The ASHHRA Podcast

#91 - HR Excellence and Financial Impact in Healthcare

May 31, 2024 Robert "Bo" Brabo and Luke Carignan Season 2 Episode 25
#91 - HR Excellence and Financial Impact in Healthcare
The ASHHRA Podcast
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The ASHHRA Podcast
#91 - HR Excellence and Financial Impact in Healthcare
May 31, 2024 Season 2 Episode 25
Robert "Bo" Brabo and Luke Carignan

In this episode of The ASHHRA Podcast, our hosts Luke and Bo sit down with Jonathan Hirokawa, Director of Human Resources and People Strategy at Children's Hospital Colorado, for an in-depth discussion on aligning HR practices with organizational strategy and financial stability.

Episode Highlights:

- Money Mondays Concept: Learn how Luke and Bo’s innovative “Money Monday” concept encourages HR professionals to focus 20% of their time on making and saving money for their organization.  

- Themed HR Days: Discover the benefits of themed HR days like "Culture Tuesdays" and "Internal Policy Wednesdays" and how these can help streamline your HR functions.

- Financial Impact in HR: Bo emphasizes why it's essential to consider the financial implications of labor, expenses, and projects, linking them directly to the organization’s revenue.

- Role of HR in Healthcare: Jonathan delves into his role at Children's Hospital Colorado, sharing strategies for aligning HR with the hospital’s long-term vision and improving community health.

- Innovative HR Strategies: Explore innovative HR policies, including tuition reimbursement for employees and their dependents at West Virginia University, as Jonathan explains their long-term benefits and organizational value.

- Importance of Data: Jonathan and the hosts highlight the use of data in HR decision-making, including how to interpret and act on data to address turnover, expenses, and operational needs.

- Engaging with Employees: Bo and Jonathan discuss the critical importance of HR professionals getting out from behind their desks to engage with employees, understanding their perspectives by talking to them directly rather than relying solely on survey data.

This episode is packed with practical insights and strategies that can help you elevate your HR practices and align them more closely with your organization’s overall goals.

We hope you enjoy this episode and encourage you to share your thoughts and feedback with us. If you have any specific topics you’d like us to cover or questions for our hosts and guests, please don’t hesitate to reach out.

Stay tuned for more enlightening conversations and thank you for being a part of the ASHHRA community!

Best regards,

The ASHHRA Podcast Team

This episode is sponsored by RxBenefits... Unlock Pharmacy Plan Potential!

Your employees expect top-tier medical benefits, like comprehensive care access. But how can you balance these expectations against rising costs, across your full benefits portfolio?

 Find savings and opportunities in your most highly utilized benefit - your pharmacy plan.

 Did you know that hospital employees fill 25% more prescriptions each year than other industries? How can you tell if all those prescriptions were needed, or if you could have had significant cost savings by filling at your own hospital pharmacies?

Contact RxBenefits today to learn more: https://rxbene.fit/48n8VS8

Support the Show.

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Show Notes

In this episode of The ASHHRA Podcast, our hosts Luke and Bo sit down with Jonathan Hirokawa, Director of Human Resources and People Strategy at Children's Hospital Colorado, for an in-depth discussion on aligning HR practices with organizational strategy and financial stability.

Episode Highlights:

- Money Mondays Concept: Learn how Luke and Bo’s innovative “Money Monday” concept encourages HR professionals to focus 20% of their time on making and saving money for their organization.  

- Themed HR Days: Discover the benefits of themed HR days like "Culture Tuesdays" and "Internal Policy Wednesdays" and how these can help streamline your HR functions.

- Financial Impact in HR: Bo emphasizes why it's essential to consider the financial implications of labor, expenses, and projects, linking them directly to the organization’s revenue.

- Role of HR in Healthcare: Jonathan delves into his role at Children's Hospital Colorado, sharing strategies for aligning HR with the hospital’s long-term vision and improving community health.

- Innovative HR Strategies: Explore innovative HR policies, including tuition reimbursement for employees and their dependents at West Virginia University, as Jonathan explains their long-term benefits and organizational value.

- Importance of Data: Jonathan and the hosts highlight the use of data in HR decision-making, including how to interpret and act on data to address turnover, expenses, and operational needs.

- Engaging with Employees: Bo and Jonathan discuss the critical importance of HR professionals getting out from behind their desks to engage with employees, understanding their perspectives by talking to them directly rather than relying solely on survey data.

This episode is packed with practical insights and strategies that can help you elevate your HR practices and align them more closely with your organization’s overall goals.

We hope you enjoy this episode and encourage you to share your thoughts and feedback with us. If you have any specific topics you’d like us to cover or questions for our hosts and guests, please don’t hesitate to reach out.

Stay tuned for more enlightening conversations and thank you for being a part of the ASHHRA community!

Best regards,

The ASHHRA Podcast Team

This episode is sponsored by RxBenefits... Unlock Pharmacy Plan Potential!

Your employees expect top-tier medical benefits, like comprehensive care access. But how can you balance these expectations against rising costs, across your full benefits portfolio?

 Find savings and opportunities in your most highly utilized benefit - your pharmacy plan.

 Did you know that hospital employees fill 25% more prescriptions each year than other industries? How can you tell if all those prescriptions were needed, or if you could have had significant cost savings by filling at your own hospital pharmacies?

Contact RxBenefits today to learn more: https://rxbene.fit/48n8VS8

Support the Show.