New Risk, New Business Models
October 06, 2016
As agile new players enter the health care marketplace with innovative delivery models, established organizations are challenged to navigate new types of risk in order to transform their provision of care.
This introduction of risk to health care delivery is driving providers and payers to seek new ways of doing business. Stakeholders at every level of the health care system are discovering that trying to do the same thing, but on a lower budget, will take them only so far.
This free, live-streamed event produced by NEJM Catalyst explores emerging risk in health care through three sessions on disruptive new ventures, innovative care management, and adaptation to change. Participants hear from provider and payer leaders, executives from industry start-ups, and researchers about how they are launching new ventures, scaling innovative care delivery models, and testing new payment methodologies.
“How can health care providers survive and succeed in this era of greater risk created by new entrants and new payment models? Thought leaders, practitioners, and executives will share their ideas on strategies for success at every stage of the industrial life cycle — entry, growth, and maturity,” says Event Chair Leemore Dafny, PhD, MBA Class of 1960 Professor of Business Administration at Harvard Business School.
You’ll come away with these insights:
- A view into the future of health care delivery
- Opportunities being seized by innovators, and the impacts on patients, traditional providers, and the delivery system as a whole
- Shifts in payment policies and methodologies from Medicaid
- How traditional academic medical centers and hospitals are maintaining their role as centers of excellence in a changing marketplace
Join other health care executives, clinical leaders, and clinicians at this exceptional event and take away practical, actionable ideas to implement in your own organization.
Welcome and Introduction: Thomas H. Lee, MD, MSc, Press Ganey
Opening Talk: Leemore Dafny, PhD, Harvard Business School, Event Chair
Session 1: New Entrants — Breaking in Is Hard to Do
Innovators add vibrancy to the market by targeting specific segments and creating higher value offerings to meet market needs. They also create pressure on more traditional organizations to develop new models. Many fail. Some don’t. Two leaders of successful new entrant companies discuss the aspirations, the challenges and the moxie required to succeed.
Session 2: New Business Models — Making Medicaid Work
Medicaid is the nation’s largest health insurer, but federal-state cooperation means 51 different approaches. Many providers think of it as the worst paying payer under fee-for-service models. However, Medicaid is transforming. The head of Arkansas’ innovative Medicaid program will join the leader of a large managed care services provider to share insights on how to deliver quality care on a tight budget.
Session 3: New Strategies — How AMCs Can Compete
Leaders of two of the nation’s leading academic medical centers will debate how their organizations — and all traditional hospitals — can continue their historic excellence in care delivery while adapting to a changing market. Traditional hospitals are challenged with multiple market shifts. Yet their position in the health care market as the providers of outstanding, quartenary care has never been more central. What will AMCs become, and what must they give up, to stay competitive?
Closing Remarks: Leemore Dafny, PhD