EVENT: October 22, 2009

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Greater St. Louis Chapter Healthcare Financial Management Association

Missouri HealthCare Executives Group

&

Midwest Gateway Chapter of Health Information Management Systems Society

Present

The Future of Healthcare Financing

4th Annual Conference

A Series of Moderated Panel Discussions

October 22, 2009

Event Description

The Greater St. Louis HFMA, the Missouri Healthcare Executives Group and the Midwest Gateway Chapter of Health Information Management Systems Society are proud to present A Healthcare Executive Panel Discussion:  Today’s Healthcare executive faces many challenges. Issues such as workforce shortages, the need to update technology and make facility infrastructure improvements, as well as provide safe high-quality patient care that make financial challenges extraordinarily complex.  In addition, healthcare leaders face ever-increasing regulatory demands and diminishing financial rewards.  What organizational strategies are available to healthcare executives to affect their organization’s bottom line?  How can leaders use meaningful metrics to examine such areas as product lines, supply chain costs, and revenues?  What are the critical links that exist between financial and non-financial managers that can impact the financial health of departments and the organization as a whole?

Time

9:00 a.m. – 4:00 p.m.

Agenda:

8:30 a.m. - 9:00 a.m. Registration

9:00 a.m. - 10:30 a.m. Sustaining a Financially Vibrant Healthcare Organization

10:00 a.m.-10:45 a.m. Break

10:45 a.m.- 11:45 a.m The HITECH Act - the potential impact, questions and

considerations for Providers

11:45 a.m. - 12:45 p.m. Lunch

12:45 p.m - 2:00 p.m. The Healthcare Executives Role in IT Decisions

2:00 p.m. - 2:15 p.m. Break

2:15 p.m. - 3:45 p.m. Building the Hospitals of Tomorrow: Rehabilitate, Renovate

or Replace

3:45 p.m - 4:00 p.m. Closing Remarks/Satisfaction Survey

Join us on Linkedin

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Join the Missouri Healthcare Executives Group on LinkedIn

Summer 2009 Newsletter

ACHE, Central, Chapter, Kansas City, LPC News, Southeast, St. Louis No Comments

Now available under the Current Newsletter tab.

Wanted: Nominees - ACHE Senior Level & Early Careerist Regents Awards

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We are looking for nominations for the ACHE Senior Level and Early Careerist Regents Awards to be presented on November 5, 2009 at the ACHE breakfast at Tan-Tar-A.  Chapter members and LPC leaders are encouraged to nominate persons for either or both of the awards.

Please direct all nominations to: Don Sipes - dsipes@saint-lukes.org

Each Regent is encouraged to present two awards each Convocation year to outstanding healthcare executives in his or her jurisdiction. ACHE will provide a certificate and an etched crystal sculpture for each winner.

The recipients must be active ACHE affiliates or individuals who have contributed to healthcare management but are not eligible for membership. This would include individuals such as those considered for Honorary Fellowship (i.e., trustees, political figures, etc.).  Past award winners are not eligible. For more information, visit: http://www.ache.org/abt_ache/awards/index.cfm

      Early Career Healthcare Executive Award

        Criteria:

An affiliate of the American College of Healthcare Executives

Demonstration of leadership ability

Demonstration of innovative and creative management

Executive capability in developing his/her organization and promoting its growth and stature in the community

Participation in local, state, or provincial hospital and health association activities

Participation in civic/community activities and projects

Demonstration of participation in College activities and interest in assisting ACHE in achieving its objectives

       Senior-Level Healthcare Executive Award

       Criteria:

A Fellow of ACHE

A CEO, COO, or other senior-level executive title within the organization

Demonstration of leadership ability

Demonstration of innovative and creative management

Executive capability in developing his/her organization and promoting its growth and stature in the community

Contributions to the development of others in the healthcare profession

Demonstration of leadership in local, state, or provincial hospital and health association activities

Participation in civic/community activities and projects

Demonstration of participation in College activities and interest in assisting ACHE in achieving its objectives

Central Region LPC - Events

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The Central Region Local Programming Council of MHEG held a panel presentation on “Sustaining a Financially Vibrant Healthcare Organization” on April 21st in Columbia. This session was held immediately prior to the Missouri Hospital Association Central District Council meeting and provided a great opportunity for those present to share their strategies for maintaining financial viability in tough economic times. Other sessions for the Central Region will also be held immediately prior to MHA Central District Council meetings.

 

Remaining sessions for 2009 are:

 

August 25, 2009 – Capital Region Medical Center in Jefferson City will host this special session on “Building the Hospital of Tomorrow – Rehabilitation, Renovate, Replace”. This panel presentation will highlight the importance of patient-centered care and its impact on patients satisfaction and market share.  The panel will be John Dawes, FACHE of Bothwell Regional Health Center; Robert Copeland, FACHE of McCune-Brooks Regional Hospital and Earl Wilson of HMN Architects.  Networking will begin at 9 a.m. with the panel presentation 9:30-11 a.m.  Executives, facility managers, quality and risk management professionals, and board members are encouraged to attend this session.  The session has been awarded 1.5 Category I credit.  For more information, including registration information go to http://moheg.org/.

 

November 17, 2009 – Columbia Regional in Columbia will host a panel presentation on “Medical Staff Relations”. More details to come soon.

Job Opportunities

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If anyone has any jobs that need to be posted, please e-mail Ashley Weinrich (ashley.weinrich@gmail.com) for posting in our new “Job Opportunities” section.

In addition, please visit ACHE’s website for further career services.

Note: Our website is currently undergoing renovation and we hope to have a new site coming soon!

Looking For Ways to Get Involved?

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The Membership Chair and Communications Chair are looking for committee members! Please visit the Get Involved page for more information.

Disaster Planning Conferece: Wednesday, April 22, 2009

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Greater St. Louis Chapter & Show Me Chapters Healthcare Financial Management Association Present

Disaster Planning Conference

April 22, 2009

 

Please join us as we are privileged to have Mark Ackermann who was involved firsthand on the attack on 9/11/2001. Following the Mark’s presentation we will be having a Panel Discussion with your peers.

 

Event Description:

Saint Vincent Catholic Medical Centers of New York The Response to the attack on the World Trade Center and Report on Preparedness for Future Events from a Financial Perspective

 

Panel Members: The panel will be members of Audrain Medical Center, Relay Health and other local Hospital Colleagues. 

 

Who Should Attend: Healthcare CEOs, CFOs, Financial Directors and Leaders, Patient Financial Service Directors and Managers, HIM Directors, Compliance Officers and  Consultants that work within Healthcare Finance and the Revenue Cycle. 

 

Learning Objectives: Learn from your peers in the St. Louis and Central Missouri area as to how they cope with the challenges and changes of healthcare finance. 

 

Registration Fee:

$30.00 for Members

$40.00 for Non-Members

$10.00 for Students

 

Location:

St. Luke’s Hospital

232 South Woodsmill Rd.

Chesterfield, MO 63017

314-434-1500

 

Time: 11:30 a.m. - 4:00 p.m.

 

Agenda:

11:30 a.m. - 12:00 p.m. Registration

12:00 p.m. - 12:30 p.m. Lunch

12:30 p.m. - 2:15 p.m. General Session - Mark Ackermann

2:15 p.m. - 2:30 p.m. Break

2:30 p.m. - 4:00 p.m.  Panel Discussion

 

Details can be found at: http://www.qabs.com/files/HFMA_Disaster_Planning_Conference_2009.pdf

Mark you calendar for 3/30 to attend New Economic Realities: How the Financial Downturn will change Health Care

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This Kansas City event will be at Saint Luke’s Northland Hospital - Barry Medical Plaza from 7:30AM to 9:00AM, presented  by President of McManis Consulting, Deirdre Byrne.  Ms. Byrne co-authored the January 2009 cover story in Healthcare Financial Management Magazine, “The Long view: How the financial downturn will change healthcare.” Participants will gain insight on the current financial crisis and the expected impact on health care delivery systems. Attendees will discuss and explore the current impact as well as strategies for mitigating the effect on their organization and how to strategically position institutions for long term viability. Please Join us for this lively discussion on what you can do to help your healthcare organization survive our current economic challenges.  For information and registration contact metroheg@qabs.com.

Keys to Sustaining a Financially Vibrant Health System: Quality, Employee Retention, and the ED

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The Kansas City LPC partnered with the Heart of America HFMA chapter on 11/20 to address the challenges of sustaining a financially vibrant health system.  Panelists: Scott Glasrud, CFO of KU Medical Center, Scott Kashman, CEO of St. Joseph Medical Center; and Joe Statsi, CFO of St. Luke’s East in Lee’s Summit represented varied organizations, but their approaches were in alignment

  • Reduce employee turnover (manage employee satisfaction and target management development/coaching since the supervisor relationship is the primary reason for turnover/retention) and reduce ED diversion
  • Maintain discipline (tackling process and measurement in a disciplined way is new for today’s culture)
  • Quality drives profit

Other key points:

  • Capital management equates to sustainability
  • Maintaining and enhancing the system’s debt rating is the primary goal since creditworthiness is the key to accessing capital
  • Access to cash and managing debt equates to vibrancy
  • Hospitals must balance strategy related investments with protecting the balance sheet
  • Cash cows must outweigh startups to achieve target margin and revenue growth must exceed inflation
  • When there is a lack of capacity all costs are variable
  • Healthcare is perhaps the only industry where revenues and expenses have no relation and they must be managed separately
  • Please contact kate.conrad@chca.com for more information on this or future programs.   

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