Pivoting From the Pandemic: Hospitals Need to Fix Vulnerabilities, Pursue Opportunities

Pivoting From the Pandemic: Hospitals Need to Fix Vulnerabilities, Pursue Opportunities

Posted Mar 15, 2021 from
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As hospitals emerge from the pandemic, leaders need to analyze the internal processes of their respective organizations and understand the value of discipline, according to Caroline Znaniec, a managing director in the healthcare practice segment of CohnReznick LLP, a New York­–based advisory, assurance, and tax firm.

“That [dynamic] ties into cost management and governance overall, where there just weren't tight controls on the spend, how processes came to be, or even [how] providers were trying to ‘be everything to everyone.’ [Providers] were not concentrating on where they best deliver care in terms of outcomes, cost efficiency, quality, or the value proposition,” Znaniec said.

Continuing to embrace telemedicine is a strategy that health system leaders should prioritize in the long-term, according to Tim Susterich, chief provider network strategy and contracting officer at HealthBridge Financial, Inc., a health insurance company based in Grand Rapids, Michigan.

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