HFMA January 31, 2020
At HFMA’s Financial Analytics Leadership Council’s (FALCO’s) fall meeting, a common discussion theme was the role of financial analytics in creating standardized metrics and processes that unite disparate units within a health system. For many members, a period of rapid growth in their health systems is now being followed by an emphasis on integration and realization of the efficiencies made possible through greater scale.
Service line analytics drive operational transformation
At one member’s health system, a focus on new analytics for outpatient service lines is part of a broader effort to transition the organization from a federation of divisions to a system with true sharing of best practices to eliminate unwarranted clinical variation.
Outpatient service lines have been divided into...
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