1. Diversify revenue sources
Scaling up can help health systems create advantages. Diversifying revenue, sharing resources across multiple geographic locations and accelerating partnerships with disruptors are all ways to scale up revenue.
2. Accelerate the move to value-based payments
By 2022, value-based payments are expected to grow to $1.4 trillion. Alternative payment models are also set to expand, so shifting to them will help prepare health systems for the future.
3. Invest in front-line staff
Providing competitive wages, strong benefits and flexible career ladders will help attract and retain talent amid the labor shortage. Supporting the front-line workforce should be a priority moving forward, as well as improving diversity, equity and inclusion.
4. Increase financial resiliency
Focus on long-term financial resiliency by launching productivity programs, pursuing alternative and diversification strategies, and evaluating scale and growth opportunities.
5. Expand role in the community
To build on trust that the public has toward healthcare professionals, expand community programs. Work on increasing access to healthcare and reducing health inequity in the community to make a positive change.
6. Accelerate digital solutions
Digital capabilities can enhance decision-making and increase adaptability for future challenges. Harnessing digital technology and automation can increase performance and efficiency.
