Latest / Becker’s Healthcare Podcast / Leading Through Integration, Growth, and Workforce Flexibility with Trey Crabb
Transcript
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- 0:26- Welcome to the Becker's Healthcare podcast. I'm Kelly
- 0:28- Guich, managing editor at Becker's, and I'm thrilled
- 0:30- to be joined today by Trey Krab, CEO
- 0:33- of Deaconess Associations Incorporated.
- 0:35- Trey, thank you for joining me today. Thanks
- 0:37- for having me, Kelly.
- 0:38- Of course. And to start off with, I
- 0:40- was wondering if you could briefly introduce yourself,
- 0:42- your role, the scope of your organization, and
- 0:44- and really what's currently commanding most of your
- 0:46- attention as a leader right right now? I'd
- 0:48- love to do that, and and thanks for
- 0:51- having me again. It's Trey Crabb. I'm CEO
- 0:54- of Deaconess Associations Inc. We're based in Cincinnati.
- 0:57- We are a Christian focus not for profit
- 1:00- molding company of four businesses,
- 1:02- and the business
- 1:03- businesses that we're in are, focused on home
- 1:06- health, hospice,
- 1:08- personal care, which is Medicaid focused, as well
- 1:10- as a, physical occupational
- 1:13- and speech therapy
- 1:14- business that's focused on senior living, and we
- 1:17- operate in 23 states.
- 1:19- As far as what's keeping me busy right
- 1:21- now, I would say 80% focused on management
- 1:24- of the existing businesses that we have as
- 1:27- well as 20% looking outside
- 1:30- for opportunities to partner with other organizations,
- 1:33- acquisitions, and things that might help us increase
- 1:36- our density and make connections with our businesses.
- 1:40- And in a year marked by this rapid
- 1:43- change we're seeing, what recent decision or pivot
- 1:45- would you say required the most leadership conviction
- 1:47- from you, particularly
- 1:49- when it came to aligning people, resources, or
- 1:51- or capabilities?
- 1:52- Wow. It's a good question.
- 1:55- We had a situation with,
- 1:57- maybe the last time we did this, I
- 1:59- had five businesses, but we made the decision
- 2:01- within the last year or so to merge
- 2:04- two of those companies together due to their
- 2:05- overlapping geography and
- 2:08- operations that they had. They were home health
- 2:09- and hospice businesses that were previously separate.
- 2:12- So we had a lot of people that
- 2:14- were in those organizations, and we tried to
- 2:17- arrange the best people from each one of
- 2:19- them to occupy just one seat,
- 2:21- that was left after the the merger without
- 2:24- losing the culture
- 2:25- or the historical organization's work that
- 2:28- that was in place already. And it wasn't
- 2:30- without turmoil.
- 2:31- It took, the better part of a year
- 2:32- to get it done. There was some turnover
- 2:34- with it, but it's quieted down since then.
- 2:37- From that's the people side. From a system
- 2:39- side, we've merged,
- 2:41- financial systems,
- 2:42- human resources systems,
- 2:44- clinical systems altogether,
- 2:46- to,
- 2:47- kind of close that that merger out.
- 2:49- Yeah. Definitely a big big endeavor.
- 2:52- Absolutely. And
- 2:53- so I'm curious how that moment then really
- 2:56- maybe challenged some of your assumptions,
- 2:58- and what did it change about how you
- 3:00- approach decision making talent or organizational readiness right
- 3:03- now? I think
- 3:05- the the the key message that I learned
- 3:07- and took away from that is not to
- 3:08- delay these decisions.
- 3:10- You wanna
- 3:11- be sure that you, make the decision and
- 3:13- move forward boldly.
- 3:15- There was some concern about operating in markets
- 3:18- with a long standing presence with certain of
- 3:20- our brand names. For example,
- 3:22- in this particular business, we have maybe 20
- 3:25- different trade names that we operate in in
- 3:28- different parts of our markets there, and we
- 3:30- left all of those in place
- 3:32- so that the community felt like we had
- 3:35- continuity there even if we had moved some
- 3:37- of the folks around both in leadership and
- 3:39- clinical operating positions.
- 3:42- And
- 3:43- when you do think about so many of
- 3:45- the forces really reshaping health care right now,
- 3:48- where do you believe leaders need to maybe
- 3:50- be more decisive,
- 3:51- especially when balancing speed risk and having the
- 3:53- right teams in place?
- 3:55- That's a good question.
- 3:56- With our business, we're about 95%
- 3:59- Medicare,
- 4:00- Part a and Part b, so we're a
- 4:01- price taker
- 4:02- with our business.
- 4:04- But we still need to grow organically
- 4:06- and with, business line expansions to help counteract
- 4:10- what, in some cases, are
- 4:12- reductions in our rates, in Medicare that, get
- 4:15- pushed down to us. And so another,
- 4:18- another thing that we do there is
- 4:20- look to joint ventures to help fill in
- 4:23- some of our density, and that's with hospital
- 4:25- systems. So we're looking to do all of
- 4:27- those things.
- 4:29- And
- 4:30- as a sort certainty has really become
- 4:33- normal in today's environment, what leadership habit or
- 4:36- mindset has been most critical in keeping your
- 4:38- organization and your people,
- 4:39- moving forward?
- 4:41- So as I mentioned at the beginning, we,
- 4:42- have these four businesses,
- 4:44- and, we we own them all a 100%.
- 4:48- I bring the teams together to,
- 4:51- foster open communication amongst leadership,
- 4:54- and we share best practices at that level
- 4:56- as well. So we've got really good fortune
- 4:59- of being able to pull these teams together
- 5:00- and talk about the good, the bad, and
- 5:03- the ugly.
- 5:04- There's not very much of that, but sometimes
- 5:06- things come up and you have to deal
- 5:08- with them. And the good news is,
- 5:11- one or more of our leaders have been
- 5:13- in that situation before, and they can share
- 5:14- their experiences with others so that they can
- 5:17- help to navigate through that. It's a little
- 5:19- bit easier,
- 5:20- and more supportive to do that with, our
- 5:22- group of companies than it would be if
- 5:24- we just had one stand alone business, I
- 5:25- think.
- 5:27- And
- 5:28- I know we've been talking a little bit
- 5:29- about the workforce already, and and I'm curious
- 5:31- too as as labor markets, of course, remained
- 5:33- high and demands continue to grow, how are
- 5:35- you really rethinking traditional workforce models, including greater
- 5:38- use of international or contingent talent
- 5:41- to build resilience rather than just fill those
- 5:44- staffing gaps that are done? This is a
- 5:45- good question for our, physical, occupational, and speech
- 5:48- therapy business.
- 5:50- We employ,
- 5:52- kind of therapy staff,
- 5:54- you know, in every segment of that business
- 5:57- and also assistance to those, professionals that do
- 6:00- this work. And then, within each of those
- 6:03- groups, we have full time, part time, and
- 6:06- PRN staff in in each one of them.
- 6:09- So we've built a, flexible staffing model to
- 6:12- help
- 6:13- cover our senior living partners,
- 6:15- in assisted living and memory care. And that's
- 6:18- a way that it works for both the
- 6:19- people that we employ, and we hope that
- 6:21- it reduces turnover,
- 6:23- but also, gives our clients good coverage so
- 6:25- that they know that their residents are getting
- 6:28- the best care possible. So that's how it
- 6:30- works for us. Right.
- 6:32- Well, thank you so much, Trey, for a
- 6:34- fun and interesting conversation today, and we we
- 6:36- hope to keep, working with you again soon.
- 6:39- Thanks so much for having me. See you
- 6:40- next time.