According to two new studies published in April of this year, it was announced that the United States spends more than $9,000 per person on healthcare, which is the most that any nation spends. This already staggering number seems even higher when compared to the lowest on the list, Somalia, which ranks at a miniscule $33 per person. Collected by the Global Burden of Disease Health Financing Collaborator Network, the data examined 184 countries and shows a story of two extremes, and health spending that is all over the map – literally.
We all know the healthcare industry as a diverse and cutting-edge network of providers, plans, patients, and government entities that work in tandem to provide a high quality of life for Americans. It’s also one of the largest industries in our nation, generating $1.668 trillion in 2016. Marketing tactics that have proven successful for other industries are now being adopted in healthcare, channeling the mindset, “If it works for them, it will work for us!” And they are right – it does work. Read More
This past April, I attended a Newark Regional Business Partnership event entitled “Eye Opener: Moving from Volume to Value Based Healthcare.“ The main speakers included:
- Barry H. Ostrowsky, President and CEO, RWJBarnabas Health
- Catherine T. Doherty, Senior Vice President and Group Executive – Clinical Franchise Solutions and Marketing, Quest Diagnostics
- Allen J. Karp, Senior Vice President – Healthcare Management, Horizon Blue Cross Blue Shield of New Jersey
As an executive at GoMo Health, where we are focused on patient-centered engagement to improve compliance and outcomes, I was excited to hear from these thought leaders and their innovative approaches to going about the business of treating and engaging with patients and members. Read More
Both hospital management and nurses agree that hospitals must do what they can to increase efficiencies related to patient care and make nurse caseloads more manageable. In a recent study about the correlation between nursing staff and readmission reduction, an important conclusion was drawn: