Episode 8 Tuning Healthcare - Positioning a Sustainable Long-term Strategy - Mike Englehart
Update: 2020-06-04
Description
In this episode of Tuning Healthcare, Mike Englehart, Senior Vice President for Medical Groups and Ambulatory Strategy at Trinity Health System shares his insights on the current healthcare crisis and what health systems must do to create a sustainable long-term strategy. He recently served as the interim CEO of the Mount Carmel Health System in Columbus, Ohio. Prior to that role, Mike was the President and CEO of Presence Health in Chicago. He was also formerly an Advocate Health Care leader where he was the President of Advocate Physician Partners.
“But if your heart is, 'Yeah, we really do believe that population health is the right thing to do," then your capital dollars will start to be spent more on ambulatory, technology, medical group physicians, ASCs, because those become cost effective ways in a diversification of your portfolio. And the conversations you're having with the payers and the employers are critical because that's where you get rewarded for doing the right thing. And if you don't ask and you don't sit down at the table and try and find those new opportunities to share risk, give a little bit of protection as you go into risk, but ultimately take the training wheels off and go all in, you'll stay in a fee-for-service world as long as you need to, until you're forced out of it.”
– Mike Englehart, Senior Vice President for Medical Groups and Ambulatory Strategy, Trinity Health
In this episode, Mike and Lumeris Senior Vice President Nigel Ohrenstein discuss:
• How a national health system like Trinity Health is thinking about revenue recovery in light of COVID-19
• Why revenue diversification is critical for a health system’s sustainable future
• Risk-based models and how payers, employers and providers can align to create a better health experience for consumers
• The expansion of telehealth and virtual care
• The balanced strategy of delivering healthcare locally across a national system
• How Medicare Advantage plays into Trinity Health’s strategy both now and into the future.
Cited works:
Text Message Alert 1 Sound. Available at http://soundbible.com/2154-Text-Message-Alert-1.html.
ECG Sound. Available at http://soundbible.com/1730-ECG.html.
AM Radio Tuning Sound. Available at http://soundbible.com/2099-AM-Radio-Tuning.html.
Intro music. Gordon Household. August 2019. WAV File.
“But if your heart is, 'Yeah, we really do believe that population health is the right thing to do," then your capital dollars will start to be spent more on ambulatory, technology, medical group physicians, ASCs, because those become cost effective ways in a diversification of your portfolio. And the conversations you're having with the payers and the employers are critical because that's where you get rewarded for doing the right thing. And if you don't ask and you don't sit down at the table and try and find those new opportunities to share risk, give a little bit of protection as you go into risk, but ultimately take the training wheels off and go all in, you'll stay in a fee-for-service world as long as you need to, until you're forced out of it.”
– Mike Englehart, Senior Vice President for Medical Groups and Ambulatory Strategy, Trinity Health
In this episode, Mike and Lumeris Senior Vice President Nigel Ohrenstein discuss:
• How a national health system like Trinity Health is thinking about revenue recovery in light of COVID-19
• Why revenue diversification is critical for a health system’s sustainable future
• Risk-based models and how payers, employers and providers can align to create a better health experience for consumers
• The expansion of telehealth and virtual care
• The balanced strategy of delivering healthcare locally across a national system
• How Medicare Advantage plays into Trinity Health’s strategy both now and into the future.
Cited works:
Text Message Alert 1 Sound. Available at http://soundbible.com/2154-Text-Message-Alert-1.html.
ECG Sound. Available at http://soundbible.com/1730-ECG.html.
AM Radio Tuning Sound. Available at http://soundbible.com/2099-AM-Radio-Tuning.html.
Intro music. Gordon Household. August 2019. WAV File.
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