This episode features Greg Jackson, Market VP & Finance Officer at CHI Mercy Health. Here, he joined the podcast to discuss getting back to the basics as the pandemic slows, advice for young professionals looking to go into finance, revisiting staffing models in order to offset rising labor costs, and more.
Summary
Get Back to Basics with Greg Jackson: CHI Mercy Health's Market VP and Finance Officer
Greg Jackson, CHI Mercy Health's Market VP and Finance Officer, recently sat down with a podcast to discuss various topics, including how to get back to the basics as the pandemic slows, what advice he would give to young finance professionals, revisiting staffing models to counter rising labor costs, and more.
Background
Greg Jackson's career journey took him from manufacturing to education and eventually to healthcare finance. As CHI Mercy Health's Vice President of Finance, he focuses on figuring out the post-two year COVID-19 era's new normal, re-energizing employees, bringing in new talent, and creating a vision for the future. He believes in being adaptable and responsive to the shifting healthcare landscape, optimizing the current cost structure, and finding new ways to do less with less. Transparency, according to him, is also key to keeping staff and leadership engaged and aligned with the hospital's objectives.
Advice for Young Professionals
Greg Jackson's advice for young people starting in finance is to be open-minded and listen to the ideas of others. He believes that people can help guide your career by offering valuable insights and suggestions. He advises them to be adaptable by being proactive and understanding changing strategies since they might lead to opportunities for growth as well as contribute meaningfully to the hospital's success.
Revisiting Staffing Models
With a rising cost of labor, Greg Jackson advocates for revisiting staffing models in order to offset expenses. He feels staffing needs are ever-changing, and it's essential to review different approaches to get the right balance of skilled and stable workers. Considerations might include outsourcing, telemedicine, and complete process reviews to ensure efficient service delivery.
The Importance of Transparency
Greg Jackson asserts that transparency is essential for staff and leadership to remain engaged and aligned with the hospital's objectives. Transparency means having everybody in the hospital showing a transparent presentation of data, sharing opinions and ideas, and creating an attitude of honesty and trust throughout the organization. Having Open and active communication has a mutual benefit to staff and management by creating clearness between vision as well as hospital targets.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 10/12/2022 and can be listened here.
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