What is Advancing Financial & Operational Strength?
Advancing Financial and Operational Strength (AFOS) is a technical assistance program from Capital Link providing health center staff from all levels of the organization with financial and operational benchmarking assistance, tools, and training with the goal of improving health center business operations and financial health.
How Does AFOS Work?
At the start of the program, participants are provided with a Performance Evaluation Profile (PEP), a customized diagnostic tool to help them better understand their own financial and operational performance as well as how they compare to other health centers in the region and state. Participants then attend a series of trainings, described below, which serve as a platform for sharing best practices and building knowledge. In the final phase of AFOS, participants may receive customized technical assistance in implementing changes for performance improvement.
100 Series - Understand
Informed by the PEP report, this first set of trainings introduces financial and operational benchmarking, key metrics for tracking organizational performance, national and statewide trends, and next steps.
200 Series - Develop Action Plans
This second set of trainings focuses on how to interpret and respond to the findings in the PEP report in order to develop an action plan. Trainings are based on the topic areas participants are most interested in, which may include:
- Team-Based Care/Integrated Care Delivery
- Strategic Planning
- Change Management Ideas and Strategies
Planning for Growth: Forecasting, Benchmarking, and Accessing Capital
Preparing for Value-Based Reimbursement
Identifying and Planning for Service Expansion Needs
300 Series - Implement & Monitor
This final set of trainings and technical assistance is designed to help participants implement changes and best practices for financial and operational performance improvement. Training in small groups or for the cohort and one-on-one coaching on a variety of topics can be provided either on-site or remotely, including:
- Team-Based Integration/Staff and Patient Engagement/Facility Optimization
- Capital Expansion Planning/Scenario Planning/Financial Forecasting
AFOS Participant Accomplishments:
- Transitioned to shared services options to reduce costs and increase efficiencies
- Implemented work flow improvements to improve team dynamics and care coordination
Implemented changes and best practices around financial systems, revenue cycle management and billing, alignment with new reimbursement methods, team-based care, and patient and staff satisfaction
Incorporated billing and financial performance metrics/measures based on benchmarking
Outsourced revenue cycle management function to focus on core business
- Increased access to care through implementation of improved scheduling models
Made strategic changes to optimize performance processes that will strengthen health center finances