In many existing IT systems, gathering and analyzing data simply takes too many steps.
"Instant gratification takes too long." This quip from a popular motion picture embodies the thinking of a society that places so much value on expedience that little else matters. But in competitive markets like healthcare, expedience is often not enough. It must be better, cheaper and faster to stand out as a competitive offering. It is in this spirit that the concepts of Lean manufacturing have gained such traction recently in healthcare. The principles of Lean are so intuitive and compelling that providers and payers alike can apply them and derive significant benefits in financial performance and customer satisfaction.
WHERE'S THE VALUE?
LEAN IS THE NEW BLACK
Ironically, Lean is not a new concept, just as the Six Sigma methodology has been practiced in various forms for centuries. It has emerged as a fundamental performance improvement methodology that can be applied to nearly every process, whereas Six Sigma is reserved for more complex problems. The practice of merging both techniques has given rise to a new discipline, "Lean Sigma."
MUDA PRINCIPLE
Bridging the Diversity Gap in Rare Disease Clinical Trials with Harsha Rajasimha of IndoUSrare
November 8th 2023Briana Contreras, an editor with Managed Healthcare Executive, spoke with Harsha Rajasimha, MD, founder and executive chairman of IndoUSrare, in this month's episode of Tuning in to the C-Suite podcast. The conversation was about how the disparity in diversity and ethnicity in rare disease clinical trials in the U.S. has led to gaps in understanding diseases and conditions, jeopardizing universal health, and increasing the economic burden of healthcare.
Listen
Managing Editor of Managed Healthcare Executive, Peter Wehrwein, had a discussion with William Shrank, M.D., a venture partner with Andreessen Horowitz, a venture capital firm in Menlo Park, California, about how artificial intelligence's role is improving healthcare, where we are today with value-based care and the ongoing efforts of reducing waste in the healthcare space for this episode of the "What's on Your Mind" podcast series.
Listen
35th World AIDS Day Marks 20 Years of PEPFAR: Challenges and Strategies to Combat HIV/AIDS
November 29th 2023PEPFAR, having invested $100 billion and saved 25 million lives in the global fight against HIV/AIDS, faces Congressional hurdles in its reauthorization due to abortion debates. Despite widespread support and no evidence of abortion-related activities, the legislative process is at a standstill. Members of PEPFAR and authors of a recent editorial stress the significance of PEPFAR and advocate for integrating behavioral and social science into healthcare programs to achieve UNAIDS targets and address barriers in HIV/AIDS testing and treatment.
Read More