Jade Gong, MBA, RN, vice president of strategic initiatives at HDG, and Richard Burke, MA, MBA, president of senior care services at Fallon Community Health Plan in Worcester, Mass. co-authored an article that recently appeared in Advance for Long-Term Care Management. The article, Going the Distance, addressed ways PACE leaders can remain financially strong during this financial storm, with a focus on seven key considerations:
- Proactively reinforce and monitor doing the basics well.
- Top-line revenue must reflect participant acuity.
- Manage utilization of medical services with a best practices approach.
- Scrutinize the appropriateness of expenditures.
- Understand the unit costs of your medical expenses.
- Seek opportunities to leverage technology.
- Create an operations management dashboard.
Click here to read the complete article (requires a free account to access).
Leave a Reply