Chief Financial Officer Debbie Bloomfield Shares Insights on 2024 Outlook

Bon Secours Mercy Health Chief Financial Officer Debbie Bloomfield, PhD, joined Dan Rieber, vice president and CFO of UC Health (Colorado) and Nick Barcellona, WVU Medicine (West Virginia) senior vice president and chief financial officer, in sharing her thoughts around what makes her optimistic about 2024. Becker’s Hospital Review shared this feedback in its Hospital CFO Report on Jan. 25.

Bloomfield focused on three key topics – the commitment of state Medicaid programs to help systems like Bon Secours Mercy Health serve those with great financial need, working with partners to increase access to care and the ongoing focus on efficient operations.

“Bon Secours Mercy Health is focused on providing quality, compassionate care to every patient who comes through our doors, and this is a responsibility we take very seriously. We are very pleased with the commitment of state Medicaid programs — including recently in South Carolina — that are helping us fulfill our commitment to serving those with great financial need by providing additional reimbursement to help offset some of the losses and costs,” Bloomfield said. 

Access to care is also essential to help ensure the health and well-being of our communities, and Bon Secours Mercy Health works with partners to ensure the needed expertise and resources are available to help increase access.

“Our work with digital leader Nordic is helping to expand our digital presence, technology innovations and associated data analytics. This work leads to more tailored and patient-centered options and improved patient outcomes. While we work to improve access and care for all, we do so with an eye on long-term sustainability, which is achieved, in part, through efficient and effective operations. This focus has helped to improve cash flow and margins, which have lagged significantly since the COVID-19 pandemic,” Bloomfield said.

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