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Video | Academy IQ

Chief Executive and Chief Operating Officer Forum Debrief Fall 2023

Listen to our round-up of the Academy's CEO and COO Fall Forums, focusing on what is currently top of mind for these executive leaders.

Key Takeaways for CEOs & COOs:

CEOs:

  • Financial Focus: CEOs are prioritizing post-pandemic financial health and diversification of revenue streams.

  • Strategic Investments: CEOs seek partnerships to increase access, expand their footprint, and fulfill their community roles.

  • Patient-Centric Transformation: Mission, vision, and patient-centered care remain core values during healthcare system transformations.

  • Workforce Development: Investing in workforce training is critical to build a future-proof healthcare team.

  • AI Strategy: Balancing enthusiasm with skepticism, CEOs are exploring AI for goal achievement while emphasizing stakeholder input.

COOs:

  • Cost & Labor Management: COOs are adapting operating models to changing capacity demands, revenue streams, and payer relationships – cost and labor issues remain persistent.

  • Targeted Growth: Strategic expansion through ambulatory/outpatient services is a near-term focus.

  • Value-Based Care Infrastructure: Building infrastructure for value-based care is increasingly important due to margin pressures and a need to re-evaluate revenue models.

  • Emerging Technology: While AI and other advanced technologies are gaining traction, concerns exist around ROI, scalability, and patient acceptance.