3 Top Strategies to Diversify Your Revenue

Healthcare reimbursements continue to decline, putting pressure on healthcare system CFOs to find new revenue streams.

The need for healthcare services has skyrocketed. The cost of providing that care has gone up. But the reimbursements paid to providers has gone down. That is putting tremendous pressure on healthcare systems to stretch every dollar and to find new sources for more dollars.

These unpleasant realities were among the topics addressed by Charlton Park, CFO and chief analytics officer at the University of Utah Health, at this summer's HealthLeaders CFO Exchange. Park recently expanded on his message from that event, and shared advice on how healthcare CFOs can diversify revenue opportunities at their organizations.