Health care CFOs are embracing more comprehensive approaches to improve profitability
Deloitte Insights
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Contributed by: Nayan Patel
Summary
Health care finance leaders are focusing on several key strategies to enhance profitability but may be overlooking more impactful areas such as optimizing product and service mixes, which less than a third prioritize. Health systems can benefit from scaling innovative care models like digital twins and virtual health, while plans should explore growth and diversification beyond traditional business lines. Forming alliances and ecosystems, though underutilized, could boost growth and efficiency, despite regulatory hurdles. Outsourcing and offshoring offer significant cost-saving potential yet remain low priorities. Lastly, although investment in digital and AI technologies is on the rise, particularly among health plan CFOs, leveraging these technologies as immediate margin drivers is viewed with caution due to implementation challenges and skill shortages.
