VHS President and CEO Mark Klyczek was included in an article from Becker’s Healthcare, “From AI to Telehealth: 82 Healthcare Leaders Discuss Emerging Trends.”
Mark says value-based care and top-line revenue growth are the top two trends VHS is following, with multiple value-based care opportunities emerging in Virginia.
“Virginia has prioritized value-based care in skilled nursing facilities, which is the best way to reward high performing organizations and incentivize organizations to improve,” he says. “… These types of programs are vital to grow our top-line revenue as expense increases remain sticky and do not show any signs of improving in the short term. Our strategy of top-line revenue growth has significantly mitigated the expense increases and when our expense reduction strategies take hold, our top-line revenue will already be growing and healthy.”
Value-based care, the use of AI, veterans healthcare, staff recruitment and retention, and telehealth were other trends included in the piece.
The leaders, including Mark, will be featured speakers at the Becker’s 12th Annual CEO + CFO Roundtable conference in November. Read what they all had to say here.
