What to do with your doctor cash cows?

A recent report from Merritt Hawkins indicated that the average employed physician generates over $1.5M to their employer. Also, while there is a lot of noise about value based and bundled payment, the reality in the examining room is  “the healthcare environment remains solidly rooted in fee-for-service and other forms of volume-based reimbursement. According to a recent Health Affairs study, 94.7% of physician office visits were ...

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Secrets of a Successful Serial Intrapreneur- Paul Campbell: Chief Innovation Officer, W.L. Gore & Associates

A Keynote presentation from the Back End of Innovation Conference The first slide gave away the four secrets in brief form: Ideation Deconstruct Incubate Scale up Paul began his talk with a metaphor, the new SalesForce building—a new type of structure that is unprecedented in earthquake zones because it was so safe. He claims companies need to re-think their current ...

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Is Artificial Intelligence The New Productivity Paradox?

In the 1970s and 80s, business investment in computer technology were increasing by more than 20% per year. Strangely though, productivity growth had decreased during the same period. Economists found this turn of events so strange that they called it the productivity paradox to underline their confusion. Productivity growth would take off in the late 1990s, but then mysteriously drop ...

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Greatest Threat Of AI is Not What You Think

Stop worrying about AI becoming your overlord. The real threat is much more obvious and interesting. We’ve all heard the prophetic apocalyptic predictions for AI’s future. Elon Musk has said that it’s our “biggest existential threat” and has likened it to “summoning the demon.” Other great minds are similarly vocal about their fears. The late Stephen Hawking said that AI ...

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The Importance of Seeing it Coming

In my travels this year, the one comment I’m hearing is “we just didn’t see it coming.” The grocery industry didn’t see it coming when Amazon suddenly jumped into their industry and 25 billion in market cap got erased overnight. An insurance company in California didn’t see it coming when the effects of climate change fueled a raging wildfire that ...

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Three Rules for Better Decision Making

The primary responsibility of management is to allocate resources in the way that best achieves business objectives. If there are three or four options to allocate resources, which is the best choice? What is the time horizon for the decision? Is it best to hire more people? Why not partner with a contract resource company? Build a new facility or ...

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Want Great Insight? Then Experience It!

Listen, Watch…Then Do I’ll argue that while most do the first two , very few get to the last – the do part. That’s the single most important thing. It’s through the do, through direct experience that one develops and picks up on the most important thing. Context. Only through a never ending, ecosystem wide and even beyond, persistent and ...

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Run Wildly Effective Meetings With This One Powerful Template

Getting the most out of meetings is easy if you know how to effectively design them. One of the biggest black holes in workplace productivity is the poorly designed, poorly run meeting. No wonder 71 percent of senior managers view their companies’ meetings as unproductive and inefficient. When meetings aren’t effective, the natural instinct is to schedule yet another meeting to make ...

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What if private equity ran medical schools?

Dear Miss. Robertson, Thank you for responding to our solicitation for a new Dean of our medical school. We are intrigued by your past experience and background in private equity. As you are well aware, things are changing quickly in sick care and the medical education establishment has been slow to adapt. You’ve no doubt heard about large healthcare companies ...

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