At the recent HFMA Region 8 Mid America Summer Institute, top CFOs shared their insights on navigating the ever-evolving landscape of healthcare finance. Moderated by HFMA President and CEO C. Ann Jordan, J.D., the panel included Michael Dewerff, CFO of Bryan Health, Austin Willuweit, CFO of Monument Health, Jana Cook, MBA, CPA, CFO of Phelps Health, and Sandra Christensen, CFO of MercyOne. Here are 5 key takeaways: 👉 Automation & AI: Using AI and automation is key to bridging staffing gaps and boosting revenue efficiency, from eligibility checks to advanced coding. 👉 Medicare Advantage: Regional plans are more cooperative, but national Medicare Advantage plans pose challenges, especially for Critical Access Hospitals. 👉 Consumerism & Transparency: Educating patients through tools like the MyChart app enhances transparency, helping them understand costs and make better decisions. 👉 Cybersecurity: Drills, plus strong vendor checks and cash management are essential for breach preparedness and to ensure financial stability during disruptions. 👉 Innovation: New technologies, such as mini surgical robots and virtual nursing are improving patient care and efficiency, with all innovations carefully vetted for impact. Discover more insights and detailed strategies by reading the full article 👉 https://lnkd.in/gMjh7ax2 #healthcarefinance #healthcareanalytics #hfma
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On Thursday, November 7, Benjamin Mirtes, Chief Financial Officer of Ingenovis Health, will provide practical strategies at the Staffing Industry Analysts (SIA) Summit in Arlington, TX. He will speak on a panel titled "Leading the Downturn: Practical Advice for a Tough Market." Ben, along with other healthcare leaders, will offer actionable advice for navigating market downturns and emerging stronger and more adaptable. Don't miss this session: https://lnkd.in/ejkWhqr8 #SIA #IngenovisHealth #HealthcareSummit
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Chief Marketing Officer at Ingenovis Health, parent company to eight category-leading healthcare workforce solution providers; Forbes Communications Council
Anyone currently navigating the wildly volatile world of #healthcarestaffing will find a relatable moment in the wise words of Ingenovis Health #CFO Benjamin Mirtes and his peers tomorrow at the Staffing Industry Analysts #HCStaffSummit. See you there! #staffing #staffingleaders #staffingexecutives #staffingfirms
On Thursday, November 7, Benjamin Mirtes, Chief Financial Officer of Ingenovis Health, will provide practical strategies at the Staffing Industry Analysts (SIA) Summit in Arlington, TX. He will speak on a panel titled "Leading the Downturn: Practical Advice for a Tough Market." Ben, along with other healthcare leaders, will offer actionable advice for navigating market downturns and emerging stronger and more adaptable. Don't miss this session: https://lnkd.in/ejkWhqr8 #SIA #IngenovisHealth #HealthcareSummit
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We automated "A Framework for Health System Execs: Evaluating Digital Health Companies" https://lnkd.in/eHwhHZZQ Health system execs can input a vendor name and the system will create a rating for the vendors based on the framework. Here's the link to the automated tool (public beta): https://lnkd.in/eHwhHZZQ Thanks to David H Berger, MD, MHCM at Downstate Health Sciences University and to Chris Cheng at Icahn School of Medicine at Mount Sinai for collaborating with me on making this tool a reality. We are continually grateful for the insights, additions and commentary from the following people on the original Framework used for making this tool: Maya Ber Lerner, Jennifer Miles-Thomas, Russell Joye, Saumitra Thakur, Vadim Gordin, Erik Pupo, Gayle Mandin, Spencer Dorn, John Dayton, MD, Dr. Sahana Sharan, MPA, Dr. Azizi Seixas, Graham Walker, MD, Joshua Liu. To see the original framework, visit https://lnkd.in/evZxfi_m
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Even as someone that has been working in healthcare IT for over a decade, I can confidently say that more tech isn't always better tech. Creating a framework for stepping back, evaluating your organization's needs and gaps, and understanding what products are out there that might help (or if the tech you have now will do it 90% as well without the additional integration) is a huge step in the right direction. Check out this framework our very own Erik Pupo worked on with AvoMD:
We automated "A Framework for Health System Execs: Evaluating Digital Health Companies" https://lnkd.in/eHwhHZZQ Health system execs can input a vendor name and the system will create a rating for the vendors based on the framework. Here's the link to the automated tool (public beta): https://lnkd.in/eHwhHZZQ Thanks to David H Berger, MD, MHCM at Downstate Health Sciences University and to Chris Cheng at Icahn School of Medicine at Mount Sinai for collaborating with me on making this tool a reality. We are continually grateful for the insights, additions and commentary from the following people on the original Framework used for making this tool: Maya Ber Lerner, Jennifer Miles-Thomas, Russell Joye, Saumitra Thakur, Vadim Gordin, Erik Pupo, Gayle Mandin, Spencer Dorn, John Dayton, MD, Dr. Sahana Sharan, MPA, Dr. Azizi Seixas, Graham Walker, MD, Joshua Liu. To see the original framework, visit https://lnkd.in/evZxfi_m
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Healthcare Leadership | Driving Innovation in Healthcare | AI Strategist | Revenue Cycle & HIT Expert
In the ever-expanding universe of digital health, discerning the right partners is paramount. I'm thrilled by a new framework that champions a holistic evaluation, intertwining the insights of #health system executives, #tech pioneers, and #thought leaders. It's a testament to the power of collective #wisdom. At its core, this framework underscores the essence of problem-solving, #trust-building, and #security - all pivotal in nurturing a symbiotic #relationship between #health systems and digital health vendors. It's not just about what these companies offer, but how they align with the intricate tapestry of healthcare needs. What resonates deeply with me is the acknowledgment that validation isn't a solitary #journey. It's a chorus of #diverse perspectives, each adding #depth and #dimension to our understanding. In a realm where #augmentedintelligence is reshaping boundaries, adopting an aggressively #defensive stance isn't just #wise; it's imperative. As we navigate this #digital frontier, let's embody this multidisciplinary approach. It's our archetype in ensuring that innovation doesn't just dazzle but truly delivers. Absolutely Awesome Erik Pupo #DigitalHealth #HealthcareInnovation #CollaborativeWisdom #AugmentedIntelligence #AIGovernance #Justice #Trust #Betterfuture
We automated "A Framework for Health System Execs: Evaluating Digital Health Companies" https://lnkd.in/eHwhHZZQ Health system execs can input a vendor name and the system will create a rating for the vendors based on the framework. Here's the link to the automated tool (public beta): https://lnkd.in/eHwhHZZQ Thanks to David H Berger, MD, MHCM at Downstate Health Sciences University and to Chris Cheng at Icahn School of Medicine at Mount Sinai for collaborating with me on making this tool a reality. We are continually grateful for the insights, additions and commentary from the following people on the original Framework used for making this tool: Maya Ber Lerner, Jennifer Miles-Thomas, Russell Joye, Saumitra Thakur, Vadim Gordin, Erik Pupo, Gayle Mandin, Spencer Dorn, John Dayton, MD, Dr. Sahana Sharan, MPA, Dr. Azizi Seixas, Graham Walker, MD, Joshua Liu. To see the original framework, visit https://lnkd.in/evZxfi_m
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📄 A (Great & Simple) Framework for Health System Execs and Innovation Teams to Evaluate Digital Health Companies. → Aim to solve specific problems What part of healthcare: back office, front office, operational efficiency, direct clinical care? Does this solve a big problem area for you? → Establish Trust - Do you trust the people? Who is the team, and their experience? (For clinical care) Does anyone on the team have clinical experience? Do you trust them to both implement and grow with you? - Is the vendor established in the market? How many other places have adopted it? Success at other places? (For clinical care) User experience and adoption? References? References can be very hit or miss with digital health vendors - you’ll only be presented with an opportunity to connect with a favorable reviewer. - If the vendor is a new player: How will they de-risk for you? Be hyper-specific in understanding the vendor’s level of experience with enterprise organizations. It can be beneficial to be the “guinea pig” (i.e., an early enterprise-size client) because you can have an outsize influence in shaping a nascent product, but certainly, be mindful of overpromising/underdelivering from vendors. Need to feel a deep level of trust in commitment from the vendor before agreeing to be an early enterprise client. No easy yardstick here - this perspective will emerge from health system interactions/conversations with operators and C-levels at the vendor. Trust your gut if you feel like you’re being oversold. → What’s the business model? Is there shared risk in the business model? How will the vendor prove ROI quickly? What stage are they (lifecycle), funding? Will the vendor itself survive? → Ensure Security SOC-2 Type 2 or HITRUST, dependent on the type of data (PHI) involved and access granted. At a minimum, HIPAA secure. → Understand launch and other implications What does implementation look like? (Change management/support?) A playbook for change management and support. If the CEO is directly involved, may indicate more “white-glove” service. What does success look like? Who owns/can use the data? Full document and thanks Yair Saperstein, MD MPH!
We automated "A Framework for Health System Execs: Evaluating Digital Health Companies" https://lnkd.in/eHwhHZZQ Health system execs can input a vendor name and the system will create a rating for the vendors based on the framework. Here's the link to the automated tool (public beta): https://lnkd.in/eHwhHZZQ Thanks to David H Berger, MD, MHCM at Downstate Health Sciences University and to Chris Cheng at Icahn School of Medicine at Mount Sinai for collaborating with me on making this tool a reality. We are continually grateful for the insights, additions and commentary from the following people on the original Framework used for making this tool: Maya Ber Lerner, Jennifer Miles-Thomas, Russell Joye, Saumitra Thakur, Vadim Gordin, Erik Pupo, Gayle Mandin, Spencer Dorn, John Dayton, MD, Dr. Sahana Sharan, MPA, Dr. Azizi Seixas, Graham Walker, MD, Joshua Liu. To see the original framework, visit https://lnkd.in/evZxfi_m
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Speed-to-data is key when working to transform your health system to a data- driven learning organization. This article is a great representation of what that feels like for an organization.
Recently, Becker’s engaged in a discussion with leaders from Intermountain Health in Salt Lake City and the Ottawa Hospital in Ontario. These forward-thinking institutions have embraced MDClone’s self-service data platform and the ADAMS Center performance improvement model to revolutionize how they extract insights and drive action across multiple domains. From improving operational efficiencies and clinical outcomes to driving research, these thought leaders share their experiences in a new world of “speed to data.” https://shorturl.at/jkx14
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Our analyst, Raphael Oesch, CFA, travelled to stormy Miami Beach, where he faced 72+ hours of nonstop rain and repeated flood warnings to attend the 45th annual GS Global Healthcare Conference. His key takeaways are as follows: ➡ Healthcare continues to experience strong utilization, as long term drivers "innovation" and "aging population" are expanding existing and creating new markets. ➡ The relative performance of healthcare depends on generalist investors to broaden their investment theme beyond AI. Increased M&A activity could push healthcare back on the agenda #healthcareinvestments
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Key takeaways from The Future of Health Data hosted by Datavant
As we reflect on a number of impactful takeaway's from this week's Future of Health Data event that Datavant hosted in Washington, D.C., we wanted to share a couple of themes that stood out: 🗂 One Chart, Multi-Use: Sarah M. London shared that data reusability is a key consideration as Centene Corporation seeks to scale the use of clinical data across multiple programs. 🤝 Aligned Incentives: The industry continues to drive more payer and provider collaboration, yet modernized program requirement's (e.g. quality measurement/NCQA) are needed to drive alignment and reduce friction between these stakeholder groups. 👩💻 Extending Clinical Data Value: Kyle Armbrester observed the industry's shift from focusing on connectivity, to advancing curated, use-case specific data when and where it is needed across the healthcare ecosystem. 📸: William Kinsman. Ramou Iscandari, Mia Bolton, Teddy Gedamu
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♟ It’s important to have a strategy when implementing new technology for healthcare data.️ Start with manageable and adaptable projects that have a direct and positive impact on users. In Season 2 Episode 3 of "Unlocking Big Data," presented by HIMSS, Julius Bogdan, VP and General Manager, Digital Health Advisory North America, HIMSS, and Mary Kuchenbrod, Vice President of Data Operations at Arcadia discuss accuracy and reliability in healthcare data. Hosted by Indu Subaiya MD, MBA, MFA of HIMSSTV. Watch the full episode: https://bit.ly/4963wze #healthcaredata #dataaccuracy #HIMSS
Healthcare Service Line ProfitAbility Expert and Consultant
4moGreat summary information. Thank you!