Financial Operations Track
 
Identifying cost improvement opportunities by developing analytics capability, developing consultative skills to partner with different business areas to identify opportunities, and leveraging technology and external benchmarking to highlight and showcase gaps are key opportunities when developing an action plan to execute savings opportunities.  Measuring savings and getting them validated by Finance is critical to building credibility of supply chain as a financial steward of the company.  Sourcing savings are often perceived as soft savings as the P&L impact is not clearly demonstrated by supply chain.  Designed to target executives with direct responsibilities for financial management, contract negotiation and product pricing decisions, the sessions in this track will help you develop and implement financial strategies that will provide a positive impact on both patient experience and the bottom line. 
Monday, April 8, 2019
1:00 PM - 2:15 PM
National Ballroom A

The slow evolution to value-based health care has long been driven by public sector initiatives. However, in recent years the private sector has taken the lead, as employers, retailers, and payers look to extract more value from the health care delivery system. This session will explore the most important forces reshaping the health care industry and discuss how new care delivery models seek to lower costs while increasing quality of care.

Learning Objectives:

  1. Identify the forces destabilizing provider economics.
  2. Discuss new delivery models that are emerging due to the evolution of value-based care.
  3. Describe the strategies both the private and public sector are employing to bend the health care spending curve.
 
Click here to view the PowerPoint slides.
 
Click here to listen to the recording.
Moderator
Henry Tomasuolo
Vice President, Support Services
Boston Children's Hospital

Presenter
Miriam Sznycer-Taub
Senior Consultant
Advisory Board

Monday, April 8, 2019
2:30 PM - 3:45 PM
National Ballroom A

In an ideal world, benchmarking supports open comparison and sharing that allows organizations to continuously improve and transform. Is benchmarking fulfilling that objective in your organization?   Measuring and validating savings with Finance is critical to building credibility throughout clinical and supply chain operations. Key indicators for one vertical do not always equal value for another.  

Learn how to more accurately establish savings goals, measure them, and identify opportunities for improvement with Finance as a partner in validation.  Part two of this session will explore the use of metrics and the wealth of information they can provide in the highly variable procedural area. 

Learning Objectives:

  1. Identify strategies to ensure clinical and supply chain operations are aligned with finance and align on a common definition for savings.
  2. Discuss the way information is entered into a system can directly impact the accuracy of data and information.
  3. Specify innovative processes for decision makers that positively affect financial outcomes.
 
Click here to view the PowerPoint slides.
 
Click here to listen to the recording.
 
 
Moderator
Brent Johnson
Retired Supply Chain Executive
Independent Consultant

Presenters
Matthew T Mentel MHA, MBA, CRMP
System Executive Director- Business Integration
Mercy

Betty Jo Rocchio MS, BSN, CRNA, CENP
Chief Nursing Officer
Mercy

Monday, April 8, 2019
4:00 PM - 5:15 PM
National Ballroom A

Effective management and negotiation of contracts allows your organization the opportunity to more effectively mitigate risk, reduce costs, and provide the best possible care for your patients.  This session will offer strategic advice on how to confidently negotiate contracts, using effective contracting tactics to mitigate inflation and sudden price increases.

Learning Objectives:

1.   Define key strategies for successful contracting.
2.   Describe the importance of flexibility, research, and negotiation in the contracting process.
3.   Identify ways to improve your confidence and build positive relationships during contract negotiation.

 

Click here to view the PowerPoint slides.

Click here to listen to the recording.

Moderator
Frank Cirillo
VP Strategic Initiatives
Acurity, Inc.

Presenter
Sean LaReL Poellnitz BS, CHRM
Vice President, Supply Chain
Mosaic Life Care

Kenneth Shaw
Director, Contracts
Vidant Health