Sg2 Blog

Editor’s note: Terri Scannell, Vizient Senior Social Responsibility Director, authored this post, which was originally published on Sg2’s parent company Vizient Inc’s blog. Chances are, you may have heard of a little acronym called ESG. What you may not know, however, is what it means exactly and why it’s important for healthcare. After all, the last thing we need is anoth...

Editor’s Note: Jenna Stern, Vizient, AVP, Regulatory Affairs & Public Policy, also contributed to this post. In the absence of congressional intervention, a significant financial incentive for physicians to participate in value-based payment models will disappear at the end of 2022. To provide greater stability to providers reimbursed by Medicare, the Medicare Access and CHIP Reauthori...

Sg2, a Vizient company, is pleased to announce the addition of Manuel Hernandez, MD, MS, MBA, CPE, as a Principal—Strategic Campus Planning in its consulting practice for Enterprise Strategy. “We are thrilled to welcome Manny to Sg2 Consulting. Manny brings tremendous credentials, a wealth of experience and an innate ability to connect with his clients and colleagues,” says Sg2...

Health care organizations are currently trying to identify opportunities for enhanced revenue streams as they continue to struggle financially due to the COVID-19 endemic—hospital margins are expected to remain below pre-pandemic levels, with more than half of hospitals projected to have negative margins. And health care leaders have long understood how patient leakage also dramatically aff...

Health systems and providers have participated in alternative payment models ranging from pay for performance to full risk across all payer classes. Not surprisingly, many participants have exited these models as the industry experiments while navigating the transition to value. Too many organizations have drawn conclusions about the efficacy of value-based care (VBC) based on incomplete informati...

Clinically integrated networks (CINs) gained a foothold more than a decade ago amid the backdrop of an unsustainable trajectory for fee-for-service (FFS) health care delivery. CINs could function as a vehicle for value-based care (VBC) models in providing an alternative for clinical and payment model advancement. Since then, CINs have become a cornerstone of care delivery, enabling clinical value ...

With the Strategy Accelerator program, efforts to strategically prioritize care at home programs for deployment take shape. Amid increasing inpatient lengths of stay; capacity limitations; and pressure from competitors, policy makers, payers and patients, the forces pointing to care at home as an opportunity continue to mount. However, success requires careful planning and analysis to craft a tail...

For some, value-based care (VBC) is just a trendy term that replaces other expressions that have come before it (eg, population health, accountable care, managed care). It often connotes a payer contracting strategy that involves some degree of risk sharing and quality reporting, but for those providers who fully embrace it, it’s much more. VBC is a vital part of addressing the challenges th...

Clinical and technological advances continuously reshape healthcare services and the workforce that delivers them. In a cycle of creative destruction, new roles emerge while some legacy positions are reconsidered. Multiple drivers will also impact workforce needs in coming decades. Examples include an older and more diverse population, environmental impacts that disproportionately affect vulnerabl...

Generative artificial intelligence (AI) has seized the public consciousness, signaling a potential disruption that could be one of the most profound in generations. Large language models, such as ChatGPT, are advancing rapidly, demonstrating an uncanny ability to process natural language and write compellingly (if not always accurately) by predicting word sequences. As more AI tools become avai...