Webinar: Health System Finance After COVID – Understanding the Growing Financial Crisis Facing US Hospitals and What Leaders Should Be Doing Now To Prepare

The impact of the COVID-19 pandemic in the US is unprecedented. While providers and policy leaders are working to care for the immediate surge in demands, the long-term financial impact of the pandemic is growing and may fundamentally change the landscape of health systems in the US. Using data reported by hospitals across the Northeast, ECG has developed a model to analyze the impacts of several major COVID-related challenges on the fiscal sustainability of health systems across NESHS’s membership area to demonstrate the potential ramifications of COVID and to provide insights as to how senior system leaders can begin preparing and responding to the new economic realities that will result from the pandemic.

Presenters: John Budd & Don Briones, MBA

John Budd is an associate principal, Enterprise Transformation at ECG Management Consultants who works at the intersections between acute care, service line, and medical group performance to lead clients in comprehensive network strategy development and performance transformation. He has held a variety of executive and senior leadership roles within integrated health systems and has led major performance improvement initiatives with some of the nation’s preeminent health systems.

At ECG, John has worked with integrated health systems and large physician practices to expand operations and develop new approaches to existing services including developing and operationalizing an integrated health system at the University of Kansas Health System. In addition, John has led some of the nation’s premier academic and community health systems in process transformation initiatives, including front-end process redesign, system throughput initiatives, comprehensive revenue cycle performance improvement, and systems optimization. He has spoken nationally on physician enterprise performance and ambulatory strategy at conferences organized by MGMA, HIMSS, and Healthcare Financial Management Association.

John was among Becker’s Healthcare’s 2019 “Rising Stars: 66 Leaders in Healthcare under 40” and is a fellow of both the American College of Healthcare Executives and the American College of Medical Practice Executives. In addition, he is a Lean Six Sigma Green Belt and is certified in human-centered design.

Don Briones, MBA is a Senior Manager, Health System Finance at ECG Management Consultants. Don’s career roles as a healthcare consultant, senior healthcare finance executive, and hospital leader enable him to bring a unique blend of skills and expertise to his work. He has almost 30 years of experience in working closely with hospitals, health systems, and medical groups on efforts that have involved performance improvement, financial and business planning, and capital asset planning. Clients appreciate Don’s ability to balance finance, strategy, and operations to develop effective, realistic solutions that result in sustainable performance improvements.

Prior to joining ECG, Don held CFO and other finance executive positions for hospitals, health systems, and medical groups. He successfully led these entities by providing due diligence and post-integration support for merger and acquisition transactions, executing organizational restructure and financial performance turnarounds, designing process improvements using Lean Six Sigma and other techniques, and evaluating major capital investments and business plans. Don is a Certified Healthcare Financial Professional (CHFP) from the Healthcare Financial Management Association.

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