The Healthcare Financial Management Association has released a report on acquisition and affiliation strategies, based on hospital and health system site visits, interviews and 145 responses to a survey sent to senior financial executive HFMA members.
The report identified the following eight ways financial executives expected improvement in capabilities as the result of an acquisition or affiliation.
1. Management and restructuring costs (65 percent of executives expected improvement in this area).
2. Patient population data analytics across the organization (57 percent)
3. Management of the care continuum by physicians (57 percent)
4. Optimization of service distribution across facilities (55 percent)
5. Common clinical protocols across locations (51 percent)
6. Management of risk-based payment (50 percent)
7. Supply chain management (42 percent)
8. Revenue cycle management (41 percent)
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