In a recent poll given by HFMA, 91% of organizations use an annual budget, yet 74% of hospitals and healthcare systems state their budget is out of date within the first quarter of the fiscal year, but spend up to 6 months creating, finalizing, and approving their budget.
The Service Line Evolution and Recipe for Growth
Cost reduction has been cited in several recent surveys as being the highest priority amongst U.S. Healthcare systems. That’s no surprise, given the rapid emergence of fee-for-value payment models. These models require strategic service line management as providers seek to align their operational focus with their financial goals. Depending on each organization’s size, location, payer mix, patient demographics, and type of clinical settings, strategic service line management is increasingly complex. Join this webinar where industry experts will outline the value and evolution of service lines and will arm you with strategies, best practices and tools for service line growth.
1. Learn the value and evolution of service line management
2. Discuss strategies for enabling strong service line performance
3. Understand best practices and tools related to service line financial planning