Press release from Business Wire
Conifer Health Solutions® Advises Balanced Approach to Sustain Profitability on the Road to Accountable Care
<p class='bwalignc'> <i>Single-Source Partnership, Population Health & Business Intelligence Take Center Stage At HFMA ANI 2014</i> </p> <p class='bwalignc'> </p>
Friday, June 27, 2014
Conifer Health Solutions® Advises Balanced Approach to Sustain Profitability on the Road to Accountable Care16:38 EDT Friday, June 27, 2014
FRISCO, Texas (Business Wire) -- A host of new surveys released to coincide with Healthcare Financial Management Association's 2014 Annual National Institute (HFMA ANI), confirms that most hospitals, health systems and large physician groups expect the transition to value-based care to have an adverse impact on profitability. Notwithstanding survey predictions, Conifer Health Solutions advised HFMA ANI attendees that reductions in profits are avoidable if they collaborate with single-source partners capable of delivering comprehensive solutions to support every phase of healthcare transformation.
“The successful transition from fee-for-service to fee-for-value requires a simultaneous focus on operational fundamentals and data-driven, long-range planning. Choosing an experienced, single-source partner to support your organization's transition means more accountability, that key objectives are clearly managed and that progress and results are measured,” said Stephen Mooney, president and CEO of Conifer Health Solutions.
In addition to the shift to value-based care, Conifer Health experts were on hand at HFMA ANI to discuss financial management services that increase yield and enhance the patient experience. “In the short term, the priority should be revenue management services that accelerate the influx of cash to support the existing fee-for-service model,” said Mooney. “At the same time, finance leaders should vet enterprise-wide strategies driven by analytics and business intelligence to build the foundation to take on complicated, risk-bearing payment models in the future.” Mooney also observed that providers are examining methods to engage consumers to increase brand recognition and loyalty.
“Consumerism combined with population health management, clinical integration and business intelligence will drive future healthcare delivery,” noted Mooney. “Partners that bring holistic solutions to support transformation, while incorporating consumer-oriented services, stand to gain the most going forward.”
Conifer Health was a returning sponsor of HFMA ANI 2014, which concluded on June 25, 2014. Visit http://coniferhealth.com, follow @ConiferHealth or see #ANI2014 on Twitter for a recap of news and photos from the conference.
The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With healthcare finance executives and leaders, HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry. From addressing capital access to improved patient care to technology advancement, HFMA is an indispensable resource on healthcare finance issues. www.hfma.org
About Conifer Health Solutions
Conifer Health Solutions is a healthcare services company helping more than 700 clients strengthen their financial performance, transition from volume to value-based care and enhance the consumer and patient healthcare experience, with the goal of improving quality and access to healthcare, while controlling costs. Conifer Health has more than 19 million patient interactions across all service lines, manages more than $25 billion in patient revenue and $17 billion in medically managed spend; and provides technology and health management services to support care management for more than 4 million lives, annually. For more information, visit coniferhealth.com or follow @coniferhealth on Twitter.
Conifer Health Solutions
Sharon Lakes, 469-803-3654