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Business Models and Strategy

 

FREE BLOG HBI Awards 2018: Value-driven outcomes tool that increases quality and cuts cost

In 2012, University of Utah Health introduced its Value Driven Outcomes (VDO) tool in both inpatient and ambulatory care, which has resulted in increased quality outcomes and more than $2.5m in cost savings. Providers can engage with the VDO tool to compare themselves to their peers and to identify standard care pathways and supplies that lower the cost of care while providing the best possible outcomes. The tool has been applied to sepsis, total joint replacement and laboratory services leading to improvements in outcomes and reductions in costs. The judges were impressed by the sophistication of the Utah offering. .

FREE BLOG HBI Awards 2018: Programme that minimises radiation doses for CT scans

CT scans, particularly in emergency settings, can generate high doses of radiation. Affidea has rolled out a programme across its 235 centres in 16 countries which prescribes levels for 72 different CT scans. This is based on its database of 75,000 examinations a month. This has led to Affidea creating 105 unified protocols to standardize operating procedures for CT scans. This program is key to Affidea’s strategy for winning international tenders.

FREE BLOG HBI Awards 2018: New clinical governance and quality framework cuts readmissions and medical errors

New Mowasat Hospital in Kuwait has created a Clinical Governance and Quality Framework to integrate all processes and activities which impact patient care into one strategy. Only in place since March 2017, it has already achieved improved outcomes in multiple areas. Select improvements include reducing unplanned admission after day surgery from 4% to beneath 2%. It has also successfully reduced medication errors in its pharmacy from 1.2 to less than 0.75%. A family-run, 100 bed hospital in Kuwait, the hospital had 2017 revenue of $75m.

Interview: Muharrem Usta, Chairman, MLP Care

We talk to MLP Care chairman Muharrem Usta about the group's business model, growth strategy, long-term prospects and rumours about upcoming co-pay reforms. It IPOed in February on the Borsa Istanbul, which has since plummeted, dragging down MLP's share price. But the company is upbeat and recently added hospitals in Pendik and Mersin to its portfolio.

FREE BLOG HBI Awards 2018: Halving the cost of dialysis

How do you slash the cost of dialysis to a level affordable in country with a GDP per capita of $1,600 and where public dialysis is often of poor quality? NephroPlus, India's largest dialysis chain has managed to cut costs for private pay from $30-40 to $20-25 in the private sector and its outsourced offering to the public sector costs just $15. It has achieved this through a focus on process, effectively leveraging its scale for procurement, creating an in-house training centre and internal maintenance and quality teams.

FREE BLOG HBI Awards 2018: Creating a thriving low-cost care home chain in the UK

Despite servicing local authorities at fee levels that are 75% of the UK national average, Advinia grew EBITDARM more than 30% and sustained occupancy levels at 96% in 2017. It has achieved this through the creation and implementation of process, workflows and rigorous training along with the use of technology. The cost savings associated to this is £1.3m per annum over the last four years.  It recently bought a portfolio of 22 homes from Bupa which has seen Advinia grow to 3,250 beds across 38 homes, employing 4,000 members of staff.

FREE BLOG HBI Awards 2018: Sub-$1,000, whole genome sequencing

Veritas has cut the price of whole genome sequencing to below $1,000, including results and insights on 1,200 conditions, 70+ traits and 200 drug interactions via an app. Any physician or consumer can order their whole genome sequence and interpretation online.  The judges felt the huge price cut in whole genome sequencing made Veritas the category winner.

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