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Speakers

Aaron Stewart
Director of Corporate Finance
LHP Hospital Group

David Janotha
VP, Healthcare Industry
Axiom EPM

Summary

Given today's dynamic healthcare market, provider organizations' planning processes must provide a management framework founded on evaluating alternative views of the future, supporting cost-containment initiatives, and providing meaningful reporting and analysis to impact decision-making.

This webinar describes the proven best practices Texas-based LHP Hospital Group leveraged to optimize its planning process in this new landscape, including: 

  1. Adopting a driver-based model
  2. Efficiently managing rolling forecasts
  3. Embracing "what-if" scenario modeling. 

Attendees will also hear how LHP Hospital Group evolved its financial planning process from being labor intensive and inefficient, to a streamlined model that saves time, enables value-added reporting, and ultimately supports operational and strategic decision-making to adapt to the Affordable Care Act.

After This Webinar You'll Be Able To:

  • Describe how these advancements have allowed LHP Hospital Group to align strategic planning, multi-year forecasts and departmental budgets, ensuring proper resource allocation and planning, all in a single system for their entire company.
  • Articulate the benefits of and approaches to scenario "what-if" modeling for healthcare organizations.
  • Apply some of the same approaches that LHP hospitals use to support decision making to adapt to the Affordable Care Act.

Tools & Takeaways

White paper: Scenario Planning and Modeling in Healthcare

Recommended For:

CFOs, finance executives and directors, financial analysts, accounting directors, and decision-support staff responsible for financial and operational performance at healthcare provider organizations.

Field of Study: Hospital finance including budgeting, forecasting, and planning
Delivery Method: Group Internet
Level: Basic to intermediate
Pre-requisites: Familiarity with hospital finance, including budgeting and forecasting concepts
Prework: None
Contact hours: 1.5

Pricing 

HFMA members: Free

Non-members: $99

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Note: This on-demand webinar is available until Sept. 23, 2015.