What does the next 5, 10, 20 years look like for the healthcare industry? That’s a question everyone would love an answer for, but there are many opinions out there. We sat down with Steve Mund to pick his brain on everything from insurance to costs to payments and more.
On this episode:
1:59 – Introducing our guest on this episode, Steve Mund.
2:29 – Sharon shares some background on Steve.
4:24 – It’s an interesting time in healthcare and there’s no way to predict how it will change in the years to come.
6:57 – How to be a problem-solver for your department.
7:58 – The three payment models healthcare needs to engage in for the future.
10:14 – What about the accountability on the patient side?
11:19 – The providers get penalized but what about the payer?
12:57 – Jeremy shares a recent discussion he had with an insurance executive about drug costs.
14:01 – Let’s talk about mergers. Are their benefits to these large mergers?
14:59 – One prediction projected operating margin to be -16%.
15:55 – The length of stay can be an area of improvement potentially.
16:47 – Hospitals only operate on a 2.5-4% margin.
17:41 – Where is all the money going?
20:04 – What factors are driving the utilization of healthcare?
22:03 – What does Steve see as the future of healthcare payers?
23:36 – The best way to stay informed is Becker’s Review.
25:29 – How do you determine value in healthcare these days?
26:58 – So how can providers show their value to their organizations?
27:42 – How can we help cut down on waste in financial, clinical and personnel areas?
29:16 - The waste isn’t always about money, it’s also about time.
30:40 - Some final thoughts from Steve.