Moneyball in Healthcare – Actionable Insight, transparency, and clarity

Location: Webinar
Start date:

1/23/2020 12:00 PM Eastern

End date:

1/23/2020 1:00 PM Eastern

Industries: Healthcare
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 participating in this presentation, you should be able to:

  • Appreciate the principles of asset-level analytics and how they relate to capital planning, cost structure management, and system operating performance
  • Manage and align your operating expenses with the productive output of key revenue generating assets
  • Obtain a better appreciation of how department, site, and system operating margins can be affected by asset-level performance
  • Improve operating margin by maximizing financial and clinical output while simultaneously minimizing the delivery cost structure

Who Should Participate?

This is a solution-based discussion that has the potential to span numerous functional areas in the healthcare system. It's aimed at those professionals servicing the finance organization, such as CFOs, directors of finance, directors of capital planning, senior VPs, and financial strategic planning personnel. 

This 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.