Miller’s Monday Morning Message
presented by ACM Consulting Inc.
Andrew Miller on operational excellence, strategy, life balance and everything in between
Toronto – May 19, 2014
In a recent survey the insurance company Travelers asked more than 1,100 business owners and executives what they worry about most. The two most popular answers were increasing medical costs (67%) and increasing employee benefit costs (62%). Of course, these two responses are very much related. Surprisingly, attracting and retaining top people was seventh on the list.
Of course we can look at the way the question was phrased, “How much do you worry about this threatening your business?” But what’s more important is that this should be a wake-up call (as if we needed one) that the current healthcare system is not sustainable.
Whether you are in Canada or in the US, the current models will not provide us with the proper care moving forward. Funding changes in Canada, the Affordable Care Act in the US, increasing need for personalized medicine. Name the reason, but it all comes back to the fact that we need to change how we operate. So how do we do that?
We make it easier for healthcare providers to adopt new innovative procedures and technology, and for companies to show how their new products and services can impact the overall cost to the system. We make more funding accessible where providers and industry can partner to find better solutions. We give healthcare providers the tools to apply new ideas more quickly and effectively. We take a more holistic view of a patient to ensure the right care, in the right place, at the right time.
We know what to do, we just need to do it. Have you done all you can do to make the healthcare system more sustainable?
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