GETTYSBURG, Pa. (July 5, 2021) – OPEN MINDS’ executive seminar, The New CFO Challenge: An OPEN MINDS Seminar On Keeping Your Cost In Sync With Your Rates In A Changing Market will take place in person at The 2021 OPEN MINDS Executive Leadership Retreat. This seminar will focus on value-based contract negotiations and evaluation of market opportunities—from those that minimize risk to the ones that catalyze rapid growth.
Managing for profitability as your organization shifts to value-based reimbursement is the new key to sustainability. A reimbursement model that rewards outcomes instead of inputs requires changes to your C-suite perspectives, operations, and the roles of the traditional care team. It changes the role of the chief financial officer from steward of operations to architect of a stronger, more modern care delivery system.
OPEN MINDS’ senior associates, Ken Carr and Raymond “Ray” Wolfe, J.D. will present this seminar live from 9:00am – 12:15pm on Friday, September 24, 2021. Attendees will explore the new roles of the finance department and do a deep dive into the ins and outs of unit pricing, episode bundling, flexible budgeting, and determination of financial risk tolerances.
“While we are seeing a wave of change in the market, it’s a tsunami in finance,” says Mr. Wolfe. “The CFO, instead of just being the company steward, now must be an innovator, a strategist, a catalyst, and a mentor. They must create new knowledge pools with data analytics, forecasting, and cost accounting to make the essential risk calculations the new environment demands…and they must be willing to take those risks and promote them. It is a massive change in job description and behavior. It may look to many as a insurmountable challenge.”
Ken Carr brings over 20 years of finance, technology, data analysis and reporting experience in the health and human service field to OPEN MINDS. He currently is a Senior Associate with the OPEN MINDS consulting practice. In this role, he serves as a subject matter expert in the consulting practice where he leads numerous engagements in strategic planning, merger and acquisition prospecting, business process improvement, financial analysis of service lines, and technology selection.
Ray Wolfe brings over 40 years of experience in the health and human services sector to the OPEN MINDS team. Mr. Wolfe currently serves as a Senior Associate, a position in which he utilizes his expertise to successfully lead varying projects for OPEN MINDS. His areas of expertise include financial analysis and management, mergers and acquisitions, performance improvement, and strategic planning.
The 2021 OPEN MINDS Executive Leadership Retreat will return to the Wyndham Gettysburg in Gettysburg, Pennsylvania from September 20-24, 2021. The Retreat is the only retreat designed to provide health and human service leaders with the strategy insights, business practice models, and personal resiliency tools they need to tackle the unique challenges of a changing health and human service market in the “next normal.”
Individual registrations for the seminars are available for $125 at https://openminds.com/register-now-elr/. The All-Access Institute Pass to The 2021 OPEN MINDS Executive Leadership Retreat includes both seminars.
Registration is included in Elite-level subscriptions to the OPEN MINDS Circle market intelligence service. For more information on the program, sponsorship opportunities, or media inquiries, contact the Executive Education & Events team, at 717-334-1329 or firstname.lastname@example.org.
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 field 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.