Learn about Healthcare Financial Management Solutions
As we finally begin to see the light at the end of the COVID-19 tunnel, I want to again thank all healthcare workers and the organizations we work with for your heroic efforts over these last 16 difficult months. On behalf of everyone at PNC and PNC Healthcare, you have our most heartfelt gratitude.
Now as the dust settles from the pandemic, healthcare organizations face a combination of new and recurring challenges — as well as potential opportunities. Understanding the emerging landscape can be the key to more effective and successful decision-making in both the short and long term. We look at some of the keys to navigating that landscape in this edition of our Healthcare Matters newsletter, including:
At PNC Healthcare, we understand how rapidly and drastically the world around our clients can change. Through the Healthcare Matters newsletter, our goal is to help you make sense of the landscape as it exists today and as it continues to evolve — so that you can continue to make the best decisions for your people and your organization.
Cutting-Edge Trends: Unpacking Their Potential.
How you can benefit from the latest investment strategy
Exploring the benefits of optimizing an operational liquidity strategy for your healthcare organization in a challenging rate environment.
Exploring the financial challenges of family healthcare from the perspective of women.
Reimagining the Patient Experience in 2020 and Beyond
COVID-19 created a demand for a safe, secure patient experience. As a result, patient-facing advancements, once viewed as futuristic, are becoming the new normal.
Help Unlock the Full Financial Potential of Health Savings Accounts
As High Deductible Health Plans become more popular, knowing the opportunities provided by an HSA can help benefit employees and employers alike.
Do Credit Ratings Matter? Simply Put, Yes.
Although influenced by biases, credit ratings can and do affect healthcare organizations. See what these organizations can do to receive better ratings.
Diversity & Inclusion in Focus…Doing the Right Thing
In 2020, acts of racial injustice intensified the need for social change. Discover how and why leaders in the healthcare industry are making diversity & inclusion a top priory.
Telehealth: Proving its Value in the COVID-19 World
Senior professionals from Harris Williams explore developments that make the growing telehealth industry a compelling investment.
The Benefits of Employee Financial Wellness in Healthcare
Explore how improving financial security can help you reduce workforce volatility and replacement costs, improve patient satisfaction and build a healthier bottom line.
Protecting Your Organization from Fraud during Business Disruption
During this stressful period, more fraud schemes are taking advantage of the news headlines to prey on natural human anxieties. Learn to recognize some of the more common and dangerous attempts and know what to do and what not to do.
Do Relationships Really Matter?
A conversation with Brian Kelly reveals that PNC views a banking relationship as no different from a strong, healthy personal relationship that requires work on the part of both parties to build and grow. It’s a two-way street.
Tactics to Strengthen Your Organization in Trying Times
Reducing check use and adopting electronic payment solutions such as RTP®, ACH and mobile apps can improve your business resiliency.
Strategies for Addressing Pension Market Headwinds
A sharp decline in equity markets coupled with falling discount rates led to potential double digit declines in funded ratios for plans with sizeable equity allocations. A borrow-to-fund strategy should be analyzed as one approach to reducing overall cash expense and balance sheet volatility.
Consumers Increasingly Worried about Healthcare Costs
A recent survey by AccessOne suggests that offering flexible payment plans may benefit providers while easing patient concerns.
The Value of a Holistic Approach to Investment Management for Healthcare Providers
Demand for health services continues to rise steadily, with spending becoming an increasingly larger portion of national expenditures.
Video: Healthcare Solutions for Providers and Payers
Each member of our team has a singular focus on healthcare and many have walked in your shoes. Employing individuals who have experience in the industry is one way PNC demonstrates how dedicated we are to helping you meet today’s intense challenges.
How Might Economic Uncertainty Affect Your Balance Sheet?
An economic downturn can have significant effects on your balance sheet. Find out how best to manage key resources in light of declining margins to maintain liquidity while investing in fundamental strategic and capital needs.
A Proactive Approach to Denials Management and Collections
Few, if any, healthcare organizations are free from the growing challenge of denials. However, this should not be used as an excuse to allow denials to occur. The approach should be to understand why they occur, identify root causes, and then act to do something about them.
Today’s challenging healthcare environment places greater demands on the investments you make to support your mission. Here are some practical tips to help you harness your resources and overcome common problems.
How to Maximize Returns on Your Physician Integration Strategy
As the industry moves towards a value-driven care delivery model, health systems and physicians are integrating to deliver an improved patient experience and ultimately improve quality and value. These strategies come with a cost but can be managed to meet the needs of all stakeholders.
Healthcare Transparecy: A Trickle Could Become a River
Many agree that price transparency is imperative. Over the next few years, we could see a restructuring of incentives, updating of pricing structures and even changes in recommended therapies to support the drive for value and higher quality results.
Addressing Pension Risk Mitigation: Strategies For 2019
Given recent changes to the interest rate outlook, is your organization reconsidering its approach to funding pension obligations? It may be better to review liabilities and have a long-term plan in place for whatever course of action you choose to take. Here are three strategies that can help improve outcomes.
Is This Time Different? 3 Takeaways From the Volatility in the Current Interest Rate Market
Following a 10- year consensus that interest rates will rise, now the broader market cannot coalesce around a prediction. Here’s help in understanding how rate fluctuations affect your balance sheet, how to manage through the rate cycle, and how to prepare to take advantage of market opportunities.
Collaboration to Establish Blockchain-based Ecosystem for the Healthcare Industry
Aetna, Anthem, Health Care Service Corporation (HCSC), PNC Bank and IBM have announced a new collaboration to design and create a network using blockchain technology to improve transparency and interoperability in the healthcare industry.
The information and materials were prepared for general information purposes only and are not intended as legal, tax or accounting advice or as recommendations to engage in any specific transaction, including with respect to any securities of PNC, and do not purport to be comprehensive. Under no circumstances should any information contained in these materials be used or considered as an offer or commitment, or a solicitation of an offer or commitment to participate in any particular transaction or strategy. Any reliance upon any such information is solely and exclusively at your own risk. Please consult your own counsel, accountant or other advisor regarding your specific situation. Any opinions expressed in these materials are subject to change without notice.
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Banking and lending products and services, bank deposit products, and treasury management services, including, but not limited to, services for healthcare providers and payers, are provided by PNC Bank, National Association, a wholly-owned subsidiary of PNC and Member FDIC.
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