To be a savvy navigator of a risk financing program, there are two equal-and-opposite levers to understand: managing and financing risk. The goal is to always keep these two levers in balance, pushing or pulling to achieve optimal conditions. They are typically managed by a team of clinical staff and C-suite executives who act in … Read More
Hospitals are bustling places where lives begin, end, and are saved. It takes many people in many dynamic roles to deliver care at the highest level. Care delivery is not without its risks but there are ways in which that risk can be mitigated, creating a safer environment for everybody. In a 2018 pilot study … Read More
Risk has quite an ominous reputation. According to Merriam Webster, risk is defined as the “possibility of loss or injury” or “something that creates or suggests a hazard.” Synonyms include “peril,” “hazard,” “gamble.” However, when it comes to Medical Malpractice and Workers Comp insurance, risk doesn’t have to be a dirty word. Its’ association has typically … Read More
Healthcare is being disrupted. Every link along this value chain holds risk…and that’s being disrupted too. The business of healthcare is changing – from delivery system to payment model, healthcare consumer to healthcare provider. Drug stores are buying health plans. Uber is covered by Medicare. Amazon, Berkshire Hathaway, and JP Morgan have the capacity to … Read More
Although there’s always opportunities for improving healthcare quality, it’s reassuring to know that there are many professionals across the U.S. who are diligently working to promote processes which build and effectively promote accountability for providing quality healthcare to the communities we serve. As my teammates and I attended NAQH Next 2019, we were able to … Read More
“You’ll learn a lot and love the networking.” That’s what I heard from my fellow team as I prepared to attend the Southern Sharing Symposium for the first time and boy, were they right! As I walked in and watched everyone hugging people they hadn’t seen in a while (that’s what we do in the … Read More
What do you think about when you hear the word ‘quality’? A restaurant with great food and price, a shiny new car with all the bells and whistles, new clothes that look and feel great for the price you paid, or…. your last healthcare experience!! Most of us don’t necessarily think ‘quality’ when we’re asked … Read More
The fall C-suite Hospital Insurance Forum (HIF) Conference was held in Kiawah Island, South Carolina. Even with the impending approach of Hurricane Florence, we still managed to get through the bulk of the informative and packed agenda. This conference never disappoints. Here are some of the highlights. Leading Through Change – “Organizational health will one day surpass … Read More
Cyber risk is increasing. Criminals armed with a computer, a network connection, and malicious intent are increasingly targeting small and medium-sized businesses, from retail to healthcare and array of other professions. More than 85% of cyber attacks are thought to be brought against small businesses, but fewer than one such firm in five believes that … Read More
What do you think when you hear the word ‘quality’? A restaurant with great food and price, a shiny new car with all the bells and whistles, new clothes that look and feel great for the price you paid, or…. your last healthcare experience!! Most of us don’t necessarily think ‘quality’ when asked about our … Read More