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Moneyball in Healthcare

January 23, 2020 @ 12:00 pm - 1:00 pm EST

Free

Participants of the live webinar will be eligible for 1 free CPE credit.

Event details

Simply stated, assets are both part of the problem and the solution in healthcare today. On one side, they provide a tremendous amount of clinical value and service revenue for health systems; however, on the other, they also consume an enormous amount of capital and operating expenses.

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Healthcare facilities and operations are looking for a data-driven approach to asset management to create a balance between clinical and financial performance. Many are trying to get to the bottom of these fundamental questions:

  • What is the utilization rate of our assets?
  • What is the capacity, and where does it exist?
  • How do I better understand our cost structure?
  • How do I find ways to manage the cost structure and better align it with productive output to produce improved asset and system margins?

Replacing the old anecdotal “gut feel” strategy with true player-level performance analytics provides insight that allows for improvement management of the team, which produces a better output as captured on the scoreboard – the P&L.

By attending this presentation, attendees will be able to:

  1. Understand and appreciate the principles of asset-level analytics and how it relates to capital planning, cost structure management, and system operating performance
  2. Manage and align your operating expenses with the productive output of key revenue generating assets
  3. Obtain a better appreciation of how department, site and system operating margins can be impacted by asset-level performance
  4. Improve operating margin by maximizing financial and clinical output while simultaneously minimizing the delivery cost structure

Who Should Participate?

Those professionals servicing the finance organization, such as: CFOs, Directors of Finance, Directors of Capital Planning, Senior VPs, and Financial Strategic PlanningThis session is recommended for 1.0 hours of CPE credit.

Program level: Basic
Prerequisites: None
Advance preparation: None
Field of study: Specialized Knowledge

Continuing professional education:
Additional CPE Information

There is no registration fee for participating in this webinar; therefore, there is no cancellation fee.

Note: All participants MUST be logged into the webinar INDIVIDUALLY to receive CPE credit. CPE credit will only be granted in the name of the individual logged into the presentation. Crowe LLP is unable to grant CPE credit for groups viewing the webinar.

Additional information

For additional information please contact Mandy Witmer.

Details

Date:
January 23, 2020
Time:
12:00 pm - 1:00 pm
Cost:
Free
Event Category:
Event Tags:
<a href="https://www.crowe.com/events/moneyball-in-healthcare-1-23-20" target="_blank">Event Registration »</a>

Other

Field of Study
Specialized Knowledge

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