Learn how Baker Tilly helped a healthcare system transform their pharmaceutical charging structure and increase profitability.

Health system bolsters financial performance by reviewing pharmaceutical charging structure

Watch our on-demand webinar about the state of the healthcare provider industry and what developments are expected in 2024 and beyond. 

Watch our on-demand webinar to discuss the state of the healthcare provider industry and what developments are expected in 2023 and beyond. 

Healthcare provider outlook and trends for 2024 and beyond

ERP and EHR systems manage healthcare data. Join Baker Tilly's Kayla Flint, Ed Ricks, and St. Barnabas Health System's CIO, Jitendra Barmecha for insights on their EHR, ERP and Oracle Cloud transition.

Optimizing healthcare operations: The power of ERP and EHR integrations

Ed Ricks is a managing director with Baker Tilly’s healthcare information technology consulting group. He has over 21 years of executive level experience as a CIO and COO in health systems. Ed also has five years of experience leading advanced patient care solution strategies for a large healthcare IT integrator. His primary focus is on operational excellence creating efficiencies to reduce expense, improve outcomes and improve clinician and patient experience through strategic utilization of IT systems.

Certified Healthcare CIO (CHCIO) through College of Healthcare Information Management Executives (CHIME)

National speaker at CHIME, HIMSS and other U.S. and international healthcare IT events

Selected as “100 Hospital and Health System CIOs to Know” by Becker’s Hospital Review in multiple years and named a finalist for “CIO of the Year”

Led Health Systems to achieve a “Most Wired Hospital” status as designated by CHIME 12 times

Ed Ricks is a managing director with Baker Tilly’s healthcare information technology consulting group.

Workflow automation using artificial intelligence systems to improve the clinical care delivery process, reducing expense and improving experience

Data center optimization strategies, reducing the complexity of IT environments with proven cloud strategies keeping a focus on clinical care continuity

Hospitals and health systems must continue to find ways to reduce expenses and improve revenue and recover positive cash flows. One area many organizations are turning to is their pharmacy departments with 340B Drug Program optimization and strategic management of drug spend and pricing structure. By conducting a review of their organization’s 340B participation, compliance, and pharmacy pricing and charge structures, many health system leaders are finding additional ways to reduces expenses and right-size their pharmaceutical charges, while taking better control of their reimbursement structure with contracted payers.  Join Baker Tilly for an informative webinar where our team of healthcare specialists will discuss how health systems can conduct a review of their organizational 340B participation, 340B compliance program, revenue cycle compliance for pharmacy charges, and strategic pricing optimization for their pharmacy charges to help improve their bottom line. Finally, our team will walk through actual use cases showing how one system was able to recertify for 340B participation reducing costs by nearly $12 million annually and another hospital that identified more than $11 million in annual gross charge improvement with significant anticipated increases in net revenue.    Who should attend?   C-Suite executives, presidents, VPs, and directors, as well as pharmacy leaders and revenue cycle professionals at hospitals and health systems   Presenters   Keith Hutcheson, Partner, Baker Tilly  Ed Ricks, MHA, CHCIO, Managing Director, Baker Tilly  Anne Jones, RPh, Senior Pharmacy Consultant, Baker Tilly  Sherri Faber, RPh, MHA, 340B ACE  Learning objectives   Gain insights on 340B participation and reclassification opportunities  Learn about 340B Compliance programs  Gain insights into how health systems can optimize their pharmacy charges through conducting a comprehensive pharmacy charge review, including their 340B Drug Pricing Program and Commercial Payers  Recognize actionable steps after areas of improvement have been identified  Explore real case studies highlighting significant reductions in expense and optimization of charges leading to significant increases in reimbursement by their contracted payers 

Ed Ricks

Location

Chicago, IL

Education

Expertise

Ed's latest insights

Health system bolsters financial performance by reviewing pharmaceutical charging structure

Healthcare provider outlook and trends for 2024 and beyond

Optimizing healthcare operations: The power of ERP and EHR integrations

Ed's upcoming events

Webinar

Improving health system cash flows through 340B program optimization and strategic management of drug spend and pricing structure