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HR Innovation is Best Achieved Internally

LDRLB

After that, constraints tend to fade away in the vigor of the innovation. Solution: The innovation was a 10% incentive to nurses based on the number of cases handled by the unit they worked in. The incentive was given based on the actual number of worked days in a month. Compassion triggers the need for this insight.

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Health Care Is an Investment, and the U.S. Should Start Treating It Like One

Harvard Business Review

Because patients regularly change insurers, any individual insurer has less incentive to commit to investing in an expensive, high-value treatment if the return on investment could end up accruing to a competitor. Similar approaches could be used to help finance high-value health care investments that otherwise would be unaffordable.

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The Hidden Costs of Initial Coin Offerings

Harvard Business Review

More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. In fact, ICOs have upended the conventional pattern of staged experimentation and fundraising.

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Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

But much of the blame can be attributed to hospitals’ misaligned budgeting and incentive systems. These barriers, however, can be overcome by changing how hospitals acquire new technology and by providing incentives to units to use digital innovations to provide more effective and efficient care.

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Culture, Not Leverage, Made Wall Street Riskier

Harvard Business Review

Corporate incentives and culture may be even more important in explaining what changed on Wall Street in recent years, and by placing too much emphasis on quantitative ratios like leverage, we may be missing some other important parts of the problem. Ethics Finance Risk management'

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Is Your Company Ready for the Rise of Smart Cities?

Harvard Business Review

A wave of public and private investment worldwide is going into making cities smarter — but that doesn’t change the fact that most municipal governments are working with serious spending constraints. Companies that want to serve them directly often have to think outside the box when it comes to financing.

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American Companies Should Stop Being Helicopter Parents

Harvard Business Review

Although there are constraints on such things as minimum balances and applicable services, the money belongs to the individual, who decides how to spend it. The genius in Singapore’s health-care system is that each individual’s stake in health-care financing is clearly visible. While Health Savings Accounts have existed in the U.S.