Conversation with Chiefs:
How to Get True Financial ROI From AI
Tuesday, October 29th 2024
DATE | TIME | LOCATION |
|---|---|---|
Tuesday, October 29th | 6:00pm –
9:00pm ET | 2430 E Sunrise Blvd, Fort Lauderdale, FL 33304
|
Every day, financial burdens are forcing more and more hospitals to close their doors or merge with competitors. Turning around healthcare profit margins requires effective and optimized capacity and workforce management. When done right, optimizing your resources — including operating rooms, infusion chairs, inpatient areas, and staff — can increase EBITDA by 5 percentage points. In today’s healthcare landscape, this is the difference between survival and success.
Effective capacity and workforce management requires not just the best AI and automation, but also dedicated change management services to ensure that people — and the bottom line — are getting the most out of the technology. See how AI-based scheduling optimization reduces delays by 80% while machine learning accurately forecasts and matches staff to demand, and how automation eliminates 500k hours of repetitive tasks across organizations.
Session Objectives:
Identify innovations that transform operations, including resource allocation, efficiency, and capacity management.
Learn how Sarasota Memorial Healthcare System transformed its discharge management with AI-enabled automation, streamlining discharge prioritization and patient predictions, driving discharges across the system.
Describe examples of how leaders are using Generative AI in hospital operations.
Susan Grimwood
Executive Director, Logistics, Capacity and Patient Throughput
Susan Grimwood is an APRN with extensive experience in dermatology, plastic surgery, neurology, and medical surgical/cardiac care. She currently serves as the Executive Director of Logistics, Capacity and Patient Throughput at Sarasota Memorial Health Care System in Florida.
Susan’s passion for nursing stems from her desire to connect with people and help them recover during their most vulnerable times. Her leadership and innovative approach to building logistics operations and managing patient flow have yielded substantial improvements in patient throughput while maintaining the highest quality of care. Susan’s unique process of real-time productivity management has saved the organization millions of dollars and created a culture of accountability while keeping nurse turnover below the industry average.
Susan is also a key innovator in embracing predictive technology in healthcare. She coined the term “VOODOO” to refer to LeanTaaS’ Census Forecast technology, which she uses as a strategic advisor for making decisions about allocating float staff, dispatching ADT nurses, and opening/closing surge capacity. Thanks to Susan’s leadership, everyone at Sarasota Memorial Healthcare now has VOODOO on their mobile device.
Mohan Giridharadas
Founder & Chief Executive Officer, LeanTaaS
As the founder and CEO of LeanTaaS, Mohan has worked closely with dozens of leading healthcare institutions including Stanford Health Care, UCHealth, UCSF, New-York Presbyterian and more. Mohan holds a B.Tech from IIT Bombay, an MS in Computer Science from Georgia Institute of Technology, and an MBA from Stanford Graduate School of Business. He is on the Faculty of Continuing Education at Stanford University and UC Berkeley Haas School of Business. Mohan has been named by Becker’s Hospital Review as one of the “Top Entrepreneurs Innovating in Healthcare.”