Jody Hill-Mischel, Walter W Morrissey, Kimberly Neese, Timothy R Shoger
A healthcare organization's efforts to strategically transform its cost structure in preparation for value-based payment invariably must begin with a systemwide assessment of cost and quality. Such an assessment should focus on three categories of performance improvement activities: margin improvement, business restructuring, and clinical transformation. A work-team approach is recommended, where teams with multidisciplinary representation assume responsibility for assessing specific areas (e.g., acute care enterprise, physician enterprise, business restructuring)...
June 2016: Healthcare Financial Management: Journal of the Healthcare Financial Management Association