This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

A Systematic Approach To Talent Identification And Development. (Graphic: Business Wire)

Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting services, today announced the release of a new Huron Healthcare report which indicates that even healthy hospitals will need to reduce cost by 20-40 percent. In addition, the report notes that this year hospital and health system CEOs will be addressing transformative changes to the way care is delivered and striving to integrate this change across the enterprise.

The report, “Achieving Healthcare Transformation: Insights from the Huron Healthcare CEO Forum,” provides perspectives from nearly 25 executives from healthcare organizations around the country who participated in the fourth annual Huron Healthcare CEO Forum.

“To successfully implement this magnitude of change, healthcare leaders are examining key aspects of their business, and determining their path forward,” said Gordon Mountford, executive vice president, Huron Healthcare. “Clinical transformation, revenue transition, scale and integration, and operational excellence are the four levers they will need to pull – in varying combinations – to achieve quality and financial goals, and advance their missions.”

In the Huron Healthcare report the CEOs discussed their visions for the future, and three key themes for creating a foundation for success in 2014 emerged:

EVOLVE: Transitioning revenue streams. Organizations have begun to commit resources toward the fee-for-value model, but the majority of revenue is still tied to the fee-for-service model. Executives are bridging the two models through traditional cost-cutting and revenue-enhancement approaches, as well as exploring alternative revenue streams.

“The first core is our healthcare provider business. The second core is the health plan, and the third core is new businesses – entrepreneurial investments – where we can generate revenue without relying solely on revenue from third-party reimbursement.” – David Bernd, CEO, Sentara Healthcare and CEO Forum Co-chair

INTEGRATE: Achieving clinical integration. Clinical integration is essential to lowering the total cost of care and achieving success in the post-reform environment. Healthcare leaders are creating new organizational and governance structures that support clinical integration – as well as high-value, more affordable care.

“We have everyone economically and strategically aligned for the first time. We are now evaluating new ways to manage and govern the clinical enterprise.” – Dean Harrison, president and CEO, Northwestern Memorial HealthCare

LEAD: Developing talent for the future. New payment and care delivery models require new leadership competencies, many of which may need to come from outside traditional healthcare paradigms and roles.

“You can’t hire leaders who have everything you need for tomorrow because you don’t know what tomorrow looks like. You can hire people who are both talented and incredibly compassionate – and who will come to work every day with integrity, humility, and passion. People with those traits are the people I want interacting with my staff and with my patients. Those values are really important to me and to our current team, and we frequently talk about how those are expressed.” – David Feinberg, M.D., president, UCLA Health System and CEO Forum Chair

“Achieving transformation of the healthcare enterprise – improving performance by 20 to 40 percent while transforming care delivery and incorporating new payment models – continues to be a major leadership challenge for healthcare executives,” said Dr. Andy Ziskind, managing director and Clinical solutions leader, Huron Healthcare. “As CEOs lead their organizations through this evolution and its many challenges, the benefits of success are becoming a reality: higher quality care that is more affordable, innovative, and accessible.”

Achieving Healthcare Transformation: Insights from the Huron Healthcare CEO Forum is available for download at

About Huron Healthcare

Huron Healthcare is the premier provider of performance improvement and clinical transformation solutions for hospitals and health systems. By partnering with clients, Huron delivers strategy and solutions that improve quality, increase revenue, reduce expenses, and enhance physician, patient, and employee satisfaction across the healthcare enterprise. Clients include leading national and regional integrated healthcare systems, academic medical centers, community hospitals and physician practices. Modern Healthcare ranked Huron Healthcare third on its 2013 list of the largest healthcare management consulting firms. Learn more at or follow us on Twitter: @Huron.

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth. Our professionals employ their expertise in administration, management, finance, operations, strategy and technology to provide our clients with specialized analyses and customized advice and solutions that are tailored to address each client's particular challenges and opportunities to deliver sustainable and measurable results. The Company provides consulting services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, leading academic institutions, Fortune 500 companies, governmental entities and law firms. Huron has worked with more than 90 of the top 100 research universities, more than 400 corporate general counsel, and more than 385 hospitals and academic medical centers. Learn more at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


Chart of I:DJI
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASDAQ 5,115.3820 -12.8990 -0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs