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A New Method for Evaluating the Operating Economic and Financial Performance of Clinical Service Line Strategies-What You Won’t Learn in Finance 101
October 12, 2015 @ 9:00 am to 12:00 pm
Free
The Minnesota Chapter of ACHE Presents:
A New Method for Evaluating the Operating Economic and Financial Performance of Clinical Service Line Strategies-What You Won’t Learn in Finance 101
Monday, October 12, 2015
9:00 – 10:00 AM > Sign In/Networking
10:00 – 12:00 PM > Programming
University of Minnesota
McNamara Alumni Center, Ski-U-Mah Room
200 Oak Street SE
Minneapolis, MN 55455
This program will provide members with 2.0 qualified education credits
Description:
A large majority of U.S. health systems are, or will, pursue clinical service lines as a principal strategy. Tactics include a range of:
- Subspecialty program designs
- Geographical services expansions
- Expansive asset investment plans
- Varieties of partnership schemes
What isn’t well understood is whether health systems are expanding clinical service lines economically or dis-economically. Health systems can and do “scale-up” clinical service lines dis-economically under the assumptions that geographical reach and market share expansions are always of required value.
Learning Objectives:
- Provide participants with a market perspective on clinical service line developments
- Provide a case example of a clinical service line expansion plan, including related strategic, operational, financial management and capital investment complexities and options.
- Demonstrate a novel model for evaluating the returns performance for the” scaling-up” of complex clinical service line strategies; a model that won’t be found in conventional evaluation models and methods.
Speaker Bio:
Daniel K. Zismer, Ph.D.
Dr. Zismer serves as Professor in the Division of Health Policy and Management, School of Public Health, University of Minnesota, where he is Chair and Director of the Masters in Healthcare Administration and Executive Studies Programs. He also serves as The Wegmiller Professor in Healthcare Administration and as Adjunct Associate Professor, Division of Medicine, Medical School, University of Minnesota. His areas of interest are the design, strategy, operations and financial performance of integrated health systems.
Prior to joining the University of Minnesota, Dr. Zismer focused a 20 year career in health care on provider-side mergers, acquisitions and related integrated strategies. He served as the head of two national healthcare consulting firms (one he co-founded and sold) and headed operations of a large, multi-state, integrated health system.
Dr. Zismer serves as a frequent lecturer to the American College of Healthcare Executives, American College of Physician Executives, and is a board member and advisor to a private, healthcare real estate development company. He has authored and co-authored in excess of 100 professional publications and was named by Minnesota Physician as one of the most influential healthcare leaders in Minnesota.
Speaker Bio:
David A. Schuh, CPA
PROFILE
David Schuh is a principal at CliftonLarsonAllen LLP with 25 years of accounting and advisory experience. David provides national leadership to the Health Care Group’s strategic financial and capital planning services.
TECHNICAL EXPERTISE
David has provided leadership and direction to organizations in the area of strategic financial and capital planning. He has completed numerous financial and capital allocation plans for organizations ranging from small rural hospitals to large multi-state health care systems. He also consults with a number of organizations on the design and maintenance of a formal, ongoing capital allocation process. He has provided leadership to major financial projects including mergers of academic and community hospitals, physician and faculty reimbursement and financial incentive programs. He has extensive experience in the financial integration and analysis of hospitals and hospital based clinic services. He has prepared numerous internal and external use feasibility studies to support facility financing and investment. He has also worked extensively with financial and operational analyses around new facility and clinical program development.
EDUCATION/PROFESSIONAL INVOLVEMENT
David is a certified public accountant and a member of the Minnesota Society of Certified Public Accountants, the American Institute of Certified Public Accounts, and the Iowa Health Care Financial Management Association. He received his Bachelor of Science degree in Business Administration (Magna Cum Laude) from Northern State University.