What Healthcare Executives Can Learn from P&G

Procter & Gamble (P&G), the world’s largest consumer-products company that aggressively expanded for years, recently announced that it will sell more than half of its brands.

Are you asking what this has to do with healthcare? Well, a lot actually.

Just like many of today’s health systems, P&G is in a very competitive and changing market. While it was successful under its former strategy for many, many years, leadership realized that the best way to continue to lead the market was to become more nimble. As Lindsey Dunn quoted in a recent Becker’s Hospital Review blog post, the idea is to “create a faster growing, more profitable company that’s far simpler to operate.”

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What the Future Holds for Healthcare

This year, 2013, will be an incredibly busy year in healthcare. With just one more year before the largest parts of the Patient Protection and Affordable Care Act (PPACA) take effect, healthcare organizations are preparing for the biggest changes in healthcare in more than a generation.

Since the actual legislation is 900+ pages, I don’t know too many people who have read the entire thing. That is probably why there have been a plethora of summaries published since the act passed.

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