
Sustainable Cost Management Requires the Right Processes and Tools
Learn about the four essential characteristics of financial tracking and reporting software systems that help ensure the long-term success of cost management efforts.