Next Meeting

Reservations:

Call Sam Koslowsky at  (212) 520-3259 or email him.

Topic:

Optimizing Enterprise-Wide Capital Resource Allocation in Hospitals and Health Systems

Most hospitals and multi-hospital healthcare systems in the United States are mission-focused organizations largely concerned with improving the quantity and quality of services that they deliver to their patients and communities. However, an increasingly challenging and competitive healthcare market requires that they maintain a level of financial discipline that is closer to what is expected in the corporate world than the world of not-for-profits. This presentation will discuss experience with implementing decision analysis models for optimizing resource allocation in the hospital setting. A model is described for capital budget allocation that has been applied in medical centers and health systems comprising nearly 1,000 hospitals. The discussion will emphasize implementation challenges that arise in these organizations. 

Speaker:

Don N. Kleinmuntz
President-Elect of INFORMS
Research Professor at University of Southern California

Don N. Kleinmuntz, Ph.D., is cofounder and Executive Vice President at Strata Decision Technology LLC. Established in 1996, the company develops software for planning and decision making with a particular focus on the U.S. not-for-profit healthcare providers. The company has approximately 70 employees working from offices in Champaign and Chicago, Illinois, with systems in use at over 1,400 healthcare related businesses, including leading medical centers and multi-hospital health systems, comprising over 20% of U.S. hospitals. In addition, Kleinmuntz is Research Professor at the University of Southern California, where he is affiliated with the Center for Risk and Economic Analysis of Terrorism Events and holds a joint appointment in the School of Policy, Planning, & Development and in the Epstein Department of Industrial & Systems Engineering. Previously, he held faculty positions at the University of Illinois at Urbana-Champaign, Massachusetts Institute of Technology, and the University of Texas at Austin. He holds a BA in statistics, MBA, and Ph.D. with specialization in decision theory and statistics, all from the University of Chicago.  Dr. Kleinmuntz has consulted on decision processes and decision analysis financial applications with corporations, professional service firms, not-for-profit organizations, hospitals, and healthcare systems. His professional interests focus on using advanced analytics to improve business and financial decision making.  An active member of INFORMS, he was named an INFORMS Fellow in 2007. He has served as Treasurer (2003–2006), founding Editor-in-Chief of the journal Decision Analysis (2001–2006) and as an Associate Editor of Management Science (1995–2001).  He is currently INFORMS President Elect, and will serve as President in 2009.

When:

Place: 

The Penn Club, 30 West 44th Street, New York, NY

Cost:

$50 for non-members, $40 for chapter members,
$5 surcharge for walk-in without reservation.

Free meeting to new members: Luncheon seminar fee is waived if
attendee joins chapter as a new first-time member (attendee must
complete new member application and pay $30 chapter membership fee).

Reservations:

Call Sam Koslowsky at  (212) 520-3259 or email him.