Dave Johnson: Diagnostic determinism — How precision diagnostics will reinvent medicine
In the movie “Star Trek IV: The Voyage Home,” the spaceship Enterprise travels back in time to San Francisco in the mid-1980s. Its mission is to transport humpback whales into the 23rd century to redirect a space probe heading to destroy earth. It’s a complicated story. While trying to escape police custody, crewmember Pavel Chekov…
HFMA, it’s time for action!
We’ve all been in situations where the time was right, where conditions were optimal or good enough to suggest the best opportunity for action. Growing up on a dairy farm, I learned early that nature exerted a stronger hand on our schedules and work than anything humans could muster. Weather was, of course, a constant…
Marcus Whitney: Banking struggles are limiting healthcare innovation
T here has not been much ado in the healthcare world about the failure of Silicon Valley Bank (SVB), but maybe there should be. Once considered the go-to bank for startups, SVB was the target of a bank run March 9 driven by news of their held-to- maturity bonds being underwater, and it was taken over by…
David Johnson: The orthopod’s dilemma — Caught between the PE rock and the venture capital hard place
The OrthoForum is the premier convening and advocacy organization for large, independent orthopedic physician groups. In March 2022, I gave a keynote address at The OrthoForum’s Annual Conference in Orlando, Florida. Attending the conference at the posh Grande Lakes Ritz-Carlton gave me a front-row seat to the economic forces reshaping orthopedic care delivery in the…
Healthcare News of Note: CVS finalizes purchases of Signify Health, Oak Street Health, moving into home healthcare and primary care
CVS Health has completed the acquisitions of Signify Health and Oak Street Health, expanding its efforts to implement a value-based payment ecosystem focused on holistic care. Chatbot responses to patient’s questions were preferred over physician responses, earning higher rankings from evaluators for both quality and empathy, according to a recent study. Increasing rates of depression,…
Healthcare disruptor Glen Tullman says providers need more of a consumer-centric approach
One of the country’s most prominent healthcare entrepreneurs has a warning for legacy healthcare stakeholders. “Many of you in the audience are leading major health systems, and you’re the hub for healthcare today,” Glen Tullman said during a presentation at the HIMSS Global Health Conference and Exhibition, which took place the week of April 17…
Healthcare News of Note: Medicare to negotiate reduced prices for 40 drugs by 2028, says study
Medicare drug price negotiation has the potential to benefit Medicare beneficiaries across some of the most common disease states.
Why the idea of disruption is so hard for healthcare leaders to understand
It’s time to talk about the word disruption – what it is and what it isn’t – because right now in healthcare it seems to be generating more angst than strategy. First, some good news. Disruption (shorthand for “disruptive innovation”) is just a theory. It’s an idea. That’s all. It was first introduced in the…
Healthcare News of Note: New PCORI initiative targets industry’s slowness in adopting results of comparative effectiveness research
Over the past few weeks, I have found these industry news stories that should be of interest to healthcare finance professionals. 1. Goal of PCORI initiative: Reduce the estimated 17-year wait time to adopt new and better treatments Forty-two health systems have signed on to an initiative to translate new research into changes in…
News Briefs: Healthcare industry disrupter CVS Health to shell out billions to buy Oak Street Health
A month after stating it hoped to gain a presence in primary care, CVS Health accomplished that goal with a massive deal that could fortify its efforts to advance value-based payment in healthcare. The proposed $10.6 billion acquisition of Oak Street Health, a provider of senior-focused primary care, adds to a portfolio of assets that…