How Cone Health Achieved a $100M Turnaround and a Process to Fuel Our Future (17H)

Amid the pandemic, Cone Health encountered significant financial challenges, projecting a staggering $71 million operational loss for FY23. In response, the organization launched "Fueling Our Future," setting a bold $100 million turnaround goal. Learn how it achieved its breakthrough turnaround through a concerted effort focused on strategic growth and expense reduction. Gain valuable insights and best practices for achieving systemwide change as Cone Health leaders share their transformative journey.

This session will address structural and process changes needed to achieve these results and sustain them. While this effort took place at Cone Health, it is replicable at other health systems and organizations. This is critically important as health systems and hospitals continue to see declining margins, reimbursement rates that are not keeping up with rising costs and increased regulatory scrutiny. Participants will discuss and understand how one health system created goal-setting for its organization that allows the team to live into a big vision and take away lessons learned and a structure and process that is customized to their hospital or health system.