Speaker Spotlight: Erica Freedman, VP, Talent & Organizational Development, Day & Zimmermann

Speaker Spotlight: Erica Freedman, VP, Talent & Organizational Development, Day & Zimmermann

This week's Corporate L&D Institute Speaker Spotlight features Erica Freedman, VP, Talent & Organizational Development, Day & Zimmermann and one of the speakers on the “L&D Leadership Panel on Delivering Meaningful Business Impact Through the Learning Function”.

We had the chance to catch up with Erica this week to ask her a few questions about her role, her career and her advice for aspiring HR Leaders.  This is what she shared with us:

Speaker Spotlight - Bill Rancic Will Share His Story At The HR Management Institute!

Bill Rancic, Best Selling Author, TV Personality & Successful Entrepreneur, best known for winning the first season of NBC’s “The Apprentice,” will be speaking at the 2017 HR Management Institute!


Currently, Bill is speaking to businesses and organizations around the world on motivational and business topics, developing real estate in Chicago, and producing and appearing in several television programs. Bill makes regular appearances on numerous daytime broadcast and cable television programs such as Today, The View, Rachael Ray and various CNBC programs to talk to viewers about business and entrepreneurship. He also regularly appears in many major national, regional and local print outlets throughout the country.


A published author of a New York Times best-selling book, Bill wrote You’re Hired: How To Succeed In Business And Life. This book chronicles Bill’s successful life, experience and proven advice. He continued to make a name for himself as an author by writing Beyond the Lemonade Stand to help educate and motivate young people worldwide about the value of money and how to leverage skills, talents and abilities at an early age. All proceeds from the sale of this book have gone to charity. Bill has also co-authored I Do…Now What with his wife Giuliana Rancic where they share secrets to everlasting love.


Today Bill is one of the most sought after motivational speakers on the subject of entrepreneurship and business, sharing his entertaining lessons that vary from a pancake business he started with his grandmother at age 10 to his current multi-million dollar real estate enterprise in Chicago.

Join Bill at the Sunday night Keynote Dinner Function as he shares his inspirational story and insights on “How to Succeed in Business and Life.”

Healthcare IT Institute: A Resounding Success

The Healthcare IT Institute wrapped up last week and was a resounding success with comments including:

“I had a great experience. The event was extremely informational and fun at the same time. I was able to network with a great group of people.”

“The quality of the speaking faculty was excellent…with great knowledge of the topics and able to present with real life scenarios so the audience can relate.”

“The topics discussed touched on the core of the issues faced in healthcare today. The event offered a more intimate venue which provided a positive networking opportunity.”

Senior executives at hospitals and health systems across the US recognize the central role that IT will increasingly play in the drive to create efficiencies and balance cost and value. The discussions over the course of the three days at the 2017 Healthcare IT Institute centered on evolving and new roles within hospitals and health systems to better handle the explosion of data, to leverage data analytics, to facilitate the drive towards population health management, and to develop value-focused and consumer-driven initiatives that enhance patient access, interaction, and engagement.

Three highly engaging panels on The CIO Redefined as a Decision Maker, Skilled Strategist and Patient AdvocateLeveraging Big Data Analytics to Advance Value-Based Population Health Management and Effectively Meeting the Cyber Security Challenges generated lively discussions, a variety of questions and multiple conversations that continued throughout the Institute.

From an 'animal print-off' to a weekly red pant day, Laura Wilt of Ochsner Health System led an enthusiastic discussion on ways in which Hospital and Health System IT Departments can maximize their success through Driving Employee Engagement and Performance.

As Mary Alice Annecharico of Henry Ford Health System stated in a discussion on Making Cost Effective Investments in a Highly Regulated Environment, “You can write your own great ROI story, but the best successes take more than software. Create an organization[al] drive to achieve savings and formalize the effort with a charter and leadership buy-in. Leverage IT...as [a] catalyst for change, and actively engage clinical and rev cycle leadership for a holistic approach to improvement. Agility is key and change is constant".

After a busy few days with intensive information exchange and networking, including a fun night at The Westin Hilton Head Island’s Grand Ocean Terrace, the CIOs returned to their respective organizations, fresh with ideas for starting or improving various initiatives, having forged many new relationships and renewed their sense of purpose whilst at the Institute. 

We look forward to hosting next year’s Healthcare IT Institute, June 3rd – 5th, 2018. For further information about joining the speaker faculty, please contact Nas Panwar at npanwar@ipmionline.com

2017 Talent Acquisition Institute - A Thrilling Success!

The inaugural Talent Acquisition Institute meeting wrapped up just last week and proved to be a resounding success! Comments from TA Executives included:

“This is the best conference I’ve attended. It was great being surrounded by TA professionals who understand the industry and having the opportunity to interact and share best practices. This conference exceeded my expectations in every way.
“The speakers clearly understood recruiting. They were strategic and on point with their presentations that focused on real TA challenges. This is the best conference I have attended in years. It was an excellent use of my time and I will definitely use several of the ideas and strategies when I go back to the office. I usually do not like meeting with vendors but they shared new products and ideas that I wasn’t aware of.”
“We’re all too busy in our day to day roles to think about future state, therefore, I found this conference very helpful to enable me to pause and determine what is most important to running this function for ourselves, our candidates and our business!”

Whether the executives were discussing proactive sourcing, the varying impacts of technology and social media on acquisition efforts, the importance of data and analytics in today’s acquisition strategy, the importance of building an employer brand for an improved candidate experience or best practices for building a pipeline of talent, it was clear that they relished the opportunity to be able to share ideas, learn from one another’s experiences and maximize their time at the meeting through attending sessions, meeting with vendors and networking.

With responsibilities for a broad range of both strategic and transactional activities, the Talent Acquisition Leader’s role is often described as that of an “Advisor”, and in this dynamic corporate landscape, Heads of Talent Acquisition need to continually develop themselves into this role of ‘Talent Advisor’, as Celia Harper, Danaher’s VP of Talent Acquisition reminded us in her dynamic and passion filled session on “The Talent Advisor’s Journey.”

After a highly productive 2 ½ days, the Talent Acquisition Leaders returned home, fresh with ideas for starting or improving various initiatives having forged many new relationships and renewed their sense of purpose whilst at the Institute. 

IPMI hosts a series of Executive HR Meetings. For more information on the upcoming HR Management Institute Meeting, July 23rd – 25th, 2017 and next year’s Talent Acquisition Institute, May 20th – 22nd, 2018, please contact Amy Hallman at ahallman@ipmionline.com or comment below.

Recap of the 2017 Healthcare Finance Institute

The Healthcare Finance Institute wrapped up a couple of weeks ago and was a resounding success with comments including:

“I had a great experience. The event was extremely informational and fun at the same time. I was able to network with a great group of people.”

“The quality of the speaking faculty was excellent…with great knowledge of the topics and able to present with real life scenarios so the audience can relate.”

“The topics discussed touched on the core of the issues faced in healthcare today. The event offered a more intimate venue which provided a positive networking opportunity.”

Whether the executives were discussing patient safety and quality, the varying impacts of technology, HR Strategy, bridging the gap between fee for service and value based payments, best practices for optimizing revenue cycle or the rise of consumerism, it was clear that they relished the opportunity to be able to share ideas with one another, learn from each other’s experiences and maximize their time at the meeting through attending sessions, meeting with vendors and networking.

With responsibilities for a range of strategic, operational and technical activities, the CFO role is often likened to that of a conductor and in this dynamic healthcare landscape, CFOs and other executives need to develop and continually nurture resilience.

As stated by one of the Institute’s speakers, Dr. Samson Jesudass of Ascension Health, “As far as resilience is concerned, we in healthcare, are blessed to realize that every interaction we make, we have a God given opportunity to touch, heal and influence someone at the most vulnerable times in their lives. Every healthcare worker has this opportunity, be they the janitor or the person at the check in desk to the neurosurgeon/CV surgeon who operates. Helping them find meaning in what they do is key and recognizing what they do is imperative to keeping them engaged. People do not burn out because of hard work, they burn out because of meaningless work which does not contribute to the progress they expect.”

And with that thought, the Institute concluded and the CFOs returned to their respective organizations, fresh with ideas for starting or improving various initiatives having forged many new relationships and renewed their sense of purpose whilst at the Institute. 

We look forward to hosting next year’s Healthcare Finance Institute, April 22nd – 24th, 2018. For further information about joining the speaker faculty, please contact Nas Panwar at 

A Patient-Centric System is the Future of Healthcare IT

Globally, the US ranks number one in healthcare spending; on a per capita basis, the US will spend twice as much as on healthcare than any other industrialized nation. In 2016, the healthcare bill was over $3 trillion, about 18 percent of GDP. However, the World Health Organization (WHO) ranks the US 37th in healthcare capability and outcomes. One of the solutions to alleviate this is the improved exchange and control of data with a patient-centric focus.

Although Meaningful Use and the advent of the EMR have endowed many healthcare organizations with significant data assets, few would claim that we have truly realized the promised digital dividend. One of the most desired future capabilities is analytics-driven personalized healthcare: using data to guide care on an individual-by-individual basis.  However, different hospital systems, different payer systems and different Electric Health Record (EHR) systems have led to inadequate data exchange resulting in poor reconciliation of services, increased costs and frustrated patients.

This year, the Healthcare IT Institute is honored to have Dr. Edmund Jackson, VP & Chief Data Scientist at HCA and Alistair Jacques, SVP & CIO at Fairview Health Services share their insights and expertise with their executive CIO peers. Dr. Edmund Jackson will be leading a discussion on the digital dividend. His discussion will bring to light that while there has been progress made to use data to guide care on a personalized basis, the watershed moment leading to mass adoption has not been reached, and he will challenge the CIOs in attendance to answer, “Why?” And “How much still has to be done?”

Complementing Dr. Jackson’s discussion will be a lively session led by Alistair Jacques. Alistair will foster innovative dialogue with attendees on a patient-centric approach to thrive in the digital age. His session will present the case for patient mobile device management and how it is beneficial for both patients and providers: patients can access their records and get immediate medical help via an app, and providers will have easy access to patient information through a single patient ID, and their resources will be utilized more efficiently.

In a constantly evolving environment in which consumerism and customization are the catalysts for change, CIOs need to cost-effectively navigate the protection of PHI, proactively avoid cyber attacks and meet the health needs and digital expectations of their patients. Don’t miss your chance to share your insights and learn from your peers at this year’s Healthcare IT Institute, taking place June 4th – 6th, 2017 at The Westin Hilton Head Island Resort & Spa, Hilton Head Island, SC. Join the inner circle today

Healthcare CIOs Take On Big Data Analytics

As the healthcare industry transforms in order to meet the challenges of shrinking reimbursement, shared risk and increasingly empowered patients, the ability to use analytics to transform data into actionable information to enable better business and clinical decisions will determine which organizations will survive and thrive. The concept of Big Data has moved well beyond the theoretical stage and is presently being leveraged by numerous organizations to change how healthcare is delivered.

Are you equipping your team with the right tools and information to tackle the ongoing and upcoming challenges in big data analytics?

On June 4th, 2017 Tina Esposito, VP, Information & Technology Innovation at Advocate Health Care, Dane Hudelson, Analytics Leader at Sanford Health, Danyal Ibrahim, Chief Data & Analytics Officer at Saint Francis Hospital and Medical Center, and Ayad Shammout, Director, Data Platform & Business Intelligence at Beth Israel Deaconess Medical Center will be engaging healthcare CIOs in an interactive and informative discussion at the 2017 Healthcare IT Institute on leveraging data to maximize positive outcomes. During their session they will challenge their CIO peers to answer questions such as:

  • How does your hospital define big data?
  • How has your balance of resources changed to enable big data for population health management?
  • How is success defined for your analytic initiatives?
  • What challenges would your hospital need to overcome to leverage big data and produce results?
  • What are some emerging themes that you think will impact big data efforts?

Reserve your seat to join the conversation and attend the conference. This year’s Healthcare IT Institute is taking place June 4th – 6th 2017 at Westin Hilton Head Resort & Spa, Hilton Head Island, SC.

CIOs Conquering Cybersecurity Challenges

Cybersecurity is at the top of the agenda for healthcare leaders, and CIOs are ready to combat ongoing threats to their hospitals and health systems. In 2016 alone, a study from IBM and Ponemon Institute found that breaches in the U.S. healthcare field cost $6.2 billion each year and approximately 90% of hospitals have reported a breach in the past two years. These statistics cannot be ignored, and in order for CIOs to confidently ensure their patients that medical records in their system are secure, they must get the C-Suite involved and prepare their teams to take proactive measures to prevent potential cyber attacks.

From June 4th – 6th 2017, CIOs from leading hospitals and health systems will come together to attend the Healthcare IT Institute at the Hilton Head Island Resort & Spa, Hilton Head Island, SC to strategize on how best to tackle top healthcare IT challenges. A few of the CIOs in attendance - Bipin Karunakaran, VP Enterprise Data Management at Geisinger Health System; Tom Stafford, VP & CIO at Halifax Health, and Terrence Ziemniak, CISO at Carolinas Healthcare System – will be leading a lively and interactive discussion on top strategies, tips and tactics to effectively meet the cybersecurity challenge.

During their session they will encourage their CIO peers to share their insights and experiences whilst exploring topics such as predicting and preventing cyber breaches, maintaining resources to secure patient-generated data, creating an analytics and disaster recovery plan, ensuring compliance with regulations across departments, training staff to be vigilant regarding internet browsing and communicating cyber threats to the CEO. Secure your seat to join the conversation. 

Let's Talk About Telehealth

The rise of telehealth represents one of the biggest shifts in healthcare delivery over the last decade, and offering meaningful telehealth services will be critical to the future success of hospitals and health systems. Advancements in telehealth have given providers the opportunity to deliver care more efficiently, changing the way patients and providers interact with each other. From the patients’ perspective, they have information readily available and can engage with their provider digitally, reducing the rates of hospital admissions and re-admissions.

In just a few years, the global telehealth market is expected to reach $36.2 billion, up from $14.3 billion in 2014. In fact, 90% of healthcare executives report that their organizations have already begun developing or implementing a telehealth program, while 84% felt that the development of telehealth services is either very important (52%) or important (32%) to their organizations (2014 Foley & Lardner Telemedicine Survey Executive Summary). This year’s Healthcare IT Institute will feature interactive roundtable sessions that highlight some of the innovations and new frontiers that the industry is focusing on. 

Brian Wayling, AVP, TeleHealth Services at Intermountain Healthcare will be engaging CIOs in an interactive roundtable conversation on how to strategically engage an organization around Telehealth and implement a sustainable telehealth program. The CIOs will explore revenue vs cost, change management, cybersecurity, and compliance challenges.

The other roundtables at the Healthcare IT Institute will be led by:

David Chou, VP & Chief Information & Digital Officer of Children’s Mercy Hospital will focus on the impacts, benefits and risks of IoT in Healthcare. He, along with the CIOs in attendance will be sharing their experiences on how IoT is changing the way people live and stay healthy; how this new technology can predict future healthcare trends, how to analyze data, how to select the right tools for maximum insight, and how to manage cybersecurity.

Neil Gomes, Chief Digital Officer & SVP, Technology Innovation & Consumer Experience at Thomas Jefferson University and Jefferson Health will be fostering innovative dialogue on how hospitals can start planning for a consumer-focused, digitally enabled healthcare future. During his roundtable, CIOs will discuss the role of the Chief Digital Officer, and how this new role can work with the CIO, CMO, COO and CFO to design and develop value-focused, consumer-driven, digital strategies and solutions that enhance patient access, interaction and engagement. 

The Healthcare IT Institute is taking place June 4th – 6th 2017 at the Westin Hilton Head Island Resort & Spa, Hilton Head Island, SC. With the meeting approaching soon, reserve your spot to attend the program and join the innovation discussions with David Chou, Neil Gomes, Brian Wayling, and your executive CIO peers who have already confirmed their position. 

 

Recap of the Healthcare Law & Compliance Institute

On March 5th – 7th, 2017, leading General Counsel and Compliance Officers from hospitals and health systems across the country gathered at the St Regis Hotel in Atlanta for a few days of networking, learning, sharing of insights and strategies, as well as stimulating discussions around the risks and opportunities facing the U.S. Healthcare Industry. The 2017 Healthcare Law & Compliance Institute agenda was designed by Healthcare GCs for Healthcare GCs with the objective of keeping attendees abreast of current legal developments in a highly regulated and rapidly evolving environment. 

The agenda featured perennially critical discussions around cybersecurity, ERM, antitrust, internal investigations, PHM, revenue diversification, international PPPs, bundled payments, telemedicine, social media, a variety of enforcement actions, including but not limited to FCA, hospital governance and compliance program effectiveness. Attendees from organizations such as Ascension Health, Northwell Health, Carolinas Health System, Summa Health System, Cleveland Clinic, Partners HealthCare, Geisinger Health System, Texas Health Resources and UPMC, to name a few, benefitted greatly from the diverse range of perspectives and approaches.   

Healthcare reform initiatives over the past few years have spawned rapid consolidation, new care models, reduced reimbursement, physician employment and compensation challenges, and privacy and security concerns brought on by new technologies and population health management initiatives. Many General Counsel have been thrust into bigger roles – those of strategic advisor or partner to their senior executive administrators and boards of directors – demanding different skill sets to be successful. 

Some of the sessions that resonated strongly with the attending GCs were on effective law department management, optimizing outside counsel relationships, engaging and sustaining legal department employees and using analytics to measure and demonstrate value. The Institute concluded with a dynamic panel of legal leaders sharing their experiences of what qualities and skill sets in-house counsel must develop be most effective in their role to enable their organization to thrive in and respond to a continually evolving healthcare landscape.

Next year’s Healthcare Law & Compliance Institute will be taking place March 4th – 6th, 2018. If you would like to share some insights and experiences as a member of the Speaker Faculty, suggest topic areas for the agenda or join the waiting list for attendance, please contact Nas Panwar at npanwar@ipmionline.com

Congratulations!

IPMI would like to congratulate Tom Stafford, VP & CIO of Halifax Health, on receiving a 2017 Computerworld Premier 100 Technology Leader Award!

This prestigious award is given to the top 100 leaders in technology and business; these individuals have been recognized for their innovative solutions and unprecedented technology leadership that have led to groundbreaking improvements in their businesses.

We are so honored to have Tom Stafford speaking at the upcoming Healthcare IT Institute, taking place June 4th – 6th 2017 at the Westin Hilton Head Island Resort & Spa, Hilton Head Island, South Carolina. He will be sharing top strategies, tips and tactics on effectively meeting CyberSecurity challenges. In his session he will explore topics such as:

  • Maintaining resources and prioritizing risk to optimize and secure medical records, patient-generated data, mobile
  • Framing and communicating Cyber Threats to the CEO and Board
  • Exploring technology innovations which combat continued threats without breaking the budget
  • Examining the best ways to establish security, scrutiny and authentication
  • Walking the C-suite through a breach

The Healthcare IT Institute brings together CIOs from hospitals and health systems across the U.S., including David Chou, VP & Chief Information & Digital Officer, Children’s Mercy Hospital; Dr. Eric Hartz, SVP & Chief Health Informatics Officer, Trinity Health; Mary Alice Annecharico, SVP & CIO, Henry Ford Health System; and Dr. Edmund Jackson, Chief Data Scientist, Clinical Services Group, HCA – Hospital Corporation of America. Throughout the 2 ½ days, the CIOs will take part in insightful speaker sessions, innovative roundtable discussions, intimate business meetings and unparalleled networking opportunities to collaborate on topics such as improving the patient experience, leveraging technology to enhance the quality of care, driving IT employee engagement and enabling Population Health Management.

Are you ready to challenge your thinking, inspire creativity on your team and equip your organization with new tools? Please contact npanwar@ipmionline.com to see Tom Stafford speak and secure your spot at the Institute.

What Are the Major Challenges You Are Facing as an Executive HR Leader

The workplace is changing, and HR executives are ready to tackle what’s to come head on. From February 26th – 28th, CHROs and VPs of HR gathered at the JW Marriott in Miami, Florida for the HR Management Institute, to collaborate on HR solutions that will improve their organizations. Before the conference began, we polled the attendees from organizations including Best Buy, BASF, Corus Entertainment, L Brands, NBC Universal, Northwell Health and Schneider Electric, asking them, “What are the major challenges and concerns you are facing as an Executive HR Leader in your organization today?” The top 3 responses we received were: ‘Leadership Development’, ‘Talent Development’ and ‘Employee Engagement.’ 

With these concerns top of mind, the 2 ½ days consisted of roundtable discussions, networking opportunities and speaking engagements designed for HR leaders to foster innovative dialogue and work together to improve the HR industry. The discussions dove into solutions for developing leaders, attracting & retaining top talent, recognition programs that drive culture & engagement and leveraging technology to enhance HR capabilities. Equipped with innovative tools and information, attendees headed back to their offices ready to implement new strategies and best practices.

Are you ready to share your voice? The HR Management Institute is taking place for a 2nd time this year from July 23rd – 25th, 2017 at the Rancho Bernardo Inn in San Diego, CA. Please email ahallman@ipmionline.com to request a copy of the agenda.

Why Transforming Managers into Leaders Shouldn't Be Left to Chance

Guest Post: Simon Rakosi, co-founder, Butterfly

A common convention of fairy tales is for ordinary characters to make extraordinary transformations, acquiring impressive powers and competencies—sometimes overnight. I know what you’re thinking: if only developing talent were so easy.

For HR teams, nurturing and developing leadership talent isn’t merely a competitive advantage: it’s life or death in hypercompetitive industries and markets. Yet too often we expect these types of soft skills will be obtained magically, through osmosis perhaps, similar to what takes place in our favorite fairy tales.

Much has been written about leadership training—why it’s important and why we too often wait far too long to train our managers—but what about the crucial metamorphosis that occurs when a manager becomes a leader?

It’s on HR teams to recognize the differences between a manager and a leader, and identify the transformations that are required in the development of an effective leader. Here are a few key distinctions:

Managers educate around skills and tasks; leaders inspire around a vision.

When an employee first becomes a manager, their role is frequently described as an opportunity to scale their skills or talents across multiple people. While a good manager will figure out how to achieve this, a true leader understands his or her role in communicating the broader team and company vision to each employee so that they understand their place in the bigger picture. This encourages individual contributors to be more proactive when it comes to ideas that will move the needle for the broader team and business.

At our startup, we bring this concept to life through regular town halls in which we transparently articulate our vision to all levels of the organization, from co-founders like myself to interns. We also encourage employees to spend up to 20 percent of their time collaborating on teams and projects outside of their “regular” jobs, so that they may gain important access into the broader blueprint of the company.

Managers view their employees in silos; leaders focus on team dynamics.

One of the early steps a new manager will take is to schedule and host one-on-one meetings with employees. Of course the goal of any effective manager is to monitor the productivity and growth of each of his or her team members—but when it comes to becoming a leader, managers should also be able to view their team’s progress and dynamics as a unit.

This is where soft skill development can really come into play. Studies have shown that EQ is a greater indicator of leadership success than IQ, yet few organizations invest in training around empathy. One reason could be that empathy is a difficult skill to grasp, and it’s not so easily “coached,” yet just because it is difficult doesn’t mean it should be neglected. Providing simple training exercises around active listening can go a long way, for example.

Managers delegate tasks; leaders develop people.

This is important. One mistake new managers can make is to view their increased responsibilities through the lens of a delegator instead of an educator. Delegation is critical to scaling talents, as we’ve gone over in the first point, but truly the most important capacity of a leader is people development.

Unfortunately, while managing projects and assigning tasks is quite intuitive, understanding how to read, educate and inspire employees to grow is a much more nuanced ask. Companies can help new managers on this journey by showing them how to collaborate with team members on their personal career plans and providing guidance when it comes to the cadence and format of their progress updates and goal-setting.

Managers listen; leaders listen and act.

Finally, a true leader will not only collect employee ideas and feedback on a regular basis, but he or she will also find ways to act on that data. It’s not enough to demonstrate to employees that you are listening. Making the move from manager to leader means identifying and escalating employee feedback quickly, and helping initiate real change based on those insights. In other words, showing your team you’re listening is much more powerful than telling them you are.

Here’s an example from one of our partners at Butterfly. Using our employee intelligence and management coaching software, a junior employee at a large ecommerce entertainment company proactively suggested a company-wide bus program to help employees get to work more efficiently. Recognizing this feedback as not only warranted, but also quite astute, the manager helped push the idea up the chain of command. Just weeks later, the office instituted a bus program for all of its employees.

During a time when job automation is not an “if,” but rather a widely accepted “when,” HR teams face an important challenge when it comes to helping managers grow into leaders.

The impact of a strong leader has the potential to scale tremendously–and this transformation can (and should) take place at all levels. As such, HR teams should invest more in leadership coaching to managers of all levels, not just executives.

Questions about Butterfly or management coaching in general? I would love to continue the conversation. Please reach out to simon@butterfly.ai.

A Look At This Year's Environmental Health & Safety Management Institute

From January 29th – 31st EHS leaders from America’s largest organizations joined forces at the Environmental Health & Safety Management Institute to collaborate on solutions and tackle the industry’s top challenges. Some of the areas of focus included workplace safety, driving sustainability, Global EHS challenges, emerging technology to improve the world of EHS, and the corporate value of EHS.

Throughout the 2 ½ days, attendees were given the opportunity to sit in on insightful speaker sessions, share their experiences in innovative roundtable discussions, hand-select private business consultations with the leading EHS solution providers, and network with one another at interactive dinner functions.

Do you offer EHS solutions? The Environmental Health & Safety Management Institute is looking to fill its final 2 remaining partnership positions for the 2018 program. Please email me at ahallman@ipmionline.com to request further information. 

The Healthcare Finance Institute 2017 & 'The Big Short' Come Together

Q: What does the 2017 Healthcare Finance Institute have in common with ‘The Big Short’?

A: Steve Eisman

This year, Steve Eisman, managing director & portfolio manager at Neuberger Berman, and featured in Michael Lewis’ ‘The Big Short’, will be a keynote speaker at HFI 2017! With over 20 years of investment experience, he will be sharing real-life examples from his career to provide attendees with a fresh perspective on the financial market and equip them with top strategies to successfully tackle their 2017/2018 healthcare finance responsibilities. 

As one of the most knowledgeable and respected analysts on Wall Street, Eisman started his career at Oppenheimer & Co., where he was ranked an All-Star Analyst. Following that, he served as Partner and Senior Portfolio Manager at FrontPoint Financial Services Fund, and his involvement in predicting the 2008 financial crisis before it happened was written about in Michael Lewis’ ‘The Big Short’, and in 2015, shown on the big screen (his character was played by Steve Carrell). Currently, he serves as a Managing Director at Neuberger Berman and a Portfolio Manager for the Eisman Group within Neuberger Berman’s Private Asset Management division.

Don’t miss out on your chance to see him live, network with your hospital CFO peers, and improve your healthcare system. Secure your seat to attend the Healthcare Finance Institute 2017, taking place from April 30th – May 2nd. Here, CFOs from America’s largest hospitals and health systems will come together at the Omni Barton Creek Resort & Spa in Austin Texas to tackle challenges in the healthcare space and collaborate on solutions for the evolving healthcare space. Join the inner circle today

*Full agenda available upon request.

IPMI Announces Major Speaking Partnerships for Upcoming HR Management Institute

 B2B conference company, International Performance Management Institute (IPMI), announced a number of valuable speaking partnerships today for the upcoming HR Management Institute. These partnerships include Paula Baker, CHRO at Best Buy Co.; Wendy Crudele, VP Global HR Operations at The Walt Disney Company; Michael Messier, CHRO at Excelitas Technologies Corp.; and Greg Hicks, SVP HR at Cigna Corporation.

All speakers contribute significant knowledge and experience in leadership development, talent development and leveraging human capital metrics to IPMI’s semi-annual HR Management Institute, taking place February 26th – 28th 2017 at the JW Marriott in Miami, FL.

The HR Management Institute is an invite-only conference catering to C-Suite HR executives of Fortune 500 and 1000 companies across the country. In addition to a robust agenda, IPMI also invites only the most cutting-edge solution providers to the Institute to deliver contemporary and relevant information exchange to attendees. What sets IPMI conferences apart from other conferences are the pre-scheduled, pre-selected one-on-one business meetings with relevant solution providers.

Don’t miss out on the opportunity to join the esteemed group of CHROs ready to drive employee engagement, improve corporate culture, and inspire creativity. Please call the director of the program, Mark Arruda, at 416-628-4058 ext 101 or send him an email at marruda@ipmionline.com for more information and to secure your seat.

IPMI is one of the world’s fastest growing providers of B2B information. IPMI develops and disseminates critical and timely business events exclusively for senior corporate executives. Bringing product providers and purchaser business communities together in print, in person and online, we have a reputation for delivering high quality and relevant information to our clients, empowering them to make educated business decisions to drive corporate performance objectives.

Strategic Patent Monetization

Every IP asset requires a unique IP monetization strategy as there is no single true method that can work for every asset, company and industry. Prior to embarking on your strategy, it’s important to identify your goals and objectives, starting broadly and then funneling down to more specific ones. Some examples of broad goals include generating revenue, recouping the investment that was put into the research and development of the patents, ensuring competitive advantage and building recognition as an industry innovation leader. Once you start building your IP strategy, you must determine the value of your patents and how strong your patents’ claims are, as well as engage in competitive analysis to understand other companies that may be infringing on your patents.

Which Patents Should You Monetize?

If you have a large patent portfolio, selecting which patents to monetize requires an analysis of your patents to determine which ones are most likely to be commercially viable and valuable, taking into account the value of the patent (ideally leveraging a database of IP transactions rather than leaving it to the courts to determine value through costly litigation), whether the patent is being infringed and the depth of the infringement, the strength of the patent as determined by novelty and non-obviousness and lastly whether the patent covers core versus non-core technology.  With respect to the latter, while most companies have focused on monetizing non-core technology in order to generate revenue from an underperforming or non-performing asset, monetizing core patents has increasingly become a central part of many companies’ monetization strategy.  Even if you have a small patent portfolio, it is important to be selective in which patents you choose to monetize as you will have a limited budget to work with.

What Are Your Options For Selecting The Optimal Monetization Strategy

Whether you choose direct or indirect, your company can make money from both options – it’s up to you to determine which one is a better fit. With direct licensing, your company will maintain the ownership of the patent and will be control of decisions. By maintaining ownership, your company will receive a higher ROI. However, it’s important to note that with direct licensing, you are spending more money, which isn’t ideal for organizations with a tight IP budget. Turning to indirect licensing, your company has the option to transfer its assets to a third party to take over the monetization process. Indirect licensing is an inexpensive option and while you will see a return, it will be a lower rate.

Take advantage of both your core and noncore assets. Noncore assets should be included in your IP monetization strategy. Since your business no longer actively uses them, you may opt to leverage them, selling them to pay off debt or invest in other areas. Your company’s core assets are extremely valuable and should be patented. While patenting core assets does have a higher risk of being tried by competing companies, there is also a higher reward as you have invested more of your money in them.

Do you have more IP monetization strategies and tips? Join the IP Law & Management Institute Group on LinkedIn and share your expertise and get the conversation flowing. Further, in the group you can request your invite to the IP Law & Management Institute, taking place from November 6th – 8th 2016 at The Four Seasons Westlake Village, CA. Here, Chief IP Counsel and VPs of Intellectual Property from Adobe, SanDisk, Lenovo, BASF, Coca-Cola, Verizon, HP, GE Digital, GoPro, GE Healthcare, Etsy, GoDaddy and Cisco (to name a few) will come together to discuss global monetization strategies, advanced patent portfolio strategies, reducing IP expenses, open source software, tips for In-House Counsel, online trademark reform, protecting IP in a weakened patent system, and more.