Newsletter
57: The Margin and the Mission, with Niyum Gandhi, CFO and Treasurer, Mass General Brigham

The Gary Bisbee Show

57: The Margin and the Mission, with Niyum Gandhi, CFO and Treasurer, Mass General Brigham

In this episode, Gary spoke with Niyum Gandhi, Chief Financial Officer and Treasurer, Mass General Brigham, aligning finance with the mission of healthcare. They also discussed how the Healthcare industry…
March 31, 2022

57: The Margin and the Mission, with Niyum Gandhi, CFO and Treasurer, Mass General Brigham

Meet Niyum Gandhi:

Niyum Gandhi is the Chief Financial Officer and Treasurer at Mass General Brigham. Previously, he was the CFO, EVP, and Chief Population Health Officer at Mount Sinai Health and a Partner of Health and Life Science at Oliver Wyman. Niyum is a co-founder and Board Chair for Dandelion Helath AI, and on the Board of Directors for HealthPass New York and Northeast Business Group on Health. He received an A.B. in Economics from Harvard University. 

 

Key Insights:

Niyum Gandhi highlights the relationship between finance and strategy, and showcases how finance can support operations and further an organization’s mission.

  • Solving at Scale. Scale can be an asset and liability. It is harder to integrate at scale, but health systems have an obligation to do so, as it advances quality of care, fortifies the balance sheet, and can diversify sources of margin. (05:34)
  • Fundamental Tradeoffs. Niyum describes that some healthcare services are high value but will never make margin. Margin is fundamental to financial health, but also providing those services is important to the local community; both are a part of the mission. It is important for health systems to balance those tradeoffs. (13:04)
  • The Economics of Healthcare. Traditionally, health systems stay in the black by forgoing investments for the future. Recently, more systems are making more long-term investments; however, inflation is raising costs. A challenge for healthcare leaders is balancing between investing in the future, while effectively addressing the financial challenges of today. (15:54)

Relevant Links: 

You may also like

Top Health Podcasts. Delivered to Your Inbox and Eardrums.

Join Our Newsletter

Proudly supported by:

cover
Treatment for Alzheimer’s Disease: Diet, Exercise and Lifestyle Changes Hear from people living with Alzheimer's about lifestyle changes they’ve adopted to continue leading active, social lives.