The 2022 OPEN MINDS CFO Summit

Financial Acumen For Health Care CFOs In The ‘Next Normal’

February 17, 2022 | 8:00 am – 4:30 pm ET

The only all day Elite event designed specifically for executive and financial professionals of health and human services provider organizations, offering executive education, interactive tools, and insights needed to strategically position your organization for ongoing financial success and sustainability in today’s changing health and human services environment.

Strategic vision is a key competency that CFOs of health and human services organizations need to have as their role continues to shift in the “next normal.” The relationship between CFOs and CEOs and the clinical team is integral. This exclusive, customized all-day event will break down the biggest trends happening in the financial world and help you apply them to your strategic organizational plan, C-suite leadership team, and your operational performance. This summit provides actionable financial acumen, tools, and insider expert opinion on the health and human services field for CFOs and finance professionals in the making.

8:00 am – 8:30 am ET: Registration & Breakfast

8:30 am – 10:00 am ET: The Post-Pandemic CFO: Navigating The Pandemic & Reorganizing For The Next Normal

The role of the CFO is changing. In a modern organization, strategic planning is at the top of hierarchy of needs, while administrative tasks are now rote. With this new face of the CFO as change agent, and strategic leader, emerges. As the CFO aligns with the CEO, this leadership duo is able to identify, model, and assess opportunities. This shift in structure of the organization and utilizing the fiscal department as a catalyst for change will position your organization for successful sustainability.

Ken Carr, Senior Associate, OPEN MINDS

10:15 am – 11:45 am ET: Planning For Growth: Financial Management Of New Revenue, New Contracts & New Service Lines

Is your organization positioned to grow, especially given all the challenges we have faced in the past couple of years? It can be daunting to think about expanding in a time when many specialty provider organizations have been operating under a state of flux, but understanding your market position, and strategizing where your organization falls on the road to sustainability is a necessity. Identifying resources, examining service line development (or cuts), assessing financial feasibility of expansion all becomes necessary. The fiscal C-suite must understand the business models for growth and be able to financially project and operationalize the plans.

12:00 pm – 1:30 pm ET: Lunch

1:45 pm – 3:00 pm ET: Assuring Access To Capital: How To Finance Growth

Once your strategic plan is in place, what are the opportunities to access capital to grow your organization? The nuts and bolts of how you are going to grow, and knowing your return on investments, rate of return, case rates, unit-based costing, and KPIs will all inform how you will actually be able to make things happen. There are multiple options on how to access capital for both non-profits, and for-profit organizations, if you know where to look. Whether you are utilizing fundraising campaigns, REITs, forming mergers, or going after equity capital – you have to know the marketing needs, and make the financial case in order to move forward. Keeping your organization competitive within the health and human services market allows for innovative program development, and the ability to operate from a place of planning and growth.

Ray Wolfe, Senior Associate, OPEN MINDS

3:15 pm – 4:30 pm ET: Big Enough To Compete? How CFOs Answer That Strategic Question

You can have internal organic growth, and you gain scale via mergers, acquisitions, or affiliation/partnerships. It is up to you to determine which gives your organization competitive advantage for optimal growth. Economies of scale and organizational size are an integral part of strategy for health and human service organizations. The question – how to develop a merger and acquisition implementation plan (or create strategic affiliations) that makes your organizational strategy successful? We will discuss how to position your organization to overcome the challenges of navigating the world of mergers, and acquisitions, while creating mutually beneficial partnership and hear from executives who will discuss both best practice and making that best practice work.