Financial Operations Track
 
Focusing on the fiscal health of your organization while meeting the demands for superior patient care remains a challenge. With new financial models, changes in the way payments are being made, and stringent goals for reducing expenditures, financial decision-makers face numerous critical decisions every day. 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 financial strategies for implementing inventory management trends, improving supply chain efficiency, and collaboration strategies for minimizing errors.
Wednesday, September 1, 2021
8:00 AM - 11:00 AM
Grand Canyon 3, 4 & 5

According to the American Hospital Association, US IDNs spend over $400 billion on purchased services each year. Purchased services represent a unique and often untapped opportunity for cost-savings. These services can also support local, green, and diversity initiatives within your IDN. Led by a senior executive from a major IDN, this two-part workshop will provide you with the tools you need to analyze your purchased services portfolio, implement strategies to increase your oversight, and leverage these services to meet your IDN initiatives.

Learning Objectives:

  1. Evaluate strategies to increase the value and reduce the costs of your purchased services.
  2. Outline plans of action to increase the oversight of your purchased services portfolio.
  3. Describe purchased services’ role in achieving system-wide and supply chain initiatives.
Wednesday, September 22, 2021
3:00 PM - 4:00 PM
 
 
Thursday, September 23, 2021
3:00 PM - 4:00 PM
 
 
Monday, April 11, 2022
4:00 PM - 5:00 PM
 

Purchased services can comprise 20% or more of a hospital's total operating costs, according to the American Hospital Association. This should necessitate a focus on handling this area as strategically as other categories, including supply chain. Yet many organizations do not have a strategic plan around their purchased services, preferring to treat them reactively as contracts come up, rather than utilizing a wholistic, proactive approach. This session will examine current trends in purchased services and specifically address the question of outsourcing regarding both labor and non-labor areas of your purchased services spend.

Learning Objectives:

  1. Assess the current trends having the strongest impact on purchased services for healthcare organizations.
  2. Explain why building a proactive, comprehensive plan around purchased services can reduce costs and bring new transparency and control over your purchased services spend.
  3. Summarize the pros and cons of outsourcing your purchased services functions for both labor and non-labor spend.
Wednesday, May 4, 2022
12:00 PM - 1:00 PM
 

Purchased services can comprise 20% or more of a hospital's total operating costs, according to the American Hospital Association. This should necessitate a focus on handling this area as strategically as other categories, including supply chain. Yet many organizations do not have a strategic plan around their purchased services, preferring to treat them reactively as contracts come up, rather than utilizing a wholistic, proactive approach. This session will examine current trends in purchased services and specifically address the question of outsourcing regarding both labor and non-labor areas of your purchased services spend.

Learning Objectives:

  1. Assess the current trends having the strongest impact on purchased services for healthcare organizations.
  2. Explain why building a proactive, comprehensive plan around purchased services can reduce costs and bring new transparency and control over your purchased services spend.
  3. Summarize the pros and cons of outsourcing your purchased services functions for both labor and non-labor spend.