Top
Follow Us

Finance Pillar

Balancing cost management with revenue enhancement to achieve performance improvements.

Develop and implement strategic, financial and human resource planning process

Objectives

1a. Develop a 5yr capital expenditure plan

1b. Establish comprehensive reporting capability

1c. Expand stakeholder survey process

1d. Establish capital request eval. criteria

1e. Establish service line and physician reports

1f. Develop workforce salary & promotion plan

Metrics

Evaluate cost management optimization opportunities

Objectives

2a. Identify contract labor savings opportunities

2b. Evaluate supply chain, productivity and throughput

2c. Identify opportunities to improve LOS

2d. Implement opportunities to reduce unnecessary Inpatient and Outpatient care variation

2e. Explore profitability under CMS rates

2f. Evaluate physician practice efficiency optimization

Metrics

Evaluate revenue capture opportunities (enhancement & integrity)

Objectives

3a. Identify documentation & coding improvement opportunities

3b. Reduce CMS penalties and maximize CHIRP earned incentives

3c. Create cash collections procedures and policies

3d. Conduct managed care contract negotiations

3e. Define prior authorization and denial management process

3f. Optimize CDM and price transparency

Metrics

We’re Here for You

Your Health Journey Begins with  
the Right Team in the Right Place