(Internal) LCHCS Strategic Plan 2025-2027

Steward Resources.

We will achieve optimal financial performance through strategic resource management, revenue growth, efficient expense management and sustainable financial decision-making.

Strategy 1: Enhance revenue streams through strategic payer mix optimization, increased patient volume, and improved payer reimbursement processes and strategies.

Measure: Increase patient revenue by 5%

BY WHEN?

ACTION STEPS

RESPONSIBILITY

2025 2026 2027 B=Begin C=Complete

1a Improve CPT coding practices to ensure accurate billing and revenue capture.

April Delozier/Amanda Bridgmon

B

C

1b Reduce credentialing and contracting timeframes to minimize lost revenue.

April Delozier/Amanda Bridgmon

B

C

1c Increase the capture rate to 60%, including revenue from contract pharmacy programs, to boost overall pharmacy income.

April Delozier/Megan Anderson

B

C

1d Address value-based care (VBC) initiatives by closing identified care gaps.

April Delozier/Amanda Bridgmon

B

C

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