))
David Randall Chief Strategy Officer UAB Medicine
Fetch error
Hmmm there seems to be a problem fetching this series right now.
Last successful fetch was on February 27, 2024 01:54 (
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 341726476 series 2911789
Content provided by Tom Robertson and the Vizient Research Institute, Tom Robertson, and The Vizient Research Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Robertson and the Vizient Research Institute, Tom Robertson, and The Vizient Research Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Tom Robertson, Executive Director of the Vizient Research Institute, and David Randall, Chief Strategy Officer, UAB Medicine, discuss the vulnerability of the traditional health system business model, driven by a payment system that creates unintended consequences. The conversation then turns to how things could change, and David describes a unique experiment underway involving a completely different funding method for indigent care.
Guest speaker:
David Randall, MBA
Chief Strategy Officer, UAB Medicine
CEO Cooper Green Mercy Health Services Authority
Moderator:
Tom Robertson
Executive Director
Vizient Research Institute
Show Notes:
[01:00] Provider operating margins affected by increasing Medicare population
[03:45] Diversifying revenue
[04:50] Global spending budget allows provider organizations to be more innovative and think about capacity differently
[07:18] Current payor system based on sickness and volume does not incentivize preventive wellness care
[09:36] If price wasn’t an issue, it may help payors and providers to focus more on care processes
[10:47] Example of shifting from unit price to episodic cost – cancer care
[11:36] Would be good to have a national discussion between the payers and providers focused on optimizing episodes of care
[12:48] UAB’s fund-flow model is relatively payer agnostic.
[14:55] Have to figure out how to get paid for services outside the four walls of the hospital, such as community outreach programs for mental health
[16:47] Even if we are paid more money, there’s still a capacity issue
[18:44] Global payments example: Jefferson County Indigent Clinic
Links | Resources:
David Randall's biographical information
Subscribe Today!
31 episodes
Share
