Jeff Bastien’s Post

A staggering 59% of departing healthcare CFOs opted for retirement or board roles in 2024 - more than double last year's rate. With this unprecedented exodus of financial leadership, healthcare organizations must rethink their succession strategies. Learn more. #CFOTurnover #healthcare https://dy.si/MXf1UD2

Last Man Standing in Primary Care As we navigate the ever-evolving landscape of healthcare, it's vital for small practices, particularly those with only a couple of partners, to consider future planning. One critical aspect to address is ensuring that if you are "the last man standing" when it comes to handing back the contract, you have protected yourself and minimised your potential financial risk for redundancy. 🔍 Key Considerations: Responsibility to Staff: As a practice partner, you hold a duty of care not just to your patients but to your staff. Future planning can help ensure job security and well-being for your staff while also reducing your own stress. Financial Implications: Redundancy costs can be significant. Future planning can mitigate these financial burdens and provide a smoother transition for everyone involved. 🛠️ Action Points: Engage in open discussions with your partners and staff about future planning. Consider outsourcing where possible. Outsourcing can mitigate the need for redundancies, offering one less thing to worry about. Seek professional advice to understand the financial implications of retirement and redundancy. Consider potential mergers or partnerships to ensure continuity of care and operational stability. #FuturePlanning #RetirementPlanning #Outsourcing #PatientExperience #Healthcare

For all the #plansponsors and #fiduciaries out there, Kristin Begley, PharmD's "old" op-ed on why you should focus on the responsibilities outlined in the Consolidated Appropriations Act (#CAA), is worth reading (or re-reading). 📣 She explains five steps that remain relevant and should be top of mind, including establishing internal processes (you'll NEED your data ASAP), evaluating broker commissions, and forging close HR and CFO partnerships. We've been stressing the importance of alignment and clear/transparent pricing for 7 years while serving clients with 100s of lives through hundreds of thousands. Let us know if you have questions or would like to chat about what a true partnership with a #PBM looks like. #PharmacyBenefitAdministration https://okt.to/XtnAGY

For all the #plansponsors and #fiduciaries out there, Kristin Begley, PharmD's "old" op-ed on why you should focus on the responsibilities outlined in the Consolidated Appropriations Act (#CAA), is worth reading (or re-reading). 📣 She explains five steps that remain relevant and should be top of mind, including establishing internal processes (you'll NEED your data ASAP), evaluating broker commissions, and forging close HR and CFO partnerships. We've been stressing the importance of alignment and clear/transparent pricing for 7 years while serving clients with 100s of lives through hundreds of thousands. Let us know if you have questions or would like to chat about what a true partnership with a #PBM looks like. #PharmacyBenefitAdministration https://okt.to/zQmYeO

For all the #plansponsors and #fiduciaries out there, Kristin Begley, PharmD's "old" op-ed on why you should focus on the responsibilities outlined in the Consolidated Appropriations Act (#CAA), is worth reading (or re-reading). 📣 She explains five steps that remain relevant and should be top of mind, including establishing internal processes (you'll NEED your data ASAP), evaluating broker commissions, and forging close HR and CFO partnerships. We've been stressing the importance of alignment and clear/transparent pricing for 7 years while serving clients with 100s of lives through hundreds of thousands. Let us know if you have questions or would like to chat about what a true partnership with a #PBM looks like. #PharmacyBenefitAdministration https://okt.to/fbhjG9

A staggering 59% of departing healthcare CFOs opted for retirement or board roles in 2024 - more than double last year's rate. With this unprecedented exodus of financial leadership, healthcare organizations must rethink their succession strategies. Learn more about the upcoming talent gap: https://bit.ly/40enOEo #CFOTurnover #healthcare

For all the #plansponsors and #fiduciaries out there, Kristin Begley, PharmD's "old" op-ed on why you should focus on the responsibilities outlined in the Consolidated Appropriations Act (#CAA), is worth reading (or re-reading). 📣 She explains five steps that remain relevant and should be top of mind, including establishing internal processes (you'll NEED your data ASAP), evaluating broker commissions, and forging close HR and CFO partnerships. We've been stressing the importance of alignment and clear/transparent pricing for 7 years while serving clients with 100s of lives through hundreds of thousands. Let us know if you have questions or would like to chat about what a true partnership with a #PBM looks like. #PharmacyBenefitAdministration https://okt.to/nDT4vK

We’re excited to share that Jana Cook, MBA, CPA, senior vice president and CFO of Phelps Health, is featured in the latest issue of the Healthcare Financial Management Association’s HFM magazine! Jana discusses how Phelps Health is thriving despite the unique challenges that rural healthcare presents. As a county-owned, financially strong organization, Phelps Health continues to expand services and maintain independence—a testament to the leadership team’s strategic vision and collaboration. Jana shares insights into her journey from payroll specialist to CFO, offering valuable advice on leadership: -Take care of yourself. -Build and invest in your team. -Foster relationships across the organization. -Set a strong vision for both the finance team and the organization as a whole. One key contributor to Phelps Health’s success is its involvement in Missouri's Transformation of Rural Community Health (ToRCH) program, which focuses on improving health outcomes and reducing costs. 💪 Check out the full article to learn more about Jana’s leadership philosophy and how Phelps Health is shaping the future of rural healthcare: https://lnkd.in/g8t_uRHv

For all the #plansponsors and #fiduciaries out there, Kristin Begley, PharmD's "old" op-ed on why you should focus on the responsibilities outlined in the Consolidated Appropriations Act (#CAA), is worth reading (or re-reading). 📣 She explains five steps that remain relevant and should be top of mind, including establishing internal processes (you'll NEED your data ASAP), evaluating broker commissions, and forging close HR and CFO partnerships. We've been stressing the importance of alignment and clear/transparent pricing for 7 years while serving clients with 100s of lives through hundreds of thousands. Let us know if you have questions or would like to chat about what a true partnership with a #PBM looks like. #PharmacyBenefitAdministration https://okt.to/XMmEqP