Patient Financial Services: How Healthcare CFOs View Growth Prospects

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Patient Financial Services

How Healthcare CFOs View Growth Prospects
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Patient Financial Services
S T R O N G

• In 2012, GE Capital surveyed 92 CFOs from
  mid-market healthcare organizations on state of
  their industry
• Results indicated CFO expected revenue to grow
  but profits to be flat
• Continued pressure on profits will increase
  importance of patient financial services.
• Healthcare costs is the number one concern
  reporting 87 as the driving negativity within
  respondents

S T A B L E
S T R A T E G I C
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Patient Financial Services
S T R O N G

• Hospitals are requiring to review patient
  financial services especially revenue cycle
  management strategies
• Strong patient financial services and revenue
  cycle management are needed to overcome
  challenges
• Hospitals need to look for creative ways,
  including financing to support working capital

S T A B L E
S T R A T E G I C
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Patient Financial Services
S T R O N G

• Specific Results of the CFO Survey
• Survey provides insights into the industries
  future
• A major focus on patient financial services will
  be required in the future to achieve the highest
  levels of performance
• On economic growth majority do not expect
  upward trends. Instead they project more stable
  economic climate within next year
• Healthcare industry has promising growth prospects

S T A B L E
S T R A T E G I C
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Patient Financial Services
S T R O N G

• Specific Results of the CFO Survey
• 47 expect profits to stay flat, 25 saw
  decreases in hospitals. This trend will put a
  premium on patient financial services
• 49 project revenues will increase over the
  previous 12 months
• 46 indicated seeing moderate growth and unlikely
  experience of downsizing over next 1-3 years
• 44 anticipate new hiring over the time period of
  growth
• CFOs will turn to additional financing

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S T R A T E G I C
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Patient Financial Services
S T R O N G

• GE Capital survey provides information on trends
  likely to affect financial performance
• Pyramid Healthcare Solutions is a leading
  provider of Health Information Management and
  Revenue Cycle Services for healthcare industry
• PHS can partner with you to offer economical
  patient financial services designed to maximize
  cash collections

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S T R A T E G I C
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Patient Financial Services
S T R O N G

• About the Author
• Nav Ranajee is VP of sales and marketing for
  Pyramid Health Solutions, a provider of complete
  revenue cycle services.
• Learn more about Patient Financial Services by
  visiting http//www.pyramidhs.com/.

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S T R A T E G I C
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