This episode features Peg Burnette, SVP, CFO & Treasurer, Stormont Vail Health. Here, she discusses her proudest accomplishments she’s made in her career, her focus on strategic planning & budgeting process, creative ways they are recruiting & retaining workforce, and more.
Summary
Peg Burnette Discusses Her Career Accomplishments and Strategies for Stormont Vail Health
Introduction
Peg Burnette, the Senior Vice President, CFO, and Treasurer of Stormont Vail Health, is a veteran of healthcare finance leadership with 30 years of experience in the industry. In this episode, she discusses her proudest achievements, her focus on strategic planning and budgeting, unique recruitment and retention strategies, and other innovative initiatives undertaken by Stormont Vail Health.
Strategic Planning and Budgeting
Peg Burnette's primary focus is on strategic planning and budgeting to ensure that Stormont Vail Health can continue to provide healthcare services to those in need while remaining financially stable. The hospital is investing in services such as telemedicine and virtual health to provide better care to patients. The hospital is also expanding its childcare center, Building Blocks, to provide support to employees.
Investments in Workforce and Technology
Stormont Vail Health is making investments in its workforce, rural hospitals, outpatient services, cancer center, and administrative areas. The hospital is also making efforts to become more cost-effective and ensure that those who require hospitalization receive proper care. The hospital is investing in technology to support a remote workforce, remodeling office spaces, and partnering with other organizations to address long-stay patients' safe discharge issues. The hospital is actively working with partners to develop solutions for patients who cannot be safely discharged.
Passionate About Addressing Expensive Housing Costs
Peg Burnette shared a statistic that the longest-stay patient record at their hospital was 1546 days, highlighting how high housing costs can be. The hospital is passionate about addressing this issue and finding solutions that promote innovative and growth mode.
Conclusion
Peg Burnette has been focusing on strategic planning and budgeting to ensure that Stormont Vail Health remains financially stable and continues to offer healthcare services to those in need. By investing in technology, expanding its workforce, and partnering with other organizations, Stormont Vail Health is paving the way for cost-effective, innovative, and patient-centric care in the healthcare industry.
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 11/05/2022 and can be listened here.
Subscribe to Beckers Healthcare Podcast here.