Beyond Survival: Value-Based Strategies for Health Systems Amidst Massive Change
By actively shaping the trajectory of value-based care transformation, health systems will be equipped to thrive amidst massive industry change. While elevated utilization, improved payor mix, and a normalized labor environment may be bolstering cash flows today, health system leaders must execute a strategic plan to lead and prosper in a value-based future.
Taking risk across value-based arrangements is the only way forward to amplify upside opportunities in both clinical and financial transformation. As the healthcare landscape rapidly evolves in 2024 and beyond, health systems must adapt to thrive (not just survive). The real challenge lies in ensuring long-term sustainability and growth through value-based innovation and a revenue diversification strategy that relies less on fee-for-service payment.
Join Lumeris’ Rick Goddard, Mercy’s Michael Englehart, and Hospitalogy’s Blake Madden for an in-depth discussion on how health systems can navigate the complexities of today’s environment by embracing value-based care. This webinar will explore actionable insights on how health systems can diversify revenue streams, innovate their business models, and leverage VBC as a key differentiator in an increasingly competitive market.
This webinar session will cover the following:
Navigating vertical integration dynamics and the role of VBC in strategic response
Diversifying revenue through innovative transformation and value-based contracts
Proven growth and partnership strategies that prioritize value over volume
Insights on the outlook for the latter half of 2024 and beyond, with a focus on value-based care
Interactive audience Q&A to address your most pressing challenges
Don’t miss this opportunity to gain the tools and knowledge needed to lead your health system through ongoing change with confidence and clarity.
And a big THANK YOU to Lumeris for making this event possible! Transform your healthcare delivery with a trusted partner. Contact Lumeris today!
Blake Madden
Blake Madden is the Founder and Creator of Hospitalogy, a newsletter affiliated with Workweek Media that provides the latest insights on healthcare finance, strategy, M&A, and digital health. Blake brings relevant thought leadership and in-depth analysis to more than 24,000 healthcare decision makers since launching Hospitalogy in April 2022. Prior to joining Workweek, Blake worked at the healthcare consulting firm VMG Health, where he provided valuation and advisory services for clients across all healthcare services verticals including nonprofit health systems, ambulatory surgery centers, urgent care, imaging centers, physician practices, and more.
Rick Goddard, MS-HSM
Mr. Goddard is the Vice President, Head of Commercialization and Strategy for Lumeris, an operating partnership company, that supports organizations where they are at in the journey to managing value-based care risk. Lumeris’ comprehensive value- based toolkit, experienced human capital, and technology services provide end-to-end support for our partners.
As the Head of Commercialization and Strategy, Mr. Goddard serves in a subject matter expert and utility role across many facets of the business. His current role includes leading partnership strategic alliances, business model expansion, and go-to-market commercialization.
Prior to joining Lumeris, Mr. Goddard served as an executive leader at Advocate Physician Partners. He led the Clinical Innovation Department with responsibility for population health analytics, ACO program administration (largest ACO in the U.S.), value-based payment and innovation strategy deployment. In addition, Mr. Goddard has several years of consulting leadership experience from his time at GE Healthcare Camden Group. He has also worked in a variety of healthcare provider settings − from physician groups to some of the largest health systems in the Country.
Mr. Goddard serves as a national thought leader in value-based healthcare strategy and frequently presents to higher education and association organizations.
Michael Englehart
Englehart is a distinguished CEO with extensive experience in transforming healthcare enterprises towards value-based payment models that prioritize patient outcomes. Currently serving as the President of the Cardiovascular Service Line at Mercy Health, the 9th largest health system in the United States, Englehart has demonstrated exceptional leadership and strategic vision.
A hallmark of Englehart's career was the successful financial turnaround of Presence Health, where, as CEO, he avoided potential bankruptcy and facilitated a merger with Ascension and AMITA, resulting in the creation of the second-largest healthcare system in Illinois, generating $4.7 billion in revenue. Recently, he played a pivotal role in leading the Trinity Health Medical Group, which includes over 6,000 clinicians across 19 markets, achieving a remarkable 25% improvement in access while maintaining top-decile patient experience ratings.
Under his stewardship, the ambulatory division acquired Premier Urgent Care, forming the third-largest urgent care company in the country in collaboration with Trinity Health. Englehart has a proven track record in implementing technology solutions and modernization initiatives that attract talent, enhance revenue, improve patient care, and ensure financial stability.
During his tenure as President at Advocate Healthcare, he served as a Subject Matter Expert for M&A presentations before the FTC, exploring innovative value propositions for healthcare delivery. With a focus on productivity and financial turnarounds, Englehart has achieved significant success with accountable care organizations (ACOs), regional hospital systems, and large physician practices. He is committed to professional development, holding an MBA along with Lean, Six Sigma, and Project Management.