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Patient Financial Services How Healthcare CFOs View Growth Prospects

Patient Financial Services: How Healthcare CFOs View Growth Prospects

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Considering the host of market dynamics affecting the healthcare industry in the coming years, expert management of patient financial services will become more crucial than ever before. During 2012, GE Capital surveyed 92 chief financial officers (CFOs) from mid-market healthcare organizations regarding the state of their industry. The results indicated CFOs expected revenue to grow but profits to be flat. Learn more about Patient Financial Services by visiting http://www.pyramidhs.com/.

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Page 1: Patient Financial Services: How Healthcare CFOs View Growth Prospects

Patient Financial Services

How Healthcare CFOs View Growth Prospects

Page 2: Patient Financial Services: How Healthcare CFOs View Growth Prospects

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� In 2012, GE Capital surveyed 92 CFO’s from mid-market healthcare organizations on state of their industry

� Results indicated CFO expected revenue to grow but profits to be flat

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grow but profits to be flat� Continued pressure on profits will increase

importance of patient financial services.� Healthcare costs is the number one

concern reporting 87% as the driving negativity within respondents

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Page 3: Patient Financial Services: How Healthcare CFOs View Growth Prospects

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� Hospitals are requiring to review patient financial services especially revenue cycle management strategies

� Strong patient financial services and revenue cycle management are needed to

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revenue cycle management are needed to overcome challenges

� Hospitals need to look for creative ways, including financing to support working capitalS

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Page 4: Patient Financial Services: How Healthcare CFOs View Growth Prospects

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Specific Results of the CFO Survey

� Survey provides insights into the industries future

� A major focus on patient financial services will be required in the future to achieve the

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will be required in the future to achieve the highest levels of performance� On economic growth – majority do not expect

upward trends. Instead they project more stable economic climate within next year

� Healthcare industry has promising growth prospects

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Page 5: Patient Financial Services: How Healthcare CFOs View Growth Prospects

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Specific Results of the CFO Survey� 47% expect profits to stay flat, 25% saw

decreases in hospitals. This trend will put a premium on patient financial services

� 49% project revenues will increase over the

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� 49% project revenues will increase over the previous 12 months

� 46% indicated seeing moderate growth and unlikely experience of downsizing over next 1-3 years

� 44% anticipate new hiring over the time period of growth

� CFO’s will turn to additional financing

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Page 6: Patient Financial Services: How Healthcare CFOs View Growth Prospects

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� GE Capital survey provides information on trends likely to affect financial performance

� Pyramid Healthcare Solutions is a leading provider of Health Information

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provider of Health Information Management and Revenue Cycle Services for healthcare industry

� PHS can partner with you to offer economical patient financial services designed to maximize cash collections

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Page 7: Patient Financial Services: How Healthcare CFOs View Growth Prospects

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About the Author

Nav Ranajee is VP of sales and marketing for Pyramid Health Solutions, a provider of

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for Pyramid Health Solutions, a provider of complete revenue cycle services.

Learn more about Patient Financial Services by visiting http://www.pyramidhs.com/.

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Page 8: Patient Financial Services: How Healthcare CFOs View Growth Prospects

THANK YOU

STRONG STABLE STRATEGIC

800.927.8435Email: [email protected] Website: www.pyramidhs.com

Trusted Revenue Cycle Partner Since 1985