How can children’s hospitals build financial resilience and stay afloat despite cost pressures? On this episode of FINN Voices, hospital finance and procurement experts, David Kirshner and Mark Van Sumeren from LogicSource, sit down with host Erica Olenski, VP at FINN Partners, to explore overlooked strategies for fiscal stability at children’s hospitals.
Kirshner offers insight with 30 years of health system CFO experience, of which 15 years were spent as CFO of Boston Children’s Hospital. He currently serves as managing partner at LogicSource in its healthcare and life sciences division. Mark Van Sumeren holds over 45 years of experience in healthcare supply chain management and serves as a strategic advisor and board observer at LogicSource.
Listen to the Conversation
5 Takeaways
- Find savings in daily operations: Everyday categories like office supplies and landscaping services often hide overlooked areas for savings.
- Go beyond healthcare to maximize value: Children’s hospitals can use lessons from other industries to benchmark non-clinical goods and services.
- Use data to negotiate smarter: Pricing information from industry verticals like consumer brands helps children’s hospitals renegotiate contracts and reduce costs.
- Build a tariff-resilient supply chain: Prepare for shifting trade policies and stay agile to keep your hospital steady amid uncertainty.
- Prioritize innovation: Improving procurement practices helps children’s hospitals strengthen finances and reinvest into high impact and innovative areas of care delivery.
About the Podcast
FINN Voices
Amplifying the power of health innovation to improve people’s lives.
FINN Voices amplifies the power of health innovation and information technology. Hosted by health experts from FINN Partners, each episode offers a peek behind the curtain of innovation with healthcare’s leading changemakers. We talk about their ideas and challenges along the way; continually shaping critical conversations and introducing the new health technologies that lie ahead.
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