OPEN MINDS Advisors Discuss The Shifting Reimbursement Market At Annual Performance Management Institute

OPEN MINDS Advisors Share Insight On Reducing Unit Costs To Reflect Lower Market Rates At The 2016 OPEN MINDS Performance Management Institute

OPEN MINDS released the presentation, Reengineering Your Unit Costs: How To Reduce Your Unit Costs When Market Rates Go Down, which was originally presented by Joseph P. Naughton-Travers, Ed.M., Senior Associate, OPEN MINDS, and Ken Carr, Chief Financial Officer, The Centers, Inc., at the 2016 OPEN MINDS Performance Management Institute in Clearwater Beach, Florida, on February 12, 2016.

Unit cost management is a critical management team competency that can be addressed through target costing – a pricing method which takes into account a desirable profit margin as well as the rates of competitors – and value reengineering – a key tool for reducing unit costs through the redesign of processes and infrastructure. In this presentation, Joseph P. Naughton-Travers and Ken Carr discussed the shifting reimbursement market, as well as how to manage unit costs in the shifting landscape to accommodate the market rate, while improving quality and increasing sales.

The new presentation is available to Premium & Elite members of the OPEN MINDS Circle, an online subscription service, via the following link: https://www.openminds.com/market-intelligence/resources/reengineering-your-unit-costs-how-to-reduce-your-unit-costs-when-market-rates-go-down.htm/

OPEN MINDS is a national strategic advisory firm specializing in the sectors of the health and human service industry serving individuals with complex support needs: mental health; addiction treatment; children & family services; intellectual & developmental disabilities; chronic disease management; long term care; social services; correctional health care, reentry & diversion; and juvenile justice.

Founded in 1987 and based in Gettysburg, Pennsylvania, the 75+ associates believe by providing the latest market intelligence and management best practices to organizations serving the health and social support needs of the most vulnerable consumers, those organizations will be better able to provide efficient and effective services. Learn more at www.openminds.com.