Rescue Sinking Health System Finances
Updated: Oct 10
David Capone | DCCS Financial Advisory Services
With fewer COVID admissions and no COVID Subsidies, health systems are getting their first real look at true bottom-line financial results.
Most are finding that the ship is quickly taking on water and immediate action is needed.
DCCS Phased Work Plan Approach to Financial Stability
DCCS's Phased Work Plan Approach allows for proper analysis, implementation, and communication to achieve sustainable success.
Assessment Phase
DCCS produces a master list of potential opportunities, both operational and financial, including high-level estimates of impact on annual profitability.
Work Plan Development Phase
DCCS builds an Enterprise Level Work Plan to include initiatives that allow for a multifaceted "campaign" approach to financial stability
Implementation Phase
DCCS supports the alignment of workflow processes and assists with coordination and communication to ensure that each initiative is successful.
Results/Realization Phase:
DCCS provides one-on-one support to managers and continues to track monthly results to assure the health system maintains corrections.
