- Program Spotlight:
Innovate, Interact and Earn Education Credit With ACHE Virtual Live Sessions - A New Era for Health System Margins
- Build an Integrated Delivery System That Focuses on Business Outcomes
- Register for a Free Webinar on Amplifying Diverse Voices
- Students: Submit Entries for Essay Competition by Dec. 4
- ACHE Announces 2024 Nominating Committee Slate
Program Spotlight:
Innovate, Interact and Earn Education Credit With ACHE Virtual Live Sessions
With just two months left in 2023, finish the year strong by earning ACHE Face-to-Face Education credits. ACHE’s virtual live sessions can be accessed from anywhere—your home, office or wherever you are.
- As fee-for-service reimbursements decline, leadership teams are evaluating alternative value-based contracts. Attendees of “When and How to Achieve Value in the Pursuit of Value-Based Agreements” will discuss how hospital workflow and operations must change, and they will evaluate when to transition from pursuing patients covered under fee-for-service arrangements to targeting patients under value-based agreements. From Nov. 7–Dec. 6, learn how to work smarter and reward outcomes and efficiency while earning 6 ACHE Face-to-Face Education credits.
- Understand how the revenue cycle touches almost every employee, and influence and improve your organization in “Revenue Cycle Essentials,” Nov. 13–Dec. 11. This session is worth 6 ACHE Face-to-Face Education credits.
- Attend “Doing Well by Doing Good: Cultivating Mission to Improve Margin and Performance,” Nov. 22–Dec. 20, and identify how unaddressed ethics issues are affecting your organization’s commitments and bottom line. Work to develop the muscles needed to engage in ethical decision-making and earn 6 ACHE Face-to-Face Education credits.
- The Network Evolution: How to Position Your Ambulatory Care Network for Future Success,” Dec. 5–14, will examine trends expected to drive changes in ambulatory care delivery over the next decade, describe potential disruption for providers and how to mitigate it, and identify strategies for network growth and development. Earn 3 ACHE Face-to-Face Education credits.
- Experience the challenges of executive leadership and strategic decision-making with the “Health System Simulation,” Dec. 7–9, and earn 21 ACHE Face-to-Face Education credits.
Discover and register for all upcoming Virtual Face-to-Face Education courses here.
A New Era for Health System Margins
Improving financial performance and operating margins is one of the most pressing concerns for healthcare leaders, but addressing them is often multifaceted. Just knowing where to start can be difficult.
The statistics are sobering, with more than two-thirds of health systems currently operating with margins below pre-pandemic levels, according to Kaufman Hall. As inflation, labor costs and staffing shortages continue to grow, it's easy to see how and why the bottom line is shrinking. As such, margin improvement is critical to ensuring that health systems can better serve patients and communities, expand lines of service and preserve capital.
To meet future financial performance goals, healthcare leaders must bring a new level of focus and resources, as well as an improved structure, to better manage costs on an ongoing basis. This work begins by evaluating operational discipline across four key areas: labor productivity, supply chain efficiency, revenue cycle optimization and corporate cost control. In their analyses, health systems can identify any indications of systemic weaknesses, reevaluate processes, rebuild profitability for the future and get back to what matters most—providing quality care in their local communities.
Thankfully, the solution to many of these challenges fall within the basics of an organization's financial operating model. Health systems can more directly address growing revenue challenges by combining the transformational and transitional philosophies of financial operations sustainability. This means implementing a radical operating discipline while eliminating clinical care inefficiencies.
To learn more about tactics to improve financial performance, check out this e-book with five margin improvement strategies you can deploy today.
Optum, an ACHE Premier Corporate Partner, provided the above content.
Build an Integrated Delivery System That Focuses on Business Outcomes
Today’s healthcare enterprises are focusing on building delivery models that emphasize clinical and business outcomes, not volume. In Essential Operational Components for High-Performing Healthcare Enterprises, the 2020 ACHE James A. Hamilton Book of the Year Award winner, author Jonathan Burroughs, MD, FACHE, and other nationally respected experts highlight the operational building blocks necessary to engage, align and transform healthcare organizations into integrated delivery systems. Fundamental components for success include cloud-based data storage, disruptive innovation technologies and strategic partnerships that span the globe.
Order your copy from Health Administration Press today, and see Burroughs discuss the essential steps to building a population health program in-person by registering for his session, “Leading in a Changing Environment: Focus on Population Health,” at the 2023 Orlando Cluster, Dec. 11-13. Attendees will earn 12 ACHE Face-to-Face Education credits.
Register for a Free Webinar on Amplifying Diverse Voices
Join leaders from ACHE’s Asian and LGBTQ+ Healthcare Leaders Community Committees and the Association of University Programs in Health Administration for an hourlong panel discussion Nov. 10 about how best to amplify the voices of emerging and diverse healthcare leaders, maintain inclusive environments and welcome leaders to be their whole selves.
In this third installment of our DEI series, panelists will examine the specific obstacles faced by these communities in regard to professional growth and development in healthcare.
Three panelists will make the case for developing a new purpose-driven leadership model that aligns mission and values to achieve organizational effectiveness and enhance an inclusive culture for emerging leaders:
- Amir Farooqi, FACHE, chair, ACHE LGBTQ+ Healthcare Leaders Community Committee/CEO, Central Alabama Veterans Health Care System.
- Michael DeGuzman, FACHE, chair, ACHE Asian Healthcare Leaders Community Committee/director, Mount Sinai Health System.
- Dan Gentry, PhD, president/CEO, Association of University Programs in Health Administration.
This webinar is free and eligible for 1 ACHE Qualified Education credit that can be self-reported by visiting My ACHE.
Students: Submit Entries for Essay Competition by Dec. 4
Students are invited to submit entries for the 2024 Richard J. Stull Student Essay Competition in Healthcare Management.
The competition is open to students enrolled in either a graduate or an undergraduate U.S. or Canadian health administration program that participates in the ACHE Higher Education Network. Cash prizes will be awarded to the first-place, second-place and third-place essayists in both the graduate and undergraduate divisions.
All six finalists will be recognized at the 2024 Congress on Healthcare Leadership, March 25–28.
All submissions are due to ACHE by close of business Dec. 4.
ACHE Announces 2024 Nominating Committee Slate
The ACHE Nominating Committee has selected a slate of leaders to be presented for approval at the Council of Regents Meeting, March 23. All terms begin at the close of the Council meeting. Additional nominations for members of the Nominating Committee may be made from the floor during the Council meeting. Read the full list of nominees.