H20 Talks are like TED talks. Short bursts of information(20 minutes).
FINANCE & ACCOUNTING
Monday, July 18: 9:45-10:45am
Enhance Performance, Eliminate the Budget
Gordon Edwards, Marshfield Clinic Health Systems
A few healthcare organizations have eliminated the traditional budget to improve organizational effectiveness and performance. This session will summarize the results of a case study in which some health care leaders determined that budgets were wasteful and had the confidence in their people and processes to eliminate the budget. The alternative framework emphasized the use of metrics, and quarterly forecasts, encouraged proactive action and front‐line managers to make real time decisions within predetermined principles and boundaries.
Financial Integration - Successes & Challenges
Stacey McCreery, Indiana University Health
Integrating financial systems throughout a health system is challenging; however there are several benefits. Working through the change and pushing forward an integrated platform can lead organizations to improved quality, reduced costs, and better information. Training is a key part of that acceptance as well as having leaders embrace these changes. Keeping the patient at the forefront is the best way health systems can navigate through that change.
The Future of Physician Compensation
Jason Lee and Tom Methvin, ECG Management Consultants
The modern health care system must be responsive to the forces driving our industry. The way we pay physicians and providers must change with new care delivery models and innovative reimbursement incentives in place. Existing single note plans based on legacy models and that are insufficiently flexible may result in financial risk for your organization. We will share some of our successes and best practices from developing physician compensation plans across the nation.
Enhance Performance, Eliminate the Budget
Gordon Edwards, Marshfield Clinic Health Systems
A few healthcare organizations have eliminated the traditional budget to improve organizational effectiveness and performance. This session will summarize the results of a case study in which some health care leaders determined that budgets were wasteful and had the confidence in their people and processes to eliminate the budget. The alternative framework emphasized the use of metrics, and quarterly forecasts, encouraged proactive action and front‐line managers to make real time decisions within predetermined principles and boundaries.
Financial Integration - Successes & Challenges
Stacey McCreery, Indiana University Health
Integrating financial systems throughout a health system is challenging; however there are several benefits. Working through the change and pushing forward an integrated platform can lead organizations to improved quality, reduced costs, and better information. Training is a key part of that acceptance as well as having leaders embrace these changes. Keeping the patient at the forefront is the best way health systems can navigate through that change.
The Future of Physician Compensation
Jason Lee and Tom Methvin, ECG Management Consultants
The modern health care system must be responsive to the forces driving our industry. The way we pay physicians and providers must change with new care delivery models and innovative reimbursement incentives in place. Existing single note plans based on legacy models and that are insufficiently flexible may result in financial risk for your organization. We will share some of our successes and best practices from developing physician compensation plans across the nation.
