Sharon Samjitsingh’s Post

How do you think about removing costs from healthcare? Our CEO Sharon Samjitsingh shares here how we think about it. We've focused on evidence-based approaches, and are sure that we're clinically efficacious. That allows us to be even more confident around the other part of our mission - reducing costs. If we keep doing what we've been doing in healthcare, we'll keep getting what we've been getting: spiraling costs. We're thrilled to be at the forefront of digital health companies building a better tomorrow - in terms of outcomes AND costs. #digitalhealth #betteroutcomes

McKinsey & Company’s U.S. Healthcare Predictions below and the 1TCC™ Healthcare Webinar to review the state of healthcare today and tomorrow. Dive into the future of healthcare and join 1TCC™ for an engaging and interactive webinar RxDisruption: Re-Imagining the Global Healthcare Sector. Date: March 7th Time: 10am PST RSVP here: https://lnkd.in/gHaF_4vm McKinsey & Company authors discuss the uncertainty in the US healthcare sector as it enters 2024, driven by political changes, financial #pressures, and regulatory issues. Despite these challenges, lies a realm of #opportunities for innovation and growth for healthcare leaders. Join Sanjay Bonde as he discusses with industry experts Dr. Abraham Verghese and James Greenwood strategies for navigating the healthcare sector. From understanding how hospitals are adapting to financial pressures and the rise of tech services companies to exploring the shifting landscape of value creation and capturing delivery economics, this webinar is an exclusive opportunity to elevate your industry insights. 1TCC™ delivers capital efficient supply chains. Learn more at 1tcc.com. https://lnkd.in/eNjbW-M4 #Healthcare #Webinar #IndustryInsights #RxDisruption #1TCC #TCC #1TCCPlatform #JimGreenwood #AbrahamVerghese #Experts #SupplyChainOptimization #InventoryVisibility #BusinessResilience #LogisticsInnovation #WorkingCapitalManagement #CompanyCulture #SupplyChain #InventoryManagement #Strong #Uncertainty #Challenges #Automotive #HighTech #LifeSciences #Manufacturing #WorkingCapital #StabilityInBusiness #Resiliency #CapitalEfficientSupplyChains #IndustryLeaders #TradeFinance #Leadership #BusinessSuccess #SupplyChainSolutions #Inventory #Global #Excellence #Innovation #GlobalTrade #NavigatingUncertainties #PanamaCanal #EconomicResilience

In the dynamic world of healthcare, maintaining a balanced perspective is crucial. As Reed Hastings suggests, “Be brutally honest about the short term, and optimistic and confident about the long term.” For healthcare practice owners, this means maintaining a realistic perspective on the current state of the practice while never losing sight of your ultimate goals. Acknowledge the current challenges, such as rising costs, declining reimbursements, and staffing shortages. However, don't let these obstacles overshadow the potential for growth and success. By staying grounded in reality while keeping a positive outlook, you can navigate with resilience and emerge stronger. Need guidance? Our team of trusted advisors can help you assess your practice today and plan for the future. Contact Us Today: https://lnkd.in/esgzFQtB

Let's start looking at healthcare differently. If you care, you have an obligation. This starts with having a conversation surrounding your organization's overall goals and tailoring your strategy to align. There is no questioning that healthcare is a huge investment into your team and the way they seek care. For most companies, healthcare may be one of their top expenses and it is treated on a 12-month basis. Let's have a discussion surrounding ways to leverage the investment you are already making to create a more transparent, strategic, and cost-effective long-term solution. Moving carriers, plan changes, and increasing deductibles are only going to create disruption in your plan and ultimately, becomes a cycle that is difficult to break. We cannot hope to solve an issue with the same solutions. Think of your healthcare program as a broken nose and in order to fix a broken nose, you must break it back into place. Let's break the cycle and take a proactive approach to healthcare.

I'm worried about the long-term trends in healthcare, and my article in the May issue of Healthcare Financial Management does two things: 1. Document the very low operating margins for not-for-profit (NFP) health systems 2. Recommend that we start thinking of NFP health systems as conglomerates, with 6 very distinct Strategic Business Units. Each of the SBUs has very different operating margins, financials, capital structures, competitors, key success factors, etc. Questions for discussion: A. What is the sustainable operating margin for a NFP health system (e.g., 5%)? B. What strategies will lead to NFPs across the US reach sustainability? Wishful thinking about reimbursement doesn't count. C. What happens if they don't reach sustainable financial performance? D. Does my 6-SBU framework facilitate thinking strategically? https://lnkd.in/eJZzDgFD

Organization driven acknowledgment The Evolving Landscape of Professional Recognition in Healthcare In an era defined by rapid technological advancements and evolving societal needs, the traditional paradigm of professional recognition is facing unprecedented scrutiny. The rigid structures of institutional accreditation, while historically intended to safeguard quality standards, have inadvertently hindered the progress of many highly skilled individuals. The human capacity for learning and innovation is a fundamental right, yet institutional constraints often stifle these innate abilities. By imposing arbitrary labels and restrictive regulations, these systems impede the natural progression of human intellectual development. The result is a systemic lag in the advancement of healthcare, where the potential of skilled professionals is often overlooked due to bureaucratic hurdles. The emergence of knowledge-based economies has highlighted the limitations of traditional accreditation models. Skilled individuals, regardless of their formal qualifications, possess the ability to contribute significantly to healthcare delivery. However, systemic biases often prevent these individuals from practicing their full potential. A more flexible and inclusive approach is necessary to unlock the untapped potential of skilled healthcare professionals. By streamlining accreditation processes and focusing on documented experience, we can empower individuals to provide quality care without unnecessary barriers. This shift would not only improve patient access to care but also foster innovation and drive advancements in the field of healthcare. In conclusion, the future of healthcare lies in embracing a paradigm shift that prioritizes skill and experience over institutional affiliations. By challenging the status quo and advocating for a more equitable system, we can unlock the full potential of healthcare professionals and ultimately improve patient outcomes.

How do we measure accountability in healthcare? Canadian Medical Association’s 2025 Pre-Budget Submission. The Canadian Medical Association (CMA) has submitted several key recommendations to the House of Commons Standing Committee on Finance to inform their budget for 2025. (resource in comments below) The submission focuses on addressing critical issues to: - enhance accountability for achieving desired health outcomes - improving Indigenous health and well-being - fostering environmentally sustainable health systems - addressing the challenges of administrative burdens - the health human resource (HHR) crisis - enhancing patient care and the well-being of health care providers. I want to focus on ACCOUNTABILITY in this post. What are the most important performance metrics or KPIs (Key Performance Indicators) for healthcare delivery? What are the most important KPIs for measuring the outcomes? For example, is wait time important? Is readmission rate important? What about the increase in the quality of life or functionality of a patient? Please reach out to me as I am passionate with my role as CEO of POMMe-Health to find out how we are held accountable to deliver the best healthcare possible and improve the functioning of every patient. As we look toward the future of health care in Canada, the recommendations outlined in the CMA's 2025 Pre-Budget Submission provide a roadmap for enhancing accountability and addressing sustainability. By prioritizing these critical issues, we can ensure that all Canadians receive the high-quality care they deserve. Let’s continue this important conversation and advocate for the changes our system needs.

Healthcare Costing for Value Institute - The concept of ‘value’ in healthcare – maximising the outcomes which matter to people at the lowest possible cost – is increasingly seen as a key lever for supporting the delivery of high quality sustainable healthcare. We support our members to implement the Costing Transformation Programme and deliver value-based healthcare through our four key themes: - Confident Costing | Supporting improvements in costing - Translating Data | Making the most of patient-level cost data - Driving Value | Improving patient outcomes at lowest possible cost - Innovation | Pushing costing and value boundaries For more information on membership for your organisation contact me. #ValueBasedHealthcare #HealthcareCostingForValueInstitute #PatientExperience #ValueBasedCare

A quick search reveals some custom GPTs related to healthcare administration and operations. Not tried them out, but am excited by the possibilities. "A variety of studies over the last 2 decades have found that administrative expenses account for approximately 15% to 25% of total national health care expenditures, an amount that represents an estimated $600 billion to $1 trillion per year of the total national health expenditures of $3.8 trillion in 2019". What do you think? Follow Catena.MBA for #courses and #consulting in #emergingtechnologies

Working with healthcare organizations has traditionally been challenging & while it's easy to criticize the inherently byzantine nature of the industry, you should take these things into consideration: 1. Healthcare is an essential service, without it our world would fall apart - there needs to be complex checks and balances. We should focus on navigating these effectively rather than complaining about them. 2. Healthcare is an essential part of societal infrastructure. Naturally, there are more stakeholders at the table compared to other industries, all with competing interests. If finance and operations aren't considered, there is no hospital to treat patients, but if patient experience and clinical outcomes are ignored in the pursuit of financial gain, the ethos of healthcare is ignored. Identify which stakeholders your solution impacts and choose them as your champion. 3. There is very little room for error in healthcare, a mistake in logistics means a late shipment, a mistake in retail means an upset consumer, a mistake in healthcare can have life or death consequences, literally. Consider this when trying to treat your healthcare customers the same as other customers in different industries. Healthcare is undoubtedly challenging, but critiquing it won't help. Bring value to the stakeholders you're dealing with, be patient, and find a way forward for your organization and theirs. Be innovative.