Hospital outlines three-part plan: hiring, refinancing and foundation support
Hospital leaders presented a three-legged strategy — hiring a finance director with critical-care billing experience, converting short-term credit into long-term financing, and boosting the foundation reserve — as the path to financial viability.
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Presenter described a three-part plan to stabilize operations: hire a finance director skilled in critical-care coding and billing, resolve short-term credit and payables, and build foundation reserves to smooth timing between service and payment. "The 1st leg of it was, you know, getting getting a finance director in that that knows critical care hospitals," the Presenter said.
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