About the Session
The hospitals of tomorrow will be high reliability organizations with zero events of preventable harm. Revenue will be driven by value rather than volume, and the acuity of patients in hospitals will have shifted dramatically from low acuity to high acuity with fewer ambulatory patients occupying inpatient beds. In the beginning of the 21st century, hospital executives learned that the quality of outputs was a function of three interacting factors: people, processes and technologies. Resources traditionally reserved for investing in high-cost technologies were shifted to innovations in people and processes resulting in significant reductions in hospital-acquired conditions and preventable serious safety events.
Pull back the bed curtain on hospitals from today, and hospitals are a product of their people, processes and technologies. Like a runaway train, the speed at which innovations from yesterday become obsolete has increased exponentially in the first twenty years of the 21st century.
- Participants will understand how to navigate the tangled regulatory approval process for people, process and technological innovations while strategically managing risk.
- Describe how to make the transition from volume-based to value-based reimbursements on the journey to tomorrow’s high reliability organization.