New Opportunities for Unprecedented Financial Times: Health System Leaders Convene at Becker’s Annual Meeting

By David Kirshner | Community Outreach

Global economic headwinds add new and unprecedented financial pressures to our nation’s health systems. From strained bond ratings to higher borrowing rates and deteriorating liquidity, healthcare leaders face their biggest financial challenge in decades. It has never been more difficult to remain financially stable while also delivering the highest quality patient care and services.

Against this precarious backdrop, 2,500 healthcare executives convene this week to attend Becker’s 13th Annual Meeting in Chicago. Several valuable sessions at the event focus exclusively on finding new revenue sources, meeting operating margin needs without jeopardizing clinical quality, and exploring nontraditional alliances to mitigate risk.

I look forward to talking with like-minded colleagues and peers about what our nation’s health systems are doing to identify innovative partnerships that can achieve unconventional cost savings. As a group, healthcare professionals possess a united passion and pioneering spirit to provide quality patient care. Amid dire financial conditions, we’re driven to find innovative solutions that enable our organizations to not only endure, but also succeed.

One such innovation is LogicSource, a Becker’s Gold Sponsor and exhibitor at this year’s conference. I recently joined the company’s Advisory Board and am impressed by their unique procurement approach designed to complement a health system’s GPO relationship. They deliver untapped value through smarter procurement for non-clinical products and services. And LogicSource’s deep bench of category experts, robust supplier ecosystem, cross-industry market intelligence and aggregate spend leverage drive substantial cost savings for healthcare’s non-clinical expenditures.

Healthcare is resilient. We’ll push forward. We’ll figure out new ways to tackle nascent problems. This week promises many valuable peer-to-peer conversations around financial stability, industry-wide profitability, and broader economic viability. See you in Chicago!

About David Kirshner:
David Kirshner serves on the LogicSource Healthcare Advisory Board. Bringing more than three decades of experience in public accounting, hospital financial management and CFO positions in academic medicine, David is credited with engineering a remarkable financial turnaround for Boston Children’s where he spent nearly 15 years as the Senior Vice President, Treasurer and Chief Financial Officer. During his tenure at Boston Children’s, he helped found the Pediatric Physicians Organization at Children’s (the “PPOC”), one of the country’s largest and most progressive pediatric physician networks. He also oversaw the joint payer contracting organization of the Hospital and Faculty Practice Plans. Additionally, David previously held leadership roles at University of Rochester Medical Center, Valence Health, and Lifespan. Over his career, David led the financial turnarounds of three community hospitals in Massachusetts. He is a CPA who trained at Ernst & Young. David also currently serves on the Board of Noble & Greenough School in Dedham, MA.

About LogicSource:
The innovative leader in procurement services and technology, LogicSource is purpose-built to drive profit improvement, mitigate risk, and ensure supply chain continuity through better buying. LogicSource focuses exclusively on the sourcing and procurement of indirect goods and services, which typically represent 20% of an organization’s revenue and the area of greatest spending inefficiency. These include complex categories like marketing, packaging, corporate services, facilities, information technology, distribution and logistics and more, for which organizations often lack the capacity, focus and scale to achieve best-in-class buying. Unlike traditional advice-based consultants, LogicSource is a purpose-built buying utility with assets that are configurable to their clients’ needs and ready to deploy. By combining decades of sourcing and procurement expertise, superior market intelligence, cross-portfolio spending leverage, and their OneMarket® Source-to-Pay technology, LogicSource executes customized solutions that deliver immediate savings and sustainable value. For more information visit