Finance and Business Strategy

Associations, legal experts, and insurance companies can offer resources for cybersecurity program development.

Dec. 6—Federal actuaries identified slower-than-projected nationwide healthcare spending growth in 2017, driven in part by reduced use of outpatient services.

A number of healthcare industry trends have prompted the widespread use of captive health plans with reinsurance as a means to address risk under population health management initiatives.

A captive health plan’s programs and services can be supported by a broad range of services that can be delivered by partner organizations, including case management, claim recovery, and patient advocacy.

Healthcare providers can best manage the risk posed by population health management initiatives by forming captive health plans and acquiring reinsurance to cover potential catastrophic loss.

Crowdfunding can increase investor participation and engagement between project initiators and potential funders, as well as raise awareness of neglected health issues.

The market will remain highly competitive for executives and physicians with the leadership skills needed to navigate change, ensure strategic success, and facilitate innovation. To attract these leaders, organizations must be flexible when setting compensation levels. 

For some healthcare providers, a combined budgeting approach using advanced statistical forecasting techniques in conjunction with a rolling budget process provides an optimum balance between traditional budgeting techniques and future forecasting methodologies. 

Peer comparisons help hospitals recognize that performance improvement opportunities exist and give them evidence that their peers are executing on those opportunities. With that information, leadership teams are motivated to pursue targeted corrective actions.

Tax liabilities, subleasing, permitted uses, and even HIPAA need to be considered when preparing healthcare facility leases.