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 13

Finance CFO Budgeting Operations 13

Harvard Business Review

OCTOBER 14, 2013

The health care industry has survived economically by cross-subsidizing margin shortfalls in one activity with the revenues generated from others. But the very existence of these cross-subsidies is symptomatic of deep flaws in the health care reimbursement system.

Health Care 9

Health Care Kaplan Porter Cost 9

Harvard Business Review

OCTOBER 24, 2013

Between October 1 and 17, the federal government ceased all nonessential operations because of a partisan stalemate over Obamacare. The cuts have caused economic and other distress across the nation, including serious impacts within the health care sector. Leading Health Care Innovation. billion or 5.5%.

Health Care 9

Health Care Budgeting Pharmaceuticals Review 9

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

Harvard Business Review

DECEMBER 4, 2015

As health care reform evolves, large public institutions that offer a health safety net have some advantages over privately owned enterprises. Those are all assets in an era of health care reform. I head one of these institutions: Dallas-based Parkland Health and Hospital Systems. A mission-driven payer mix.

Health Care 8

Health Care Innovation Insurance Cost 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

SEPTEMBER 17, 2013

Many hospitals, including the Cleveland Clinic , are implementing a variety of strategies to improve the patient experience —an issue that’s rapidly becoming a top priority in health care. The Accountable Care Act now links performance related to patient-experience metrics to reimbursement.

Health Care 13

Health Care COO Operations Storytelling 13

Harvard Business Review

NOVEMBER 23, 2010

He started very well, but as soon as his cash flow improved, financial burdens from family systems stifled his operations. When artisans have no understanding of their cash flows, they fail prey to spending a big percentage of their working capital, without meaning to, on non-business issues that usually cripple their operations.

Books 15

Books Guidelines Banking Telecommunications 15

Harvard Business Review

AUGUST 1, 2011

Critics complain that the institutions supporting microfinance have become too greedy, and many are using this as an argument to deeply regulate or, even more, cut support to microfinance operations. India recently introduced new regulations for microfinance operations. It is an institutional failure.

Microfinance 15

Microfinance IPO Bottom-up Finance 15

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

Harvard Business Review

DECEMBER 16, 2016

The cultural and operational challenge for incumbent financial services firms was enormous. Innovating for Value in Health Care. Mint aggregates financial information from disparate sources including banks, brokerages, and credit card companies to provide users with a comprehensive view of their finances. Insight Center.

Health Care 8

Health Care Insurance Wireless Cost 8

Harvard Business Review

OCTOBER 17, 2013

As we in the United States juggle major structural and operational changes and try to secure our financial systems as revenues fall, we must keep our promise of safety and high quality to every patient, every time. At the breakfasts he asked, “What rules did you break to make your care great?” Leading Health Care Innovation.

Crisis 12

Crisis Health Care Quality System 12

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

NOVEMBER 23, 2010

Operations : Approaches problems practically; stands firm on issues, perseveres; maintains a standard of consistency and quality; provides stable leadership and supervision; develops detailed plans and procedures; implements projects in a timely manner; keeps financial records straight. Is the balance right in your organization?

Process 15

Process CEO Insurance Banking 15

Harvard Business Review

OCTOBER 17, 2018

The Future of Health Care. Despite this lack of focused attention toward development of leadership capabilities in trainees, evidence suggests that leadership quality affects patients, healthcare system outcomes, and finances alike. And the span of leadership and responsibility grows once physicians enter independent practice.

Training 15

Training Leadership Health Care Education 15

Harvard Business Review

JANUARY 25, 2011

Take health care — as a patient, you've got to coordinate the visits, get the prescriptions, keep track of the appointments, figure out the financing, and so on. Advantage instead went to the horizontal layers of chips and operating systems (cue Wintel).

Competitive Advantage 15

Competitive Advantage Software Health Care Long-term 15

Harvard Business Review

OCTOBER 24, 2014

In addressing the billion-dollar adherence problem, Vitality (since acquired by NANTHEALTH ) considered the interests of the players in the diverse ecosystem, including pharmaceutical companies, retail pharmacies, and health care providers. Operations. It also took into account their roles in changing patient behavior.

Productivity 11

Productivity Products Company Engineering 11

Harvard Business Review

FEBRUARY 15, 2012

The result is a tax system that discourages corporations from locating operations in the U.S., But government policy in health care, intellectual property, financial regulation, and antitrust — among other areas — all needs to take better account of the needs and challenges of entrepreneurs. Taxes: The U.S.

Outsourcing 14

Outsourcing Education Policies Operations 14

Harvard Business Review

NOVEMBER 29, 2010

More on: Economy , Finance , Global business Join the Discussion | Email/Share Previous Making Room for Reflection Is a Strategic Imperative Never miss a new post from your favorite blogger again with the Harvard Business Review Daily Alert email. And perhaps failing to recognize that is whats really at the root of this great crisis.

Banking 18

Banking Crisis Merton Guidelines 18

Harvard Business Review

OCTOBER 22, 2015

In the last six years, a Harvard Business School team has worked with dozens of health care organizations to help them understand the true costs of their treatments for many medical conditions. One of the team’s central findings is that TDABC cannot be delegated to the finance function. Gain senior leadership support.

Mayo 8

Mayo Health Care Committee Project 8

Harvard Business Review

DECEMBER 9, 2010

Aside from stocks, he dabbled in an activist brand of angel investing: holding large stakes and board seats in several start-up health care businesses, all based in Spain. I'm not a finance person, but that seems too soon to me.". The end goal is to build awareness and improve health care practices, right?". "Do

Case Study 15

Case Study Franchising Health Care Follow-up 15

Harvard Business Review

FEBRUARY 20, 2017

More than 80% of our work is done by teams of consultants and staff who operate out of their home offices. By spending up to 42 hours researching and interviewing a given candidate, we take great care to ensure that we find and hire the right people. The advisory firm we work for is one such company.

Team 15

Team Organization Management Consultative 15

Harvard Business Review

OCTOBER 6, 2011

Our stakeholder-based strategy rests on the following key pillars: People: The human factor plays a central role in our operations, and thus our business growth must be tied to the growth of our people. Increasing income by giving handouts can only be counted as transfers and is unsustainable.

Industry 13

Industry Strategy Supply Chain Long-term 13

Harvard Business Review

APRIL 11, 2017

What’s our role in the value chain: facilitator, fleet operator, driverless “driver” supplier (versus vehicle manufacturer)? How can we finance fleets through leasing and/or mobility securitization? Health care. How can we use driverless vehicles to reduce health care costs? Public policy.

Automotive 11

Automotive Transportation Health Care Maturity 11

Harvard Business Review

NOVEMBER 30, 2010

His most recent books are Competing on Analytics: The New Science of Winning and Analytics at Work.

Guidelines 15

Guidelines Education Telecommunications Emotional Intelligence 15

Harvard Business Review

SEPTEMBER 24, 2012

The company had drawn on pioneering Indian health care models, such as Aravind Eye Care System 's affordable cataract care, to help TMH design new ways to serve low-income patients. It worked with a local partner to create India's first financing plan for medical devices.

Innovation 9

Innovation Company Venture Capitalist Health Care 9

Harvard Business Review

NOVEMBER 7, 2012

Rappaport showed that, in setting a price, the market offers a clear signal that can inform operational and financial decisions. As a liberal arts major with very limited exposure to business or finance, I found the stock market fascinating but bewildering. Disruptive Innovation Comes to Health Care. More >>.

Price 8

Price Analysis Cost of Capital Disruptive Innovation 8

Harvard Business Review

OCTOBER 11, 2017

To date, only small steps have been taken at most health care systems (for example, clarifying the costs of specific tests during the test-ordering process), and new clinical analytics systems that offer better insights into costs and efficiency often aren’t integrated into day-to-day clinical care. Insight Center.

Cost 8

Cost Management Health Care System 8

Harvard Business Review

MARCH 29, 2018

Nearly 800 digital health startups were funded in 2017, an all-time high. health care system. These barriers, however, can be overcome by changing how hospitals acquire new technology and by providing incentives to units to use digital innovations to provide more effective and efficient care. Gillian Blease/Getty Images.

Budgeting 8

Budgeting System Innovation Payback Period 8

N2Growth Blog

OCTOBER 31, 2010

Without these term limits, the congress has no reason to include themselves in the health care system they impose on us. However, I have recently changes my tune. There is motivation to limit their own pay to that near what their constituents make.

Blog 415

Blog Politics Short-term Long-term 415

Harvard Business Review

APRIL 29, 2015

Consider the case of MedStar Health, the largest nongovernment health care provider in the Baltimore-Washington, D.C., region, as it navigates a dramatic shift from competing by offering integrated, comprehensive medical services to offering lower cost preventive care. area health care market has indeed shifted.

Strategy 8

Strategy Long-term Health Care Insurance 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. They are more likely to use software to manage their back-office operations and customer relationships.

Industry 8

Industry Benchmarking Supply Chain Health Care 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

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 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

JUNE 22, 2017

How can the health care system adapt to bring that kind of specialized experience to more families? My concern is that I don’t think children’s health is a national priority right now. So I think there’s a strong case to be made for pediatric care as we debate health care legislation and reforms.

CEO 8

CEO System Innovation Finance 8

Harvard Business Review

DECEMBER 15, 2015

By January 1, 2015, all state-based marketplaces were expected to replace federal funding with state-level financing. Leading Change in Health Care. This reduction will affect all of our operations, including staffing, customer service, outreach, and marketing. Insight Center. Sponsored by Optum. Technological challenges.

Insurance 8

Insurance Health Care Cost Learning-by-Doing 8