Originally published by healthcare podcast, Creating a New Healthcare, hosted by Dr. Zeev Neuwirth.
Money. Not always the most inspiring or sexiest topic in healthcare, but one that is critical if we are going to change the system for the better. Today on the podcast, we welcome David Kirshner, Managing Partner at LogicSource, to talk about their approach to helping health systems improve efficiency and decrease costs so they can redirect funds where it’s needed most… clinical care. David’s background is impressive. As the former CFO of several major healthcare systems, David is credited with engineering the remarkable financial turnaround for Boston Children’s Hospital, the primary pediatric teaching affiliate of Harvard Medical School, where he spent nearly fifteen years as the Senior Vice President, Treasurer, and Chief Financial Officer.
In this conversation, we discuss:
- The need to balance the business aspects of healthcare with the mission-driven focus on providing care and how adopting more efficient business practices from other industries can help.
- LogicSource’s commitment to collaboration and trust-building through their “doing with” approach, where they collaborate closely with the CFO and supply-chain leadership to build trust and understanding.
- How LogicSource brings data and expertise from outside healthcare to help CFOs identify savings opportunities in non-clinical spend areas that the healthcare organization may have overlooked.
- How CFOs can gain support for these practices by being able to quantify the actual savings, which is routinely in the range of double digits millions of dollars.
This may seem like a nuts and bolts episode to those in direct clinical care, but David and LogicSource’s focus on building trust and delivering measurable financial impact is an important example of how humanistic change is needed on every level of the health organization.
