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FinanceStrategic PlanningLife Sciences
Beware You Are Not Down Yet: Margin Pressures Will Remain Challenging in 2023
Anyone who has visited Colorado and driven down from the mountains toward Denver will recognize the title of this article. The same words of caution apply to the health care ecosystem moving into 2023. Despite the tricky financial gradient health care organizations have navigated since the onset of the pandemic, the road ahead remains challenging. Let’s break down some of the financial force...
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Payment Evolution
Will 2023 Be the Year That You Fully Embrace Value-Based Care?
For some, value-based care (VBC) is just a trendy term that replaces other expressions that have come before it (eg, population health, accountable care, managed care). It often connotes a payer contracting strategy that involves some degree of risk sharing and quality reporting, but for those providers who fully embrace it, it’s much more. VBC is a vital part of addressing the challenges th...
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Data & AnalyticsConsumer StrategyAmbulatory Strategy
If You Refer Them, They Will Come
Health care organizations are currently trying to identify opportunities for enhanced revenue streams as they continue to struggle financially due to the COVID-19 endemic—hospital margins are expected to remain below pre-pandemic levels, with more than half of hospitals projected to have negative margins. And health care leaders have long understood how patient leakage also dramatically aff...
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Payment EvolutionPolicy
Look Beyond MSSP Policy Changes for Long-term Success in Value-Based Care
It’s that time of year! CMS recently finalized a set of changes to the country’s largest alternative payment model (APM): the Medicare Shared Savings Program (MSSP). With a goal of attracting new entrants, retaining existing accountable care organizations (ACOs) and encouraging ACOs with expiring participation agreements to renew their commitment, this broad set of changes constitutes ...
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Payment EvolutionStrategic Planning
Value-Based Care Economics Are More Compatible With Fee-for-Service Models Than You Realize
Many health care delivery organizations believe fee-for-service (FFS) and value-based care (VBC) economic models are at odds with each other. Many analogies highlight this divergence—with perhaps the most popular being the illustration of an individual with one foot grounded on the dock and the other foot on a boat slowly pulling away. While this visual is powerful, it overstates the necess...
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Physician StrategyAmbulatory StrategyStrategic Planning
Physician Alignment for Successful Outpatient Procedure Shift
With the Strategy Accelerator program, efforts to strategically prioritize your physician alignment initiative take shape As internal and external pressures push care out of the hospital, health systems must identify the best clinical opportunities and local trends for expanding their ambulatory business. Innovator organizations understand there are both opportunities and vulnerabilities amid w...
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Enterprise StrategyStrategic Planning
Three Things That May Be Slowing Your Hospital's Progress Toward its Strategic Plan
Editor’s note: Shannon Stewart, Senior Consulting Director, Reliability and Management Systems, authored this post, which was originally published on Sg2’s parent company Vizient Inc’s blog. Hospitals and health systems are investing a lot of resources to thoughtfully and strategically plan how they will meet their communities’ needs in the future. They’re developing ...
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Sg2 Welcomes Consulting Principal Dr Manuel Hernandez
Sg2, a Vizient company, is pleased to announce the addition of Manuel Hernandez, MD, MS, MBA, CPE, as a Principal—Strategic Campus Planning in its consulting practice for Enterprise Strategy. “We are thrilled to welcome Manny to Sg2 Consulting. Manny brings tremendous credentials, a wealth of experience and an innate ability to connect with his clients and colleagues,” says Sg2...
Policy-Green-Blog.jpg (Original)
Health Care LandscapeEnterprise Strategy
ESG: What It Is and What It Means for Health Care
Editor’s note: Terri Scannell, Vizient Senior Social Responsibility Director, authored this post, which was originally published on Sg2’s parent company Vizient Inc’s blog. Chances are, you may have heard of a little acronym called ESG. What you may not know, however, is what it means exactly and why it’s important for healthcare. After all, the last thing we need is anoth...
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Payment Evolution
It's Time for Providers to Reevaluate Clinical and Economic Models for Value-Based Care
Environmental factors are adversely impacting provider financials and weakening providers’ positions in fee-for-service (FFS) contracting. Providers have been working to regain financial stability after pandemic-driven volume swings that were quickly followed by workforce shortages—now the health care industry can add inflation to the list of considerable challenges. These pressures have quickly ...