Download pdf - Patient Financial Services: How Healthcare CFOs View Growth Prospects

Patient Financial Services

How Healthcare CFOs View Growth Prospects

Patient Financial ServicesPatient Financial ServicesPatient Financial ServicesPatient Financial Services

� 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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� 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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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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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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� 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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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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THANK YOU

STRONG STABLE STRATEGIC

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

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