5 Daunting Issues Keeping Healthcare CEOs Up at Night: Executives focus on re-imagining healthcare delivery
Those of us in the industry are well aware of the enormous challenges facing U.S. healthcare, but probably no one feels these impending changes more than healthcare CEOs. Recently, Huron Healthcare conducted interviews with hospital CEOs to determine the top five issues keeping them up at night. As reported in Healthcare Finance News last month, the burning issues are:
1. Change management: With the amount of market-driven and reform-driven change affecting healthcare providers, CEOs are troubled by how they can prioritize cost and quality imperatives to allow their organization to thrive.
2. Community engagement: CEOs worry about how to reach beyond the walls of their organization and engage with key community partners to help improve the health of diverse patient populations.
3. Clinical alignment and integrated care delivery: CEOs are challenged with the imperative of creating higher quality, more affordable, more accountable care models.
4. ACOs: With uncertainty surrounding what accountable care means for providers, CEOs are unsure of how market and reform forces will move their organizations with regard to broadly managing population health.
5. New payment models: CEOs are concerned about effectively leading their organizations through the transition from a volume-based payment to a value-based payment model.
While this list of CEO concerns wasn’t surprising, what may surprise some is that healthcare transportation could have bearing (positive or negative) on all of the troubling issues. For example, by taking a hard look at and assessing healthcare transportation, organizations can “prioritize cost and quality imperatives” while allowing “their organization to thrive.”
CEOs whose organizations need to deliver “higher quality, more affordable, more accountable care models” can use healthcare transportation data to help their leadership teams make informed decisions. Appropriate tracking technology that ensures the safety of patient-critical items can “help improve the health of diverse patient populations.” In other words, what can appear to many as the seemingly simple practice of transporting healthcare materials actually does have serious implications on an organization’s productivity, risk and bottom line.
According to Gordon Mountford, executive vice president of Huron Healthcare, which conducted the CEO interviews, “The immense operational and financial shifts healthcare leaders are facing would be daunting for executives in any industry…and yet healthcare leaders across the country are stepping up to the challenge, carefully considering the way forward and developing solutions that will shape the future of healthcare delivery in our country.”
At MedSpeed, we are working to do our part to move healthcare forward by developing transportation solutions that help organizations reduce risk and achieve maximum business value. Providing leadership at healthcare organizations while navigating the new regulatory environment will clearly be demanding, but with an understanding of those challenges and an eye on the prize, effective CEOs will succeed. And hopefully, get some sleep at night.