Steve Vance, MBA, FHFMA

MBA, FHFMA, Senior Vice President, Professional Services

Steve Vance joined Health Catalyst as a Senior Vice President, Professional Services after nearly 25 years’ experience at Intermountain Healthcare where he most recently served as the Regional Chief Financial and Compliance Officer for Intermountain’s Southwest Region. Vance also served as the Director of Strategic Planning in the same region and has worked with advancing numerous financial and clinical process improvement efforts during his career at Intermountain Healthcare. He holds a Bachelor’s degree in Accounting from Brigham Young University and an MBA from Oregon State University.

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An Effective Financial Response to COVID-19: Three Ways to Leverage Data

With COVID-19 presenting unprecedented challenges, health systems are struggling to financially survive. With little data about the novel coronavirus, traditional financial approaches that rely on historical information are not sufficient. However, organizations can get back on the road to financial recovery and well-being by practicing three key strategies centered around data:

1. Prioritize access to real-time data.
2. Understand data at a deeper level.
3. Realize margin and cost by service line.

Leveraging data allows financial healthcare leaders to effectively manage the COVID-19 challenges and prepare their health systems for future obstacles.

How Healthcare Cost-Per-Case Improvements Deliver Big Bottom-Line Savings

As health systems face more pressure than ever to deliver cost savings, they’re turning their attention to cost-per-case improvement projects. These strategies can produce quick wins for improvement teams looking to gain momentum and buy-in. This article addresses the following topics:

1. How to identify areas of opportunity.
2. The importance of costing accuracy.
3. Four strategies for implementing cost-per-case improvement projects.
4. Example projects for new teams.
5. How to sustain results.

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