Becker's Hospital Review

EXPANDED INFLUENCE AND VALUE Finance executives play a key role in hospital consolidation, but what happens after the deal closes? These same executives are measuring efficiency gains while integrating billing systems, processes and people. Even as they're managing operational change, they continue to address employee healthcare cost increases and working capital performance. STRATEGIES THAT DRIVE GROWTH Paying and getting paid are top priorities as financial responsibility shifts toward patients, and as healthcare legislation remains uncertain. CFOs are implementing digital payments to simplify billing and collection. Their revenue cycle teams are deploying analytics to improve patient outreach. And hospitals are formally adopting cash-reconciliation best practices. PURSUING ACTIONABLE IDEAS With increased demands on healthcare providers, the need for new financial strategies and ideas has never been greater. Even as CFOs pursue non- traditional clinical affiliations and technology to solve today's challenges, they are also reengineering critical processes within their organizations to focus on patient health, smarter care and better outcomes. " Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed. ©2017 Bank of America Corporation. ARDPN4XN 07-17-0487 Paid Advertisement Visit bofaml.com/healthcare for in-depth research and empowering insights. 62% of CFOs are anticipating new clinical partnerships Physician practices Retail health Imaging Urgent care Change management M&A Patient accounting Working capital Employee benefits Finance Credit Cash Check As healthcare organizations move from volume to value-based reimbursement, they are looking to their financial leaders to drive growth and help improve patient care. Evaluating clinical partnerships, implementing new accounting platforms and monitoring legislation are emerging as mandatory industry skills. lead healthcare innovation The power to —

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