"Strategies to Prepare for Trump 2.0: Accelerating the Transition to Value-Based Care"
Presented by: Cynthia Hundorfean, Senior Partner, CEO Advisory Network Joe Damore, CEO Damore Health Advisors Mark Clement, President and CEO of Tri-Health Jeff Bernhard, President of Heuro Health
We had a robust response to our Webinar. Thank you to all of you who took the time to join the conversation about the growth of Value-Based Care and its potential impact on your organization. We know that Fee for Service is not sustainable and that there will be an acceleration towards Value-Based Care and shifting risk to others. Our Webinar focused on the importance of understanding where you are in the transition to Value-Based payments and what steps you can take to rapidly move your organization forward. Below is a quick summary of the presentations and a link to view the Webinar.
Joe Damore emphasized that value based care redesign must not outpace value based payment arrangements. They must be done simultaneously. He also talked about the provider compensation continuum (level of financial risk) with limited integration vs. full integration. There was an emphasis on the opportunities that systems could do first. He suggested going for the "low-level fruit" such as annual wellness visits, primary care network, employee health plan before tackling the harder things.
Mark Clements, President and CEO of TriHealth, talked about the new skills, competencies and infrastructure required to be successful in Value-Based Care. Their accomplishments have been amazing. He also shared the important lessons he learned during his organization's journey to Value-Based Care. All of these lessons would be helpful to any health system.
Jeff Bernhard talked about the importance of establishing relationships between the payor and providers and how we often speak past each other. He said that some payer partner's will not "get it", and we need to find the ones that do and start there. He remarked that it is essential to focus on building relationships.
Webinar Presenters Click on Photos for LinkedIn Sites
Cynthia Hundorfean, Senior Partner, CEO Advisory Network Cynthia Hundorfean is an innovative and trusted executive who has worked in bold strokes to get health care right for patients, members, communities and clinicians while navigating dynamic changes in the healthcare market. She has a record of delivering explosive growth through transformational partnerships, strategic acquisitions and organic growth strategies. Cynthia joined the CEO Advisory Network in August 2024, as a Senior Partner. Prior to that, she served for 7 years as the President and CEO of Allegheny Health Network (AHN), a health system generating over $5B in annual revenue with 23,000 employees, 2,500 physicians, 14 hospitals, and over 300 clinical locations. After taking the helm in early 2016, she led the system to a return to profitability in 16 months, moving AHN from a $32.6M loss in 2016 to a net profit of $51M in 2017. This was achieved through an aggressive move to value-based care, strategic cost reductions, consolidation of sites and creation of centers of excellence.
Joe Damore, CEO, Damore Health Advisors Joe is a nationally recognized expert on health reform, value based care and payment and is currently the CEO of Damore Health Advisors. He formerly served as the Vice President of Strategy, Innovation and Population Health at Premier, Inc. Joe has extensive experience in leadership roles of successful hospitals and health systems, including nearly 20 years as a hospital and health system CEO and executive roles at the Greenville Hospital System (now Prisma Health) and Mercy Health Services (now Trinity Health). Joe has spent the past 14 years assisting organizations in successfully transitioning to value based care and payment models. He led the development of several integrated health systems. During his tenure the health systems he led were recognized as top 50 performers in the country. Although Joe's focus has been on value based care, his expertise includes strategic planning for hospitals and integrated health systems, financial and operational management, assisting organizations develop and go to market with innovative value based care products, and developing and improving performance of Accountable Care Organizations (ACO) and health plans.
Mark Clement, President and CEO, TriHealth Mark C. Clement is the President and Chief Executive Officer of TriHealth, a position he has held since joining the organization in 2015. Prior to being named President and CEO, Mark served as President and CEO of Rochester Regional Health System in Rochester, NY from 2006 through 2014. TriHealth is viewed as a best practice for their work in value based care and is one of the top ACOs in the country. Mark has more than 35 years of experience leading hospitals and health systems including an eight year stint as President and CEO of Holy Cross in Chicago, where he led Holy Cross to be nationally recognized by AHA's Hospitals magazine as Great Comeback Hospital of the Year in 1995, and by Arthur Andersen and Fortune magazine as the winner of the International Enterprise Award for Best Business Practices in Customer Service in 1998.
Jeff Bernhard, President, Heuro Health With over 30 years of experience in healthcare, Jeff Bernhard has held senior leadership roles across the country, primarily on the payer side. His career includes 21 years at Aetna, five years leading and building an independent third-party administrator, and two years at Highmark Blue Cross Blue Shield. In addition to senior leadership positions within large carriers and TPAs, Jeff has also driven innovation and growth at young, innovate healthcare companies focused on delivering transformative solutions for employers, health systems, and public sector clients. He is passionate about addressing the root causes of the U.S. healthcare crisis by fostering collaboration between payers and providers to develop sustainable, value-based care models. Jeff also sits on numerous advisory boards with growing and innovative organizations in the health sector.