HCT Consulting Group

We are finalizing the schedule for the next one in early June. DM us if you'd like to be on the list to participate.

Thank you to our wonderful participants this afternoon in the HCT Consulting Group Healthcare Transformation Executive Roundtable. Brian D. Washburn, DHA, MHA, FACHE, FACMPE, CHFP, PMP Chris Saxman Elizabeth Crawford Restat Elya Prystowsky, MS, PhD Mark Korth. I was encouraged by several insights from this amazing group: ?? #Transformation - we know it when we see it! ?? #Valuebasedcare - we know it when we don't! ?? #Valuebasedcare means different things to #patients and #providers but we should not lose sight that like or not, we have to play by the language and definitions being proposed by the Centers for Medicare & Medicaid Services ?? #Transformation towards #VBC should be keeping healthcare simple, local and well-coordinated - what 99% of people are trying to do today. Organizing to stop the despicable 1% is adding 30% of costs to everyone - especially #ruralhealth ?? #EMR Transformation has put some hospitals out of business and in some communities, when the hospital closes, the whole community shuts down ?? #Transformation this group sees on the horizon includes demand for change only intensifying, doing more with fewer providers, addressing #documentation challenges, #AI should focus on removing the hassle of the little things ?? MAJOR RISK AHEAD - Will #transformation defined by CMS + #BigTech lead to a loss of simplifying the provider-patient experience? Will documentation to meet #VBC demands only escalate due to the 'potential' of what technology offers? And therefore, will health disparities only expand due to the inability of #ruralhealth to keep up? Ultimately - will we eventually have to unwind many of the current technology investments to one day return to a simpler provider-to-patient connection? Thanks again to our amazing participants. DM me if you'd like to be on our roster to participate in the next one!

Am I the only one who thinks hiring an AI Chief in healthcare may be like hiring a Fax Machine chief in 1965 (fax machine invented 1964)? Is this soon to be ubiquitous technology setup to become another tech debt burden in 10-20 years? And why hire someone in the C-suite over a technology and not a direct/indirect patient care function? Will this go the way of the Chief Digital Officer? #healthcaretransformation #continualtransformation HCT Consulting Group https://lnkd.in/gFrq9tPy

Am I the only one who thinks hiring an AI Chief in healthcare may be like hiring a Fax Machine chief in 1965 (fax machine invented 1964)? Is this soon to be ubiquitous technology setup to become another tech debt burden in 10-20 years? And why hire someone in the C-suite over a technology and not a direct/indirect patient care function? Will this go the way of the Chief Digital Officer? #healthcaretransformation #continualtransformation HCT Consulting Group https://lnkd.in/gFrq9tPy

I love this quote from Peter D. Banko with CommonSpirit Health - I've got to get this into our mission statement about what we do at HCT Consulting Group ?? - best summary I've read about what we do best for middle market healthcare: "Our region’s biggest opportunity... is to holistically connect the dots between the people process and strategy process with operations. Or, more simply said, execution. That missing link so we no longer fall short of our promises. Bridging the gap between what we want to achieve with reducing expenses and the ability of our governance and leadership to deliver it." https://lnkd.in/gKs-Cj2P

Thank you Morgan Consulting Resources, Inc. - Healthcare Executive Search!

I love this quote from Peter D. Banko with CommonSpirit Health - I've got to get this into our mission statement about what we do at HCT Consulting Group ?? - best summary I've read about what we do best for middle market healthcare: "Our region’s biggest opportunity... is to holistically connect the dots between the people process and strategy process with operations. Or, more simply said, execution. That missing link so we no longer fall short of our promises. Bridging the gap between what we want to achieve with reducing expenses and the ability of our governance and leadership to deliver it." https://lnkd.in/gKs-Cj2P

Sad but unsurprising. While P/E can play a valuable role in several parts of healthcare transformation, this study appears to support the idea that P/E should stay out of hospital ownership. This is because healthcare transformation, most acutely in hospitals (see what I did there? ??), requires a focus on the patient, the community and the broader mission to contribute to the health of society. Look for an article I'm finalizing for early 2024 to define what healthcare transformation actually means. https://lnkd.in/gP8Kzmp3 #healthcaretransformation #patientexperience #privateequity

2024 predictions and forecasts continue to pour in, and the Health Tech Nerds survey is one which I like. Based on 194 opinions from the HTN community, it's definitely worth a read. One missing category for innovation and digital health investment is pediatric healthcare. This trend could have a much broader market impact beyond 2024, with progress expected as soon as next year. Stay tuned! #HealthTech #PediatricHealthcare #2024Predictions Suncoast Ventures Genevieve LeMarchal Charla Triplett https://lnkd.in/geD7dtdq