The House Ways and Means Committee hearing in late April signaled growing bipartisan frustration with a healthcare system that continues to produce rising costs without demonstrating better value, accountability or outcomes for employers, taxpayers and patient-consumers. Healthcare delivery organizations should treat this moment as an opportunity to redesign how they…
When hospital CEOs appeared before the House Ways and Means Committee in late April, lawmakers were not content with conducting a traditional oversight hearing. They were signaling growing bipartisan frustration with a healthcare delivery system that has spent decades promising affordability improvements while costs continue to climb. For more than…
The hospital model today stands in the crosswinds of market and nonmarket forces. On the market side, there is the hard reality that sustainable margins are required for financial viability. On the nonmarket side, there are a host of regulations to comply with, a mission that includes caring for those…
The spiraling costs of healthcare in the U.S. have precipitated a tangible backlash — as demonstrated by the passage of the Patient Protection and Affordable Care Act in 2010 — that suggests that demands for better care at lower cost are not simply going to go away. In light of…
Imagine the following case… The executive team is meeting to decide which cost reduction projects to fund. Each has a supporting “business case”, but everyone knows the numbers are soft. Comparing financial impact across projects is difficult, and debates about assumptions and scenarios to test lead to months spent on…
