Margin and Mission: A Practical Framework for Achieving Financial Sustainability

‘Health systems, especially academic medical centers, have been increasingly challenged financially in the last five years. Achieving financial sustainability is a complex endeavor that demands a comprehensive review of the enterprise's operations, service line planning, stakeholder buy-in and careful execution of other margin-improving initiatives. Each of these steps requires a multidisciplinary approach to be successful and is accompanied with its own set of obstacles and barriers. This session offers practical tools and tips from key stakeholders responsible for not only overcoming said barriers but also executing on financial sustainability initiatives within Cleveland Clinic Florida. Perspectives from finance, physicians and operations will shine a light on what actionable steps health systems can take to realize positive margins and sustain their missions of serving patients.

Learning Objectives:

• Develop a practical toolkit that sustainability stakeholders can institute within their own health systems.
• Promote solutions to address, solve or remove obstacles and barriers that hinder sustainability goals.

Speakers:

Hemal Prasad, CPH, CAPM
Program Manager, Financial Sustainability
Cleveland Clinic Florida

Charmaine Rochester, DHA, FACHE, CPA, FHFMA
CFO
UC Health

Sarah A. Vogler, MD
Cleveland Clinic Florida Chief of Staff/Colorectal Surgeon
Cleveland Clinic

Alena Taylor
Principal
PwC

Continuing Education Credit

ACHE Qualifying Education Credit

This recording is eligible for 1.5 ACHE Qualifying Education credit.

ACHE Education credits will be automatically updated in your My ACHE account upon completion of the recording.

Interprofessional Continuing Education Credit

In support of improving patient care, the American College of Healthcare Executives is jointly accredited by the Accreditation Council for Continuing Medical Education (ACCME), the Accreditation Council for Pharmacy Education (ACPE), the American Nurses Credentialing Center (ANCC), and the American Academy of PAs (AAPA) to provide continuing education for the healthcare team.

This activity was planned by and for the healthcare team, and learners will receive a maximum of 1.5 Interprofessional Continuing Education (IPCE) credit for learning and change. For further information about Joint Accreditation credits and certificates, please click here.

Physician Continuing Medical Education

The American College of Healthcare Executives (ACHE) designates this live activity for a maximum of 1 AMA PRA Category 1.5 Credits^™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.

Continuing Nursing Education

The American College of Healthcare Executives designates this live activity for a maximum of 1.5 contact hours of continuing nursing education.

Continuing Pharmacy Education

The American College of Healthcare Executives designates this knowledge-based activity for a maximum 1.5 contact hours of continuing pharmacy education credit. 

Continuing Social Work Education

The American College of Healthcare Executives designates this knowledge-based activity for a maximum 1.5 contact hours of continuing social work education credit.

Physician Associate/Physician Assistant Continuing Education

The American College of Healthcare Executives has been authorized by the American Academy of PAs (AAPA) to award AAPA Category 1 CME credit for activities planned in accordance with AAPA CME Criteria. This activity is designated for a maximum of 1.5 AAPA Category 1 CME credits. PAs should only claim credit commensurate with the extent of their participation.