Value RX: Giving Patients a Voice
Download as PPT, PDF0 likes261 views
The document is formatted as a game of Jeopardy with categories related to business and healthcare. It provides clues and answers about key concepts for creating value in business and whether healthcare is different. The final section discusses four rules for success: [1] invest in relationships, [2] understand risks, [3] get and stay connected, and [4] measure what matters. It concludes by reminding the reader of the Hippocratic Oath and thanking them for participating.
![ValueRx [email_address]](https://image.slidesharecdn.com/april02hcprez-100915212251-phpapp02/85/Value-RX-Giving-Patients-a-Voice-1-320.jpg)
Value RX: Giving Patients a Voice
- 2. Its time to Play Jeopardy Please phrase all of your answers in the form of a question!
- 3. The categories for today are CREATING VALUE IN BUSINESS IS HEALTH CARE DIFFERENT?
- 4. 1st Category: Creating Value $100 -- The Patriots $200 – It can help with your spelling $300 -- Trees are worth $150 here $400 -- It was invented in 1494
- 5. 2nd Category: Is HC Different? $100 – They are called patients $200 – Peers are preferred source $300 – Even not-for-profits measure it $400 – Every one uses it
- 6. The numbers tell all… 0 500 1,000 1,500 2,000 2,500 3,000 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 Year Market Value Book Value Millions ($) 2001
- 7. … for Health Care as well 0 500 1,000 1,500 2,000 2,500 3,000 3,500 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 Year Market Value Book Value Millions ($) 2001
- 8. Invest in relationships Understand the risks Get and stay connected Measure what matters The 4 Rules of Success
- 9. Its Now Time for Double Jeopardy All the dollar values are doubled
- 10. A : AOL has 200 M of them Q : What are customers?
- 12. Rule 1: Invest in relationships Old: Buildings and money New: Customers, Employees, Providers Next: All of the above
- 13. A : It was worth $80 billion Q : What is (was) Enron?
- 15. Rule 2 : Understand risks Old: Avoid them New: Quantify them Next: Manage them
- 16. A : “Can you hear me now? Q : What is technology?
- 18. Rule 3 : Get and stay connected Old: In Doctor’s offices New: Across the organization Next: With everyone, everywhere: 24 X 7
- 19. A : Every business uses it Q : What is GAAP?
- 20. Liabilities Assets Balance Sheet Net Worth Revenues Expenses Income Statement Net Income
- 22. Rule 4 : Measure what matters Old: Tangible assets New: Intangible assets Next: Everything
- 23. Final Jeopardy Rules for Success
- 24. The final categories My Family Today’s take-a-ways
- 25. A : My wife was right Q : What is everything?
- 27. Invest in relationships Understand risks Get and stay connected Measure what matters The 4 Rules of Success
- 28. “ If I fulfill this oath and do not violate it, may it be granted to me to enjoy life. If I transgress it…may the opposite of all this be my lot." -- Hippocrates, 377 BC
- 29. Thank you!
Editor's Notes
- #22: Three approaches cost, FMV, discounted cash flow all assets are measurable everything that is intangible has tangible measures