Harvard Business Review

MAY 26, 2014

In our group at Merck, we are witnessing this opportunity firsthand as we collaborate with start-ups in the areas of digital health, big data, and health IT. Four dynamics are driving this new era of health care innovation: Finally, there is a financial incentive to innovate. billion in 2013, up 39% from 2012.

Health Care 8

Health Care Venture Funding Entrepreneur Pharmaceuticals 8

Harvard Business Review

OCTOBER 30, 2017

Finally, health care, which has been largely immune to the forces of disruptive innovation , is beginning to change. Whereas new technologies, competitors, and business models have made products and services more affordable and accessible in media, finance, retail, and other sectors, U.S. health care keeps getting costlier.

Health Care 8

Health Care Innovation Insurance Disruptive Innovation 8

Harvard Business Review

DECEMBER 5, 2017

The landscape for the delivery of health care in the United States is changing, but the traditional care-delivery players are not the change agents. In fact, this environment is the most disruptive I’ve witnessed in my 35 years in the health care industry. Carol Yepes/Getty Images.

Health Care 8

Health Care Insurance Incentives Venture Funding 8

Harvard Business Review

DECEMBER 22, 2014

One of the main justifications for the mergers and acquisitions sweeping the health care industry is greater integration between the physicians and teams that care for patients. We chose to support independent medical centers by creating the Mayo Clinic Care Network. But consolidation does not ensure integration.

Health Care 8

Health Care Mayo Due Diligence Human Resources 8

Strategy Driven

JANUARY 20, 2012

As organizations expand and grow, the skills that led to success often won’t sustain further development in a more complex, high-stakes environment. If you don’t understand finance and accounting, enroll in a course immediately. If you don’t hold a finance or operations position, consider cross training.

Execution 62

Execution How To Finance Competitive Advantage 62

Harvard Business Review

NOVEMBER 15, 2013

In the mid-Atlantic region of the United States, an effort is under way to get insurers, providers, employers, and unions to cooperate in creating a system that can reduce total health care costs and premiums while achieving better outcomes. This continuing transfer from wages to health care does not reflect better value for money.

Health Care 8

Health Care Cooper Insurance Cost 8

Harvard Business Review

MARCH 14, 2014

Instead of simply providing health insurance, savvy employers are tackling health care costs by supporting the whole employee—everything from their finances to their career development to physical health. The health of the American workforce is declining , reducing both productivity and company earnings.

Health Care 8

Health Care Cost Morale Company 8

Harvard Business Review

NOVEMBER 23, 2016

Innovating for Value in Health Care. In 2011, when I came to Centura Health in Colorado as President of its largest operating group (Mountains and North Denver Operating Group or MNDOG) and CEO of its flagship health organization, Saint Anthony Hospital, I saw a clear mandate for change. Insight Center.

Health Care 8

Health Care How To Operations Quality 8

Deming Institute

JUNE 11, 2018

The bulk of Muller’s research is devoted to case studies in colleges, elementary schools, health care systems, policing, the military, business, finance, philanthropy and foreign aid. He saw the terrible waste that occurred in organizations due to the misuse of measurement.

Metrics 31

Metrics Deming Scientific Management Proposal 31

Harvard Business Review

OCTOBER 26, 2011

Yet this is exactly the challenge facing leaders of the finance function who are asked to help their organization improve the way that work is done. As finance shifts its focus from controlling costs to advising managers on improvement activities, CFOs must change their thinking and behaviors.

Finance 11

Finance CFO Budgeting Operations 11

Harvard Business Review

JUNE 8, 2017

Bundled payments in health care have gained favor because they can reduce costs and help improve outcomes. In essence, episodic bundles cover the cost of a patient’s care from start to finish—all the procedures, devices, tests, drugs and services a patient will need for, say, a knee replacement or back surgery.

Health Care 8

Health Care Participative System Cost 8

Harvard Business Review

OCTOBER 17, 2018

As more evidence shows that leadership skills and management practices positively influence both patient and healthcare organization outcomes, it’s becoming clear that leadership training should be formally integrated into medical and residency training curricula. The Future of Health Care. Insight Center.

Training 10

Training Leadership Health Care Education 10

Harvard Business Review

OCTOBER 30, 2018

Most modern health care improvements seem to involve expensive technology and an uncomfortable amount of change management. But clinical and nonclinical staff at the Rotterdam Eye Hospital have improved patient care and raised staff morale at a very modest cost: 10 minutes a day and a special deck of cards. Insight Center.

Health Care 8

Health Care Stress Morale Airlines 8

Harvard Business Review

NOVEMBER 3, 2016

Meanwhile, the alternative — housing subsidies, unemployment insurance, health care subsidies, even incarceration costs — generate huge social costs. If one spends a year unemployed before the age of 23, 10 years later he can expect to earn 23% less than the other. For women, the spread 10 years out is 16%.

Organization 8

Organization Chief Operating Officer Education Software 8

Harvard Business Review

SEPTEMBER 18, 2013

But with their focus on clinical disease management and research, training programs actually offer little in the way of true leadership training – authentic experience that helps young doctors develop the leadership skills they will need. Yet, both are made up of large, complex organizations with clear leadership needs at many levels.

Training 8

Training Health Care Leadership Education 8

Harvard Business Review

JANUARY 11, 2016

Since then, as the composition of top executive teams has changed, responsibility for leading strategy development has been shared by more members of the C-suite. In our experience at McKinsey, creating this ideal partnership usually requires the CFO to become more directly and deeply involved in strategy development.

Strategy 8

Strategy CFO Finance Short-term 8

Harvard Business Review

OCTOBER 9, 2015

“The proper goal for any health care delivery system is to improve the value delivered to patients … To properly manage value, both outcomes and cost must be measured at the patient level,” Harvard’s Robert Kaplan and Michael Porter tell us. Martin’s Point Health Care-Bangor.

Health Care 8

Health Care Cost Kaplan Porter 8

Harvard Business Review

MAY 1, 2013

We face a public health emergency. Without adequate financing, ministries of health and even private hospitals in developing countries often don''t have the resources needed to purchase diagnostic equipment, train workers, and ensure access to appropriate treatment.

Health Care 8

Health Care ROI NGO Long-term 8

Harvard Business Review

JUNE 22, 2017

Often with children it’s not just one diagnosis or one organ — there are multiple services or specialists involved. You’re not just thinking about the actual medical issue at hand; you’re thinking about the development of that child more holistically. A compelling example is behavioral and mental health.

CEO 8

CEO System Innovation Chief Financial Officer 8

Harvard Business Review

NOVEMBER 13, 2017

Not long ago, many services such as tax accounting were delivered episodically and in-person, as most health care still is today. Health care has proved resistant to a similar transition, although everyone would benefit. The ideas have also been embraced by public policy makers, health plans, and the general public.

Health Care 8

Health Care How To Insurance Incentives 8

Harvard Business Review

SEPTEMBER 5, 2016

The concept is fairly straightforward: The parties define the result up front, agree on a baseline, work out how confident the organization is in delivering the result, and then specify the expectation and payment in the contract. ” Health care. Samuel Castro. Paying for results is in vogue. When PbR Doesn’t Work.

Incentives 8

Incentives Health Care Education Insurance 8

Harvard Business Review

APRIL 19, 2011

One epiphany from my immersion into the non-private sector is how strenuously social sector organizations resist the notion they have a "business model." Well, I'm sorry to break the news, but if an organization has a viable way to create, deliver, and capture value, it has a business model. All organizations have a business model.

Business Model 14

Business Model Kaplan Finance Health Care 14

Harvard Business Review

APRIL 29, 2015

From time to time, the basis of competition in an industry shifts so dramatically that shifting with it requires a new long-term vision that calls for the organization to do things it never would have done in the past. Consider the case of MedStar Health, the largest nongovernment health care provider in the Baltimore-Washington, D.C.,

Strategy 8

Strategy Long-term Health Care Insurance 8

Harvard Business Review

JUNE 8, 2015

Pharmaceutical companies, buffeted by regulatory changes, new drug technologies that alter entry barriers and competition, price pressures, and an estimated 300,000 job cuts since 2000, seem to fit the popular narrative of large organizations unable to deal with disruptive forces. Merck and Co.

Health Care 8

Health Care Venture Capitalist Strategic Fit Pharmaceuticals 8

Harvard Business Review

NOVEMBER 23, 2010

When I founded the nonprofit African Institution of Technology , I initially focused on helping African entrepreneurs or artisans, especially those with only primary education, develop new skills and market opportunities. People need at least a rudimentary understanding of finance to become good entrepreneurs or artisans.

Books 13

Books Guidelines Banking Telecommunications 13

Harvard Business Review

OCTOBER 17, 2013

The “Berwick Report” reflects on serious problems at the Mid Staffordshire NHS Foundation Trust that arose over several years, and the abysmal care received by patients at the trust’s Stafford Hospital in Stafford, England, during that time. At the breakfasts he asked, “What rules did you break to make your care great?”

Crisis 8

Crisis Health Care Quality Welch 8

Harvard Business Review

MARCH 3, 2011

What's standing in the way of better health care just might be HMOs — whose overweening concern with profit means that Americans pay the most among developed nations for health care, but have seen the smallest gains in life expectancy (among other measures that matter). All that stuff is focused on outputs.

Health Care 16

Health Care Long-term Finance Education 16

Harvard Business Review

AUGUST 30, 2018

These solutions lie at the intersection of technology development by companies and policy formulation by governments. The World Economic Forum is spearheading Breaking Barriers for Health Data, a project that deploys federated database queries for the transferring and processing of health care data. In contrast, the U.S.

Supply Chain 8

Supply Chain Globalization GAAP Policies 8

Harvard Business Review

DECEMBER 15, 2015

I’d like to share what I learned while leading an SBM — to help other states as they navigate the health insurance landscape and, more broadly, to inform health-system leaders, employers, and policy makers about the challenges SBMs face and the solutions they’re developing. Leading Change in Health Care.

Insurance 8

Insurance Health Care Cost Learning-by-Doing 8

Harvard Business Review

APRIL 1, 2016

Right behind it are media, finance, and professional services, all of which have far more sophisticated digital capabilities than the rest of the economy. Companies in the leading sectors make more extensive use of digital payments, digital marketing, and design-led product development.

Industry 8

Industry Benchmarking Supply Chain Health Care 8

Coaching Tip

JANUARY 29, 2014

Biggest gains: health care and social assistance (12% growth since 2009, an increase of 6,385 establishments); mining and oil and gas extraction (12%, 1,001); accommodation and food services (10%, 4,276); professional, scientific, and technical services (9%, 5,979). Nearly 30,000 more establishments in 2012 than 2009, up 5%.

Real Estate 97

Real Estate Health Care Insurance Construction 97

Harvard Business Review

OCTOBER 27, 2015

Access to evidence-based medical content at the point of care that answers clinical questions and ensures accuracy in diagnosis can reduce diagnostic errors and improve outcomes. Our organizations are involved in the efforts to expand global access.

Health Care 8

Health Care Content Globalization Mayo 8

Harvard Business Review

FEBRUARY 25, 2013

Demographers are predicting that more than half the children born in the developed world since 2000 will live to 100. The organization's motto: "One day, all children in this nation will have the opportunity to attain an excellent education.". There are reports of boomers tapping into their kids 529 accounts to finance their own shift.

Productivity 8

Productivity Products Finance Human Capital 8

Harvard Business Review

AUGUST 23, 2018

By facilitating the transition from school to the labor force, summer jobs can help students apply what they learn in school, learn more work-related skills, and develop contacts with employers. My research shows that summer jobs for teens are important to their future prospects. Refocusing on Summer Jobs. Many large U.S. Many large U.S.

Short-term 8

Short-term Participative Long-term Career 8

Harvard Business Review

DECEMBER 12, 2016

The starting point for achieving value in any health care system is to measure outcomes. There are hundreds of provider organizations the world over that have already implemented outcomes measurement, and this number increases every week. Innovating for Value in Health Care. Get Institutional Commitment.

Health Care 8

Health Care Committee Compliance Project 8

Harvard Business Review

APRIL 28, 2015

As a leader in his company, Bud used what he called “Management by Wandering Around” (MBWA), where he’d stop into offices and ask the opinions of employees, clients, and others to gather insights about his organization and clients. He made it comfortable for people to give him contradictory advice and bad news.

Open-book 8

Open-book Career Rogers PR 8

Harvard Business Review

OCTOBER 25, 2017

At Geisinger, we set out to improve the health of diabetic adults by providing them with free, nutritious food and a comprehensive suite of medical, dietetic, social, and environmental services. Together, these behaviors can contribute to the development of diabetes and exacerbate it. Transforming Health Care.

Class 8

Class Insurance Cost Health Care 8