1 00:00:00,080 --> 00:00:01,540 This is Scott Becker. 2 00:00:02,000 --> 00:00:05,139 A special thank you to ECG Management Consultants. 3 00:00:05,839 --> 00:00:07,839 When it comes to health care, there are 4 00:00:07,839 --> 00:00:10,480 many consulting firms to choose from, including large 5 00:00:10,480 --> 00:00:13,059 firms that cater to many different industries. 6 00:00:13,625 --> 00:00:16,045 Then there's ECG Management Consultants, 7 00:00:16,585 --> 00:00:19,464 the longest running health care only consulting firm 8 00:00:19,464 --> 00:00:20,445 in The United States. 9 00:00:20,984 --> 00:00:24,105 In business for over fifty years, ECG stands 10 00:00:24,105 --> 00:00:26,585 alone with its reputation for building trust with 11 00:00:26,585 --> 00:00:29,164 clients and delivering measurable results. 12 00:00:29,710 --> 00:00:30,210 ECG 13 00:00:30,510 --> 00:00:32,530 offers a comprehensive range of services, 14 00:00:32,909 --> 00:00:36,289 spending the entire delivery system, and their transaction 15 00:00:36,429 --> 00:00:39,629 experts represent clients throughout the deal cycle that 16 00:00:39,629 --> 00:00:41,954 they bring a health care centric approach to 17 00:00:41,954 --> 00:00:43,174 post merger integration. 18 00:00:43,875 --> 00:00:45,575 ECG asks the tough questions 19 00:00:45,954 --> 00:00:47,975 and tells clients what they need to hear, 20 00:00:48,034 --> 00:00:49,655 not just what they want to hear. 21 00:00:49,954 --> 00:00:53,075 ECG, the courage to change health care. To 22 00:00:53,075 --> 00:00:56,295 learn more, visit ecgmc.com. 23 00:00:56,434 --> 00:00:59,329 Thank you very much to ECG Management Consultants. 24 00:00:59,549 --> 00:01:02,850 Again, this is Scott Becker with the Becker's 25 00:01:02,909 --> 00:01:03,890 Healthcare Podcast. 26 00:01:04,510 --> 00:01:06,189 These are six of the stories that we're 27 00:01:06,189 --> 00:01:08,450 following this week. And so notwithstanding 28 00:01:08,750 --> 00:01:11,489 it be generally feeling like a 29 00:01:11,825 --> 00:01:13,825 tough week and month in health care as 30 00:01:13,825 --> 00:01:16,944 we watch federal reimbursement challenges, Medicaid potential cuts, 31 00:01:16,944 --> 00:01:17,844 and a lot more. 32 00:01:18,305 --> 00:01:21,664 Overall, some positive news this week. So so 33 00:01:21,664 --> 00:01:22,805 that's great to see. 34 00:01:23,185 --> 00:01:24,390 First, though, we're following 35 00:01:24,870 --> 00:01:26,810 University of Utah CFO 36 00:01:27,269 --> 00:01:29,530 talks about meeting demands in health care, 37 00:01:30,549 --> 00:01:33,129 and trying to hit both clinical partnerships 38 00:01:33,750 --> 00:01:36,229 and doing the same amount of stuff with 39 00:01:36,229 --> 00:01:37,155 the same footprint, 40 00:01:37,715 --> 00:01:39,875 doing more with the same footprint. And one 41 00:01:39,875 --> 00:01:41,075 of the stores you're seeing in health care 42 00:01:41,075 --> 00:01:43,015 currently is meeting demand, 43 00:01:43,394 --> 00:01:45,575 systems stretching to meet demand, 44 00:01:46,114 --> 00:01:48,515 volumes going up, but revenue is not really 45 00:01:48,515 --> 00:01:50,515 rising. And there's a story about that in 46 00:01:50,515 --> 00:01:52,280 today's Becker's health care 47 00:01:52,979 --> 00:01:53,799 digital edition. 48 00:01:55,379 --> 00:01:56,599 They talk about their 49 00:01:56,979 --> 00:01:59,939 growing to meet community needs within their existing 50 00:01:59,939 --> 00:02:02,579 footprint, and that's the story at at University 51 00:02:02,579 --> 00:02:03,159 of Utah. 52 00:02:03,539 --> 00:02:04,039 Second, 53 00:02:05,015 --> 00:02:07,894 Beth Israel Leahy slashes operating losses in q 54 00:02:07,894 --> 00:02:10,055 one. That's a good sign out of a 55 00:02:10,055 --> 00:02:12,534 really well run system, Beth Israel Leahy. I 56 00:02:12,534 --> 00:02:14,534 was thrilled last year to give a a 57 00:02:14,534 --> 00:02:16,375 a talk at one of their health systems 58 00:02:16,375 --> 00:02:18,289 thanks to Ian L. Campbell. What a great 59 00:02:18,289 --> 00:02:19,590 system and a great pleasure. 60 00:02:19,889 --> 00:02:22,129 The system as a whole has total operating 61 00:02:22,129 --> 00:02:24,229 revenue of about 2,400,000,000.0, 62 00:02:24,610 --> 00:02:25,969 up from 2,200,000,000.0 63 00:02:25,969 --> 00:02:26,789 a year ago, 64 00:02:27,250 --> 00:02:28,849 and and sort of moving in the right 65 00:02:28,849 --> 00:02:29,349 direction. 66 00:02:30,209 --> 00:02:30,709 Third, 67 00:02:31,194 --> 00:02:33,375 six health systems with boosted outlooks. 68 00:02:33,675 --> 00:02:35,914 That's always a good story to see. This 69 00:02:35,914 --> 00:02:38,334 story, which is not exhaustive, included NuViance, 70 00:02:38,955 --> 00:02:39,854 Rex Health, 71 00:02:40,314 --> 00:02:40,814 Kettering, 72 00:02:41,754 --> 00:02:44,715 Tampa General Hospital ran by TGA, ran by 73 00:02:44,715 --> 00:02:47,969 John Kors, Tex Texas Medical Center, and UCHealth. 74 00:02:48,669 --> 00:02:50,509 Just again, good to see some health systems 75 00:02:50,509 --> 00:02:51,569 with better outlooks. 76 00:02:52,909 --> 00:02:54,449 Fourth, a great story 77 00:02:54,909 --> 00:02:56,689 on what systems should ditch 78 00:02:57,069 --> 00:02:58,289 media metric 79 00:02:58,965 --> 00:03:00,025 metric madness. 80 00:03:00,645 --> 00:03:02,564 And this is the concept of watching every 81 00:03:02,564 --> 00:03:04,564 single step that a physician does to drive 82 00:03:04,564 --> 00:03:05,305 that physician 83 00:03:05,605 --> 00:03:06,105 crazy. 84 00:03:06,805 --> 00:03:08,965 Maria Taylor Mariah Taylor in the AME have 85 00:03:08,965 --> 00:03:11,125 a great story on why you shouldn't overdo 86 00:03:11,125 --> 00:03:12,965 this because you're just gonna drive your physicians 87 00:03:12,965 --> 00:03:15,229 crazy and lead to more burnout. Out. And 88 00:03:15,229 --> 00:03:16,990 I think that's right. If you keep performance 89 00:03:16,990 --> 00:03:19,969 metrics, sure, but don't drive your people crazy. 90 00:03:20,830 --> 00:03:21,330 Fifth, 91 00:03:22,110 --> 00:03:24,449 great discussion on a program by Ascension 92 00:03:24,989 --> 00:03:27,389 called Recognize and Rescue and how they're cutting 93 00:03:27,389 --> 00:03:30,224 mortality of your system. Ascension gets better and 94 00:03:30,224 --> 00:03:31,985 better, quite frankly. It's a not for profit 95 00:03:31,985 --> 00:03:34,004 system. It's working and getting better and better. 96 00:03:34,144 --> 00:03:37,125 Erica Carbajal from Becker's Health reports on this. 97 00:03:37,504 --> 00:03:38,564 Finally, sixth, 98 00:03:39,264 --> 00:03:40,164 how Anova 99 00:03:40,705 --> 00:03:43,025 built a culture of safety in one. This 100 00:03:43,025 --> 00:03:44,965 is a story about doctor Steven Jones, 101 00:03:45,659 --> 00:03:47,979 They know of a system, how it really 102 00:03:47,979 --> 00:03:50,539 grew to embrace and be great at clinical 103 00:03:50,539 --> 00:03:52,620 excellence. Again, doctor Jones is one of the 104 00:03:52,620 --> 00:03:54,459 great leaders in the country, so no surprise 105 00:03:54,459 --> 00:03:55,360 at their success. 106 00:03:56,459 --> 00:03:58,139 Those are six of the stories that we're 107 00:03:58,139 --> 00:04:00,115 following today, and glad to see some systems 108 00:04:00,115 --> 00:04:03,555 with boosted financial outlooks. That's always good to 109 00:04:03,555 --> 00:04:04,055 see. 110 00:04:04,835 --> 00:04:07,395 Also just quickly note, we just signed up 111 00:04:07,395 --> 00:04:08,375 Caitlin Clark 112 00:04:09,155 --> 00:04:11,555 to speak at the Becker CEO CFO roundtable 113 00:04:11,555 --> 00:04:13,795 this coming fall. We're also hoping for a 114 00:04:13,795 --> 00:04:15,849 commitment from the great one to speak. Those 115 00:04:15,849 --> 00:04:17,689 that fall hockey know who the great one 116 00:04:17,689 --> 00:04:20,009 is. Thank you for listening to the Becker's 117 00:04:20,009 --> 00:04:22,269 Healthcare podcast. Thank you very much.