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News | Cost of Care

HFMA's virtual Cost Effectiveness of Health Summit May 6-7 addresses the healthcare industry's continuous spending growth and explores a more sustainable model

News | Cost of Care

HFMA's virtual Cost Effectiveness of Health Summit May 6-7 addresses the healthcare industry's continuous spending growth and explores a more sustainable model

  • HFMA’s virtual Cost Effectiveness of Health Summit May 6-7 will address the industry’s trajectory of continuous spending growth and discuss strategies healthcare organizations can use to move toward a more sustainable model of providing quality healthcare.
  • The Summit is a virtual conference bringing together some of the best minds in healthcare and healthcare finance to determine how the industry can become more cost-effective.
  • To access this premium content, members and nonmembers can visit the Summit page and register to participate.

HFMA’s virtual Cost Effectiveness of Health (CEOH) Summit May 6-7 will focus on minimizing cost and maximizing outcomes in healthcare.  Leaders will learn about the direction required for organizations to begin the CEOH journey during the Summit presentations and breakout discussions during both half-day sessions.

“The Summit is a virtual conference bringing together some of the best minds in healthcare and healthcare finance to determine how to transform the industry from its path of continuous growth to becoming more cost-effective,” said Katie Gilfillan, HFMA’s director of professional practice and clinical relationships.

The goal of the Summit is to create cross-discipline conversations among leaders from finance, revenue cycle, clinical, and data and technology teams within hospitals and health systems, and also those working for other organizations focused on optimizing health and streamlining costs. 

To participate in this premium content, members and nonmembers can visit the Summit page and register for this educational event.

May 6 agenda

HFMA President and CEO Joseph J. Fifer, FHFMA, CPA, kicks off the summit with the Opening Session: Cost Effectiveness of Health, reviewing why healthcare leaders must focus on the goal of reducing costs and optimizing outcomes across the care continuum. 10 a.m.-10:15 a.m. CT

Join presenters Blair Bellamy, EY partner, and Leisa Maddoux, EY managing director, for the session Redesigning Care for Success in New Payment Models to learn how the pandemic upended clinical operations, causing health systems to reconsider and redesign traditional care models. Learn why physician alignment and buy-in, accompanied by effective virtual and telehealth delivery models, are key ingredients for future success. 10:15 a.m. to 11 a.m. CT

Breakout Discussion Groups 11 a.m. to 11:30 a.m. CT

Learn how leading organizations have approached COVID-19 with the ability to be agile and successfully push out their cost-savings goals during the Successful Cost Reduction Strategies in the Wake of COVID-19 session, led by John Baker, Strata Decision Technology’s director of continuous improvement. Participants will learn how to calculate savings, prepare an accountability and governance structure to guide recovery and review an outline of specific areas in which their organizations can look for top- and bottom-line savings. 12 p.m. to 12:45 p.m. CT

Breakout Discussion Groups —  12:45 p.m. to 1:15 p.m. CT

May 7 agenda

There’s no doubt the healthcare industry is facing major impacts on future service utilization because of COVID-19. The Financial Sustainability: Optimizing System and Service Line Operations Across the System of Care session reviews health system mitigation strategies, including investing in the right sites of care, managing the shift of procedures to outpatient settings and navigating the impact of payer mix deterioration. Other topics to be discussed in this session include:

  • Strategies for future investments to meet the evolving healthcare needs of consumers, patients and communities
  • The migration out of acute care and the future role the ED will play in patient flow 11:15 a.m. to 12:00 p.m. CT

Breakout Discussion Groups 12 p.m. to 12:30 p.m. CT

Join Suzie Desai, senior director with S&P Global Ratings, for a discussion on specific areas that rating agencies are monitoring and the anticipated short- and long-term impact of the global pandemic during the session, The Post COVID-19 Impact on the Healthcare Sector.

Desai will also address the anticipated impact of the financial stimulus package and of executive actions and other legislation. 1 p.m. to 1:50 p.m. CT 

About the Author

Deborah Filipek

is a senior editor with HFMA, Westchester, Ill.

Sign up for a free guest account and get access to five free articles every month.

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