Newsletter

July 18, 2022

 

DC Cluster
Leadership Spotlight:

Optimizing Operations and Capacity in Today’s Healthcare Environment

As care is delivered to more patients, healthcare leaders also must determine how to keep their hospitals and health systems functioning at peak efficiency, despite workforce shortages that have left front-line staff stretched thin.

A feature in our July/August Healthcare Executive explores some of the creative solutions leaders are using—such as pooling resources, automating processes and investing in technology—to keep their organizations running as close to normal as possible during an increasingly challenging time.

Visit HealthcareExecutive.org to read the full article, check out our web-exclusive content and listen to our popular Healthcare Executive Podcast.

Choice

Gain Fundamental Financial Skills

Shrinking profit margins due to reductions in Medicare and managed care reimbursement and the escalating cost of providing high-quality patient care have resulted in a renewed emphasis on financial skills for today’s healthcare executives. By understanding the economic and financial conditions that affect financial outcomes, healthcare leaders can help their organizations remain competitive. “Fundamental Financial Skills for Healthcare Organization Success” will equip participants with financial analysis tools and techniques needed to achieve their organizational and financial goals. These include:

  • Financial ratios to measure an organization’s financial performance against standard benchmarks.
  • Key elements of the resource allocation process and how it can be used to improve financial performance.
  • Basics of cost accounting and its significant implications for financial performance.

This two-day workshop is worth 12 ACHE Face-to-Face Education credits and is one of four seminars offered Aug. 22–23 at the Washington, D.C., Cluster. Discover all of the educational opportunities available at this cluster and register today.

Medtronic

ACHE Seeks Nominations for Its Highest Honor

There’s still time to nominate deserving colleagues for our highest honor—the Gold Medal Award. Our Gold Medal Award is the most prestigious award we bestow on outstanding leaders who have made significant contributions to the healthcare profession. This award identifies Fellows who best exemplify leadership at the organizational, local, state/provincial and national levels, and who continually contribute to the improvement of the delivery of healthcare services and community health. We may issue up to two Gold Medal Awards each year: one to an outstanding executive in a healthcare delivery organization, and the second to an executive in a nondelivery healthcare organization, such as an alliance, an association, a university or a consulting firm. Nomination packets are due by Aug. 16.

Visit the News and Awards section of ache.org for full details on the nomination process, award criteria and past recipients. If you have questions, please contact Jennifer L. Connelly, FACHE, CAE, vice president, Regional Services, Department of Executive Engagement, at (312) 424-9320 or jconnelly@ache.org.

It’s Time to Recertify Your FACHE®

If you are an ACHE Fellow whose credentials are set to expire this year, it’s time to recertify. Fellows can recertify in three easy steps:

  • Complete continuing education activities or retake and pass the Board of Governors Exam.
  • Complete four volunteer activities.
  • Pay the $200 recertification fee when you submit your recertification application by the Dec. 31 deadline.

You can learn more about the recertification process by visiting ache.org/FACHE and selecting the Maintain/Recertify My FACHE button from the menu.

Additionally, if you are over the age of 60 and will retire within the next five years, you may be eligible for a one-time-only, five-year recertification waiver. For more information, please contact Customer Service at (312) 424-9400 or contact@ache.org.

Current Fellows who are in good standing and are retired from healthcare management may transfer to Retired Status or Life Status. Learn more about the FACHE(R) and LFACHE designations here.

Summer Reading Is Sweeter With a Sale

Score summer reading deals during the Health Administration Press summer sale, now through Sept. 5. Order any book and receive a 20% discount off already reduced member prices using the promo code SUMMER22 at checkout. The discount applies to both member and nonmember prices, but it excludes any already discounted multibook sets or bundles, Futurescan 15-packs, and the Board of Governors Exam Study Set, Bundle or Flashcards. Order and save with these discounts by visiting ache.org/HAP or calling (800) 888-4741.

Transitioning From the Military to Civilian Healthcare

Changing from one career to another invariably has its challenges, and that was no different for Gigi A. Simko, FACHE, when in 2020 she moved into a civilian healthcare executive role after spending nearly a quarter of a century with the U.S. Air Force. Simko ensured a successful career transition by starting the process early, being thorough in her preparation and taking advantage of career development resources, including those from ACHE.

Today she’s senior manager of practice operations at Connecticut Children’s in Hartford, Conn., and has served ACHE in a variety of roles, including as a member of the Board of Governors, a Regent for the Air Force and a Regent-at-Large for District 6. Learn more about her transition from the Air Force to civilian healthcare in this Q&A on the ACHE Blog.