ALUMNI |
10 November 2017, Friday | 8.30am - 5.30pm |
SMU Administration Building
ORGANISED BY
Panel Discussion on "Reimbursement Strategies for Hospitals"
Friday, 10 November 2017 | 9.00am - 10.30am
The CEO perspective: How to set up a value-creating strategy?
The CFO perspective: How to capture value through reimbursement?
The Insurance perspective: The perpendicular view on Hospital operation and strategy
The Healthcare system perspective: How to moderate and regulate a system that makes high-quality healthcare affordable and accessible for all levels of society?
Implementing the Strategy that fixes HealthCare
Friday, 10 November 2017 | 2.00pm - 3.30pm
Looking ahead, there are significant shifts in our global environment such as rapid technological change, subdued global growth and anti-globalisation trend. We continue to face challenges in the healthcare landscape – growing population, rapid aging population, longer life expectancy, manpower crunch, the burden of chronic diseases, increasing healthcare costs and rising patient expectations.
We need to move away from supply-driven healthcare system organised around what doctors do, to a patient-centered system organised around what patients need, shifting the focus from volume of services provided to patient outcomes achieved – Maximising value for patients by achieving the best outcomes at the lowest appropriate costs1.
In addition, the Third Curve2 of healthcare system represents the move towards population health improvement. In order for us to achieve MOH’s Beyond Quality to Value, we need to have a value conscious organisation to deliver value-based healthcare. Making this transformation is not easily achieved but requires a major restructuring on how healthcare is delivered, measured and organised.
KEY TAKEAWAY POINTS
To achieve successful transformation and provide high-value healthcare delivery, the following enablers need to be in place:
1 Michael, P & Thomas, L, The Strategy that will Fix Health Care, October 2013, Harvard Business Review.
2 Academic Health Systems’ Third Curve Population Health Improvement, By A. Eugene Washington, MD, MSc, Molly J. Coye, MD, MPH, MA and L. Ebony Boulware, MD, MPH.
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