4296
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Hardwired Results: Issue 15
SELF-TEST: Do your leaders speak finance?
SELF-TEST: Do your leaders speak finance?
Answer the questions below to see how you rate.
We always begin by first explaining “why,” (then “what” and “how”), when asking individuals to change behaviors to improve financial outcomes.:
Yes
No
Leaders, providers, and staff understand how strong financials link to quality clinical outcomes and a positive patient experience so we can live our mission.:
Yes
No
Leaders at all levels consistently demonstrate they understand the urgency of the external operating environment and are proactive in keeping pace with change.:
Yes
No
Our CFO, CMO, and CNO are aligned and collaborative in their pursuit of strategic priorities for our organization.:
Yes
No
We use objective physician performance goals weighted to create awareness, focus, or urgency to ensure accountability for clinical and financial outcomes.:
Yes
No
We have—or are moving towards—a blended compensation plan for physicians that aligns with organizational objectives and shifting reimbursement incentives.:
Yes
No
Our board of directors is well-informed about the transformation of the healthcare industry, specific financial challenges and opportunities in our market, and is closely tracking our plan to achieve goals.:
Yes
No
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