FQHC survey highlights need for financial stability


Last month, Sage Growth Partners published their findings from an FQHC survey of 175 CEOs conducted at the end of 2016. According to Sage, “the survey is the first of its kind to provide baseline metrics on key performance areas and attitudes for FQHCs” and its purpose was to gain a better understanding of key challenges faced by FQHCs in an evolving industry.

The survey results highlight that the majority of FQHCs are facing common issues like increased competition and financial uncertainty.

Published in the month when FQHC funding was due to expire (and has now lapsed), the survey reinforces that FQHCs must achieve a tricky balance between fulfilling their mission and generating profit in order to achieve financial stability.

What are some ways to achieve financial independence?

1) Make sure that your revenue cycle processes are efficient, and that you’re achieving the maximum possible billing revenues with minimum lag time or denials.

2) Implement robust 340B pharmacy solutions to improve patient compliance and capture high margin revenues.

3) Consider adding additional specialties and partnerships to generate new revenue streams.

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