Guiding An $8 Million Financial Turnaround: The Spindletop Center Case Study

Guiding An $8 Million Financial Turnaround: The Spindletop Center Case Study

More chief financial officers (CFOs) at health and human services provider organizations are seeing the same problem. Namely, the cost of delivering care is rising faster than reimbursements. While making isolated budget cuts may quickly balance a struggling budget, that approach is unlikely to produce lasting sustainability. Financial executives need to know how to link financial decisions to their organization’s operating strategy. 

In this one-hour live presentation, Denise LeBlanc, chief financial officer at Spindletop Center, will outline how provider organization executives can move from a generalized concern about financial pressure to a disciplined turnaround strategy. The case study portion of the session will include how Spindletop made an $8 million improvement by assessing its own financial position, identifying the operational factors weakening cash flow, reducing expenses, improving efficiency, and realigning resources with organizational priorities. 

Ms. LeBlanc will show how this disciplined approach, built around cash flow, operating efficiency, accountability, and resource alignment, is critical to the strategic planning, decision-making, and change-management processes needed to implement difficult financial changes. 

What This Case Study Explores 

• How to manage sustained improvement through coordination among finance, operations, program leadership, and the executive team 
• How to manage change using reliable financial information, timely decisions, and clear priorities 
• How to materially strengthen performance by replacing reactive cost cutting with a focused, organization-wide strategy 

What Executive Attendees Will Learn  

• The best financial management practices that can be adapted to a wide range of behavioral health and community-based organizations 
• The workforce and change management practices needed during periods of financial restructuring 
• The strategic framework for moving an organization from financial distress toward long-term sustainability and growth 

This event is part of the OPEN MINDS CFO Consortium, developed to provide executives with the tools and capabilities to strategically assess and position their organizations for long-term sustainability and growth. The consortium is open to all paid members. To learn more and sign up, visit https://openminds.com/open-minds-cfo-consortium/. 

Featured Speakers

Denise LeBlanc

Chief Financial Officer, Spindletop Center

Denise LeBlanc, a Groves, Texas native, holds both a Bachelor of Business Administration (BBA) in Finance and Master of Business Administration (MBA) from Lamar University and has more than 35 years of experience in the financial and accounting fields. Denise is proud to work alongside talented, caring individuals who work hard to make a difference in the lives of clients, and does so through the oversight of the finance, facilities management, fleet management, and consumer benefits teams. In addition to being a published author and board member for three local non-profits, Denise is committed to ensuring the assets of Spindletop Center are utilized transparently, responsibly, and purposefully to promote healthy living in our community.