The old adage, “Doing more with less” has never been more relevant to the healthcare industry in the United States. Everybody wants to pay less for patient care, while achieving better clinical outcomes.
This is putting tremendous cost pressures on the healthcare ecosystem—which is, in turn, driving the industry to consolidate.
A recent HealthLeaders Media survey asked healthcare executives about their merger, acquisition, and partnership plans. Eighty-seven percent expected to explore potential deals in the next 12–18 months, or to complete deals already underway. The pressures driving all this activity include:
But how do you evaluate the potential value of a consolidation effort?
Obviously, any finance team evaluating a merger, acquisition or partnership will look at the data and run the numbers. But data alone isn’t enough. You need a finance team that that can analyze that data to identify changing business conditions in real time, evaluate potential strategies, and develop the right KPIs to measure success in the digital age.
And with the volume of business data growing exponentially, analyzing all relevant data is a tall order. Data that might be relevant today is likely to change, while new data will become pertinent as emerging technologies (like machine learning) become more widely available.
So where should CFOs and other business leaders focus?
In this webcast with Becker’s Hospital Review, we’ll take a look at relevant areas of financial reporting and analysis. You’ll learn how to:
Spend less time on data sourcing, spreadsheet wizardry, and technical changes, and spend more time evaluating potential opportunities. Learn how to put data to work for you, so that you can seize new opportunities in an era of consolidation.