Need for More " Disruptive " CEOs of Health Systems; What Does This Mean?

Some critics of the current health system CEOs assert that some of them are unprepared for what lies ahead in the field. Their primary expertise is often in revenue management and M&A. For most hospitals, however, revenue is shrinking (see: Why Major Hospitals Are Losing Money By The Millions) and many potential mergers have already been achieved. Inpatient stays have also been shrinking (see:Trends in Hospital Inpatient Stays in the United States, 2005-2014) and threats to outpatient revenues are presented by walk-in retail clinics, urgent care clinics, and UnitedHealth as a major physician employer (see:30,000 Strong and Counting, UnitedHealth Gathers a Doctor Army). A recent article suggested that more"disruptive" healthcare CEOs are needed (see:As healthcare changes, systems need to broaden search to find disruptive CEOs). Below is an excerpt from the article: Four years ago, Dr. Rod Hochman, CEO of Providence Health& Services, hired Aaron Martin away from Amazon to head strategy and innovation. Martin's team has spun out several new products to better engage consumers between episodes of care, then found venture capitalists to turn them into businesses. One isXealth, which enables physicians to “prescribe” a wide range of nonmedical products or services for patients directly through the electronic health record, including apps, articles, Lyft rides and health-assisting products. Martin said what Hochman hired him to do—build ...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Cost of Healthcare Healthcare Business Healthcare Delivery Healthcare Information Technology Healthcare Innovations Hospital Executive Management Hospital Financial Source Type: blogs