Podcasts about kaufman hall

On this week's Monday interview, host J. Carlisle Larsen speaks with Kaufman Hall's Scott Christensen about trends within the retail healthcare delivery space and what hospitals can learn from these organizations' stumbles and successes. You can find the first part of our conversation here. And you can read Scott's recent blog post about the topic here. Hosted on Acast. See acast.com/privacy for more information.

Retailers have made a big splash in the healthcare delivery space over the last decade, but many have seen mixed success with their healthcare business. Some companies, including CVS and Amazon, are still making progress. While others, like Walmart and Walgreens, have taken a tumble. On today's episode of the Gist Healthcare podcast, host J. Carlisle Larsen discusses what we've seen in the retail space with Scott Christensen, Senior Vice President for Kaufman Hall's Strategy and Business Transformation team. Scott recently wrote a blog post analyzing the retail healthcare business, read it here. Hosted on Acast. See acast.com/privacy for more information.

The Medicare Advantage market has seen unprecedented growth in recent years, with a majority of Medicare eligible beneficiaries enrolling in one of these privately administered plans in 2024. But over the past couple of years, the industry has experienced some growing pains—ranging from more regulatory scrutiny to higher costs associated with members utilizing more healthcare services. In the second half of their conversation, Joyjit Saha Choudhury, Managing Director of the Kaufman Hall's Strategy and Business Transformation practice, joins host J. Carlisle Larsen to talk about the potential worst-case scenario for the market. You can find the first part of their conversation here. Hosted on Acast. See acast.com/privacy for more information.

Dan Clarin of Kaufman Hall discusses the industry's shift to ambulatory care, highlighting pricing and cost in the context of expanding surgery and imaging capacities and third-party partnerships.

In this episode, Alan Condon, Editor-in-Chief at Becker's Healthcare, joins Scott Becker to discuss the latest Kaufman Hall report, highlighting financial trends in health systems, the impact of payer mix and contract labor, and M&A developments like Ascension's recent moves.

In this episode, Alan Condon, Editor-in-Chief at Becker's Healthcare, joins Scott Becker to discuss the latest Kaufman Hall report, highlighting financial trends in health systems, the impact of payer mix and contract labor, and M&A developments like Ascension's recent moves.

In this episode, Ken Kaufman, Chair of Kaufman Hall, joins Scott Becker to discuss critical trends in healthcare finance, the impact of COVID-19 on hospital operations, and the challenges of consolidation and staffing in the healthcare industry. Kaufman shares his expert insights on the evolving financial landscape and the future of healthcare delivery.

This week on Sg2 Perspectives, we're doing the first installment in another special edition of the podcast with Sg2 Senior Principal Bill Woodson as the host—welcome to The Bill Woodson Show! In this episode, Bill talks to Ken Kaufman, Chair at Kaufman Hall, about the financial challenges faced by hospitals post-pandemic, the evolving role of CFOs, the impact of private equity, and the complexities of mergers and acquisitions in the health care sector.    We are always excited to get ideas and feedback from our listeners. You can reach us at sg2perspectives@sg2.com, or visit the Sg2 company page on LinkedIn.  

Send us a Text Message.Concerns are mounting in Terre Haute, Indiana, following the recent merger of two major hospitals.In Q1 2024, hospital mergers and acquisitions reached their highest point since 2020, with 20 deals totaling $12 billion, according to Kaufman Hall.What implications will these mergers, including this one, have for patients and the healthcare industry as a whole?Join us for the latest episode of the CareTalk Podcast, featuring David E. Williams and John Driscoll, as they delve into the impact of this recent merger and similar developments on healthcare nationwide.TOPICS:0:54 Why What's Going on in Terre Haute Matters"2:05 The Rising Number of Medical Consolidations"3:35 Why Medical Monopolies Are Concerning"4:59 What Is COPA?"6:04 How Hospitals Are Adapting and Changing"8:50 Are There Any Benefits to Consolidation?"14:45 Explaining the Terre Haute Merger"16:10 Are Mergers Worse for Patients?"

In this episode, Laura Dyrda, Vice President and Editor-in-Chief at Becker's Healthcare, provides updates on the latest financial results from Kaufman Hall's "National Hospital Flash Report," the recent Change Healthcare cyber attack, and Parkview Health's partnership with CommonSpirit Health for home-based care initiatives.

In this episode, Alan Condon, Editor-in-Chief at Becker's Healthcare shares updates surrounding the latest financial results coming out of Kaufman Hall & current mergers and acquisitions moving forward in the healthcare industry.

In this episode, Adnan Qureshi, Senior Vice President, Mergers and Acquisitions at Kaufman Hall joins Scott Becker in a discussion that provides insight into his background, ASCs & outpatient growth, ASC partnerships that he's currently focusing on, and much more.

In this episode, Alan Condon, Editor-in-Chief at Becker's Healthcare shares insights into Risant Health sealing Geisinger acquisition & what differentiates high earning hospitals & health systems from the ones struggling financially according to Kaufman Hall.

Healthcare M&A activity was up in 2023 following a decline during the COVID-19 pandemic, according to a new report from Kaufman Hall. Last Monday, Anu Singh, Managing Director and Leader of the Partnerships, Mergers & Acquisitions Practice at Kaufman Hall, spoke with host J. Carlisle Larsen about how financial distress was the main driver of many of the smaller-to-medium sized hospital deals last year. In the second half of their conversation, they discuss how more financially stable health systems are considering less traditional, strategic M&A deals and what kinds of conversations are happening right now in C-suites. You can listen to the first part of our conversation here. Hosted on Acast. See acast.com/privacy for more information.

There were 65 hospital and health system M&A deals announced last year, an increase from 53 in 2022. The rise reflects a growing momentum following a pandemic-related slow down, according to a recent report from Kaufman Hall. Anu Singh, Managing Director and Leader of the Partnerships, Mergers & Acquisitions Practice, joins the podcast to talk more about how financial distress was a driving factor in smaller deals, as well as how other systems looked for more strategic partnerships. Upcoming webinar: Navigating Strategic Options in a Transformed Operating Environment. (February 26, 2024 at 2:00pm-CT) Register here. Hosted on Acast. See acast.com/privacy for more information.

Many hospitals and healthcare organizations continue to face financial instability and margin pressures that have been exacerbated by the lingering effects of the pandemic.  Join Bob DiMeo and Devon Francis as they meet with Kate Guelich, CEO of Kaufman Hall, a renowned management consulting firm specializing in healthcare. They explore strategies to tackle the multifaceted … Read More Read More

On this episode - the third in our new Governing Health special edition series - Ken Kaufman, Co-Founder and Managing Director of Kaufman Hall and Michael Peregrine discuss the board's top post-pandemic governance challenges, including:   > The concept of “languishing” within companies in the wake of COVID-19 > Strategic planning tactics to resume normal organization activity > The critical need to maintain a competitive advantage post COVID-19 > Maintaining growth through M&A activity given increased antitrust enforcement > Board/executive partnering to address nonprofit healthcare's role in the ESG movement > Confronting the dramatically expanded post-pandemic board agenda

This episode features Alan Condon, Editor-in-Chief at Becker's Healthcare. Here, he discusses some potential good news for hospitals & health systems coming from Kaufman Hall's most recent report & The American Hospital Association throwing support behind the Assistance for Rural Community Hospitals Act.

We're delighted to offer the latest episode in our popular series of podcast dialogues with Ken Kaufman, co-founder and managing director of healthcare management consulting firm Kaufman Hall.   In this episode, Ken and podcast host Michael Peregrine return to the social science concept of “wicked problems”—problems that have no single, correct solution. In fact, a solution that improves one aspect of a wicked problem usually makes another aspect of the problem worse.   Ken believes that the current hospital operating environment is overwhelmed by wicked problems, and during the conversation, he shares his insight on: How wicked problems impact hospital-client issues Keeping management and boards appropriately informed and engaged, including key metrics that board members must be aware of Balancing the crisis of regulation with a hospital's need to scale Addressing and debriefing the board on post-COVID-19 strategies Managing media and political attacks on hospitals   Additional Resources:  

We're delighted to offer the latest episode in our popular series of podcast dialogues with Ken Kaufman, co-founder and managing director of healthcare management consulting firm Kaufman Hall.   In this episode, Ken and podcast host Michael Peregrine return to the social science concept of “wicked problems”—problems that have no single, correct solution. In fact, a solution that improves one aspect of a wicked problem usually makes another aspect of the problem worse.   Ken believes that the current hospital operating environment is overwhelmed by wicked problems, and during the conversation, he shares his insight on: How wicked problems impact hospital-client issues Keeping management and boards appropriately informed and engaged, including key metrics that board members must be aware of Balancing the crisis of regulation with a hospital's need to scale Addressing and debriefing the board on post-COVID-19 strategies Managing media and political attacks on hospitals   Additional Resources:  

Laura Dyrda, Vice President, Editor-in-Chief, Becker's Healthcare joins the podcast to discuss Kaufman Hall's report stating that hospital margins improved in September, but stressed the importance of addressing labor pressures, Walmart Health naming Orlando Health as their first partner, and General Catalyst's recently launched Health Assurance Transformation Corp. planning to purchase a health system in the "$1 billion to $3 billion range".

Numerous hospitals and health systems have recently had their credit rating downgraded. The Biden Administration says insurance issues for the updated COVID vaccines have been largely resolved. And, Elevance and Blue Cross Blue Shield of Louisiana hit pause on their proposed merger. That's coming up on today's episode of Gist Healthcare Daily.You can find the Kaufman Hall blog post referenced in the credit ratings story here. Hosted on Acast. See acast.com/privacy for more information.

In this episode, we are joined by regular guest, Alan Condon, Editor-in-Chief at Becker's Healthcare, to discuss Kaufman Hall reporting hospitals median YTD operating margin index improved to 1.4% in June, the gap between high-performing hospitals and those that are struggling widening, and Walgreens looking for a CFO with significant healthcare experience.

In this episode of the MGMA Week in Review podcast, we feature content on medical groups struggling to find clinically relevant alternative payment models. We also discuss the uptick in M&A activity in the healthcare space. Sources: Medicare and APM Models: https://www.mgma.com/mgma-stat/medical-groups-struggle-to-find-clinically-relevant-alternative-payment-models M&A transactions: https://www.healthcaredive.com/news/hospital-health-system-M-A-returns-pre-pandemic-levels-Kaufman-Hall/687558/?utm_source=email&utm_medium=marketo&utm_campaign=con-gen-may-2023-newsletter1108-07-18&mkt_tok=MTQ0LUFNSi02MzkAAAGNCExYJBkCLHwku0QUOrLiVV07qkVoW_bl3LGZf3X8e_35RlenM-QyzCj7z-WV4cCcbV9lgqEuaSxGo6kNbPtOfGHWMAILq_TL5_us1q3qlg Resources: MGMA Stat: mgma.com/stat Ask an Advisor: www.mgma.com/ask-an-advisor MGMA Membership: www.mgma.com/membership MGMA Advocacy: www.mgma.com/advocacy MGMA Consulting: www.mgma.com/consulting/overview If you would like additional tools and resources related to medical practice leadership or you have stories to share with us, email us at podcasts@mgma.com. Thank you again for taking the time to listen to the MGMA podcast network.

Kaufman Hall's Erik Swanson and Robert Turner talked about the current financial performance of hospitals nationwide and healthcare financing trends for the second half of 2023 with Reorg's municipals reporter Hoa Nguyen. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/ Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/ #leveragedfinance #highyield

This episode features Laura Dyrda, Vice President, Editor-in-Chief at Becker's Healthcare. Here, she discusses Kaufman Hall's July 13th report stating that hospital and health systems transactions are returning to pre-pandemic levels in the second quarter of 2023, physicians in private practice dropping to 46.7%, and a hacker claiming responsibility for a data theft incident at HCA Healthcare and has allegedly stolen and posted more than 27 million records for sale on the dark web.

On this week's episode of The Healthcare Plus Podcast, host Quint Studer is joined by special guest Matthew Bates. Matthew Bates is a Managing Director with Kaufmann Hall and leads their physician enterprise service line. His expertise includes envisioning and executing transformations in healthcare around the physician enterprise, ambulatory healthcare delivery, healthcare economics and data & analytics. Quint and Matthew discuss the financial pressures facing healthcare industry leaders today and discuss strategic solutions to improve create alignment and improve margins. To be successful in the current environment, Matthew Bates says leaders must focus on three key things: 1. Evolving physician alignment, relationships, and engagement2. Adjusting care delivery models to maximize the impact of advanced practice providers3. Rethinking the front door to the health system and how to engage patients outside of the emergency departmentListen to the full episode for further insights on how Matthew and his team at Kaufman Hall are guiding healthcare leaders to success today. Links:Operating a Provider Enterprise: Leveraging the Promise of Advanced Practice Providers | Kaufman HallPhysician Flash Report: Q1 2023 | Kaufman HallModels of Care Study | Healthcare Plus Solutions GroupAbout Matthew BatesMatthew Bates is a Managing Director with Kaufman Hall and leads their physician enterprise service line. Matthew has 30+ years of healthcare experience working with physicians and C-suite leaders in the US and beyond. His expertise includes envisioning and executing transformations in healthcare around the physician enterprise, ambulatory healthcare delivery, healthcare economics and data & analytics.Matthew is a frequent author and speaker on the topics of the US healthcare economy, the future of healthcare and the evolving physician enterprise. He is the lead author of Kaufman Hall's Physician Flash Report and numerous other thought leadership pieces. He is also the co-author of the book, Leading Medical Group Transformation.Prior to joining Kaufman Hall, Mr. Bates was a Managing Director at Deloitte in their Strategy and Operations practice and launched their Healthcare AI & Data Strategy offerings. Before that, he was a Managing Director at Huron Consulting and a Senior Leader with Studer Group. Mr. Bates holds a Masters of Public Health (MPH) degree from the University of Denver and a Bachelor's in Health Care Management from the Metropolitan State University of Denver. He also serves on the curriculum committee for the Commission on Accreditation of Healthcare Management Education (CAHME).Matthew is married to his primary care provider with whom he is raising twins in Montana. His son is into freestyle skiing and his daughter is a rodeo barrel racer. And when Matthew finds a quiet moment to slip away, you will find him standing in a cold mountain stream fly fishing.Contact Matthew Bates: MBates@kaufmanhall.com406-285-1652

This episode features Laura Dyrda, Vice President & Editor-in-Chief at Becker's Healthcare. Here, she discusses good news coming from Kaufman Hall's most recent National Hospital Flash Report and Epic and Nuance partnering to bring GPT-4-powered documentation to EHRs.

This episode features regular guest Alan Condon, Editor-in-Chief at Becker's Healthcare. Here, he shares an update coming from Kaufman Hall showing signs of stabilization in hospital finances and plans for Washington Health System to merge with UPMC.

In this episode, we are joined by regular guest Laura Dyrda, Vice President & Editor-in-Chief at Becker's Healthcare, to discuss Kaufman Hall's most recent report, and more hospital & health system partnerships, mergers, and acquisitions going on across the country.

On today's episode of Gist Healthcare Daily, Kaufman Hall co-founder and Chair Ken Kaufman joins the podcast to discuss his recent blog that examines Ford Motor Company's decision to stop producing internal-combustion sedans, and talk about whether there are parallels for health system leaders to ponder about whether their traditional strategies are beginning to age out. Hosted on Acast. See acast.com/privacy for more information.

In this episode, we're pleased to welcome back Erik Swanson of Kaufman Hall to discuss the results of the latest National Hospital Flash Report.

In this episode we are joined by regular guest Alan Condon, Editor-in-Chief at Becker's Healthcare, to discuss good and bad news coming from Kaufman Hall's latest "National Flash Hospital Report” and an update on McLaren St. Luke's in Maumee, Ohio.

In this episode we are joined by Alan Condon, Editor-in-Chief at Becker's Healthcare, to discuss Kaufman Hall's latest national hospital report & the state of America's rural hospitals.

This week on Sg2 Perspectives, we're joined by two guests from our strategic partner Kaufman Hall, SVP Lisa Goldstein and Managing Director Eric Jordahl, who discuss the state of our economy in 2023 and how they expect it to impact heath care utilization, as well as hospital/health system operations and financing, for the near- and midterm. Lisa and Eric also field questions related to payer mix, private equity, virtual visits, value-based care, workforce and more.   We are always excited to get ideas and feedback from our listeners. You can reach us at sg2perspectives@sg2.com, find us on Twitter as @Sg2HealthCare, or visit the Sg2 company page on LinkedIn.

The healthcare industry is facing immense financial pressure. Staffing shortages, skyrocketing labor costs, continuing supply chain disruptions, inflation, rising interest rates, and volatile markets are pressuring both revenue and expenses for provider organizations. These economic challenges, however, are an opportunity to catalyze value-based care.  The promise of value in health can lift up communities through improved clinical outcomes, reduced disparities, financial rewards associated with population health, and emerging opportunities for upskilling the workforce.  Now is the time to prioritize value-based care as a key strategic priority for long-term success and sustainability. There are few other health systems in the country that have demonstrated more of a longstanding commitment to transformation than Ochsner Health through its population health enterprise. A leader in innovative healthcare delivery, Ochsner Health Network (OHN) is the accountable care network of the massive Ochsner Health system – the largest nonprofit, academic healthcare system in Louisiana (and one of the largest health systems in the Southeastern region of the US). Ochsner has 47 hospitals and more than 370 health and urgent care centers across Louisiana, Mississippi, Alabama, and the Gulf South. Ochsner Health Network – the value-based care arm of the health system --has 277 affiliated physician practices with nearly 3,500+ physicians spanning 625 locations. They are responsible for managing 406,000 lives across six risk-based, accountable care contracts in their value-based care portfolio. Through its collaborative efforts, OHN is making a difference for the nearly 1 million patients throughout Gulf South communities each year. In this week's episode of the Race to Value, we are engaging two incredible leaders from Ochsner Health Network (OHN). As Chief Executive Officer for OHN, Eric Gallagher is responsible for directing network and population health strategy and operations, including oversight of value-based performance management operations, population health services and care management programs, post-acute and home care strategies, value-based analytics, and OHN network development and administration.  Joining him is Dr. Sidney “Beau” Raymond, the Chief Medical Officer for OHN who is board-certified by the American Board of Internal Medicine and has been on staff at Ochsner since 2016 and practicing medicine since 2000.  These two leaders discuss what it takes to transform a health system in the “race to value” and how to ultimately improve the health for an entire state in the process!   Episode Bookmarks: 01:30 Ochsner Health Network (OHN) is the value-based care arm of the Ochsner Health system – the largest nonprofit, academic healthcare system in Louisiana. 02:30 Through its collaborative efforts with patients, communities and employers, OHN is caring for nearly 1 million patients in Gulf South communities. 04:00 Introduction to Eric Gallagher (CEO, OHN) and Dr. Sidney “Beau”Raymond (Chief Medical Officer, OHN) 05:00 Support Race to  Value by subscribing to our weekly newsletter and leaving a review/rating on Apple Podcasts! 06:00 A recent Kaufman Hall report on the mounting pressures facing providers (e.g. staffing shortages, labor costs, supply chain disruptions, inflation, rising interest rates, volatile markets). 07:30 Eric Gallagher discusses the critical challenges of staffing shortages and the skyrocketing cost of labor. 08:30 “Staffing shortages and rising costs of labor is a critical challenge. It serves as a catalyzing environment for value-based care.” 09:30 Investments in value-based infrastructure has forged collaborative relationships within the entire system. 11:00 Dr. Raymond on how post-pandemic workforce pressures have impacted primary care access and care delivery innovation. 13:00 The number of Americans ages 65 and older is expected to more than double over the next 40 years.

This episode features Adnan Qureshi, Senior Vice President of Mergers and Acquisitions at Kaufman Hall. Here, he discusses mergers & acquisitions trends he's watching in healthcare going into the rest of 2023, whether or not the size of a healthcare organization contributes to its success, and more.

Twenty-six percent of rural hospitals in Texas are at risk of closure, according to a report issued late last year by the firm Kaufman Hall. The number is up 10% from 2021 and the risk is due in part to pandemic relief money running out. The Texas Organization of Rural and Community Hospitals defines a rural hospital as one in a community of fewer than 60,000 people. Henderson pointed to a closure in Bowie as an example of how important hospitals are not just to a city's health care, but to its economy. "It wasn't just that the hospital closed and you lost access and lost 100 or more good jobs. It's that local sales tax revenue dipped by a third the following year, school enrollment dropped. They went through around a teacher layoffs," TORCH president and CEO John Henderson said. "So you see all those cascading economic impacts that are all negative and harmful to a community." Dr. Kristie Loescher, assistant dean for instructional innovation for the McCombs School of Business at the University of Texas and the academic director for the Healthcare Innovation Initiative, said one of the ways rural hospitals can make smart decisions by limiting the services it offers. For example, she pointed to an emergency room. Due to a federal law, a hospital is required to treat any patient who walks through its emergency room doors -- whether or not they can pay for services. "In Austin or Dallas, if a hospital sees a few patients like that, they can absorb it. They can absorb the bad debt. But in a rural situation, they're living so close to the wire, they don't have that extra margin to be able to provide the amount of charity care required," she said. Host Baylee Friday also speaks with the CEO of Muenster Memorial Hospital, Marion Bruce, about the challenges facing her hospital in recent years.

Gist Healthcare joins healthcare management consultancy group Kaufman Hall. Biogen's latest Alzheimer's drug lecanemab was granted accelerated approval by the FDA. And, the FTC has proposed a ban on non-compete agreements, which could impact how the healthcare industry operates. That's coming up on today's episode of Gist Healthcare Daily. Hosted on Acast. See acast.com/privacy for more information.

HBS Legal Trends: Jon-Paul Croom, Wellstar North Fulton, and Alex Kaufman, Hall Booth Smith, P.C. On this edition of HBS Legal Trends, Hall, Booth, Smith’s Alex Kaufman welcomed Jon-Paul Croom, President of Wellstar North Fulton Hospital, to discuss what’s new at Wellstar, their new and expanded services, the hospital’s facilities and staffing, their presence in […] The post

Laura Dyrda, Vice President & Editor in Chief at Becker's ASC Review and Becker's Spine Review rejoined the podcast to discuss the report from Kaufman Hall stating that “2022 is shaping up to be the worst year of the pandemic in terms of financial performance for hospitals”, how organizations are making pivots to offset costs, and more.

In this episode, we welcome back Erik Swanson of Kaufman Hall to discuss the results of the latest National Hospital Flash Report and how it shows that hospitals across the country are still struggling financially. Learn how to listen to The Hospital Finance Podcast® on your mobile device. To read Kaufman Hall's National Hospital Flash Read More

The key topics that should be receiving board attention in the near term have less to do with traditional operational matters, and more to do with social and economic issues of concern to the workforce and the mission. To bring understanding to these key concerns, we turn to our quarterly conversation with Ken Kaufman, Co-Founder and Managing Director of Kaufman Hall. Ken has been visiting with clients and other leaders of the healthcare industry and has also been busy with his popular blog, addressing pressing subjects ranging from inflation to artificial intelligence. Ken has returned to our podcast today to share his insights on topics that include: - Social justice board initiatives that have developed in the wake of the George Floyd murder. - The impact of individual actions regarding equality at the CEO level. - Addressing current workforce culture and employee retention concerns. - The impact of rising inflation rates on hospitals and health systems. - Realities and expectations of today's board members. - Forward-thinking advice for board members and directors.

The key topics that should be receiving board attention in the near term have less to do with traditional operational matters, and more to do with social and economic issues of concern to the workforce and the mission. To bring understanding to these key concerns, we turn to our quarterly conversation with Ken Kaufman, Co-Founder and Managing Director of Kaufman Hall.   Ken has been visiting with clients and other leaders of the healthcare industry and has also been busy with his popular blog, addressing pressing subjects ranging from inflation to artificial intelligence. Ken has returned to our podcast today to share his insights on topics that include: Social justice board initiatives that have developed in the wake of the George Floyd murder. The impact of individual actions regarding equality at the CEO level. Addressing current workforce culture and employee retention concerns. The impact of rising inflation rates on hospitals and health systems. Realities and expectations of today's board members. Forward-thinking advice for board members and directors. Additional Resources:  

In this episode, we are joined by Erik Swanson and Matthew Bales of Kaufman Hall, to discuss the results of the their recent National Hospital Flash Report and the Physician Flash Report. Learn how to listen to The Hospital Finance Podcast® on your mobile device. Highlights of this episode include: Performance levels without CARES Act Read More

Hospital Flash Report: January was Devastating for Finances In February, Kaufman Hall published their Hospital Flash report that showed hospital finances in major distress mode, following the end of the Coronavirus Aid, Relief, and Economic Security Act or, CARES Act, funding. They reported that in January the median change in operating margin without CARES decreased 71.3 percent; operating room minutes fell by 15.7 percent; the average length of stay rose 8.6 percent; labor expense per adjusted discharge jumped 14.6 percent; and total expense per adjusted discharge increased 11.6 percent. Sounds like a bad start to 2022… Our guest is Mike Blair, Chief Financial Officer at CentraCare Health in St. Cloud, Minnesota.

Frazier & Deeter’s Business Beat: John E. Hall, Jr. and Alex B. Kaufman, Hall Booth Smith, P.C. John E. Hall, Jr. and Alex B. Kaufman, partners at Hall Booth Smith, PC, joined Roger Lusby and Donna Beatty from Frazier & Deeter to celebrate the opening of Hall Booth Smith’s new Alpharetta office, located in Avalon […] The post John E. Hall, Jr. and Alex B. Kaufman, Hall Booth Smith, P.C. appeared first on Business RadioX ®.

In this episode, we welcome back Erik Swanson of Kaufman Hall to discuss the results of the latest National Hospital Flash Report that looks at the financial performance of hospitals. Learn how to listen to The Hospital Finance Podcast® on your mobile device. Highlights of this episode include: Overall Hospital performance Volume softening Why consumers Read More

In this episode, Nursing Economic$ Editorial Board Member Dr. Therese Fitzpatrick talks with CEO and nurse leader Dr. Sheila Davis about the global impact of COVID-19 and how the pandemic has impacted vulnerable populations. In addition, the role of nurse leaders in advancing social justice, developing community capacity, and addressing detrimental health issues worldwide is also discussed. Sheila Davis, DNP, ANP-BC, FAAN, is the Chief Executive Officer of Partners in Health, a non-profit social justice global health organization, that brings the benefits of modern medical science to impoverished communities in 11 countries. With a staff of over 19,000, Partners in Health works to ensure that the universal human right to quality health care is realized. Dr. Davis has a long history of serving the poor and marginalized, starting with her work with the HIV/AIDS community in the 1980s, both in the United States and abroad. She was a clinician in the Infectious Diseases clinic at Massachusetts General Hospital for over 15 years, and for the past decade, has held multiple cross-site roles at Partners in Health, including Chief of the Ebola Response, Chief of Clinical Operations, and Chief Nursing Officer.Therese Fitzpatrick, PhD, MS, RN, FAAN, is a Senior Vice President at Kaufman Hall, and a member of the Performance Improvement Practice specializing in workforce strategy. She is also an Assistant Professor in the School of Public Health at the University of Illinois-Chicago, and is a member of the Nursing Economic$ Editorial Board. © Jannetti Publications, Inc.All rights reserved. No portion of this podcast may be used without written permission.To learn more about Nursing Economic$, visit http://www.nursingeconomics.netMusic selections by Scott Holmeshttp://www.scottholmesmusic.com

How can mission critical outcomes be achieved with the ongoing stress related to COVID-19, as well as other crises on the horizon? This two part podcast series addresses the compelling and urgent need for organizations to develop Healthy Workplaces with emphasis on Wellness among the workforce community.In Part 2 of this two-part episode, Drs. Therese Fitzpatrick, PhD, MS, RN, FAAN, and Nancy M. Valentine, PhD, DSc (hon) MPH, FAAN, FNAP, discuss strategies for developing a wellness program for health care organizations. They address concerns shared by leaders in nursing, medicine, top administration and board members, and present the multifaceted factors associated with the occupational hazards associated with being a health care employee and suggesting an array of specific strategies for program development.This episode provides extended content from the "Claiming the Corner Office" series in the September/October 2021 issue of Nursing Economic$.Dr. Therese Fitzpatrick, PhD, MS, RN, FAAN, is a Senior Vice President at Kaufman Hall, and a member of the Performance Improvement Practice specializing in workforce strategy. She is also an Assistant Professor in the School of Public Health at the University of Illinois- Chicago.Dr. Nancy M Valentine, PhD, DSc (hon) MPH, FAAN, FNAP is President Valentine Group Health, LLC, which focuses on building quality systems and grooming results-oriented leaders using evidence to improve health care in practice and educational settings.© Jannetti Publications, Inc.All rights reserved. No portion of this podcast may be used without written permission.To learn more about Nursing Economic$, visit http://www.nursingeconomics.netMusical selections by Scott Holmes.http://www.scottholmesmusic.com

How can mission critical outcomes be achieved with the ongoing stress related to COVID-19, as well as other crises on the horizon? This two part podcast series addresses the compelling and urgent need for organizations to develop Healthy Workplaces with emphasis on Wellness among the workforce community. In Part 1 of this two-part episode, Drs. Therese Fitzpatrick, PhD, MS, RN, FAAN, and Nancy M. Valentine, PhD, DSc (hon) MPH, FAAN, FNAP, discuss the factors involved in framing the business case for transition to a wellness orientation for health care organizations. They address concerns shared by leaders in nursing, medicine, top administration and board members, and present the multifaceted factors associated with the occupational hazards associated with being a health care employee and suggesting an array of specific strategies for program development.This episode provides extended content from the "Claiming the Corner Office" series in the September/October 2021 issue of Nursing Economic$.Dr. Therese Fitzpatrick, PhD, MS, RN, FAAN, is a Senior Vice President at Kaufman Hall, and a member of the Performance Improvement Practice specializing in workforce strategy. She is also an Assistant Professor in the School of Public Health at the University of Illinois- Chicago. Dr. Nancy M Valentine, PhD, DSc (hon) MPH, FAAN, FNAP is President Valentine Group Health, LLC, which focuses on building quality systems and grooming results-oriented leaders using evidence to improve health care in practice and educational settings. © Jannetti Publications, Inc.All rights reserved. No portion of this podcast may be used without written permission.To learn more about Nursing Economic$, visit http://www.nursingeconomics.netMusical selections by Scott Holmes.http://www.scottholmesmusic.com

Health Care Real Estate Growth Strategies in Mergers and Acquisitions or Joint Ventures Hall Render Advisory Services' advisor John Marshall talks with Victor McConnell of VMG Health, Matt Robbins of Kaufman Hall and Clayton Mitchell of Thomas Jefferson University Hospitals. Their discussion highlights several real estate factors that implicate the overall JV or M&A transaction:...

On this episode - the third in our new Governing Health special edition series - Ken Kaufman, Co-Founder and Managing Director of Kaufman Hall and Michael Peregrine discuss the board's top post-pandemic governance challenges, including: > The concept of “languishing” within companies in the wake of COVID-19 > Strategic planning tactics to resume normal organization activity > The critical need to maintain a competitive advantage post COVID-19 > Maintaining growth through M&A activity given increased antitrust enforcement > Board/executive partnering to address nonprofit healthcare's role in the ESG movement > Confronting the dramatically expanded post-pandemic board agenda

In the inaugural episode of this series where C-suite leaders discuss the key trends and developments shaping the health care industry, Rob Gerberry, Senior Vice President and General Counsel, Summa Health, explores some of the disruptors that hospitals and health systems are facing as the industry grapples with the effects of the pandemic, as well as strategies to evolve and address the challenges ahead. Some of the disruptors discussed include the growth of telehealth, new market entrants to health care and the role of private equity, the shift to alternative structures that are different from the traditional inpatient service model, and changing M&A strategies.Rob's panel includes Mike Englehart, Senior Vice President of Medical Groups and Ambulatory Strategy, Trinity Health, Andre Maksimow, Senior Vice President, Kaufman Hall, and Ben Sutton, Chief Strategy Officer and President of Ambulatory Services, Summa Health. From AHLA's Hospitals and Health Systems Practice Group.

In this episode, we are joined by Jim Blake and Erik Swanson of Kaufman Hall to discuss the financial performance of hospitals and physician practices through March 2021. Learn how to listen to The Hospital Finance Podcast® on your mobile device. Highlights of this episode include: How hospital finances and volumes fared in March 2021 Read More

Join Health Affairs Insider.This week, Microsoft announced a $19-billion deal to acquire Nuance Communications, a health tech firm. It's one of the many recent merger and acquisition deals in the health care space.On today's episode of Health Affairs This Week, Jeff Byers puts on his ex-reporter hat and joins Jessica Bylander to discuss the Nuance-Microsoft deal and review a recent Kaufman Hall report that found hospital merger deals were down in 2020, but still highly valued.Listen to Jeff and Jessica talk about hospital merger and acquisition trends and what it all means for the future of hospitals.Related Links: 2020 M&A In Review: COVID-19 As Catalyst For Transformation (Kaufman Hall) Hospital Prices Grew Substantially Faster Than Physician Prices For Hospital-Based Care in 2007-14 (Health Affairs) What We Know About Provider Consolidation (Kaiser Family Foundation) 2020 Market Insights Report: Chasing A New Equilibrium (Rock Health) Consolidation of Providers Into Health Systems Increased Substantially, 2016-18 (Health Affairs) Reversing Hospital Consolidation: The Promise Of Physician-Owned Hospitals (Health Affairs Blog) Subscribe: RSS | Apple Podcasts | Spotify | Castro | Stitcher | Deezer | Overcast

On this episode - the second in our new Governing Health special edition series - , Co-Founder and Managing Director of  Kaufman Hall and discuss a number of important post-pandemic developments, including:     Long-term impact of the successes and challenges of the COVID-19 vaccination process Strategic implications in transitioning beyond the worst of the pandemic Traits of healthcare organizations that will emerge from the pandemic stronger than before Appropriate board response to the mental and physical exhaustion of healthcare workers Corporate ESG reporting and healthcare’s role in the corporate social responsibility movement Guidelines for selecting board members and director compensation arrangements Appropriate responses to media coverage of health industry corporate responsibility, and potential for related government inquiry Anticipating and preparing for post-pandemic uncertainties   The pandemic has presented exceptional opportunities for growth and change in the healthcare world. Boards have been given the opportunity not only to look back on all that has happened but also where to go from here. Additional Resources:

April 5, 2021: Sue Schade from StarBridge Advisors joins Bill to discuss hybrid work trends, her new role as interim CIO at Boston Children’s and information blocking. They also exchange vaccination stories. The rollout got off to a rough start but the US is now hitting 3 million vaccine doses a day. Have you had your jab yet? How are airlines, concert venues and sporting venues going to use the vaccination data? Microsoft released their findings from one year of remote work. Connectedness went from 93% to 71%. Citigroup CEO calls for Zoom-free Fridays, to ensure a better work-life balance. Kaufman Hall found that  39% of hospitals will have negative operating margins this year. And Amazon Care is here and it will disrupt so don’t run from it. Embrace it. And figure out where you are going to play in it.Key Points:Employees need managers to focus on the basics first, like work-life balance and prioritization, before we start doing fun things like virtual happy hours [00:19:55] Instead of Summer Fridays it’s now Zoom-free Fridays [00:24:35] If your team didn't have connectedness before you went virtual, you definitely don't have it today [00:28:30]The HHS' information blocking rule goes into effect Monday [00:30:35] One issue as a leader is that when you say yes to something, you're saying no to something else. But when you say yes to everything, you're saying no to effectiveness. [00:40:35] Stories:Mass-Vaccination Sites — An Essential Innovation to Curb the Covid-19 Pandemic | NEJM Microsoft releases findings and considerations from one year of remote work in Work Trend IndexEmployee engagement drivers are shifting thanks to hybrid work - HRDCiti Group CEO calls for Zoom free Fridays to promote better work-life balance - BenzingaBeing “complaint proof” on information blocking won’t be easy for providers, vendors - Med City NewsNegative operating margins likely for 39% of hospitals this year: Kaufman Hall - BeckersAmazon Care joins coalition to expand home care & 14 other health IT notes - Beckers

AHA commissioned the AHA to do a report on the future revenue/losses of healthcare and they are projecting $50B - $120B in losses in 2021.  Big gap right.  Well, the gap is due to assumptions, Vaccine distribution and return to pre-COVD habits.  What would your assumptions be?FTAHospitals could lose between $53 billion and $122 billion due to the lingering effects of COVID-19, depending on the speed of vaccine distribution and complete recovery of patient volumes, according to a new report from Kaufman Hall.Under an optimistic scenario, hospitals would lose $53 billion in revenue this year. The loss would primarily come from a $27 billion decline in outpatient revenue and $17 billion for inpatient as well as $9 billion in emergency department revenue.Under a more pessimistic scenario, hospitals would lose $122 billion thanks to a $64 billion decline in outpatient revenue.Hospitals could lose billions more if consumers and hospitals adapt to a “new normal” of slower or only partial recovery of patient volumes. Another concern is a cyclical rise and fall of COVID-19 surges as residents stop social distancing before herd immunity is reached, the report said.-------------Which do you think it will be?  Closer to $53B / $120B or Neither for the healthcare industry.https://www.fiercehealthcare.com/hospitals/kaufman-hall-hospitals-close-between-53-and-122b-year-due-to-pandemic 

Hospital giant HCA Healthcare is expanding into post-acute care and home health.  COVID-19 cases and hospitalizations are going down but how will we know when the pandemic is over. And a new Kaufman Hall report projects hospitals could lose up to $122 billion this year.

A Special Edition Governing Health Series This episode - the first in our new Governing Health special edition series - features Ken Kaufman, Co-Founder and Managing Director of Kaufman Hall. Ken will join us as a co-host with Michael Peregrine for the Board Dialogue series, which will feature robust discussions of the governance trends and health industry issues of the day. On this episode, Ken and Michael cover the turbulence that has resulted from the rollout of the COVID-19 vaccine, the transition of the presidential administrations, and the larger issues of public discord and their resulting impact on healthcare. Their conversation highlights what exactly it will take to make 2021 the year of action and results in the healthcare industry.

As the year end approaches, hospital and health system executives and their governing boards would do well to examine the lessons learned over the course of this unprecedented year. On this episode of the Governing Health podcast, we examine various aspects of the impact of the pandemic from the corporate healthcare point of view. McDermott Will & Emery healthcare governance partner Michael Peregrine engages in a year end retrospective with top healthcare strategist Ken Kaufman, co-founder, Managing Director and Chair of Kaufman Hall, regarding where the healthcare system stands right now, the challenges it’s likely to face in the coming year and suggestions on how to navigate those challenges, including: • The value of revisiting statistics and identifying lessons learned from initial COVID-19 responses • Insights into the role of healthcare boards in the evolution of mitigation strategies and the distribution of a COVID-19 vaccine • Lessons learned from initial actions regarding elective surgeries • The impact of the pandemic on previously competitive hospitals as well as with big tech companies • Which transformational aspects of telehealth will be implemented and funded in a post-COVID-19 environment • The likelihood of a corporate response to the COVID-19 pandemic regarding business resiliency and reimagining the healthcare system • Changes to the board-management relationship and the expectation of board members speaking out on social justice issues • Consequential actions that need to be taken regarding underperforming boards • Administrative factors that have the potential to change with the Biden-Harris administration

Staffing has long been one of the Achilles heels of the nursing profession, confounding nurse managers and nurse leaders alike, and taking up an inordinate amount of time. Our guest for this episode is an expert on the topic and has taken her cues from other industries to treat this as a data science problem.  Early in her career, Therese Fitzpatrick was a chief nursing officer for various hospitals and health systems in the midwest before taking a turn as an entrepreneur, receiving her PhD in sociology and becoming a professor in the University of Illinois at Chicago's School of Public Health. Today she is an executive at consulting firm Kaufman Hall, where she helps hospitals across the country assess their clinical and operational performance, and optimize their staffing. In this episode Therese walks us through how she applies big data to the problems of staffing and workforce optimization, some low-tech ways that nurse managers can approach scheduling, and how COVID-19 will impact the evolution of the nursing workforce. Therese believes that robust float pools driven by Millenial and Gen Z nurses are the future and encourages nurse leaders to include them in conversations around staffing and workforce. Links to recommended reading:  Improving Quality of Nursing Worklife: A Global Perspective Using Labor Optimization for Nurse Staffing The Art and Science of Nurse Staffing (AACN) Effective Staffing Takes a Village: Creating the Staffing Ecosystem Advanced Analytics Must Drive the Next Round of Productivity Initiatives https://www.kaufmanhall.com/ The full transcript for this episode can be found here: www.trustedhealth.com/the-handoff-podcast/therese-fitzpatrick 

Staffing has long been one of the Achilles heels of the nursing profession, confounding nurse managers and nurse leaders alike, and taking up an inordinate amount of time. Our guest for this episode is an expert on the topic and has taken her cues from other industries to treat this as a data science problem.  Early in her career, Therese Fitzpatrick was a chief nursing officer for various hospitals and health systems in the midwest before taking a turn as an entrepreneur, receiving her PhD in sociology and becoming a professor in the University of Illinois at Chicago's School of Public Health. Today she is an executive at consulting firm Kaufman Hall, where she helps hospitals across the country assess their clinical and operational performance, and optimize their staffing. In this episode Therese walks us through how she applies big data to the problems of staffing and workforce optimization, some low-tech ways that nurse managers can approach scheduling, and how COVID-19 will impact the evolution of the nursing workforce. Therese believes that robust float pools driven by Millenial and Gen Z nurses are the future and encourages nurse leaders to include them in conversations around staffing and workforce. Links to recommended reading:  Improving Quality of Nursing Worklife: A Global Perspective Using Labor Optimization for Nurse Staffing The Art and Science of Nurse Staffing (AACN) Effective Staffing Takes a Village: Creating the Staffing Ecosystem Advanced Analytics Must Drive the Next Round of Productivity Initiatives https://www.kaufmanhall.com/ The full transcript for this episode can be found here: www.trustedhealth.com/the-handoff-podcast/therese-fitzpatrick 

In this episode, we are joined by Courtney Midanek, Managing Director at Kaufman Hall, to discuss healthcare mergers and acquisitions in Q2 of 2020. Learn how to listen to The Hospital Finance Podcast® on your mobile device. Highlights of this episode include: Background on Kaufman Halls’ recent healthcare mergers and acquisitions activity report.  What assumptions Read More

According to a national study undertaken by healthcare consulting firm Kaufman Hall in May 2020, April was a devastating month for hospitals across the country from a financial perspective.  Despite the expectations of some that hospitals would be overflowing with patients due to the spread of COVID, in actuality a sharp decline in overall patient volume was noted.  This, along with a prolonged suspension of so-called elective surgeries, have translated to record-setting declines in hospital revenue.  The following seeks to illustrate the scope of the fiscal damage and to assess where hospitals may go from here.

The nursing community has a unique opportunity to inform the public and policy makers of the vital role nurse practitioners play in advancing health access, equity, and quality care. Recently, Becker’s Hospital Review published a notice stating about 15 physicians at Edward Elmhurst Hospital were to be terminated and replaced by nurse practitioners. The implications made in response from local physician groups were that nurse practitioners are viewed as mid-level providers, and this practice could put patients in danger.In response, in December 2019, nurses from Rush University College of Nursing and Rush Health in Chicago submitted a Letter to the Editor to Becker’s Hospital Review, expressing dismay at the description of nurse practitioners as mid-level providers. The Nursing Economic$ Editorial Board believes all nurses have an ethical obligation to correct inaccurate descriptions of advanced practice colleagues, and in support of the nurses from Rush University and Rush Health, submitted a follow-up Letter to the Editor to Becker’s Hospital Review. Today’s discussion, led by Nursing Economic$ Editorial Board member Dr. Therese Fitzpatrick, focuses on the events at Edward Elmhurst Hospital as reported in Becker’s Hospital Review and elaborates on why advanced practice registered nurses and nurse practitioners must become informants to policy makers and the public. As the nursing profession around the world celebrates 2020 as the Year of the Nurse and Midwife, participants in this discussion share the profound impact nurse practitioners make in the health care arena, both nationally and globally.Lynne Braun, PhD, CNP, FAHA, FAANP, FPCNA, FAAN, is Professor Emerita at Rush University in the Department of Adult Health and Gerontological Nursing and a consultant in the Rush Heart Center for Women, where she was a nurse practitioner. Dr. Braun’s clinical and research interests include cardiovascular risk reduction, exercise, cardiac rehabilitation, hyperlipidemia, and hypertension management. Raechel Ferry-Rooney, DNP, APRN, ANP-BC, is an Adult Nurse Practitioner with over 20 years of internal medicine experience, and currently practices clinically in two school-based/high school health centers in Chicago. She is an Assistant Professor in the Department of Adult Health and Gerontology Nursing at Rush University. She is on the Board of Directors of the Illinois Society of Advanced Practice Nurses, which represents the professional interests of advanced practice registered nurses to state government in Illinois. Terry Gallagher, DNP, APRN, FNP-BC, is a Family Nurse Practitioner and the Director of Generalist Education at Rush University College of Nursing. Dr. Gallagher established a community clinic serving a low-income community on Chicago's West side five years ago. Angela Moss, PhD, APRN, ANP-BC, is a Faculty Nurse Practitioner, Assistant Professor, and Assistant Dean of Faculty Practice at Rush University, where she leads over 40 community-based faculty nurse and nurse practitioner clinicians providing care to Chicago’s most vulnerable populations. Dr. Moss is an expert in the care of underserved populations through nurse-led programs, strategic development of nurse-managed care delivery models, and programmatic and outcome evaluation, and currently practices clinically in a nurse-managed health center for formerly incarcerated men and women.Therese Fitzpatrick, PhD, RN, FAAN, is the Senior Vice President, Performance Improvement, Kaufman Hall and Associates, Skokie, Illinois, an Assistant Clinical Professor at the College of Public Health, University of Illinois at Chicago, and a member of the Nursing Economic$ Editorial Board.© Jannetti Publications, Inc.All rights reserved. No portion of this podcast may be used without written permission.To learn more about Nursing Economic$, visit http://www.nursingeconomics.netProduction management by Carol M Ford Productions, LLC, for Anthony J. Jannetti, inc.Musical selections by Scott Holmes.http://www.scottholmesmusic.com

On this episode of the Governing Health podcast, Michael Peregrine and special guest Ken Kaufman, Managing Director and Chair at Kaufman Hall, discuss the state of the hospital and health system business model and how boards can lead the way in strategic planning that addresses this new business reality. This episode explores: > New initiatives emerging from the major business disruptors in healthcare > The importance of access, convenience and affordability > Navigating the increasingly consumer-driven relationship between hospitals/health systems and their patients > Digital healthcare as a new model for physician/patient relationships > Lessons boards can apply to healthcare from disruption in the retail, technology and transportation industries > How the board's strategic planning committee can socialize data review and progress towards an updated business model among their fellow board members

Kaufman Hall Managing Director Ken Kaufman discusses disruptive trends legacy providers should be watching.

In the rapidly transforming healthcare environment, “consumerism” presents an increasingly critical board oversight challenge. This extends well past the adoption of new technology to improve the patient experience—it’s really about healthcare providers understanding the patient’s perspective and rethinking their approach to doing business accordingly. To help healthcare leaders understand the business and fiduciary implications of this shift toward consumerism, Michael Peregrine welcomes Dan Clarin and Rob Fromberg to the podcast, two of the experts behind Kaufman Hall’s 2019 State of Consumerism in Healthcare Report.

Today, we’re going to be chatting with Kermit Randa about the power of story and the struggles leaders must endure during the first 90 days at a new company. How do leaders settle into their roles and what sorts of pressures do they feel? What strategies are most important to implement in the first three months? As Chief Executive Officer of Kaufman Hall’s Software division, Kermit Randa oversees all product development, sales, implementation, training, and support functions for the firm’s Axiom and Peak Software products. Kermit has more than 20 years of experience spanning healthcare and software. His areas of expertise include enterprise software insights and adoption, business transformation and innovation, strategic partnership cultivation and management, and risk identification, monitoring, and mitigation. Prior to Kaufman Hall, he served as Chief Growth Officer with Waystar, and Chief Executive Officer for PeopleAdmin. Kermit received his M.H.A. from Xavier University. He completed the Advanced Management Program at Harvard Business School and is a Fellow of the American College of Healthcare Executives. Kermit is a strong supporter of data gathering and utilizing information to guide decision-making processes. In today’s episode, Kermit will explain that power behind surveys and offer us a glimpse into how he and his team sorted nearly 90k data points into condensed, actionable intelligence. How do top leaders utilize modern technology and fast communication? Find out more on today’s episode.   3:25 How did Kermit get started? What was most important to learn about the business? How did surveys play into this discovery process? 8:30 Learn to listen and be disciplined in what you’re listening for. Are leaders asking the same things throughout their information collection process? Why does it matter? 11:35 How did Kermit and his team break down more than 89k data points into actionable information in under three months? Which facets of business have been guided by this information? 14:00 How did Kermit take all of the information he gathered then synthesize it into what he wanted to say to employees? 24:09 How do leaders determine how much context to give to employees? How do you offer them clarity? Kermit asks himself, “What does this sound like at the kitchen table?” 27:25 How has Kermit personalized himself to his employees through the power of story? Kermit tells his story and explains how he knows this story works. “Opportunity doesn’t come from a thing… Opportunity comes from a person.”

Disruption of traditional health care is inevitable and poses a central challenge for health care governance. While the size and complexity of the health care industry have slowed the process of disruption, its high costs and lack of convenience make it highly vulnerable to innovative, nontraditional competitors. To make sure boards are well-prepared to address this challenge, McDermott Will & Emery and Kaufman Hall have partnered to bring you a new podcast series, "Surviving Disruption: A Roadmap for Health Care Governance." In this episode Michael Peregrine and Ken Kaufman discuss how health care boards can identify the signs of disruption.

Ken Levey, vice president for Kaufman Hall, focuses on the firm’s Axiom Financial Institutions Software products for banks and credit unions. He discusses the importance of reporting and analytics.

Michael Peregrine continues the conversation with Ken Kaufman, managing director and chair of Kaufman Hall, about how the forces of “business disruption” are beginning to affect health care. As Ken noted last month, we are starting to see signs of disruption in health care, with the growth of retail clinics, telemedicine, genomics and other new models and technology. The big question remains whether health care will experience the kind of major disruption that we have seen in so many other industries and how health care boards should prepare their organizations.

Michael Peregrine and Ken Kaufman, chair of Kaufman Hall, discuss an increasingly important aspect of the board’s oversight duty: the unique concept of business disruption and the expectation that the health care board will timely identify, and react to warning signs of such disruption.