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Robert DeMichiei

Board Director and Strategic Advisor, Former CFO

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.

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Five Ways Activity-Based Costing Can Maximize Earnings

Surviving on thin operating margins means health systems must maximize every financial earning opportunity. To identify threats to the revenue stream, organizations need access to precise, accurate costing information. An activity-based costing (ABC) system leverages patient resource utilization data to reveal exactly how much it costs to deliver care. Unlike traditional costing systems that provide average cost estimates for services rendered, ABC includes five benefits that help systems understand the cost for every aspect of the care delivery process:

1. Comprehensive costing data.
2. Ease of use.
3. Precision and accuracy.
4. Near real-time analytics.
5. A proactive cost strategy.

The 100-Percent Solution to Improving Healthcare’s Operating Margins (White Paper)

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 Yet, many health systems rely on outdated, revenue-centric cost accounting solutions that are ill equipped for strategic financial decision making.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.

The 100-Percent Solution to Improving Healthcare’s Operating Margins

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.