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Advanced Concepts in Program Design

Agenda . A Medical Center's Overall Financial Objectives A Captive's Place in Overall Financial StrategyRisk Management

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Advanced Concepts in Program Design

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    1. Advanced Concepts in Program Design A Case Study From The Stanford University Medical Center

    2. Agenda A Medical Center’s Overall Financial Objectives A Captive’s Place in Overall Financial Strategy Risk Management & Financial Strategy Optimizing Captive Program Design Blazing the Trail & Change Management

    3. Advanced Concepts in Program Design The CFO Perspective Roy Santarella, Chief Financial Officer, Stanford Hospital & Clinics

    4. A Medical Center’s Overall Financial Objectives

    5. A Captive’s Place in a Medical Center’s Overall Financial Objectives Captives offer an opportunity to: Reduce operating costs through lower insurance expenses Increase cash reserves vs. insurance premiums Increase alignment between physicians and hospitals in defending claims Align community physicians with the hospital Potential for creative financing of assets Each Captive must be structured for the organization /organizations it serves

    6. Example of a Typical Captive Approach

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