From the June 2021 issue of HealthCare Business News magazine
Many factors will influence how quickly hospitals and healthcare systems recover from the economic turmoil of 2020 and the ongoing COVID-19 crisis. But prioritizing effective cost management combined with a process-driven analytics strategy arms healthcare finance leaders with the foresight to look beyond the pandemic, and to the road ahead. While the future may not be smooth, it’s critical that healthcare finance leaders take on new strategies and leverage new tools to ensure they have a comprehensive view of current and future challenges to unlock new opportunities for improvement. By learning from the challenges of the past year and adapting to changes, the healthcare industry will be better equipped to plan, budget and prepare for future crises.
About the author: Kermit S. Randa is the CEO of Syntellis Performance Solutions.
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