Becker's Healthcare November 25, 2024
Todd Conklin, executive vice president and CFO of Care New England, is working to steer the Providence, R.I.-based health system through industry challenges while implementing strategic initiatives for growth and efficiency.
Mr. Conklin told Becker’s that the two most significant hurdles facing Care New England this year have been navigating certain value- and risk-based contracts while managing the rising cost of self-insured employee medical coverage.
The health system is dealing with rising costs for its self-insured employee medical coverage, which is driven by an increase in post-pandemic healthcare utilization. A delay in care during the COVID-19 pandemic has led to an increase in inpatient demand, which is affecting patients and employees.
“We are focusing on developing strategies to better...
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