"No margin, no mission" is the well-known industry axiom attributed to the late Sister Irene Kraus, a health care leader who understood and was unafraid to draw a straight line between financial outcomes and clinical performance. Then, providers needed a healthy bottom line to keep patients healthy. Today, as the industry shifts to value-based reimbursement models, that connection is just as important. But now, providers need to keep patients healthy if they want a healthy bottom line.
Focus Ahead for Better Health: Conquering Margin Improvement in a Changing Environment. The e-book gives provider executives insights on where in their organizations they can find the best opportunities to improve their profit margins. Eighteen industry experts interviewed for the report identified five areas and offered tips on mining those areas for additional revenue and lower operating expenses.
Below are pieces of strategic advice from eight McKesson reimbursement experts cited in the e-book.