[RevCycleIntelligence, September 6, 2019] Healthcare CFOs need to be strategic partners, not just financial gatekeepers, for their organizations to succeed under value-based care and other new ways of doing business.
“Value-based care is the right thing to be doing from all perspectives. But it is a change from how we’re running and thinking about key metrics today,” explained Ric Magnuson, CFO of Minnesota-based Allina Health. “We still talk about how busy we are, how full we are, but under our value-based contracts, we’re looking at outcomes and consumers. You have to shift your mind from wanting every bed full in the hospital to asking about how to best care for a population.”
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