3 Ways to Use Healthcare Data Analytics & Benchmarking to Optimize Revenue
As the world struggles to contain COVID-19, U.S. hospitals are finding the pandemic amplifies existing financial challenges. Learn how to use existing data to optimize revenue.
Pressure Rising: COVID-19's Ongoing Impacts on Healthcare Labor Trends
We partnered with HFMA’s Financial Analytics Leadership Council to gather executive insights on how the pandemic is affecting labor trends. Get the insights.
Healthcare Labor Challenges Persist, Comparative Benchmarks Help Consultants Guide Recovery Efforts
The pandemic put pressure on the healthcare workforce in numerous ways, including intensifying the labor shortage. Some areas, such as outpatient settings, flexed their staffing models...
A Data-Driven Approach to Reducing Cost and Improving Clinical Quality
Hospital and health systems currently face a myriad of challenges, including managing COVID-19 impacts, adapting to value-based care, addressing emerging competitors, and continuing to...
HFMA Leaders Share 5 Challenges, Responses to Pandemic’s Financial Impact
The pandemic’s profound impact on revenue, volume, and expenses has created a unique and critical need for data and analytics. Read more about why.
Strategic Service Line Management: Maximizing Enterprise Decision Support to Improve Care Delivery
Today’s healthcare finance leaders must assess their organization’s current financial situation and evaluate how to adapt business strategies to industry demands and challenges. Leaders...
Top 5 Healthcare Finance KPIs for 2020
2020 hospital revenues — even with CARES funding — finished the year below 2019 revenues and expenses increased by 14%.
How Will You Leverage Lessons Learned and Strengthen Financial Health in 2021?
Compared to 2020, healthcare organizations in 2021 have an increased focus on: Operational efficiency Financial health Quality of care and clinical outcomes Thriving in a post-pandemic...
Rolling Forecasts, Scenario Models Inform 2021 Decision-Making
Hospitals and health systems are still working to understand the roller-coaster effects of the global pandemic, meet the needs of local markets, and chart a path forward. Finance...
Building Agility for the Unknowns Ahead
Our new report finds that healthcare leaders are more confident their organizations can adapt swiftly to unexpected changes as a result. Read more.
2021 Healthcare Financial Trends Report
Discover how your organization’s experiences and plans stack up against 180+ hospitals in our annual survey, which also shares top strategies to grow financially in a post-pandemic environment.
Top 5 Healthcare Finance KPIs: November 2020
November 2020 saw an increase in COVID-19 cases that placed new pressures on hospitals and health systems, even as executives eagerly anticipated emergency use authorization of COVID-19...
Data, Partners, and a Plan: What a CFO Needs to Succeed
When James Hackett led office furniture manufacturer Steelcase, he formulated a simple framework for leadership that encompasses the now, the near, and the far. Imagine a target with...
Top 5 Healthcare Finance KPIs: October 2020
Key performance indicators (KPIs) from October 2020 indicate a difficult winter for the nation’s hospitals and health systems amid a fast-rising increase in COVID-19 cases and ongoing...
Analyzing Clinical Data Can Improve Decision-Making During COVID-19 and Beyond
In challenging times, healthcare organizations can sustain high-value care delivery & ensure long-term financial viability by analyzing clinical data. Learn more.
Top 5 Healthcare Finance KPIs: September 2020
September 2020 measured the best full-month revenue performance since the pandemic began, but this news isn’t enough to indicate a turnaround. Read more.
As Hospital Revenue Continues to Drop and Expenses Rise, Advanced Cost Accounting Becomes More Critical
As the COVID-19 pandemic stretches on, Finance teams in hospitals and health systems continue to face unprecedented waves of challenges. Hit hard by low volumes, high per-patient costs...
Analyze Healthcare Costing Data to Support COVID-19 Recovery & Expansion
How do organizations strategize and identify new revenue streams to supplement procedures and visits that have been paused due to the pandemic?
Healthcare Agility, Part 2: 5 Steps to Seamlessly Integrate Rolling Forecasting Best Practices
Now is the perfect time to leverage financial and operational data to inform strategic decisions in your healthcare institutions. Learn how to integrate rolling forecasting in 5 steps!
How Annual Budgets and Rolling Forecasting Work Together
Annual budgets are useful in setting the plan for the upcoming year but are time-consuming to produce. Learn how rolling forecasting can help.
Scenario Planning for the Agile Healthcare Organization
The global coronavirus pandemic and resulting economic chaos significantly heightened the risk and uncertainty facing all healthcare organizations. How can your org respond?
5 Overlooked Strategies to Streamline Healthcare Financial Management
Hospitals and health systems at every stage of COVID-19 response are experiencing significant financial and operational disruptions from the pandemic. A recent American Hospital...
Becker's Chart Your Course to Recovery
Don’t face COVID-19 recovery alone. Healthcare finance experts will show you how to use Axiom software and data solutions to support pandemic recovery in this webinar recording. You’ll...
The Uncertainty Challenge: Planning Your 2021 Budget
Most healthcare providers use traditional annual budgeting processes, but the significant impacts of COVID-19 have made current budgets virtually unusable and introduced tremendous...
Costing Strategies That Help Hospitals Quantify COVID-19 Impacts
Although hospitals and health systems in most areas have shifted into recovery mode following the first pandemic wave, cost accounting for COVID-19 continues as a moving target. Read more.
Recovery with Cost Accounting and Decision Support
As hospitals and health systems seek a return to normalcy following the coronavirus outbreak, finance teams are assessing costs associated with COVID-19 care at the organizational and patient level. Advanced cost accounting and decision support capabilities can help you understand, manage, and monitor trends across all service lines.
How Can Organizations Navigate Uncertainty and Manage Liquidity Impacts?
As business realities continue to evolve, finance teams need to quickly reforecast to understand potential financial impacts across a variety of scenarios. Read more.
Why Rolling Forecasting Could Help Health Systems Recover from Revenue Losses
As health system leaders uncover the financial impact of COVID-19 , rolling forecasting provides map for identifying and responding to changes. Read more!
Healthcare Finance Leaders Share Rolling Forecasting Best Practices
Learn more about how Axiom Rolling Forecasting clients are using the software to manage the financial ramifications of the COVID-19 pandemic.
Modeling Assumptions to Consider in 4 Different COVID-19 Recovery Scenarios
he recovery planning process from COVID-19 requires healthcare leaders to coordinate assessment, forecasting, modeling, and more. Learn why financial planning software is critical.