- Understanding the priority of managing unit costs when implementing value-based alternative payment models.
- Discussing the steps for calculating unit costs.
- Examining the role of unit costing in service redesign and contracting strategy.
How Much Do My Services Cost? The Importance Of Unit Costs In Service Redesign — The VOA Case Study
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The OPEN MINDS Circle Elite Executive Roundtable Webinar on September 22, 2022, was part of The OPEN MINDS CFO Consortium developed to provide executives with the tools and abilities to strategically assess and position their organizations for long-term sustainability and growth.
The roundtable addressed unit costs, which are a key strategy for managing risk associated with alternative payment methods, where revenue is based on outcomes instead of volume. Attendees gained a thorough understanding of how to calculate and reengineer unit costs to better achieve financial sustainability. Tom Kmetz, Chief Financial Officer, Volunteers Of America Indiana & Ohio spoke about what role unit costs play in designing new services and new payment methods and provided insights for successfully managing the case rates of new and future services.
Executive attendees learned about: