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FinanceStrategic PlanningLife Sciences
Beware You Are Not Down Yet: Margin Pressures Will Remain Challenging in 2023
Anyone who has visited Colorado and driven down from the mountains toward Denver will recognize the title of this article. The same words of caution apply to the health care ecosystem moving into 2023. Despite the tricky financial gradient health care organizations have navigated since the onset of the pandemic, the road ahead remains challenging. Let’s break down some of the financial force...
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Consumer Strategy
Employ a Customer Mindset for Future Viability
Consumerism in health care must transform to meet changing consumer expectations. Consumers increasingly expect to be at the center of their health journey, yet the industry has lacked the ability to translate a retail-like experience—to the benefit of innovative disrupters. To compete and drive profitability, health systems must acknowledge the transformation in health care driven by compet...
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Health EquityEnterprise Strategy
Inequity, Race, Social Determinants and Health Care: COVID-19 Provides a Call to Action
Editor’s note: Principal Rebecca Segel also contributed to this post. Three cultural influencing trends are colliding in the US: a global pandemic, a recession and a racial inequity awakening. Each of these is drawing more attention to what we already know in health care—that is, factors such as race, socioeconomic status, environmental elements and social structures influence health....
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DisruptionPayment Evolution
Risant Health: a New Disrupter on the Scene
The Kaiser-Geisinger Partnership Enables Value-Based Care The newly announced deal between Kaiser Permanente and Geisinger could turn out to be one of the most impactful health system partnerships in recent years. The deal is subject to regulatory review, but if it goes forward, Geisinger will join Risant Health, a new nonprofit formed by Kaiser Foundation Hospitals with an emphasis on value-ba...
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Health EquityService Lines
Addressing Racial Disparities in Maternal Health
On Tuesday, April 12, 2021, the White House issued a proclamation designating April 11–17 as Black Maternal Health Week. President Biden recognized that Black women experience a maternal mortality rate that is two to three times higher than other demographic groups and that more than 60% of these deaths are preventable. Excess maternal mortality among Black women is multifactorial and calls...
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Strategic Planning
Strategic Planning Is a Journey... Prepare For It
Sg2 partners with chief strategy officers and executives from leading health systems to understand the role of strategic planning and how it continues to evolve in response to broader industry trends. Learn how organizations are currently approaching the planning process by checking out findings from our recent survey of senior strategy leaders. Download our Strategic Planning Placemat to better u...
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Care RedesignEnterprise StrategyDigital HealthWorkforce
Why Start Now? Care at Home Provides Value Beyond Cost Savings
Prioritize where to begin care at home efforts in your organization Care at home is not a new concept to many in the healthcare sector as it has existed in some form for the past 30 years. But the COVID-19 pandemic accelerated the need to deliver care differently, specifically leveraging digital health capabilities and shifting care into the home setting. According to Sg2’s Impact of Change&...
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Strategic PlanningPayment EvolutionMarket StrategyFinance
Direct-to-Employer Contracting: Understanding the Value of “Value”
This post was originally published on Sg2’s parent company Vizient Inc’s blog. In today’s rapidly expanding direct-to-employer contracting sphere, it is of critical importance that employers understand the entire value equation. Too often, an employer’s focus is solely on a discount off what they are currently spending on a per-unit basis and doesn’t consider the myr...
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Payment Evolution
CMS Announces MultiState Initiative to Support Primary Care Practices with Varying Levels of Value-based Care Experience
Making Care Primary Model Overview On June 8th, CMS announced the upcoming launch of the Making Care Primary (MCP) model. This new CMS model aims to achieve three goals: Provide patients with primary care services that are integrated and coordinated with specialty care as well as leverage community-based connections to better address patients’ social determinants of health (SDOH) needs...
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Children’s HospitalsAmbulatory StrategyStrategic Planning
Children's Hospitals Utilize Opportunity to Strengthen Ambulatory Strategy
As children’s hospitals and large pediatric programs work toward recovery and stabilization, administrative and clinical leaders are assessing which elements of COVID-19 disruption and innovation are here to stay. Many children’s hospitals have begun to understand their continued volume depletion, attributing lost emergency department and inpatient volumes to the natural consequences ...