Peter Benkowski

In the last 4 years, we've seen dramatic surges and falls in healthcare private equity deals and volumes. PE investments can revitalize existing healthcare organizations and breathe life into new, innovative approaches. Read more from my colleague Troy Keach on the top PE trends emerging in 2024.

10

Mandatory bundles in surgery are a bi-partisan objective, and (in)ability to optimize cost/quality will dramatically impact hospital P&L. Regular insights from granular data , and AI-based decision support are the only way to systemically reduce unwanted variability and be both profitable and high quality.

8

Results of a recent poll I did about private equity's impact in the healthcare industry. With ~75% of a very knowledgeable respondent pool feeling PE's impact is primarily negative, PE firms have their PR-work cut out for them. #healthcare #privateequity #vc #venturecapital #mergers #acquisitions #hospitals #clinics #healthsystems #assistedliving #postacute https://lnkd.in/g7ebQSKv

5

3 Comments

Please joins this grop and engage in enlightening conversations to demystifying the real-world AI use cases that address Health Services Equity, identify Members in need of care, and crucially, provide Next Best Actions for Physicians and Staff to enable top-of-license practice. #AIforgood, #aiforhealth #populationhealth

3

- Standards are amazing - USB, SQL, REST, JSON and so many more. - Standards are ok but slow, eg FIHR. - Standards are friction creating when scoped wrong- eg cloud computing portability. Advice: create balance across vendors and pick the right level. Eg objective is acceleration of smart hospital; but start with practical items within it that are actionable vs top down vague concepts. Better standards will help more innovative vendors and hospitals firsr and that is a great objective to pull the industry towards positive innovation faster !

7

Also don’t outsource your hospital’s core services to a GPO ran by foreign PE… I do find it so odd that Vizient’s own contracts couldn’t stand on their own so they had to create a aggregation group with Mayo Clinic called Capits. (https://lnkd.in/gpiVDKvn) Which by the way Mayo Clinic is being sued because not only does Mayo control pricing on supply chain contracts for Vizient, but guess who controls pricing on their self insured insurance plan. (https://lnkd.in/guvx5mqr) Oh and as of November of last year Mayo Clinic lead their state in adverse healthcare events. (https://lnkd.in/gXsPi2sw) Should I go on or have I made my point clear on why Oklahoma hospitals should not blindly follow Vizient, Captis, and the Mayo Clinic?

5

2 Comments

Think market consolidation is a problem in #healthcare? You’re right, but let’s start with the insurers (payers). A new data snapshot from the AAMC Research and Action Institute demonstrates the relative market concentration among health care providers and insurers. Across all U.S. states, the largest health systems (by total inpatient hospital discharges) account for about 20% of the state market on average; the largest health insurers account for 50% of the large-group state insurance market. In any given state, the three or four largest health systems combined have an average of 43.1% of the market share, while the top three large-group insurers hold an average of 82.2% of the market share. Check out Alabama on our interactive...can you imagine being a physician practice or community hospital trying to negotiate rates with a payer controlling over 95% of the private market? Insurer consolidation can lead to higher (not necessarily lower) premiums for patients –and lower rates paid to providers, which can result in detrimental effects for patients including discontinued specialized services, hospital closures, and other cuts. Regulators and courts concerned about consolidation must consider all sides of the market for health care goods and services, including the impact of both insurer and provider consolidation on payment rates, patient access, out-of-pocket costs, and quality of care. Read the full snapshot: https://ow.ly/fWG250RtFX4

27

6 Comments

This topic and these two experienced experts should be on your #Healthcareprofessional development bucket list! Sign up today! DM me and I’ll connect with more details!

6

Ascension Health experienced a #cyberattack, leading to significant disruptions across its network, including the suspension of elective procedures and diversion of emergency services to handle urgent cases. This incident has affected many of Ascension's facilities across the United States. Here are some recommendations for patients and stakeholders: 1. Monitor Communication: Ascension will likely communicate updates through official channels—keep an eye on emails and the Ascension website for the latest information. 2. Protect Personal Information: Be vigilant against phishing attempts. Do not provide personal information over phone or email to unverified sources. 3. Follow Guidance: Adhere to any guidelines or instructions provided by Ascension to navigate the services during this time. 4. Check on Appointments: If you have upcoming appointments or procedures, contact the facility directly to confirm their status. 5. Stay Informed: Keep informed about developments through reputable news sources and Ascension's official communications. It's crucial to follow these steps to navigate the situation effectively while Ascension works on resolving the cybersecurity incident. More at: https://lnkd.in/etCE8p2M

2

Great interview and insights from Jeff Gautney from RUSH University Medical Center. This mentions the importance of "people, process and technology" and at HCT Consulting Group we find the people part breaks down even further. What #patients require, differs from what #physicians require, differs from #clinicalstaff require, differs even further from what administrative support and IT requires, differs even further from what finance, revenue cycle and payers require. Its crucial to get these nuances correct for #digitaltransformation to be successful. https://lnkd.in/gaydtcwc

2

Really good research from Healthcare Growth Partners showing a likely overcorrection in #HealthIT valuations since 2021 as the Fed shifted to a Quantitative Tightening policy. To oversimplify... we got accustomed to having easy access to capital without excessive inflation for so long, that when things got a little tighter they 'felt' a lot tighter, and we overreacted. The monetary base is still high and Health IT valuations should rebound to reflect that. Agree/Disagree? https://lnkd.in/eEq-brHp

13

Value analysis is transforming partnerships between health systems and suppliers in health care. In a recent article from The Journal Of Healthcare Contracting, insights from the IDN Insights West panel featuring Cheryl Smith Anderson, DNP, MBA, RN, BSN, system director of Value Analysis at Steward Health Care, and Jimmy Chung, MD, MBA, FACS, FABQAURP, CPE, CMRP, chief medical officer at Advantus Health Partners, sheds light on the pivotal role of value analysis. Cheryl and Dr. Chung discuss their approaches to value analysis and the key components of successful partnerships. From prioritizing patient care outcomes to fostering transparent communication, their insights show the importance of collaboration in driving value for both healthcare organizations and their patients. Read more about how strategic partnerships in value analysis are reshaping the healthcare supply chain landscape: https://lnkd.in/gB7NgJF3

33

More than half of private equity-acquired physician practices underwent an exit within three years of acquisition, with MOST practices being resold to other private equity firms. The median investment holding period for practices that underwent a private equity exit was 2.9 years across all five years. The median holding period was 3.7 years in 2016, 4.8 years in 2017, 3.8 years in 2018, 2.8 years in 2019, and 1.7 years in 2020. The trend of being resold to another private equity firm within three years can advance aggressive growth over short periods that DO NOT result in any long-term benefits for physician practices AND their patients. Ya think?!

20

3 Comments

Remember when the Affordable Care Act passed and "Value-Based Care" was THE topic in healthcare? While it isn't the shiny new object it once was (that title clearly goes to GenAI these days) it continues to expand under CMS' leadership and is a driving force behind major #digitalhealth innovation. In Panda Health's latest whitepaper, Christopher Loumeau, MHA discusses recent market dynamics related to VBC, current challenges, and how providers can succeed under maturing VBC models. Download the whitepaper here: https://lnkd.in/eHbee5Rk

20

1 Comment

Title: Bridging the Gap: Public and Private Healthcare Collaboration On June 11, we hosted a pivotal meeting with key voices from both private healthcare providers and public healthcare regulators and providers. The consensus was clear: collaboration between the public and private sectors is essential to create a robust and sustainable healthcare system. Here’s how we can achieve this: 1. Unified Vision:Establish common goals like improving patient outcomes and increasing accessibility. 2. Leverage Strengths:Public systems excel in broad coverage and preventive care, while private providers lead in innovation and efficiency. 3. Data Sharing:Integrate data to enhance diagnosis, treatment, and preventive measures. 4. Joint Investment:Collaborate on funding for advanced medical technologies and telemedicine. 5. Policy Harmonization:Align policies to reduce bureaucratic hurdles and foster innovation. 6. Public-Private Partnerships: Pool resources to tackle infrastructure and rural healthcare challenges. 7. Continuous Improvement: Regular feedback and communication to adapt to changing needs. Our meeting highlighted the potential of collaboration in transforming healthcare. By working together, we can build a more efficient, equitable, and responsive healthcare system. Let’s commit to this collaborative journey for a healthier future. #UHC #medicalai #health #PPP

18

3 Comments

Changing the model and incentives for care delivery, and supporting consumers holistically is what's needed to improve health and lower unsustainable cost trends. Very well articulated, Ken Cohen and C. Todd Staub MD FACP!

13

1 Comment

One key advantage of urgent care centers is their efficient use of time. Unlike the ER, where wait times can stretch for hours, urgent care centers prioritize prompt service. Patients are typically seen and treated much quicker than in a hospital emergency room. This enables individuals to swiftly resume their daily activities without significant disruptions. Moreover, this efficiency does not compromise the quality of care provided. Urgent care staff excel at promptly assessing patients, prioritizing treatments, and delivering effective medical care. They possess the expertise to manage a diverse range of medical scenarios with a balance of speed and attention. Whether you're dealing with a minor injury or a sudden illness, urgent care ensures you receive timely care to address your needs and kickstart your recovery process.

12

1 Comment

The key to patient engagement is simplifying the patient care experience - but how does one do that? In this article, my colleagues highlight ways to streamline the patient care experience, the evaluation and implementation of new technologies, and how to balance cost efficiency and innovation: https://lnkd.in/dzTMXKjF

3