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The Changing Nature of Health Care: A Study of Business Acumen

The Changing Nature of Health Care: A Study of Business Acumen. Phil Wagar , Premier Health Partners Robb Gomez, Paradigm Learning. © 2011 Paradigm Learning, Inc. Paradigm Learning. Robb Gomez President of Paradigm Learning Been with Paradigm over 17 years

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The Changing Nature of Health Care: A Study of Business Acumen

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  1. The Changing Nature of Health Care: A Study of Business Acumen Phil Wagar, Premier Health Partners Robb Gomez, Paradigm Learning © 2011 Paradigm Learning, Inc.

  2. Paradigm Learning • Robb Gomez • President of Paradigm Learning • Been with Paradigm over 17 years • Strong client advocate with a broad range of experience and a deep understanding of business issues facing organizations today © 2011 Paradigm Learning, Inc.

  3. Premier Health Partners • Phil Wagar • Director of Organizational Effectiveness • Been with Premier Health Partners since 2003 • Organizational development and effectiveness professional with over 23 years of health care experience © 2011 Paradigm Learning, Inc. © Paradigm Learning, Inc.

  4. Very simply, business acumen is the understanding of what it takes for a business to make money. Business Acumen: A Definition © 2011 Paradigm Learning, Inc.

  5. It involves financial literacy, which is an understanding of the numbers on financial statements, as well as an understanding of the strategies, decisions and actions that impact these numbers. Business Acumen: A Definition © 2011 Paradigm Learning, Inc.

  6. Financial literacy (how the game is scored) Business acumen(how to change the score) Business Acumen: A Sports Analogy © 2011 Paradigm Learning, Inc.

  7. Double Loop Accounting #’s Story © 2011 Paradigm Learning, Inc.

  8. PHP is a large health system serving southwest Ohio. PHP’s members include more than 65 locations, including four hospitals. PHP is a health system with 14,000 employees and affiliate organizations in seven counties. About Premier Health Partners © 2011 Paradigm Learning, Inc.

  9. Business Acumen for PHP © 2011 Paradigm Learning, Inc.

  10. Business Acumen for PHP

  11. Business Acumen for PHP

  12. Engage • Simulate • Customize • Connect False Start Created A Reality Check

  13. Small Teams Stories Gaming Techniques Simulated Situations Visuals Business Acumen Must Have’s

  14. Zodiak: The Solution

  15. Zodiak: The Solution

  16. Premier Health Partners Connects

  17. I have a better understanding of how the “business end” of operations work.  What an easy way to understand finances. The program kept my attention throughout the entire day. Excellent way to demonstrate financial concepts to non-financial people.  I learned that seemingly small things can have a huge impact in the finances of the hospital. I have a great appreciation for executive management, especially in finance. Zodiak Results…

  18. Phil WagarDirector of Organizational EffectivenessPremier Health Partnerspremierhealthpartners.org | 937.499.5433 Robb GomezPresidentParadigm Learningparadigmlearning.com | 727.471.3170 Thank you!

  19. DEVELOPING BUSINESS-SAVVY LEADERS Business Acumen White Paper • VisitHowHealthyIsYourOrganization.comto download • This presentation • Our latest Business Acumen white paper • Client stories and more…

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