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Welcome to "Managing the Transition; Positioning for the Future," a special supplement to Hospitals & Health Networks developed in conjunction with Citi and the Healthcare Financial Management Association. This is the 13th year of this partnership that seeks to promote the exchange of information between hospitals and health systems and the investment community. Together, we seek to facilitate access to capital that can enable a higher-performing health care system.

This year, the focus is on the present but with a forward-looking perspective — what are hospitals doing now to get ready for the future state of health care delivery and payment? Responding to their communities and the unprecedented changes in health care, each hospital and health system must develop their own path and indeed we see great evidence that they are developing innovative delivery models and partnerships to address evolving stakeholder expectations.

This supplement is being distributed at the 13th Non-Profit Health Care Investor Conference, designed as a continuing effort to enhance communication between health systems and investors. We thank Citi and HFMA for their continued support and hope that this supplement will be of value to your organization.

Neil Jesuele
Executive Vice President, AHA Leadership and Business Development and President, Health Forum


Health care organizations start overhauls for a new delivery model
By Dave Carpenter

Expert Commentaries

Managing the Transition: The Role of Governance
By Richard L. Clarke

The Hospital of the Future: Strategies for Success
By Jeanette G. Clough

The Capital Challenge: Think Outside the Box
By Frederick A. Hessler

Committing to Change: Enabling Accountable Care
By Steven Hester, M.D.

Physician Engagement: Partnering for Collaboration
By Robert G. Riney

Clinical Integration: The Foundation of Our Future
By Joseph R. Swedish

Dear Reader
Frederick A. Hessler
Managing Director and Health Care Group Head
Citigroup Global Markets Inc.