In this news roundup, Future Healthcare Today shares recent stories about the changing face of healthcare. First, we share how a group of hospitals have banded together to create a not-for-profit generic drug company. Then we take a look at how leadership affects patient care delivery, as well as how optimizing technology can improve both vaccine compliance and patient outcomes. Read the latest healthcare news here:
Hospitals Are Fed Up with Pharmaceutical Companies, So They’re Starting Their Own
A group of major American hospitals, battered by price spikes on old drugs and long-lasting shortages of critical medicines, has launched a mission-driven, not-for-profit generic drug company, Civica Rx, to take some control over the drug supply. Backed by seven large health systems and three philanthropic groups, the new venture will be led by an industry insider who refuses to draw a salary. The company will focus initially on establishing price transparency and stable supplies for 14 generic drugs used in hospitals, without pressure from shareholders to issue dividends or push a stock price higher.
The consortium includes health systems such as the Mayo Clinic and HCA Healthcare and collectively represents about 500 hospitals. Initial governing members have already committed $100 million to the effort, but the business model will ultimately rely on long-term contracts with member health care organizations to buy a fixed portion of their drug volume from Civica Rx. Read the story here.
Michael Dowling: Three Most Undervalued Elements Of Care Delivery
Understandably, all of us are constantly consumed by such pressing issues as our uncertain regulatory landscape, evolving reimbursement models and technological advancements, all of which have a significant impact on the way care is delivered and paid for. Once in a while, however, we need to come up for air and take time to celebrate some of our many achievements as providers of care. We’re in a people industry, and the profound impact we have on people’s lives on a daily basis cannot be overstated. With that in mind, I think all of us should take a collective bow for the many ways we have elevated the quality of care in this country over the past decade. Here are a few things to consider as we go about the business of leading our respective organizations: 1. Success. 2. Face-to-face contact.
3. First-line supervisors and middle management. Read what Dowling says about each of these in his article here.
Pediatric Practice Improves Vaccine Compliance Using Automated Messaging
This Level 1 PCMH Pediatric group utilized in-house staff to make direct phone calls with critical messages and reminders to their patient base, a process that was both inconsistent and labor intensive. They need a quicker and easier way to push communication out to patients and staff and chose Relatient to help them in their efforts. Now patients who are behind on wellness visits or completion of recommended vaccines are prompted to make an appointment through automated outreach. Since it was implemented, the group has seen an increase in excess of 30 percent in rates of completed vaccination compliance, which helps patients and increases the practice’s bottom line. Relatient also has helped in creating a communication system that was put to use during a bad winter storm. It took only minutes to alert all personnel and patients of delayed clinic openings. Previously, the clinic would have spent hours manually communicating a change such as this. Read more here.
Better Outcomes For Patients Through Digital Transformation: Guidance For Healthcare CIOs
Chris Logan, Senior Healthcare Strategist for VMware, recently shared his thoughts about digital transformation in the healthcare industry, how healthcare CIOs are embracing the cloud, and how technology is helping deliver better patient outcomes. According to Logan, modernization efforts in the public and private sector stem from the fact that, across the board, organizations have been spending a lot of money on IT infrastructure and still aren’t able to deliver on the solutions that are needed to support either physicians or patients in the digital age. Healthcare organizations have been struggling with digital transformation for a while now, before even the HITECH Act (2009) became a huge impetus to modernize IT. “For example, the institution I was at the time had implemented electronic health records (EHRs) more than 10 years before. So, we had some insight into the problems that could come with digital transformation. In this case, the problem was that the EHR system was running on old mainframe technology.” Read the entire interview here.