As the healthcare industry moves toward value-based care, collaboration between finance and clinicians has never been more important.  Addressing the cultural divide that has existed between the two functions is the first step toward being able to identify those variations that add value, and those that don’t.

Michael Abrams and Rita Numerof explore critical steps healthcare organizations must take to build new capabilities, processes and roles to successfully manage variation in cost and quality in their article for hfm, The Role of Finance in Managing Clinical Cost and Quality.