Managing Finances in a Transforming Market

What are the best strategies for healthcare financial management in an industry that’s been transformed by the COVID-19 pandemic? On this episode of Owning the Future of Healthcare, host Daniel Litwin welcomed Dan Unger, Senior Vice President and General Manager for the Financial Transformation Business of Health Catalyst, for an insightful discussion about implementing and sustaining value-based care systems.

According to Unger, healthcare financial management deals with the business side of healthcare in two major domains; accounting for measuring and documenting and financial planning and budgeting. “Budgeting is the group that supplies tools and analysis that help clinical and operational leaders make better financial decisions,” Unger said.

The high-level activities of healthcare financial planning involve forecasting and planning, financing options, deciding whether to lease or buy, what type of debt to raise, cost accounting, contract management and revenue cycles.

During the pandemic, healthcare saw lower volumes than usual, and managing costs has taken center stage over the last year.

Effective financial management is essential to running a sustainable healthcare operation, and Unger has meaningful insights into the pitfalls and best practices of those activities. Whether it’s using analytics to assess the revenue cycle or finding operational improvement for efficiency and cost containment, Unger knows the business inside and out and recommends several strategies for effective financial management in the post-COVID world.

Innovations in remote care and telemedicine have brought new competitors to the market that challenge some of the traditional practices in the healthcare industry. What can healthcare operations do to remain competitive in a changing world while managing margins and lower volumes?

It begins with flexibility, according to Unger, and the need for strategic investments.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

influencer partnerships
Moving Beyond Social Media Buzz: How Authentic Content & Long-Term Influencer Partnerships Can Drive Hotel ROI
July 30, 2025

Influencer marketing is rapidly changing, and many hotels are still figuring out how to tap into its full potential. As travelers demand more authentic and relatable content, the pressure is on for hotels to adapt their marketing strategies. But with skepticism around the true ROI of influencer partnerships, it’s more important than ever for brands…

Read More
workforce
Building a Future-Ready Workforce: With Traditional Training Models Failing, It’s Time for Employers and Educators to Build Solutions Together
July 30, 2025

In an era where the average job tenure in the U.S. hovers under four years and industries are evolving faster than academic curricula can keep up, the need for a new approach to workforce development has never been more urgent. Companies like Amazon and McDonald’s are responding by investing in “education as a benefit”…

Read More
belief
Learning Out Loud with Belief, Courage, and the Power of Yes
July 30, 2025

In a world where workplace disengagement is on the rise, with global employee engagement falling to just 21% in 2024, leaders and teams are increasingly seeking meaning, connection, and growth in their work. Amid this shift, professionals are asking deeper questions about purpose and fulfillment, both individually and collectively. That’s exactly where Paul Plamondon’s…

Read More
professional advancement
The Measured Mindset: How Mentorship, Curiosity, and Listening Drive Professional Advancement and Growth
July 29, 2025

Not every path into analytics starts with code and spreadsheets. For some, it begins with curiosity, adaptability, mentorship, and a willingness to learn something entirely new. That’s the case for Mayank Malviya, whose journey from a humanities education in India to a career in U.S.-based market research reveals how initiative and mentorship can accelerate…

Read More