Providing Financial Stability
CMC will allocate resources to achieve the mission and accomplish goals.
Why is this important?
Patients, their families and CMC are concerned about the affordability of care. Healthcare Reform, changes in reimbursement and economic challenges are forcing patients and providers to make decisions that impact how care is delivered. CMC needs to leverage its resources and fundamentally change their allocation to guarantee patients the service and care they need and expect. Ensuring strong capabilities and stable financial performance will help CMC continue its Mission and Vision of providing exceptional care to the community.
How will we accomplish this?
-Use limited healthcare dollars wisely throughout a patient’s entire episode of care
-Eliminate non-value added treatments and activities
-Adopt and accelerate reimbursement models and delivery system reforms involving risk-sharing based on quality outcomes and appropriately managing patient’s care (ACOs, bundled payments, medical homes)
-Manage costs in-line with Medicare reimbursements
How will we know we are succeeding?
-The maintenance of a positive, constant operating margin
-Increases in the value of key services (quality and cost)
-The achievement of shared savings or financial gains from performance based contracts
-Reductions of healthcare expenses per episode of care