Innosphere Announces New Relationship with ValidCare

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Innosphere announced its selection of eightScreenHunter_60 Nov. 06 13.36 new client technology organizations from its pool of 32 applying companies. Those selected, are introduced into Innosphere’s incubation program and now immersing in the onboarding and exclusive training sessions. Innosphere client companies receive customized development plans, are introduced to other founders, and granted access to experienced advisors. Innosphere clients receive ongoing support and networking to raise appropriate levels of capital and obtain resources to exponentially grow. One of Innosphere’s most recent introductions to its program is ValidCare.

ValidCare is developing a Patient Reported Outcomes network of Hospital, Surgery Center, and Physician Group participants committed to working together across the surgical episode to better manage the Health of our communities. Their aim is to simplify, clarify, and transform the patient experience in Orthopedics and Spine. They enable delivery of the highest quality outcomes at the lowest total cost – one patient at time.

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Healthcare Transformation: High-Integrity Patient Engagement, Physician Alignment, and Bundled Payments

ScreenHunter_56 Oct. 25 16.20Negotiating the Minefield

Making Bundled Payments work for you in an era of Healthcare Payment Reform is a complex minefield of care coordination. Three key elements have been identified for successful transition to the pending mandates.1

  1. Simple and transparent Patient Reported Outcomes technology to derive analytics on cost, outcomes, and quality of care.
  2. High-integrity care coordination and patient engagement from pre-surgical consultation through discharge / post-acute care
  3. Physician and Hospital Alignment

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CMS Mandated Payment Reform is Coming…Are You Ready?

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Government Mandated Healthcare Payment Reform is Coming

TRiding the Storm Outhe Centers for Medicare & Medicaid Services (CMS) is effectively implementing  a strategy to shift Medicare Fee-for-Service (FFS) payments to alternative reimbursement models. CMS proposed the first mandatory bundled payment model, i.e. the Comprehensive Care for Joint Replacement Model (CCJR), in July as a 5-Year Program CY2016-2020.

CCJR covers Fee-for-Service Medicare beneficiaries discharged under MS-DRG 469 and 470 (Lower Extremity Joint Replacement (LEJR) procedures). The proposed bundle will cover all related Medicare Part A and Part B services across the episode of care, which CMS defines as beginning at inpatient admission through 90 days post-discharge.

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Accountability: Building Engaged and Informed Teams

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Many organizations struggling with major initiatives look for better means to manage performance. Oversimplification of problems or underestimation of the barriers to change (even the readiness of organizations to absorb change) impedes progress. Executives sponsoring key initiatives, particularly enterprise wide and multi-generational, should seek to understand how its organization executes – what it does and does not do well – and effectively empower change agents and influencers to deliver results.

Wishing Doesn’t Make it So
The dilemma Managers face in making individuals and organizations accountable for success is in integrating the impact of initiatives to individuals, their teams and the organization. Too often, Senior Leadership absolves itself of responsibility for execution and creates an arbitrary systems of penalties without recognition. This trait hallmarks organizations focused on excuse rather than execution. Timely decisions on critical issues, proper resourcing, problem definition and setting realistic expectations are within the domain of Senior Leadership; communication, expectation management and execution are the responsibility of Managers and their Teams. Each needs the other. The skill is in managing initiatives and relationships – both – for the good of the organization. Continue reading

Without Complete Understanding

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Angel of Grief - Stanford University

This morning, I read of a death of a young Marine to suicide. It reminded me of a post written sometime ago. Revisiting it here for the purposes of bringing light to the terrible loss to mental illness and suffering. From August 15, 2011.

I read a very poignant post this evening about the loss of a loved one to suicide. It rekindled memories of friends whose terrible decisions left such awful darkness in trade. How awful a curse to be so bereft of hope that death is comparative comfort.

Interestingly, today is the Feast of the Assumption; a holy day of obligation that Roman Catholics herald as a victory of life over death when the Blessed Virgin Mary was assumed – body and soul – into Heaven. Suicide is the refutation of that very promise. A loss to suicide is as baffling as it is devastating.

For those of Faith, please pray for those suffering from mental illness. Pray for those groaning under the yoke of despair in recovering from a loss. Pray that it doesn’t come home to you.

For it is true we can seldom help those closest to us. Either we don’t know what part of ourselves to give or, more often than not, the part we have to give is not wanted. And so it is those we live with and should know who elude us. But we can still love them; we can love completely without complete understanding. — Norman Maclean

From the Boardroom to the Battlefield — Only the Paranoid Survive

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Andy Grove of Intel fame provides a fascinating read on the effects and potential advantages of technological disruption. Following is the preface to Only the Paranoid Survive: How to Exploit the Crisis Points that Challenge Every Company. Grove speaks to the importance of understanding inflection points and how great organizations exploit crises to advance their own objectives.

Grove’s lasting question to Management is timeless: what would you do differently if you replaced yourself tomorrow? Though dated (1996), the learning lessons remain relevant in developing an understanding of the impact of shifting boundaries and the importance of plotting a course through dark waters. As a leader, crucial to survival is an awareness to evolving market dynamics and seismic technological shifts. It permits a foundation from which to effectively react to conditions not of your making.

A corollary to Grove’s effort is Hal Moore’s Four Basic Principles of Leadership as an execution paradigm in reacting to disruptions and competitive forces. Though Colonel Moore was speaking to battlefield realities and his own experience in the Ia Drang Valley, its application to industry and business is complete.

As you consider what ails (and assails) your organization, consider the lessons of Grove and Moore. From the boardroom to the battlefield, learn to exploit the unexpected to your advantage.

Happy reading!

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Innovation Drives Superior Profitability

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The Product Development Management Association (PDMA) is an organization devoted to enabling companies improve their innovation processes and profitability through best demonstrated practices. It’s been around for awhile now and good research exists on the site (www.pdma.org).

 

Strong Innovation Drives Superior Organizational Profitability
Primary among the findings of several large studies is that Market Research, i.e. focus groups, sales anecdotal evidence and VoC – proves critical to the success AND profitability of a launch. This actually speeds (rather than delays) innovation from concept through introduction to market. While lauding the rewards of adherence to process and controls, it also warns of rogue mentality as a drain to profitability and causing significant disruptions in development, integrity in design and cost containment efforts.

Consider the following finding from an APQC study in 2003 and corroborated in Improving New Product Development Performance and Practices, by Cooper and Kleinschmidt in the same year: Continue reading

Creating Value: Economic Progress through Innovation

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While packing for our first foray as a family to Disney World,  I noted the “irrational exuberance” of my wife and children in advance of blowing thousands of dollars on one of the greatest marketing campaigns ever. Though less enthused at the downstroke required to fund the effort, I remain awed by the organizational devotion to customer experience and the role of Imagineer in continually rejuvenating and extending the brand. Value here greatly exceeds price and has for generations. Organizations across many industries send their Innovation Teams to Disney for the express purpose of understanding this model and the value it creates.

Warren Buffett once stated, “price is what you pay, value is what you get.” Pretty interesting statement, but – out of context – so what? Isdell of Coca-Cola fame referenced this in a 2004 speech before a European industry conference. His take on value was pretty remarkable. He delineated the core considerations of value for his organization as relating to choice, information and goodwill.  “So the essential question for us is what consumers want for their health and nutrition today, and what they’re going to want in the future.” One could supplement nutrition for surgical services or quality of life and change the entire context of this sentence to relate to healthcare. Not unique to healthcare, with a bit of thought, it likely applies to any industry. Continue reading

Ethics in Leadership: Virtue as a Competitive Advantage

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Virtue as a Competitive AdvantageAristotle
Though dead for nearly 2,400 years, Aristotle remains relevant primarily because of his defining principles in terms of the ethics of leadership and personal choice. Within Nicomachean Ethics, Aristotle concludes that the primary role of leadership is creation of an environment in which all members of an organization are provided the opportunity to realize individual potential. Thus, the ethical role of the leader is not to consolidate power, but rather to create an environment where followers may realize the full potential of their unique gifts and abilities. The role, then, of the individual is to employ personal choice in individual interactions arriving at some end we individually consider good for personal growth and collectively so in contribution to organizational performance. This is accomplished through a value system where living “virtuously” determines whether we achieve excellence or mediocrity. Continue reading

Crossing the Rubicon: Building High-Performance Teams

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Attributes of High-Performance Teams
If discipline is the crucible wherein excellence is derived, then passion is the catalyst for that transformation. Passion and discipline are key attributes of any high-performance team. Passion overcomes long odds and obstacles.  Passion differentiates; it endures. It remains a tremendously powerful equalizer, particularly if fear of not trying overwhelms fear of failure. But how to instill this in teams or organizations struggling with mediocrity? What implications exist for Leaders whose Teams now drown in sub-average performance or expend valuable resources in a seemingly vain attempt to stay afloat? Continue reading

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