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With Performance Management, Timing Is Everything—Acting Before It Is Too Late

January 20, 2022

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The past two years have brought significant challenges to the traditional business model of specialty health and human services providers. These challenges include reductions in services related to the pandemic, shifts in consumer preferences for how services are delivered, a new focus on hybrid service models – integrated and virtual, continued transition toward value-based contracting, and new competition from large, well-funded organizations. Many provider organizations have been able to sustain current operations with Paycheck Protection Program grants, but these grants have also masked real performance issues that may threaten future sustainability. Join OPEN MINDS Senior Associates Ken Carr and Ray Wolfe as they discuss how to identify financial performance issues that impact future sustainability and discuss strategies for addressing those financial performance vulnerabilities.

Executive attendees will learn:

  • What metrics to consider when evaluating your organization
  • How to identify financial performance issues
  • Key strategies for addressing performance vulnerabilities

Details

Date:
January 20
Time:
1:00 pm - 2:00 pm
Event Category:
Website:
https://openminds.com/?p=970480

Featured Speakers

Ken Carr, Senior Associate, OPEN MINDS

Ken Carr brings more than 20 years of finance, technology, data analysis, and reporting experience in the health and human services field to OPEN MINDS. In his role of Senior Associate with the OPEN MINDS consulting practice, he has served as a subject matter expert leading numerous engagements in strategic planning, merger and acquisition prospecting, business process improvement, financial analysis of services lines, and technology selection. Prior to joining OPEN MINDS, Carr was chief financial officer of The Centers, a community mental health center in Ocala, Florida, and led a realignment of the organization’s financial management function.

Raymond Wolfe, J.D., Senior Associate, OPEN MINDS

Ray Wolfe, J.D., serves as an OPEN MINDS Senior Associate, bringing over 40 years of experience in the health and human services sector. His expertise includes financial analysis and management, mergers and acquisitions, performance improvement, and strategic planning. Wolfe spent 22 years with Pittsburgh Mercy Health Systems in Pittsburgh, Pennsylvania, prior to joining the OPEN MINDS team.


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