Tune into this episode featuring Dr. Madeleine McDowell, Senior Principal and Medical Director of Intelligence and Trevor DaRin, Senior Consulting Director of Intelligence at Vizient. Learn about how systems embrace disruptions, how using analytics helps identify growth opportunities, top priorities healthcare leaders should embrace over the next decade, and much more. This episode is sponsored by Vizient. To learn more visit Sg2.
Summary
Embracing Healthcare Disruptions with Vizient
Introduction
If you're interested in healthcare, you'll want to tune into this episode featuring Dr. Madeleine McDowell, Senior Principal and Medical Director of Intelligence, and Trevor DaRin, Senior Consulting Director of Intelligence at Vizient. In this segment, they discuss how healthcare systems can embrace disruptions and identify growth opportunities using data analytics.
Shifting Away from Inpatient Sites of Care
Maddie and Trevor discuss how the shift away from inpatient sites of care is ongoing but at a slower pace than before. This is because there is less inpatient volume to shift to the outpatient setting. They advise health systems to understand the pain points of all stakeholders, including patients, payers, employers, and providers. Health systems should embrace disruptions and external market entrants from other sectors that are changing where people receive healthcare.
Consumer-Centric Care and Identifying Growth Opportunities
In healthcare, the shift towards consumer-centric care is the foundation of sustainable growth. Health systems have advantages in this area due to the loyalty that patients have to providers they already know. To identify growth opportunities, health systems should use data analytics to understand their operations and identify bottlenecks. Best practices for incorporating operations and quality performance into BD and strategic planning include blending operational and quality data into any growth planning.
Priorities for Healthcare Leaders
Healthcare leaders should prioritize data analytics, understanding social determinants of health needs, and reducing costs through hospital-at-home and reducing contract labor. They should also use claims data to understand traffic patterns and focus on patient-centric care. It's important for healthcare systems to use their scale as an advantage to deliver what consumers expect from healthcare and bring down costs.
Conclusion
Healthcare systems need to focus on data analytics, primary care, understanding disruptors in the market, and using their scale as an advantage to deliver what consumers expect from healthcare. By understanding the pain points of all stakeholders and embracing external market entrants, health systems can deliver consumer-centric care and identify growth opportunities. Thanks to Vizient for sponsoring this episode. To learn more, visit Sg2.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 09/09/2022 and can be listened here.
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