Latest / Becker’s Healthcare Podcast / Christopher E. Smith on Pediatric Growth, Financial Sustainability and Physician Workforce
Transcript
- 0:02- There's a small circle of people who truly
- 0:04- understand what it takes to lead a health
- 0:05- system right now. The decisions are enormous.
- 0:08- The variables are constantly shifting, and the stakes
- 0:11- of getting a call wrong don't stay contained.
- 0:14- That's not a complaint. It's a structural reality.
- 0:17- And it's why the most effective c suite
- 0:19- leaders are deliberate about where they go to
- 0:21- pressure test their thinking.
- 0:22- Becker's fourteenth annual CEO and CFO roundtable
- 0:26- brings together more than 1,500
- 0:28- executive level attendees
- 0:30- and nearly 400 speakers for four days built
- 0:32- around growth, financial sustainability,
- 0:35- workforce strategy, and the leadership questions that don't
- 0:38- have easy answers.
- 0:39- Join us November second through the fifth in
- 0:41- Chicago.
- 0:42- For the agenda and event details,
- 0:45- visit beckershospitalreview.com
- 0:47- and click on the events tab in the
- 0:49- upper right.
- 0:50- This is Laura Dirdo with the Becker's Healthcare
- 0:52- podcast. I'm thrilled today to be joined by
- 0:55- Christopher Smith, chief financial officer and senior director
- 0:57- at UT Le Bonheur pediatric specialist
- 1:00- in Le Bonheur Children's Hospital.
- 1:03- Christopher, it's a pleasure to have you on
- 1:04- the podcast today. Yep. Thank you for having
- 1:06- me. I appreciate the opportunity.
- 1:08- Absolutely.
- 1:09- Now I'm excited for our conversation. I know
- 1:10- we're gonna be talking about a lot of
- 1:12- great things you're doing at the hospital as
- 1:14- well as how you're looking at the future
- 1:15- and in leadership too. But before we dive
- 1:17- in, can you tell us a little bit
- 1:18- more about yourself and your background?
- 1:20- Sure. So I've been with Le Bonheur Children's
- 1:23- Hospital for about seventeen years.
- 1:25- My current role,
- 1:27- only in the past two years as CFO
- 1:29- for the practice plan.
- 1:31- So ULPS itself,
- 1:33- or UT Le Bonheur pediatric specialist is a
- 1:36- pediatric academic,
- 1:38- physician group. We're affiliated with Le Bonheur and
- 1:41- the University of Tennessee Health Science Center.
- 1:43- Our region that we kinda cover is a
- 1:46- tristate region.
- 1:47- So we're over West Tennessee,
- 1:49- North Mississippi,
- 1:51- and East Arkansas.
- 1:52- So we have clinics kinda sprinkled out throughout
- 1:55- that area,
- 1:56- Downtown Memphis, East Memphis. Then we go out
- 1:59- as far as Jackson, Tennessee, Jonesboro, Arkansas, and
- 2:02- Tupelo, Mississippi.
- 2:04- We've roughly got 350
- 2:06- providers in our provider group. We cover 37
- 2:10- pediatric specialists.
- 2:12- That's before getting into subspecialties,
- 2:15- within those areas.
- 2:16- So this year, we're on track for roughly
- 2:19- a 146,000
- 2:21- patient visits. That's
- 2:22- including 37,000
- 2:24- new patients,
- 2:26- that we'll be seeing seeing. So there's a
- 2:28- lot of tremendous amount of both scale,
- 2:31- clinical complexity,
- 2:32- kinda across the organization that we have. I
- 2:35- like to think of my role as a
- 2:36- little bit broader than your traditional
- 2:38- CFO role with just finance accounting.
- 2:41- I'm overseeing revenue cycle, revenue integrity,
- 2:45- provider enrollment,
- 2:46- payer contracting,
- 2:48- provider relations.
- 2:50- But we do handle a line share
- 2:52- of,
- 2:53- provider productivity
- 2:54- metrics,
- 2:55- such as access,
- 2:57- work RVU production
- 2:59- to help kinda translate
- 3:01- the clinical activities we're seeing to that financial
- 3:03- performance.
- 3:04- So
- 3:05- the breadth is kinda one of the things
- 3:07- that I enjoy the most, I would say,
- 3:09- about the role,
- 3:10- because it puts me at that intersection of
- 3:12- finance operations and strategy.
- 3:14- In a physician organization like ours, financial performance
- 3:18- is always kinda the downstream result
- 3:21- of operational performance. So I spend a lot
- 3:23- of time looking at those
- 3:24- access numbers, provider capacity,
- 3:26- productivity,
- 3:28- onboarding, workflow,
- 3:30- rev cycle,
- 3:31- just to make sure everything is kinda connecting
- 3:33- and ticking and working together.
- 3:36- Well, that's great to hear. And it it
- 3:37- seems like a a fascinating role to be
- 3:39- in in a space where you really have
- 3:40- the opportunity to impact so many aspects of
- 3:43- the organization
- 3:44- and then support that delivery of really, really
- 3:47- important clinical care. Now could you give us
- 3:49- a a quick state of the union, for
- 3:51- the hospital in general? What's gone well this
- 3:53- year, and what what are you focused on
- 3:54- for the rest of 2026?
- 3:56- Yeah. So,
- 3:57- for the
- 3:58- hospital kinda provider group itself too, we,
- 4:02- specifically my area on the provider group side,
- 4:05- but the hospital as well, we're part of
- 4:07- the larger Memphis Lebonner health care system. And
- 4:10- in 2024,
- 4:11- at the end of that year, we moved
- 4:13- into Epic as our electronic medical record.
- 4:16- Then then roughly a year after that, we
- 4:19- partnered with Ensemble to handle revenue cycle space.
- 4:23- So we transitioned specifically at,
- 4:26- ULPS,
- 4:27- our coding, and our back end of our
- 4:29- revenue cycle functions to that partnership model.
- 4:32- So over kind of a relatively short period
- 4:35- of time, we we've changed technology platforms,
- 4:39- operating
- 4:40- that we're operating on,
- 4:41- and a significant portion of our revenue cycle,
- 4:45- structure had been changed. So
- 4:47- creating a lot of change,
- 4:49- that's also created a lot of opportunity that
- 4:51- we have kinda going on. And that opportunity
- 4:53- really to me is to refine a lot
- 4:55- of the workflows,
- 4:56- improve some of the visibility we have, better
- 4:59- connect with the operational and financial data together.
- 5:03- And what I mean by that is really,
- 5:05- getting a better look at patient access,
- 5:08- provider productivity,
- 5:10- charge capture, revenue cycle performance,
- 5:13- and our financial results, kinda to connect them
- 5:16- all together,
- 5:17- rather as separate functions.
- 5:19- So
- 5:20- one of the things over the last,
- 5:22- year that I've done that has been particularly
- 5:25- helpful,
- 5:26- that we're continuing to do is,
- 5:29- partnering with the clinical operations. I host a,
- 5:32- financial office hours is what I call them.
- 5:35- Allows our clinic managers to come in,
- 5:37- ask questions,
- 5:39- work through financial information,
- 5:41- work through dashboards,
- 5:43- the p and l that we send out,
- 5:45- all the data that we're pushing out so
- 5:47- they can ask
- 5:48- questions or something that they're seeing that they
- 5:51- wanna check and make sure it makes sense
- 5:53- fiscally on the other side of the business
- 5:55- with us.
- 5:56- And then I'll also post topics every now
- 5:58- and then and talk to kinda help with
- 6:01- our financial literacy that we have,
- 6:04- to make sure that they understand
- 6:07- our side of the street. We understand their
- 6:08- side of the street because we're all, you
- 6:10- know, interconnected and and working towards one goal
- 6:12- there.
- 6:14- I would say,
- 6:15- also, from the remainder of the year,
- 6:18- there's kind of
- 6:19- three
- 6:20- areas
- 6:21- of focus. So,
- 6:23- one of our biggest ones here within ULPS
- 6:26- is improving patient access,
- 6:28- and helping assist that with through provider productivity.
- 6:32- Strengthening revenue integrity is an important piece of
- 6:35- that puzzle,
- 6:36- to myself, helping reduce
- 6:38- whatever revenue leakage that we may have out
- 6:40- there.
- 6:41- And then working with Ensemble
- 6:43- and ourselves partnering to make sure we optimize,
- 6:47- our epic workflows for the clinical side
- 6:50- as well as the business side of of
- 6:52- how we do our billing and the revenue
- 6:54- cycles aspects of that.
- 6:56- So
- 6:57- I would say
- 6:58- a lot
- 7:00- at the forefront, of course. Our financial results,
- 7:03- like I usually like to say, our financial
- 7:05- results tells you usually where to look,
- 7:07- but they don't always tell you where,
- 7:09- things need to be fixed.
- 7:11- So we kind of have have went to
- 7:14- optimization
- 7:15- focusing on,
- 7:17- what we can see under the hood with
- 7:18- the root cause analysis is and partnering with
- 7:22- our clinical managers and team,
- 7:24- to nail down those processes.
- 7:27- Got it. That makes a lot of sense.
- 7:29- And, you know, it really is interesting to
- 7:31- be able to have all of of that,
- 7:33- in place. And I think to your point,
- 7:35- you know, the office hours sound like a
- 7:37- really great opportunity
- 7:39- for different,
- 7:40- department leaders to come in and align and
- 7:42- understand better the financial side of things. And
- 7:44- then
- 7:45- thinking through the partners you have with Epic
- 7:48- and then Ensemble
- 7:49- and others,
- 7:50- on the revenue cycle side and just overall
- 7:52- operationally, it seems like technology is coming into
- 7:55- play a good amount. And so, you know,
- 7:57- when you look at everything that
- 7:59- is,
- 8:00- happening right now and and and all of
- 8:02- those different partnerships,
- 8:04- internally and externally,
- 8:06- how do you keep it all in place
- 8:07- and really make sure everybody is focused on
- 8:10- and working towards the right things, especially coming
- 8:12- into
- 8:13- next year when I know there's going to
- 8:14- be a good amount of changes, on the
- 8:16- financial side?
- 8:18- Yeah. So, for us, keeping organized,
- 8:22- making sure that we have the touch points
- 8:24- that we have with our leaders,
- 8:26- making sure we're getting that,
- 8:28- whatever
- 8:29- reports for us. It's big,
- 8:31- transparency wise. I've I've pushed that from from
- 8:34- day one of being in this role, so
- 8:36- making sure providers have access to their data.
- 8:38- We do that through financial dashboards.
- 8:42- We also,
- 8:44- make ourselves available,
- 8:46- have a big and open door policies, that
- 8:48- kind of thing,
- 8:49- to make sure that our providers are comfortable
- 8:51- with the data they're seeing. A lot of
- 8:53- times, they're coming to us and saying, hey.
- 8:55- I'm seeing this, from the data that you
- 8:58- sent. Help me kinda put this together, and
- 9:00- then we can kinda work through a lot
- 9:02- of the optimization,
- 9:04- strategy that we have.
- 9:06- That sounds like it it makes, a lot
- 9:08- of sense, and it is really cool to
- 9:10- have that in place,
- 9:12- as a way to keep everybody aligned and
- 9:14- moving in the right direction.
- 9:16- Now looking ahead to, what are some of
- 9:17- the big headwinds that you have your eye
- 9:18- on and are preparing for?
- 9:21- Yeah.
- 9:22- So as it comes to headwinds, there's there's
- 9:24- three things that I think most everybody in
- 9:27- the the industry is kinda familiar with, a
- 9:29- lot of them specifically in pediatrics. So the
- 9:32- first being reimbursement pressure.
- 9:34- So there's a cost and complexity of delivering
- 9:37- pediatric specialty care.
- 9:39- That cost continues to rise.
- 9:42- Reimbursements not always keeping pace with that rising
- 9:45- cost.
- 9:47- So it's putting a lot of pressure on
- 9:48- us to think and be creative and making
- 9:51- sure that we're using our resources and being
- 9:53- the best stewards that we can
- 9:55- to deliver the best care that we can
- 9:57- for our patients.
- 9:59- The second is workforce.
- 10:02- So,
- 10:03- particularly,
- 10:04- we have a a shrinking provider pipeline,
- 10:08- in several pediatric specialties that we have, especially
- 10:10- with the breadth of specialties that we run
- 10:13- here. There's, of course, national shortages
- 10:16- of some of these pediatric providers, so we
- 10:19- can't just simply locally recruit.
- 10:22- That's a challenge.
- 10:23- So one of the advantages that we have
- 10:25- is our relationship with the University of Tennessee
- 10:27- Health Science Center. That kind of creates an
- 10:30- opportunity for us to be more intentional about
- 10:32- developing physicians,
- 10:34- specific specifically in an academic environment.
- 10:37- Helps create that pathway for them to ultimately
- 10:40- join UT,
- 10:41- Le Bonheur pediatric specialist as a provider.
- 10:45- So we we cannot simply create an increasingly
- 10:49- limited pool of experienced physicians. So this is
- 10:52- kinda how we work to build our workforce,
- 10:55- specifically for the future.
- 10:57- The third
- 10:58- is,
- 11:00- continuing administrative complexity. So between credentialing, enrollment,
- 11:05- prior authorization,
- 11:06- documentation,
- 11:07- charge capture,
- 11:09- payer requirements,
- 11:11- all those can kinda create function friction. I'm
- 11:14- sorry. Those delays can impact,
- 11:17- patient access,
- 11:19- provider productivity,
- 11:21- and ultimately reimbursement. So those are the kind
- 11:24- of headwinds that we have. It really comes
- 11:27- down to protecting access,
- 11:29- strengthening
- 11:30- our provider pipeline,
- 11:31- and removing those,
- 11:33- operational friction,
- 11:35- that we have in those spaces so we
- 11:36- can operate,
- 11:38- as a as a well oiled machine.
- 11:40- All three seem like vitally crucial when you
- 11:43- think about the continuing operations and sustainability
- 11:46- for the next couple of years. And I
- 11:49- I think you know, appreciate you talking through
- 11:51- the reimbursement pressures. I know that's something top
- 11:53- of mind for so many people. And then
- 11:55- workforce too, strengthening that pipeline there, will make
- 11:58- a big difference. Are you seeing any types
- 12:01- of
- 12:02- trends
- 12:03- or or or changes when you look at,
- 12:05- trying to bring in additional physicians, providers, or
- 12:08- or team members?
- 12:09- If you can't recruit locally, how are you
- 12:11- thinking through,
- 12:12- additionally,
- 12:14- bringing in more folks so that you can,
- 12:16- continue to provide access to care across the
- 12:18- board.
- 12:19- Sure. Well, Le Bonheur honestly makes it easy.
- 12:21- It's a amazing hospital.
- 12:24- If we can get,
- 12:25- a recruit provider into the door, it's easy
- 12:28- to showcase
- 12:29- how how incredible this place is and how
- 12:32- patient centered,
- 12:33- the facilities are that really drive the hospital
- 12:36- operations
- 12:38- for us to be able to recruit.
- 12:40- So we do,
- 12:42- just because of Lebonneur and the nature is
- 12:44- being ranked in US News and World Report
- 12:47- have a have a really good reputation.
- 12:49- So,
- 12:50- we do leverage that outside recruitment when we
- 12:53- can,
- 12:54- of course, to go out and get the
- 12:56- the
- 12:57- hottest, latest new provider talent that we have
- 12:59- out there.
- 13:01- And then it's also enticing just to have,
- 13:04- the the realm of pediatrics tends to lend
- 13:07- itself,
- 13:08- to that academic,
- 13:10- interest of those providers and the the brightest
- 13:13- out there that we can get,
- 13:15- always wanna continually
- 13:16- learn and grow,
- 13:18- which makes it easier to even recruit,
- 13:21- from outside.
- 13:22- So, really, we're working two ends of that,
- 13:24- not just
- 13:25- growing the workforce through,
- 13:28- UT Health, Science Center's
- 13:31- partnership that we have with ULPS and the
- 13:33- hospital,
- 13:34- but also just being able to to recruit
- 13:37- ourselves nationally there.
- 13:39- Helpful to understand. And, you know, it seems
- 13:41- like a really, really great position to be
- 13:43- in,
- 13:44- to try to solve some of these challenges.
- 13:46- Now how else are you thinking about growth
- 13:48- over the next two to three years? What's
- 13:50- really gonna be critical as you look at
- 13:51- continuing to grow and expand?
- 13:54- Yeah. So we definitely have some opportunity
- 13:57- within the next two to three years,
- 14:00- really aligning,
- 14:01- our clinical resources with where demand exists.
- 14:04- So I'm a I'm a big data guy,
- 14:06- big into analytics.
- 14:08- So,
- 14:09- of course, we're taking a look at work
- 14:11- our views that we're generating, but we don't
- 14:13- look at that siloed. We we really wanna
- 14:15- pair that with our scheduling data,
- 14:17- our access data, our wait list, and other
- 14:20- locations that we serve.
- 14:22- That helps us kinda really identify
- 14:24- where the demand is and where the demand's
- 14:27- outpacing,
- 14:28- where we have our resources,
- 14:30- so we can better align with the communities
- 14:32- that we serve.
- 14:34- So growth also for us doesn't necessarily mean
- 14:37- just hiring more providers.
- 14:39- It all is really for me a a
- 14:41- refinement.
- 14:42- So making sure we're effectively using the resources
- 14:45- that we have so everybody's
- 14:46- we got the right specialty in the right
- 14:48- place at the right time for our patients.
- 14:51- I would say another opportunity,
- 14:53- that we have is rural health.
- 14:55- So,
- 14:57- meeting the patients kind of where we are
- 14:59- is a lot of the culture.
- 15:00- Where they are is a lot of the
- 15:02- culture at Le Bonheur.
- 15:04- So looking at ways to expand,
- 15:06- that specialty care into communities where families have
- 15:09- limited access,
- 15:11- is a big initiative for us,
- 15:13- taking it there. And then, of course,
- 15:15- we're on a podcast, so we can't not
- 15:17- mention AI at some point in the conversation.
- 15:21- So I think there's an opportunity with AI.
- 15:24- Right now, we're
- 15:25- piloting an AMIA AI documentation technology,
- 15:29- so where we can
- 15:31- we'll listen to the conversation between the provider
- 15:34- and the patient, scrubs it, pulls in all
- 15:36- the clinical
- 15:37- necessary information from that conversation.
- 15:40- Of course, the physician still has to review
- 15:42- it, make any necessary edit edits, and then
- 15:45- ultimately sign and own that documentation.
- 15:48- But if that technology allows us to reduce
- 15:50- the burden,
- 15:52- specifically after hours,
- 15:54- as some people call it, pajama time from
- 15:56- our providers and give them some meaningful time
- 15:59- back,
- 16:00- create that capacity, help them with work life
- 16:02- balance,
- 16:04- then then we're doing the right thing for
- 16:06- the providers there. So
- 16:09- it's truly taken the the data and showing
- 16:13- where that additional capacity may be,
- 16:16- targeted,
- 16:17- recruitment and expansion,
- 16:20- where we have to. And and that kinda
- 16:23- gives us that threefold effect where it's the
- 16:25- alignment of capacity,
- 16:27- expanded access where the community needs us, and
- 16:30- technology to give our physicians more time, to
- 16:33- focus on patients and and themselves.
- 16:36- I love it. And I think having that
- 16:38- ability to continue to grow and develop and
- 16:41- and with patients at the center, really,
- 16:43- it is the smartest way to develop that
- 16:46- strategy and and keep going on. Now I
- 16:49- wanted to ask you about leadership too. Could
- 16:51- you tell me about a leader who you
- 16:52- admire from really any industry and why?
- 16:56- Yeah. So,
- 16:57- that's a hard question for me. There's I
- 16:59- don't have,
- 17:00- specifically
- 17:01- one person I point to. I've had some
- 17:04- really great leaders throughout my time here.
- 17:07- I've had one leader who kinda showed me
- 17:10- that if you give a person an opportunity,
- 17:12- you give them some ownership,
- 17:14- trust them, give them room to grow, that
- 17:16- they're gonna kinda impress you
- 17:18- and and show you really what they're capable
- 17:21- of. Another leader,
- 17:22- that I've had through my time here,
- 17:25- the importance of data integrity was was very,
- 17:28- instilled into me. Information putting information in front
- 17:31- of someone
- 17:32- and asking someone to make a decision or
- 17:34- work towards a decision.
- 17:36- That data integrity, making sure the data is
- 17:39- right is extremely important.
- 17:41- And then
- 17:42- another leader
- 17:44- kinda instilled in standing behind the data. As
- 17:47- a finance leader, there's gonna be times where
- 17:49- numbers tell you something,
- 17:51- that you really don't wanna hear. And it
- 17:53- could be like a a tough conversation that
- 17:56- needs to be had,
- 17:57- but we have to be willing to explain
- 17:59- it, stand behind it, and ultimately do what's
- 18:02- right for the patients,
- 18:03- in the decisions that we make.
- 18:06- So
- 18:07- my probably my biggest influence is, honestly, has
- 18:10- to do with the culture here.
- 18:12- At Le Bonheur working in my my tenure
- 18:14- here,
- 18:15- a lot of that's doing what's right for
- 18:17- the patient.
- 18:19- Focusing on doing what's right for the patient
- 18:21- allows the financial results to follow that. It's
- 18:24- really a philosophy that we have here,
- 18:26- that we've always held on to,
- 18:29- making those right decisions for the patient, keeping
- 18:31- them,
- 18:32- patients and their families centered,
- 18:35- on the decisions that get made.
- 18:37- And then for me personally, I'd say my
- 18:40- parents probably have, of course, the most influence
- 18:42- on me,
- 18:44- as anyone else.
- 18:45- They were taught me the importance of hardworking,
- 18:47- staying humble,
- 18:49- putting family first, doing the right things,
- 18:52- even when no one's watching.
- 18:54- And and kinda those principles are have kinda
- 18:58- carried me through my career,
- 19:00- in the way I tend to lead people
- 19:02- today.
- 19:03- So
- 19:05- I can't really necessarily point to one person,
- 19:08- but my leadership style is really a collection
- 19:09- of lessons from people who have invested in
- 19:12- me over the years,
- 19:14- trusting your people,
- 19:16- protecting the integrity of your work, standing behind
- 19:19- what you believe is right,
- 19:21- staying humble in the decisions that you make,
- 19:23- and,
- 19:24- ultimately remembering,
- 19:26- the people that you're serving.
- 19:28- I love it. Christopher, thank you so much
- 19:30- for joining us on the podcast today. This
- 19:32- has been such a fascinating discussion, and I
- 19:34- look forward to seeing you as well at
- 19:36- our CEO and CFO roundtable coming up. I
- 19:38- know,
- 19:39- you'll be speaking there, so it'll be a
- 19:40- great opportunity to connect.
- 19:42- Yep. I'm very excited about it, and thank
- 19:44- you for taking the time.