Healthcare organizations face unparalleled pressure to increase operating margins as they adapt to the revenue compression from COVID-19 and growing competition from insurers and digital disrupters. Yet, many health systems rely on outdated, revenue-centric cost accounting solutions that are ill equipped for strategic financial decision making. As a methodology for today’s complex healthcare environment, activity-based costing (ABC) can capture healthcare resource use at a granular level. With this service-level insight into clinical cost, ABC provides actionable intelligence to help organizations improve profitability and make strategic cost-reduction decisions. These comprehensive costing solutions give health systems a full understanding of cost across the care continuum—the only level of insight that will enable strategic cost transformation in the industry’s new normal.
Learn more about Robert DeMichiei
As a Board Director and retired Chief Financial Officer, I bring a diverse operational background and a record of success in delivering exemplary results at the highest levels of global business. I excel at building and leading high-performance organizations; working effectively in front of stakeholders and the media; and successfully guiding companies through complex change, regardless of the internal or market challenges.