Town Hall hails yesterday, today, tomorrow
Michael Fisher, president and CEO, put an exclamation point on FY16 at the Town Hall on July 11, by celebrating Cincinnati Children’s headline accomplishments and progress toward our goals identified in SP20—thanks to the hard work of staff during a particularly demanding year.
Highlights and record-breaking achievements from the year included:
- Operating 91 days with an inpatient census over 500 patients as compared to 35 days the year prior
- Exceeding our FY16 goal to coach employees in Care Promises with over 6,000 trained
- Reducing the average charge per adjusted patient day for the first time ever, a necessary step toward making us more accessible to every patient and family
- Totaling $208 million external research funding with each faculty member on average contributing $471,000
- Hitting our second best year in giving with $42 million in donations
- Anticipating strong financial results thanks to our sustainability work to date, allowing for continued opportunities to invest in our mission and our people
“It wouldn’t happen without all of you and our culture of collaboration, our culture of excellence and our culture of improvement. That’s why we can deliver great results,” said Fisher.
Senior leaders— Steve Davis, MD, COO; Peggy Hostetter, MD, chair of Pediatrics and Chief Medical Officer; Mark Mumford, CFO; Chris Browning, senior vice president, Human Resources; Brian Coley, radiologist-in-chief; and Steve Muething, MD, co-director, Anderson Center—joined Fisher in spotlighting our foundational work on employee and patient safety and our continued emphasis on three themes captured in SP20:
- Enhancing the experience for both patients and employees
- Delivering financial savings to our patients and families by standardizing processes and becoming more efficient
- Investing in our people, discoveries and infrastructure by continuing to bend the cost curve -- meaning, we are reducing our rate of expense growth by finding savings opportunities so we can maintain a percentage of funds (or an operating margin) to invest
“The plan is really what our hopes and aspirations are for children and child health; what we are going to do to advance discoveries, cures and treatments, what we are going to do for every future, for every child we have the privilege of treating or interacting with,” said Fisher.
The Town Hall ended with a lively question-and-answer session that addressed specific questions from employees, ranging from rumors of layoffs and early retirement packages to logo wear and commercials.
If you missed the Town Hall, an archived video is available on CenterLink under the Managers tab.
