Reopening America: What Hospitals and Health Systems Can Do to Recover
Richard A. Braam

Virtual Think Tank Series

Reopening America: What Hospitals and Health Systems Can Do to Recover

Wednesday, August 26, 2020 • 2:15 PM – 3:15 PM (EDT)

The COVID-19 pandemic continues to affect every industry and sector and the entire U.S. economy is straining under the weight of falling GDP and rising unemployment. Within the healthcare industry, hospitals are on the frontlines and most vulnerable to economic disruption as they face supply chain challenges and hits to revenue, liquidity and investment portfolios. Executives need to strategize new ways to drive down unit cost and minimize sunk costs in the midst of the pandemic.

In this timely and highly relevant session, based on real-time feedback from Chief Financial Officers of Hospital and Healthcare Systems across the U.S, participants will engage with one another and learn how to increase flexibility to re-configure resources to meet changing market needs in the midst of COVID-19.

Executives will discuss how they are adapting during this time, and consider strategies for ensuring their facilities are functioning and generating revenue to meet today’s challenges and to be sustainable over the coming months.

  • Strategies to remove inefficiencies in an employed staffing model
  • Collaborating with outlets with critical mass to address all patient types including facility and pro-fee
  • Converting coding costs from fixed cost to variable cost
Richard A. Braam
Not-For-Profit Accounting & Finance Consultant

Not-for-profit accounting and finance executive with 35 years of healthcare experience that expanded into the operational oversight of non-clinical hospital operational functions. Has over 12 years of experience in Vice President Finance/Chief Financial Officer roles with experience across the full continuum of care from physician practices, acute care, skilled nursing facilities, and hospice & home care services. Areas of expertise include debt financing, treasury management, revenue cycle, risk management, outsourcing arrangements and accounting process redesign.

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