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Finance

Broward Health Financial Leaders Embrace

Evolution of Healthcare Finance

Healthcare is evolving Schwarzkopf, CFO of
rapidly, integrating tech- Broward Health Medical
nology, the patient expe- Center. This past spring,
rience and federal regula- Broward Health North
tions. To meet these new completed a $70 million,
standards, healthcare multi-year project that
finance is also finding included the new 36,000-
itself at a crossroads. square-foot Emergency
“One of the emerging Department and Trauma
trends I am seeing in Center, expanded surgical
healthcare finance is the services that included six
shift from a volume- Romaine Layne Onel Rodriguez Kim Cole Alan Goldsmith Paul Schwarzkopf new operating suites, as
based healthcare model well as interior and exte-
to one more focused on the viability is directly tied to patients having a to increase efficiencies,” said Layne. “We rior renovations and a new
value and quality of care provided to the positive experience,” said Kim Cole, CFO must simplify processes and provide real- central energy plant that has increased
patient,” said Romaine Layne, assistant of Broward Health North. time data for analysis and reporting to energy efficiency. Broward Health Imperial
CFO at Broward Health Imperial Point. The question remains: what are the best focus our resources on patient care and Point has renovated its medical and surgi-
Onel Rodriguez, CFO, Broward Health methods for marrying fiscal responsibility quality outcomes.” cal units, Emergency Department and
Coral Springs, agreed. “We are constantly with peak patient experience? Alan Part of the greater use of technology Wound Care Center. Broward Health
being challenged to deliver healthcare in Goldsmith, CFO of Broward Health, includes electronic medical records, which Coral Springs’ new tower, which features
the most efficient way, yet at the highest believes technology and enterprise inte- Cole indicated are designed to improve The Maternity Place, a Level II NICU and
quality of care possible.” gration are keys to success. patient safety and outcomes while reduc- enhanced surgical services, opens to the
The financial officers across Broward “You leverage technology to obtain more ing medical errors. public in early September. And the Salah
Health do not perceive this shift to a value- real time data that can be used to drive These innovative steps in finance enable Foundation Children’s Hospital at
based system as a burden. Rather, it creates results,” he said. “In addition, we promote expense reductions and allow for invest- Broward Health Medical Center finalizes
opportunities to provide patients with the working as a team. Each hospital in ments in capital improvements. Multiple renovations to the neonatal intensive care
best experience possible while being cared Broward Health is not a silo but part of a Broward Health hospitals have seen refur- unit later this year, bringing state-of-the art
for at a Broward Health hospital. larger system. We win as a team and lose as bishments and expansions be made to care to the tiniest patients.
“Financial departments in all hospitals a silo.” modernize infrastructure and improve “Our patients deserve state-of-the-art
now focus much of their time on patient “At Broward Health Imperial Point, we community access to care. health care, and that’s what these capital
satisfaction, because not only is it the right are currently looking at solutions that will “These updates will increase the stan- improvements bring to the community”
thing to do, but also because the financial said Goldsmith
bring integration across all of our systems dard of care for the community,” said Paul

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22 September 2018 southfloridahospitalnews.com South Florida Hospital News