Catalog Number : agw1564
Title : Implications of the Economic Crisis for Hospitals: Strategies to Stay Afloat
Speaker : Pam Waymack

Webplay Recording Date : 1-15-2009
Webplay Price : $ 150 for two weeks viewing

Webinar Overview:

Is healthcare recession-proof? No matter what the economy does, people still have healthcare needs. But even recessions impact the financial performance of healthcare organizations, regardless of continued demand for services.

Though the current economic downturn is not officially labeled a recession, all indicators are that the country is in the midst of recession that could last for years. And while the crisis was born from defaulting subprime mortgages in the financial markets, it has rippled into the rest of the American economy. Healthcare has not been spared the ill effects.

Join Pam Waymack, who will share her research on the implications of Wall Street's crises to your hospital:

• How it will affect your hospital, your physician providers and payors?
• Where will it impact your Hospital ?
• How viable is your Hospital?
• What are the best strategies for surviving?
• What lies ahead with a new president, a new congress and the continuing decline of key financial indicators?

Target Audience: 

• Health plans
• Health systems
• PHO
• IPA's
• Hospices
• Pharmaceutical Companies
• Disease Management Companies
• Medical Device Manufacturers
• Healthcare Technology Companies
• TPAs
• PBMs
• Associations
• Government agencies, and employers with titles:
  • CEOs
  • CFOs
  • COOs
  • Executive Directors
  • Administrators
  • Vice President of Operations
  • Vice President of Finance
  • Business Development
  • Strategic and Implementation Consultants
  • Operations Executives
  • Planners
  • Product Managers
  • Knowledge Managers
  • Department Heads
  • Human Resource Benefit Managers
  • Network Development and Provider Services Directors
  • Strategic Planners
  • Physician Practice Management
  • Medical Management Directors
  • Analysts
  • Consultants
  • Administration Executives

Webinar Objectives:

• How it will affect your hospital, your physician providers and payors?
• Where will it impact your Hospital?
• How viable is your Hospital?
• What are the best strategies for surviving?
• What lies ahead with a new president, a new congress and the continuing decline of key financial indicators?

A Few of the Topics that will be discussed:

• Payor Perspective:
  • The implications of a tightened credit market on self-insured employers, new plans and publicly traded plans
  • Public payor's declining tax revenues/growing obligations
• Provider Perspective:
  • Implications of increasing patient / payor bad debt
  • Reduced cash flow
• Is cutting staff and reducing discretionary expenses the answer?
• Four financial tactics to implement today to weather the storm
• Ways to reduce your financial exposure
• Considering alternative scenarios in case assumptions
• Question and Answer Session

Contact Hours: 

This course has been approved for 1.8 Iowa Nursing Contact Hours. There is usually a reciprocal agreement between state associations to allow these to count for each state. If you have any questions, please ask your state association.