What outcome has been observed from increased collaboration between finance and clinical staff?

Increased collaboration between finance and clinical staff leads to better preparedness for changes from volume to value because it fosters a more integrated approach to healthcare delivery. When financial managers work closely with clinical teams, they can align financial objectives with patient care goals, ensuring that resources are allocated effectively to support quality care. This collaboration allows for more informed decision-making, as both parties can share insights and data that highlight trends and outcomes related to patient care and financial sustainability.

This alignment is critical in a healthcare environment increasingly focused on value-based care, where reimbursement models are shifting from fee-for-service to those rewarding quality and patient outcomes. By combining financial acuity with clinical expertise, organizations can innovate processes, reduce waste, and implement best practices that ultimately lead to enhanced patient care and satisfaction, while also managing costs. Thus, the partnership between finance and clinical staff equips healthcare organizations to navigate the complexities of the evolving reimbursement landscape effectively.