New Marketplace
Clip
Turning Physician Leaders into Business Managers (01:34)

Despite its investment in health care and plethora of resources, the United States is not producing health for most of the population, according to Fiona Scott Morton, Theodore Nierenberg Professor of Economics at the Yale University School of Management. Why is that?

“The problem is management, not a lack of resources,” says Morton. Physicians are the real managers of the health care sector, and a lot of them were not trained for this. “Nobody ever taught them about a balance sheet or an opportunity cost or how you depreciate capital,” notes Morton. “We need physician leaders to get themselves a few more tools so that they can make these decisions about how to get resources allocated effectively.”

From the NEJM Catalyst event Innovation in Health Care Leadership: The New Health Care Marketplace at Northwestern University, June 4, 2015.

More From New Marketplace
Disruption of Innovative Mergers in Health Care Industry - BDO graphic

Innovative Mergers Will Disrupt Health Care

The NEJM Catalyst Insights Council expects outside players to have a major impact on the industry over the next three years.

Mark Miller and Melinda Buntin

MedPAC’s Role in Curtailing Drug Prices

The former Executive Director of the Medicare Payment Advisory Commission lays out three recommendations for curtailing drug prices, as well as upcoming Medicare trends.

Mark Miller and Melinda Buntin

Why Does MedPAC Matter?

The former Executive Director of the Medicare Payment Advisory Commission explains why physicians and health care providers should understand MedPAC’s mission.

Volatility Among Top Health Care Spenders

Consistently High Turnover in the Group of Top Health Care Spenders

Despite the myth of frequent fliers in high-cost health care, most of the top 5% of spenders were not in the top 5% the year before.

Marc Harrison and Leemore Dafny head shots

Fair Pharma? Intermountain’s New Generic Drug Company

“What we aim to do is to create something akin to a public utility that is going to put public good first.”

Changes in household spending 1984-2014 health care spending

My Favorite Slide: Understanding the Growth of Health Care Spending

How have health care costs impacted the everyday life of Americans over the course of a generation?

Proportion of ACOs Achieving Shared Savings under Medicare ACO Programs in the First 3 Years of Payment Contracts

Explaining Sluggish Savings under Accountable Care

ACOs are as diverse as the U.S. health care system. Developing policy approaches that accommodate this diversity will be important for payment and delivery reform to achieve its potential.

NEJM Catalyst single-payer survey results

Why Clinicians Support Single-Payer — and Who Will Win and Lose

Single-payer health care is gaining adherents among physicians and other providers. But as-yet-undetermined details will matter greatly.

What Is Value-Based Healthcare?

Explore the definition, benefits, and examples of value-based healthcare. How does value-based healthcare translate to new delivery models?

Predicting the Future — Big Data, Machine Learning, and Clinical Medicine

By now, it’s almost old news: big data will transform medicine. It’s essential to remember, however, that data by themselves are useless.

Connect

A weekly email newsletter featuring the latest actionable ideas and practical innovations from NEJM Catalyst.

Learn More »

Topics

Resolving the Payer-Employer Disconnect

Payers need to break out of their insular way of thinking.

Value Based Care

141 Articles

MedPAC’s Role in Curtailing Drug Prices

The former Executive Director of the Medicare Payment Advisory Commission lays out three recommendations for…

Innovative Mergers Will Disrupt Health Care

The NEJM Catalyst Insights Council expects outside players to have a major impact on the…

Insights Council

Have a voice. Join other health care leaders effecting change, shaping tomorrow.

Apply Now