The failure of AHERF: 5 important lessons.
Important lessons from AHERF's downfall: Strong governance and oversight of management are needed to ensure accountability; Disciplined growth strategies need to be supported by rigorous financial planning and feasibility analysis; Physician integration is critical to grow market share, but needs to be methodical and measured; Robust information systems are necessary to manage costs, maximize revenue, and provide differentiation in quality and clinical outcomes; Disclosure of the financial performance of all of a health system's operations creates greater transparency and builds credibility.
Goldstein
Lisa
L
Moody's Investors Service Public Finance Group, New York, NY, USA. lisa.goldstein@moodys.com
D016361:Bankruptcy / Q000191:economics*; D017598:Efficiency, Organizational / Q000191:economics*; D005377:Financial Management, Hospital / Q000458:organization & administration*; D005582:Foundations / Q000191:economics* / Q000458:organization & administration; D007857:Leadership; D009096:Multi-Institutional Systems / Q000191:economics / Q000458:organization & administration*; D010414:Pennsylvania