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Tip of the Week: Make the Numbers Work For You

John Kelly - Thursday, June 21, 2012

By John Kelly, CEO, Bluegrass Business Media
Numbers can tell us a lot. We can review financial performance, interpret statistics, contact a potential business partner, monitor effectiveness of a campaign—and more—all through how effectively we are able to use numbers.

Numbers, and knowing how to best use them, are good tools to have in hand when it comes to preparing for your IDN Summit and Reverse Expo experience as well. The good news is, most of the work is already done for you.

Every issue of the IDN Summit newsletter leading up to the next IDN Summit event includes a table of numbers related to registered health systems. Take a look at this table and you’ll see that all those numbers put together will give you a pretty good picture of the business operations of health systems, registered to date, for the next IDN Summit.

The first row of the table will show you the number of systems registered, but don’t let that be your only takeaway form this information. If you scan further down the table, you’ll find a wealth of information, including indicators of the size of the system and its operations, as well as financial information, like annual supply chain spend.

These numbers will continue to change as the Summit approaches, so be sure to check this feature in each issue of the IDN Summit newsletter. In addition to appearing in the newsletter every other week, you can gather this information from the IDN Summit website page for registered health systems where you will also find a listing of the individual systems that are registered. Click on any of these systems and you will be taken to that system’s website, enabling you to very easily learn even more about a particular IDN.

Numbers are valuable, and certainly that holds true as you prepare for the IDN Summit. But unlike other events or visits you may be involved in, IDN Summit tries to give you a leg up by setting the table for a good experience with ready access to all the information and data you need to learn about the systems before you arrive on site.

If you are a provider planning to attend the IDN Summit, I encourage you to learn more about your colleagues and their systems. If you are a supplier, these numbers should provide you with an excellent head start on preparing for a successful IDN Summit and Reverse Expo experience.

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"We always recommend the IDN Summit meetings as a 'top show' for networking opportunities. The chance to work with such a large audience of high level decision-makers in one setting allows for a quick assimilation into the corporate account arena and provides strategic opportunities for any supplier. It is also a great occasion to stay close to the issues affecting healthcare delivery and a venue to be involved in improving them."

Maria Hames
Partner, Healthcare Links

"There hasn’t been a more important time for CEOs to be engaged in the healthcare supply chain than now. Balancing the need to be technologically advanced with the need to maintain solid financial footing means that leaders have to examine their supply chain as an integral part of system strategy. What I want to accomplish at the IDN Summit, and beyond, is to get the right kind of dialogue going with the right people."

Chuck Lauer
Former Publisher
Modern Healthcare

www.chucklauer.com