19NOVEMBER 2019that next phase where we believe healthcare is going. But since we are jointly owned it's been our goal as a leadership team to become financially autonomous. We are ahead of schedule on that goal.We are now at that point where we believe the revenue we generate through our value-based agreements will support our organizational costs.Another thing the leadership group is trying to achieve is accurately predicting revenue in value-based medicine, as there is always lag time in the healthcare industry dealing with insurance companies on the claims data and information. So trying to process that in real-time and use it as information that we can act on and try to forecast revenue has been challenging. We closely monitor our metrics and our targets to ensure that we are taking the right actions. How do you see the evolution of the ACOs arena a few years from now with regard to some of its potential transformations? Consumers are continuously moving forward, demanding more access to information; price transparency is one major consumer issue. The consumer wants to know if all the required services are covered and what's it going to cost them. We are getting to a point where the patients are not comfortable waiting for a bill sent in the mail one to two months later to find out the cost, and rightly so. Educating the consumer and bringing that pricing aspect in so they can be better consumers in healthcare is one of things where we are looking to blockchain technology as a possible solution. This can improve cost transparency because we could deploy this app in the future to our members in the network so that they can then see what providers are in the network versus out of network, the cost of procedures and so on. What would be the single piece of advice that you could impart to a fellow or aspiring professional in your field?In value-based medicine all the business pillars are interrelated and everyone here at the company works closely. I would suggest to other CFOs and finance officers to not just be the numbers person--you need to look at all the different business areas that impact you and the performance of the entity. Every area of the company somehow ties back to financial performance. So be sure to invest time in learning all the aspects in the industry. Lastly, it's an exciting time for the healthcare and especially the value-based care movement. The ultimate goal is to make patients healthier, while keeping unwarranted expenses down. In healthcare, the consumer is continuously moving forward, demanding more access to information, and price transparency is the major demandDan LeClair
< Page 9 | Page 11 >