- About Us
- Strategic Planning
- Strategic Planning Pillars
- Finance Pillar
Finance Pillar
Balancing cost management with revenue enhancement to achieve performance improvements.
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
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
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
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