Wednesday, July 15: 3D Financial Strategy 

Diversify. Diversify. Diversify. Consider all the sides to a healthy portfolio and hear new strategies in cost transformation, process improvement and financial performance management. The day will kick off with a panel discussion on how health sytem leaders will have to adapt to the disruption of COVID-19, followed by strategic sessions that will provide insights into managing risk and improving the financial performance of health systems.

Information on CPE credits

Day at a glance

10 – 11:05 a.m., CT Featured General Session
11:05 – 11:15 a.m., CT Break
11:15 a.m. – 12:05 p.m., CT Concurrent Sessions
12:05 - 12:15 p.m., CT Break
12:15 – 1:45 p.m., CT Executive Connections
1:45 – 2:35 p.m., CT Concurrent Sessions
2:35 – 2:45 p.m., CT Break
2:45 – 3:35 p.m., CT Concurrent Sessions

Session Descriptions

Navigating Through a Pandemic (GS5)

Overnight, COVID-19 has disrupted the healthcare delivery and financing landscape in ways that are both obvious and subtle. As health system leaders navigate through the pandemic, they will need to re-evaluate their strategic plans and related capital priorities to ensure they are aligned with both the social and economic realities in their markets.

Date and Time

July 15, 10:15 – 11:05 a.m., CT

How One Health System Transformed Costs for a Post-COVID Future (G01)

Attendees will learn about cost transformation from a health system undergoing comprehensive, long-term restructuring and performance improvement. A Virtua Health executive will discuss how the acquisition of Lourdes Health was the impetus to rethink the entire organization and share the challenges and successes of such a broad initiative.

Date and Time

July 15, 11:15 a.m. – 12:05 p.m., CT

Rapid Fire Case Studies (G02)

Strategies toward financial sustainability and margin improvement are the current focus of healthcare executives—hear case studies from organizations embarking upon efforts in cost management, revenue enhancement, business restructuring and clinical transformation.

Date and Time

July 15, 11:15 a.m. – 12:05 p.m., CT

Sponsored by

Achieving Cost Savings Through Financial, Operational, and Clinical Collaboration (H01)

This session will use real-world examples from The Johns Hopkins Hospital to illustrate opportunities for cost savings; a framework for managing financial performance improvement across an enterprise; and how finance, operations, and clinicians can collaborate for success.

Date and Time

July 15, 1:45 – 2:35 p.m., CT

Social determinants and the opportunity zone program (H02)

The Tax Cuts and Jobs Act of 2017 offers tax benefits to taxpayers reinvesting capital gains in special funds aimed at lifting low-income communities. The program has significant implications for groups addressing the social determinants of health, offering a massive new source of private funding.

Date and Time

July 15, 1:45 – 2:35 p.m., CT

Understanding the Semantics and Execution in Contract Negotiations  (J01)

A medical center CEO will explain his role in facilitating contracting collaboration with the medical staff, health plans, and with legal counsel for effective and efficient implementation in executing contracts. Learn about successful tools, strategies, and case studies for negotiating terms and identifying opportunities in health plan agreements and physician contracts.

Date and Time

July 15, 2:45 – 3:35 p.m., CT

Healthcare Evolution: Revenue Protection in an Era of Uncertainty (J02)

Payment uncertainty in the U.S. healthcare system has become an exhaustive burden for all stakeholders — and further amplified by COVID-19. Healthcare costs and inconsistent volumes demand a holistic, long-term strategy for financial viability. At the same time, legislative reform and regulatory attempts to address shortfalls in quality, cost, and outcome have stalled, perpetuating inefficiencies and burdensome rules that add expenses instead of removing them. This session will offer effective strategies to help healthcare providers protect their earned revenue and empower frictionless, positive patient experiences.

Date and Time

July 15, 2:45 – 3:35 p.m., CT