Smoothing the Path to Fee-for-Value with Partnerships and Relationship Management
The typical U.S. hospital CFO is managing the financial engine for a multibillion-dollar business with thousands of employees and a razor-thin 2 percent operating margin. They are seeing their core inpatient business decline in volume by 2 percent every year. Now their already shaky business model is being flipped upside down with the introduction of capitated payment programs that hold hospital systems accountable for taking on the risk of a fixed fee.
Understanding how to drive clinical and financial value is critical in this new healthcare environment. Dan Michelson, CEO of Strata Decision Technology, and Steve Allegretto, vice president of value innovation and strategic analytics at Yale-New Haven (Conn.) Health System, are using data analytics to develop this core competency at Yale-New Haven.
Hear Mr. Michelson and Allegretto discuss how Yale-New Haven and Strata are using financial data to drive clinical results in this Becker’s Healthcare podcast.
Sponsored by Strata Decision Technology
For more information, please visit Strata Decision Technology’s website here.