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Episode #56: Overcoming the Cost Challenge in Healthcare
Oscar Wilde taught us that “people know the price of everything and the value of nothing”. Economic indicators of success in the healthcare delivery business have historically been driven by reimbursement and volume, with limited focus on understanding and optimizing costs in achieving ideal outcomes. The result has been hundreds of billions of dollars in wasteful spending. The challenge for healthcare organizations navigating the transformation to value based care must is to effectively understand and manage their variable and fixed costs while improving patient outcomes. Welcome to STEPS to Value, HIMSS’ people, process and technology podcast. In today’s episode, we discover how healthcare organization are adapting their operational strategies to leverage data analytics to lower costs of delivering high-quality care. We also explore how the clinicians of tomorrow are being trained to thrive in a value-based care environment. In an interview from HIMSS18, HIMSS North America Clinical & Business Intelligence Committee Member Jeff Fuller finds out how the transition to value-based care is driving the costs of quality care talking with Dr. Stephen Klasko, President and CEO of Philadelphia-based Thomas Jefferson University and Jefferson Health.Jeff also speaks with Ann O’Brien, a clinical informatics pioneer and 2018 recipient of the HIMSS’s Most Influential Women in Health IT award.This Episode’s Guest:Ann O'Brien, MSN, FHIMSS, CPHIMSThought Leader Nursing and Clinical TransformationConnect with Ann Stephen Klasko, MD, MBAChief Executive Officer Jefferson HealthConnect with Stephen This Episode’s Moderator:Jeff Fuller. MS, FACHEExecutive Director, Analytical Solutions at UNC Health CareRaleigh-Durham, North Carolina AreaConnect with Jeff HIMSS Clinical & Business Intelligence CommitteeLearn more about the great work the HIMSS Clinical & Business Intelligence committee is doing on behalf of HIMSS members. HIMSS Clinical & Business Intelligence ResourcesLearn more about the HIMSS Clinical & Business Intelligence resources here.
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Oscar Wilde taught us that “people know the price of everything and the value of nothing”. Economic indicators of success in the healthcare delivery business have historically been driven by reimbursement and volume, with limited focus on understanding and optimizing costs in achieving ideal outcomes. The result has been hundreds of billions of dollars in wasteful spending. The challenge for healthcare organizations navigating the transformation to value based care must is to effectively understand and manage their variable and fixed costs while improving patient outcomes. Welcome to STEPS to Value, HIMSS’ people, process and technology podcast. In today’s episode, we discover how healthcare organization are adapting their operational strategies to leverage data analytics to lower costs of delivering high-quality care. We also explore how the clinicians of tomorrow are being trained to thrive in a value-based care environment. In an interview from HIMSS18, HIMSS North America Clinical & Business Intelligence Committee Member Jeff Fuller finds out how the transition to value-based care is driving the costs of quality care talking with Dr. Stephen Klasko, President and CEO of Philadelphia-based Thomas Jefferson University and Jefferson Health.Jeff also speaks with Ann O’Brien, a clinical informatics pioneer and 2018 recipient of the HIMSS’s Most Influential Women in Health IT award.This Episode’s Guest:Ann O'Brien, MSN, FHIMSS, CPHIMSThought Leader Nursing and Clinical TransformationConnect with Ann Stephen Klasko, MD, MBAChief Executive Officer Jefferson HealthConnect with Stephen This Episode’s Moderator:Jeff Fuller. MS, FACHEExecutive Director, Analytical Solutions at UNC Health CareRaleigh-Durham, North Carolina AreaConnect with Jeff HIMSS Clinical & Business Intelligence CommitteeLearn more about the great work the HIMSS Clinical & Business Intelligence committee is doing on behalf of HIMSS members. HIMSS Clinical & Business Intelligence ResourcesLearn more about the HIMSS Clinical & Business Intelligence resources here.