OPEN MINDS Announces CFO Consortium Roundtable On Aligning Financial Resources With Strategic Technology Plans
Gettysburg, Pa. (November 5, 2023)— Investment in technology is a key component of organizational strategy. One role of the chief financial officer (CFO) includes ensuring that technology investments align with strategy. On November 16 at 1:00 PM ET, OPEN MINDS Senior Associates Dee DeWitt and Ken Carr will discuss the challenges and opportunities CFOs face as they align financial resources to drive the strategic technology plan in Aligning Resources To Drive The Strategic Technology Plan.
“How health and human service provider organizations succeed with a digital transformation that can create competitive advantage will be a defining factor in future success,” said OPEN MINDS Chief Executive Officer, Monica E. Oss. “The key for every executive team is to sync their strategy for financial sustainability.”
Executive attendees of this session will learn:
- A process to align the technology plan with the strategic plan.
- Examples of using technology budgeting to leverage staff and resources to operate more efficiently and create a competitive advantage.
- How to assess the ROI between different technology options by estimating potential revenue increases or cost reductions.
To register for the 1:00 p.m. ET, November 16 event, visit https://register.gotowebinar.com/register/5915279533588350550. There is no cost to register, but a free membership in the OPEN MINDS Circle is required.
This roundtable is part of The OPEN MINDS CFO Consortium developed to provide executives with the tools and abilities to strategically assess and position their organizations for long-term sustainability and growth. The consortium is open to all Elite members, to learn more and sign up, visit https://openminds.com/store/cfo-consortium/.
Speaker Bios
Dee DeWitt, Senior Associate, OPEN MINDS
Dee DeWitt has extensive experience as a consultant and corporate leader in the healthcare field. Mr. DeWitt brings over 28 years of experience in healthcare finance and operations, M&A, use of technology, strategic planning, and change management in healthcare organizations to OPEN MINDS as a Senior Associate. Previously, Mr. DeWitt was the Chief Financial Officer and Chief Operating Officer of Momentum for Health, a CARF-accredited non-profit behavioral health organization providing services to individuals with a diagnosed serious mental illness (SMI) and/or substance abuse disorder, in San Jose, California. During his tenure, Mr. DeWitt increased outpatient productivity by 25% and contributed to growing revenues from $55 million to a projected $71+ million for the fiscal year of 2023. Mr. DeWitt also oversaw Momentum ‘s pilot with Santa Clara County’s transition to Netsmart Provider Connect and led a successful grant award and implementation of a multi-year paid intern program in partnership with Santa Clara University, San Jose University, and Palo Alto University.
Ken Carr, Senior Associate, OPEN MINDS
Ken Carr brings over 20 years of finance, technology, data analysis, and reporting experience in the health and human service fields to OPEN MINDS. He is currently a Senior Associate with the OPEN MINDS consulting practice. In this role, he served as a subject matter expert in the OPEN MINDS consulting practice, where he has led numerous engagements in strategic planning, merger and acquisition prospecting, business process improvement, financial analysis of service lines, and technology selection. Before joining the OPEN MINDS team, he served as the Chief Financial Officer of The Centers, a community mental health center in Ocala, Florida. In this position, Mr. Carr led a realignment of the organization’s financial management functions. This included revenue cycle management, EHR bill implementation and reporting, cash management enhancement, and strategic financial analysis.
About OPEN MINDS
OPEN MINDS is a national market intelligence, management consulting, and marketing services firm specializing exclusively in the markets of the health and human service fields that serve consumers with chronic conditions and complex support needs. OPEN MINDS mission is to provide payers, service provider organizations, and technology and scientific firms that serve these consumers with the market and management knowledge needed to improve their organizational efficiency and effectiveness. Learn more at www.openminds.com.