Infusing the capital review process with rigor and discipline

Intermountain Healthcare gleaned four key insights from inside and outside the industry when reviewing best practices in capital decision making: Evidence-based decision making and disciplined analysis are as critical in healthcare finance as in any other industry. Comparing various scenarios under value-based payment allows for better modeling than does performing traditional, volume-based pro formas. Reviewing large capital projects at a granular level helps identify opportunities to add or subtract services. A comprehensive look-back process identifies lessons learned from approved projects-and helps ensure that proposals are defensible.