Creating Paths to Sustainable Operating Margin, Mission, and Market Essentiality
Friday, March 22, 2019
9 a.m. - 2:15 p.m.
Leading health systems are undertaking extraordinary work to calibrate their margin, mission, market position, and operating model. Margin pressure is now the new normal. Despite traditional margin improvement initiatives in such areas as supply chain, throughput, clinical documentation, and revenue cycle, margins continue to decline. Fee-for-service reimbursement cuts, both past and future, promise to cost the sector billions as structural reforms are addressed. Recent downturns in hospital inpatient and ambulatory volumes due to affordability problems have exacerbated provider margin gaps. Fortunately, for many large systems, the “boat vs. dock” or “volume vs. value” decision does not have to be one or the other, but rather how much change can an institution handle and how fast. The ultimate call to action is for organizations to calibrate future margins, missions, and market positioning with their operating model and underlying technology platforms.
This conference will look at effective current strategies for improved ROI across an enterprise. We’ll look at population health, finance automation, EMRs/digital technology, clinical re-design, and management of medical groups. The focus will be on tactics for margin improvement and we’ll highlight best practices from top health systems across the country.
9 a.m.
The Path to Sustainable Operating Margin, Mission, and Market Essentiality
Michael Nugent, Managing Director, Healthcare, Navigant Consulting
10:30 a.m. BREAK
11 a.m.
Case Study: Lehigh Valley Health Network
Working Toward $250M Improvement in Operations
Tom Marchozzi, Chief Financial Officer, Lehigh Valley Health Network
12 p.m. Networking Luncheon
12:45 p.m.
Hospital Leader Roundtable: What Keeps Healthcare Finance Executives up at Night?
Moderated by Alta Fleming, SVP, N.E. Market Exec, Healthcare Finance, TD Bank
Confirmed:
Tom Marchozzi, Chief Financial Officer, Lehigh Valley Health Network
Lisa M. Trumble, S.V.P., AC & PO, Finance & Operations, Cambridge Health Alliance
Steve Tringale, Chief Executive Officer, Tringale Health Strategies
Invited:
Sergio Melgar, Exec. V.P. & CFO, UMass Memorial Health Care
2:15 p.m. ADJOURN