Reposted from Forbes.com Jeff Thomson: The healthcare industry has undergone fundamental transformation over the past few years. What are the greatest challenges the finance department has faced as a result and how are you addressing them? Erik Wissig: The broad-based cost increases and regulatory uncertainty across healthcare and health insurance has exacerbated two key challenges: 1) anticipating where increases and changes will materialize and getting out ahead of them as an organization; and 2) a revenue model based on a reimbursement or commission environment that is continuously under pressure, where healthcare providers have limited ability to adjust pricing for their products and services provided. For example, the ACA has impacted everyone in and outside of healthcare in some way. Many organizations are struggling to understand its impact and how best to deal with it. The finance department is challenged with identifying the impact on its business and strategizing ab
Erik Wissig, CFO of Hixme Insurance Solutions