Coordinated Care Services Inc. Fiscal Practice Leader To Present Financial Modeling For Value-Based Contracts
Gettysburg, Pa. (May 14, 2023) —With the development of new alternative payment models, creating financial models to test clinical models of care is an essential skillset for finance departments. On May 18 at 1:00 PM ET, David Wawrzynek, Senior Director of Fiscal Practice Improvement at Coordinated Care Services Inc. (CCSI) will discuss the essential components of a financial model during the OPEN MINDS Executive Roundtable, Financial Modeling For Value-Based Contracting.
During this one-hour live presentation, Mr. Wawrzynek will discuss how to incorporate the concept of quality into the clinical and financial models, as well as how to create a relationship between cost drivers and cost projections. He will also discuss the variables in a financial model that are critical for financial success and how to use a financial model to project potential revenue reimbursement methods.
“Success in a value-based contract depends on aligning your actual costs and cost assumptions,” said OPEN MINDS Chief Executive Officer, Monica E. Oss. “From fixing negative margins, to budgeting a new service, to determining how to price outcomes-based services, financial modeling is critical for making good decisions.”
To register for the 1:00 p.m. ET, May 18 event, visit https://register.gotowebinar.com/register/4838390353503440728. 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/.
The May 18 Circle Elite Executive Roundtable is offered as part of a weekly series designed to help executive teams navigate the business, organizational, operational, and cultural changes of a market in turbulence during (and after) the COVID-19 crisis. Each one-hour briefing outlines a field-tested approach for recovering from the crisis and developing a plan for organizational sustainability. Once an exclusive benefit to Elite members of the OPEN MINDS Circle, these impactful sessions are now available to all OPEN MINDS subscribers and available on demand.
David Wawrzynek, Senior Director of Fiscal Practice Improvement, CCSI
David Wawrzynek has years of experience as both a clinician and chief financial officer (CFO), combined with a passion for building practical business models for decision-making. He is a Senior Director of Fiscal Practice Improvement for CCSI and for 32 years was Senior Vice President for Finance and Chief Financial Officer at Spectrum Human Services, which is a private, nonprofit community mental health organization in Western New York. David has more than 44 years’ experience in public behavioral health and, in his career, has worked as a substance abuse counselor, mental health clinician or supervisor, clinical program director, and executive management CFO. David has joined his clinical training and experience with his business and financial training and experience to bring a unique perspective and set of skills to the efficient and effective management of behavioral health services. As a member of executive management, David has designed, implemented, and monitored systems to support information technology, human resources, billing, budgeting, financial modeling and reporting, site operations, risk management, security, and change management. Over the last 15 years, David has focused on the development of analytic data and financial modeling tools and communication and knowledge management supports to transform raw data into meaningful information to enable more effective strategic and operational insights and decision-making.
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.
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. Learn more at www.openminds.com.