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Hospital Finance 101 Carla Neiman Chief Financial Officer Clark Fork Valley Hospital The Finance  Quality Connection Introduction to Hospital Finance.

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Presentation on theme: "Hospital Finance 101 Carla Neiman Chief Financial Officer Clark Fork Valley Hospital The Finance  Quality Connection Introduction to Hospital Finance."— Presentation transcript:

1 Hospital Finance 101 Carla Neiman Chief Financial Officer Clark Fork Valley Hospital The Finance  Quality Connection Introduction to Hospital Finance & Reporting Getting Comfortable with the numbers

2 What is your F Quotient?

3 Discussion Topics Why Finance? Why Finance? How the goals of financial performance and quality care are related & integrated How the goals of financial performance and quality care are related & integrated Basic Hospital Finance & Reporting Basic Hospital Finance & Reporting How to understand and use your hospital’s financial information How to understand and use your hospital’s financial information Current Trends in Healthcare Finance & Reimbursement Current Trends in Healthcare Finance & Reimbursement Affordable Care Act and coming payment reforms Affordable Care Act and coming payment reforms

4 Why Finance? Margin vs. Mission Margin vs. Mission One of the most important characteristics of ANY business is its financial performance & condition One of the most important characteristics of ANY business is its financial performance & condition

5 Financial Analysis evaluates a business’s financial performance & condition Does it have the financial capacity to fulfill its mission? Does it have the financial capacity to fulfill its mission? By assessing the financial health of our hospital we can identify strengths & weaknesses By assessing the financial health of our hospital we can identify strengths & weaknesses The principal of Stewardship The principal of Stewardship

6 The Quality Connection The financial impact of quality on your hospital The financial impact of quality on your hospital Cost of new technology and the evolving “standard of care” Cost of new technology and the evolving “standard of care” Adverse events Adverse events Lawsuits, insurance claims and insurance cost Lawsuits, insurance claims and insurance cost Community image – consumer assessment Community image – consumer assessment Payer impact – Never Events, credentialing & payment reform Payer impact – Never Events, credentialing & payment reform Survey agencies Survey agencies Publicly reported quality data Publicly reported quality data

7 The evolving relationship between quality and cost in health care The “Cost of Quality” The “Cost of Quality” “…costs and quality of care cannot be separated from each other. Higher quality often requires increased expenditures. When this occurs, decision makers must reconcile the desire for higher quality with the desire for cost control.” “…costs and quality of care cannot be separated from each other. Higher quality often requires increased expenditures. When this occurs, decision makers must reconcile the desire for higher quality with the desire for cost control.” –Kovener & Neuhauser, 1990

8 The “Cost of Poor Quality” The “Cost of Poor Quality” Process improvement & resulting reduction in cost, LEAN, Six Sigma Process improvement & resulting reduction in cost, LEAN, Six Sigma “Although health care differs in many ways from manufacturing, there are also surprising similarities: Whether building a car or providing health care for a patient, workers must rely on multiple, complex processes to accomplish their tasks and provide value to the customer or patient. Waste – of money, time, supplies or good will – decreases value…” “Although health care differs in many ways from manufacturing, there are also surprising similarities: Whether building a car or providing health care for a patient, workers must rely on multiple, complex processes to accomplish their tasks and provide value to the customer or patient. Waste – of money, time, supplies or good will – decreases value…” --Institute for Healthcare Improvement (2005) The evolving relationship between quality and cost in health care

9 The Quality Connection High Cost does not mean High Quality High Cost does not mean High Quality “Despite having the most costly health system in the world, the United States consistently underperforms on most dimensions of performance compared with other industrialized countries…” “Despite having the most costly health system in the world, the United States consistently underperforms on most dimensions of performance compared with other industrialized countries…” –Karen Davis, President, Commonwealth Fund

10 Introduction to Hospital Finance & Reporting How the hospital gets and spends its money How the hospital gets and spends its money

11 Financial Statements Audited vs. Interim Audited vs. Interim Statement of Operations (Income Statement) Statement of Operations (Income Statement) Statement of Financial Position (Balance Sheet) Statement of Financial Position (Balance Sheet) Statement of Cash Flows Statement of Cash Flows

12 Other Financial Reports Statistical Reports Statistical Reports Accounts Receivable Status Accounts Receivable Status Labor Productivity Report Labor Productivity Report

13 Statistical Reporting Hospital revenues tend to be volume driven and revenues are well demonstrated with statistics Hospital revenues tend to be volume driven and revenues are well demonstrated with statistics Statistical reports should compare actual statistics to budget for current period and year- to-date Statistical reports should compare actual statistics to budget for current period and year- to-date One should see a reasonable correlation between variances in statistics and corresponding categories of revenue One should see a reasonable correlation between variances in statistics and corresponding categories of revenue

14 Typical Statistics to Review Average Daily Census (by unit, by category) Average Daily Census (by unit, by category) Patient days Patient days Outpatient Visits Outpatient Visits Surgery minutes Surgery minutes Case mix index Case mix index Emergency Room visits Emergency Room visits Clinic visits Clinic visits Revenue per day and per visit Revenue per day and per visit

15 Statistical Report example DescriptionActualBudgetVariance Avg YTD Hospital ADC (.5)3.9 Surgery Minutes Outpatient Visits (113)1388

16 Dashboard Report

17 The Statement of Operations Also called the “Income Statement” – this report outlines actual revenues and expenses, as compared to budget, and is the most important gauge of the positive or negative results of the hospital’s operations for the period.

18 Hospital Revenues Operating Revenue Operating Revenue Directly related to operations Directly related to operations Volume driven Volume driven Other Operating Revenue Other Operating Revenue Indirectly related to operations Indirectly related to operations Non-Operating Revenue Non-Operating Revenue Not related to operations Not related to operations

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20 Operating Revenues Routine – Inpatient Room & Bed Charges Routine – Inpatient Room & Bed Charges Ancillary – Inpatient & Outpatient Ancillary – Inpatient & Outpatient Lab, Imaging, Pharmacy, Therapy, Supplies, ER, Surgery, Home Health Lab, Imaging, Pharmacy, Therapy, Supplies, ER, Surgery, Home Health Clinic Clinic

21 Deductions from Revenue “No one pays full price…” Contractual Discounts/Allowances Contractual Discounts/Allowances Charity Care Charity Care Policy Discounts – Employee discounts, Administrative Discounts Policy Discounts – Employee discounts, Administrative Discounts Monthly Allowance Estimates Monthly Allowance Estimates

22 Net Patient Service Revenue This is the difference between Gross Charges and Contractual Allowances This is the difference between Gross Charges and Contractual Allowances This is the NET amount of revenue we expect to collect after discounts to patients and public/private payers This is the NET amount of revenue we expect to collect after discounts to patients and public/private payers

23 Hospital Service Revenue & Margin Lab Test A Charge/Price = $25.00 Charge/Price = $25.00 Payment (varies w/payer) Medicare = $18.00 Payment (varies w/payer) Medicare = $18.00 Cost = $13.00 Cost = $13.00 Charge – Payment = Contractual Adjustment Charge – Payment = Contractual Adjustment Payment – Cost = Contribution Margin Payment – Cost = Contribution Margin

24 Payer Types & Payment Methodology – Hospital Medicare and Medicaid Hospital Medicare and Medicaid Hospital CAH  Cost Based CAH  Cost Based Non-CAH  Prospective Payment (DRG & APC) Non-CAH  Prospective Payment (DRG & APC) Commercial Insurance – Fee for service and discounts from charges, DRG or case payments, capitation Commercial Insurance – Fee for service and discounts from charges, DRG or case payments, capitation Private Pay – Prompt pay discounts, charity care, bad debt expense Private Pay – Prompt pay discounts, charity care, bad debt expense Medicare Swingbed – Per Diem based on Cost per Day Medicare Swingbed – Per Diem based on Cost per Day

25 Payer Methodology Other Services Medicare DME, Lab, Mammo – Fee Schedule Medicare DME, Lab, Mammo – Fee Schedule Medicare Home Health – Episode Based Medicare Home Health – Episode Based Medicaid Nursing Home – Per Diem based on Facility Rate set by the state Medicaid Nursing Home – Per Diem based on Facility Rate set by the state Medicare Nursing Home – Prospective payment based on RUG coding Medicare Nursing Home – Prospective payment based on RUG coding Medicare Rural Health Clinic – Payment per cost Medicare Rural Health Clinic – Payment per cost Physician – RBRVS based on rate per RVU Physician – RBRVS based on rate per RVU

26 Evolution of Payment Methodology Incentives! Incentives! DRG’s 1983 DRG’s 1983 APC’s 2000 APC’s 2000 Home Health Episodes 2000 Home Health Episodes 2000 Future… Value-based Purchasing; Accountable Care Organizations; Payment for outcomes vs. fee for service Future… Value-based Purchasing; Accountable Care Organizations; Payment for outcomes vs. fee for service

27 Hospital Service Mix

28 Outpatient Service Mix

29 Revenue Payer Mix

30 Other Operating Revenue Cafeteria Revenue Cafeteria Revenue Medical Records Revenue Medical Records Revenue Rental Revenue Rental Revenue Outreach Revenue Outreach Revenue

31 Non-Operating Revenue Interest Interest Gains and Losses on Fixed Assets and Joint Ventures Gains and Losses on Fixed Assets and Joint Ventures Grants & Charitable Donations Grants & Charitable Donations

32 Operating Expenses Staffing – Salaries, Benefits, Professional Fees Staffing – Salaries, Benefits, Professional Fees Supplies & Other – Medical and Non-Medical Supplies, Purchased Services, Insurance, Utilities, Repair & Maintenance, Lease & Rental Supplies & Other – Medical and Non-Medical Supplies, Purchased Services, Insurance, Utilities, Repair & Maintenance, Lease & Rental Depreciation Depreciation Interest Interest Bad Debt Bad Debt Other Expense – Postage, Travel, Dues & Subs, Taxes Other Expense – Postage, Travel, Dues & Subs, Taxes

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34 Operating Expenses

35 The Balance Sheet The Statement of Financial Position or Balance Sheet is a snapshot of the financial position of the organization at a specific point in time. It can tell us a lot about the financial health of the business.

36 Assets Short Term Short Term Cash and Investments Cash and Investments Accounts Receivable – gross vs. net Accounts Receivable – gross vs. net Other Receivables – Third Party Payers, Non-patient receivables Other Receivables – Third Party Payers, Non-patient receivables Inventory Inventory Prepaid Expenses Prepaid Expenses Long Term Long Term Property Plant & Equipment – at cost less accumulated depreciation Property Plant & Equipment – at cost less accumulated depreciation Other Assets – Restricted assets, Joint Ventures, Intangibles, such as good will Other Assets – Restricted assets, Joint Ventures, Intangibles, such as good will

37 Liabilities Short Term Short Term Accounts Payable Accounts Payable Accrued Compensation Accrued Compensation Other Accrued Expenses Other Accrued Expenses Line of Credit Line of Credit Current Portion of Long Term Debt Current Portion of Long Term Debt Long Term Long Term Mortgage & other Long Term Debt Payable Mortgage & other Long Term Debt Payable Capital Leases Capital Leases

38 Net Assets or Fund Balance This is the equivalent of “equity” in a non-profit Unrestricted Fund Balance Unrestricted Fund Balance Restricted Fund Balance Restricted Fund Balance Current Year’s Operations Balance, if interim Current Year’s Operations Balance, if interim

39 CASH – What really keeps the hospital ticking!

40 The importance of monitoring cash flows While Revenues and Expenses offer an excellent assessment of the financial outcome of operations, the bottom line is not directly indicative of real-time financial performance, since most revenues are not collected at the time of service, most expenses are not paid when incurred and non-cash expenses, while important, do not have a direct impact on our financial resources While Revenues and Expenses offer an excellent assessment of the financial outcome of operations, the bottom line is not directly indicative of real-time financial performance, since most revenues are not collected at the time of service, most expenses are not paid when incurred and non-cash expenses, while important, do not have a direct impact on our financial resources

41 The Revenue Cycle

42 Sources of Cash Collection of Accounts Receivable Collection of Accounts Receivable Cash Services Cash Services Investment Income Investment Income Sale of Assets Sale of Assets Financings Financings Unrestricted Donations Unrestricted Donations Capital Contributions Capital Contributions

43 Applications of Cash Payments to Employees of Accrued Compensation Payments to Employees of Accrued Compensation Payments to Suppliers of Accounts Payable Payments to Suppliers of Accounts Payable Payments to Lenders for Principal and Interest Payments to Lenders for Principal and Interest Purchase of Fixed Assets Purchase of Fixed Assets Investments Investments

44 Statement of Changes in Cash Net Income (Loss) Results of Operations Net Income (Loss) Results of Operations Add back Non-Cash Expenses (Depreciation, Amortization) Add back Non-Cash Expenses (Depreciation, Amortization) Identifies sources & uses of cash during the accounting period to explain the change in the cash balance Identifies sources & uses of cash during the accounting period to explain the change in the cash balance

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46 Accounts Receivable Analysis Increased Accounts Receivable is a drain on cash flow Increased Accounts Receivable is a drain on cash flow Optimizing the “Revenue Cycle” means capturing charges, generating bills and collecting from payers as quickly as possible, so that the resulting cash can be used to fund operations Optimizing the “Revenue Cycle” means capturing charges, generating bills and collecting from payers as quickly as possible, so that the resulting cash can be used to fund operations Accounts cannot be collected until they are billed Accounts cannot be collected until they are billed

47 Accounts Receivable Analysis Report Breakdown by Patient Type (Inpatient, Outpatient, SNF) with prior month comp Breakdown by Patient Type (Inpatient, Outpatient, SNF) with prior month comp Breakdown by Payer Type (Medicare, Medicaid, Commercial, Self Pay) with prior month comparison Breakdown by Payer Type (Medicare, Medicaid, Commercial, Self Pay) with prior month comparison Aging of Accounts Receivable Aging of Accounts Receivable Unbilled Accounts Receivable Unbilled Accounts Receivable Gross Days A/R Outstanding w/ prior month comparison Gross Days A/R Outstanding w/ prior month comparison Revenue and Revenue Day Equivalent Revenue and Revenue Day Equivalent

48 Days Revenue in Accounts Receivable Outstanding Total Accounts Receivable / Average Revenue per day Total Accounts Receivable / Average Revenue per day This is a measure of how many days it takes to collect patient accounts, on average This is a measure of how many days it takes to collect patient accounts, on average This will vary by payer and type of service This will vary by payer and type of service Medicare will pay a clean bill in 14 days Medicare will pay a clean bill in 14 days Private Pay nursing home accounts are generally paid in advance Private Pay nursing home accounts are generally paid in advance Self pay bills may take several months to a year (or more) to be paid off Self pay bills may take several months to a year (or more) to be paid off

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50 Questions to ask about Accounts Receivable Performance How many days unbilled? How many days unbilled? What action have we taken to manage/optimize our revenue cycle? What action have we taken to manage/optimize our revenue cycle? Monitor physician chart completion Monitor physician chart completion Monitor transcription and coding turnaround Monitor transcription and coding turnaround Electronic billing Electronic billing Ensure clean claims Ensure clean claims Collection practices Collection practices

51 Labor Productivity Analysis Helps to analyze and justify variances in labor cost by relating labor cost to service volume or other relevant statistics Helps to analyze and justify variances in labor cost by relating labor cost to service volume or other relevant statistics Overtime Hours by department Overtime Hours by department Non-Productive Hours (PTO, Vacation, Sick Leave) Non-Productive Hours (PTO, Vacation, Sick Leave) “Target” is actual units of service x budgeted hours per unit “Target” is actual units of service x budgeted hours per unit Efficiency measures actual hours per unit of service to budget Efficiency measures actual hours per unit of service to budget Productive % measures worked hours compared to total paid hours Productive % measures worked hours compared to total paid hours

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53 How are we doing? How are we tracking against our budget? How are we tracking against our budget? Ratio Analysis Ratio Analysis

54 Ratio Analysis Ratio analysis is a technique used in both financial statement and operating indicator analyses Ratio analysis is a technique used in both financial statement and operating indicator analyses It combines values from the financial statements (and elsewhere) to create single numbers that It combines values from the financial statements (and elsewhere) to create single numbers that Have easily interpretable financial significance Have easily interpretable financial significance Facilitate comparisons Facilitate comparisons

55 Using Ratios A single ratio value has little meaning A single ratio value has little meaning One point in time may not be representative One point in time may not be representative We can’t judge whether it is good or bad We can’t judge whether it is good or bad Two techniques are commonly used Two techniques are commonly used Trend – Time series analysis Trend – Time series analysis Comparative – Cross Sectional analysis with comparisons to industry benchmarks and peers Comparative – Cross Sectional analysis with comparisons to industry benchmarks and peers

56 Ratios help to identify Questions to ask Questions to ask Issues to address Issues to address Problems to solve Problems to solve They do not necessarily provide Answers Answers Explanations Explanations Solutions Solutions *That’s the job of management!

57 Profitability Indicators Measure the ability to generate the financial return required to replace assets, meet financial obligations, meet increases in service demands, and compensate investors (or in the case of a nonprofit, build reserves for stability & growth Measure the ability to generate the financial return required to replace assets, meet financial obligations, meet increases in service demands, and compensate investors (or in the case of a nonprofit, build reserves for stability & growth Total margin, cash flow margin, return on equity, operating margin, debt service coverage Total margin, cash flow margin, return on equity, operating margin, debt service coverage

58 Liquidity Indicators Measure the ability to meet cash obligations in a timely manner Measure the ability to meet cash obligations in a timely manner Current ratio, Days cash on hand, Days Revenue in Accounts Receivable, Days in Accounts Payable Current ratio, Days cash on hand, Days Revenue in Accounts Receivable, Days in Accounts Payable

59 Capital Structure Indicators Measure the extent of debt and equity financing Measure the extent of debt and equity financing Equity financing, debt service coverage, long-term debt to capitalization Equity financing, debt service coverage, long-term debt to capitalization

60 Sources of Comparative Information Finding a suitable comparison – Peer groups, similar facilities (type, size, service mix, location) Finding a suitable comparison – Peer groups, similar facilities (type, size, service mix, location) Moody’s and other Debt Rating Agencies Moody’s and other Debt Rating Agencies Healthcare Financial Management Association Healthcare Financial Management Association MHA Databank MHA Databank National CAH Flex Team Benchmarking National CAH Flex Team Benchmarking

61 61 Flex Monitoring Team CAH Financial Indicators Report

62 Beyond the numbers… Understand your Hospital’s Operating environment and its impact on the financial picture Understand your Hospital’s Operating environment and its impact on the financial picture External environment – economic, regulatory, human resource, payers, competition, investment performance, donor support External environment – economic, regulatory, human resource, payers, competition, investment performance, donor support Internal environment – management control, staff vacancies, case mix, payer mix, physician practice patterns Internal environment – management control, staff vacancies, case mix, payer mix, physician practice patterns

63 Environmental Analysis (cont) Retrospective Retrospective How do environmental factors help to explain past financial performance? How do environmental factors help to explain past financial performance? Proactive Proactive Anticipating change in the environment and its associated impact on future performance Anticipating change in the environment and its associated impact on future performance Taking action to minimize negative influences and maximize opportunities presented by positive change Taking action to minimize negative influences and maximize opportunities presented by positive change Planning! Planning!

64 The Budget A budget is an operating plan expressed in dollar amounts that acts as a road map to carry out an organization’s objectives, strategies and assumptions. A budget is an operating plan expressed in dollar amounts that acts as a road map to carry out an organization’s objectives, strategies and assumptions. Translating operating plans and assumptions into their expected financial results ensures those plans and assumptions are financially realistic Translating operating plans and assumptions into their expected financial results ensures those plans and assumptions are financially realistic

65 Budget Process Based on the Strategic Plan Based on the Strategic Plan Allows adequate time for staff and board input, review and approval Allows adequate time for staff and board input, review and approval Has some basis in current year’s results Has some basis in current year’s results Provides for department level involvement Provides for department level involvement and accountability and accountability

66 Current Trends in Healthcare Finance & Reimbursement The “unsustainable” cost curve The “unsustainable” cost curve Spending on Healthcare as a Percentage of GDP, 1966 – 2005 Source: Congressional Budget Office (2007)

67 Current Trends in Healthcare Finance & Reimbursement Projected Spending on Health Care as a Percentage of GDP, Source: Congressional Budget Office (2007)

68 Current Trends in Healthcare Finance & Reimbursement Sources of Projected Growth in Spending on Medicare & Medicaid Source: Congressional Budget Office (2007)

69 Current Trends in Healthcare Finance & Reimbursement A growing emphasis on “VALUE” A growing emphasis on “VALUE” “Value is defined as the relationship of quality to cost. High quality at inappropriately high cost does not produce value. Likewise, low quality at low cost also does not produce value. Relentlessly driving toward both high quality and low cost is what produces value. Given our current environment, it is critical for healthcare organizations to make achieving value a key strategy.” “Value is defined as the relationship of quality to cost. High quality at inappropriately high cost does not produce value. Likewise, low quality at low cost also does not produce value. Relentlessly driving toward both high quality and low cost is what produces value. Given our current environment, it is critical for healthcare organizations to make achieving value a key strategy.” --Dick Clarke, HFMA President (2009)

70 Current Trends in Healthcare Finance & Reimbursement Consumer Driven Health Care Consumer Driven Health Care Empowered consumers Empowered consumers Widespread availability of information Widespread availability of information Third party payer scrutiny – RAC Audits Third party payer scrutiny – RAC Audits Never Events Never Events

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72 From the OIG Adverse Events Report Studied representative sample data in one month of 2008 to extrapolate annual estimates Studied representative sample data in one month of 2008 to extrapolate annual estimates 1 in 7 Medicare beneficiaries admitted to a hospital is harmed 1 in 7 Medicare beneficiaries admitted to a hospital is harmed Adverse events add $4.4 Billion to government health care cost annually and contribute to the deaths of 180,000 patients each year Adverse events add $4.4 Billion to government health care cost annually and contribute to the deaths of 180,000 patients each year Most adverse events are preventable Most adverse events are preventable

73 Patient Protection & Affordable Care Act (PPACA) Healthcare Reform using “Healthcare Payment Reform” as incentives Healthcare Reform using “Healthcare Payment Reform” as incentives Intended to drive a shift from “fragmented care” to “coordinated care” Intended to drive a shift from “fragmented care” to “coordinated care”

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76 Trends in Healthcare Finance & Reimbursement Payment for Outcomes vs. Services Payment for Outcomes vs. Services “You may regard as a Utopian dream my hope to see all our hospitals devoting a reasonable portion of their funds to tracing the results of the treatment of their patients and analyzing these results with a view to improving them. You may prefer to ponder over the voluminous discussions now appearing in our journals and in the lay press about the pros and cons for state medicine and who is to pay the cost of medical care. I read these discussions, but they seem to be futile, until our hospitals begin to trace their results.”--E. A. Codman, 1935 “You may regard as a Utopian dream my hope to see all our hospitals devoting a reasonable portion of their funds to tracing the results of the treatment of their patients and analyzing these results with a view to improving them. You may prefer to ponder over the voluminous discussions now appearing in our journals and in the lay press about the pros and cons for state medicine and who is to pay the cost of medical care. I read these discussions, but they seem to be futile, until our hospitals begin to trace their results.”--E. A. Codman, 1935

77 Trends in Healthcare Finance & Reimbursement Reduced ability to “cost shift” Reduced ability to “cost shift” With health care reform, more people will have coverage under government programs which traditionally do not cover the full cost of care, due to the expansion of coverage and the aging of the population With health care reform, more people will have coverage under government programs which traditionally do not cover the full cost of care, due to the expansion of coverage and the aging of the population Coverage expansion & access to services Coverage expansion & access to services Shortage of primary care providers Shortage of primary care providers Adequate supply of facilities & services Adequate supply of facilities & services

78 “Changing Economics in an Era of Healthcare Reform” “As health systems prepare for healthcare reform, they are focusing significant resources on developing accountable care organizations and medical homes and on preparing for bundled payments and population-based reimbursement. However, current economic trends combined with an analysis of the impact of key healthcare reform initiatives will require health systems to take significant cost out of their systems to maintain positive financial performance. Few organizations have the culture or the expertise to implement a cost-reduction effort of this magnitude.” “As health systems prepare for healthcare reform, they are focusing significant resources on developing accountable care organizations and medical homes and on preparing for bundled payments and population-based reimbursement. However, current economic trends combined with an analysis of the impact of key healthcare reform initiatives will require health systems to take significant cost out of their systems to maintain positive financial performance. Few organizations have the culture or the expertise to implement a cost-reduction effort of this magnitude.” --Nathan S. Kaufman, Managing Director, Kaufman Strategic Advisors, LLC (Journal of Healthcare Management, January/February, 2011)

79 Questions?

80 Helpful Resources A Community Leader’s Guide to Hospital Finance A Community Leader’s Guide to Hospital Finance nce.pdf nce.pdf Guidestar: Data on non-profits including IRS F990 info Guidestar: Data on non-profits including IRS F990 info Montana Attorney General Report on Montana’s Hospitals and Charitable Purpose Montana Attorney General Report on Montana’s Hospitals and Charitable Purpose lreport2010.pdf lreport2010.pdf

81 More Resources Databank: Financial data repository for all hospitals across the state of Montana; ability to print comparative reports for your hospital to various peer groups, all hospitals in the state, and selected hospitals Databank: Financial data repository for all hospitals across the state of Montana; ability to print comparative reports for your hospital to various peer groups, all hospitals in the state, and selected hospitals Flex Monitoring Team: Comparative financial data on CAH hospitals with trending Flex Monitoring Team: Comparative financial data on CAH hospitals with trending *Hospital specific reports for CAH accessible by CEO & CFO *Educational resources – how to read the reports and interpret ratios & comparative data Rural Assistance Center: Various resources, publications and funding information related to rural health Rural Assistance Center: Various resources, publications and funding information related to rural health

82 More Resources Information on healthcare reform & finance Information on healthcare reform & finance Healthcare Costs & Spending Healthcare Costs & Spending 1.shtml 1.shtml Adverse Events in Hospitals Adverse Events in Hospitals

83 Contact Me Carla Neiman, CFO Carla Neiman, CFO Clark Fork Valley Hospital Clark Fork Valley Hospital P. O. Box 768 P. O. Box 768 Plains, MT Plains, MT (406) (406)


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