For startup companies hoping to be healthcare innovators leading the wave of healthcare reform ushered in by the Affordable Care Act, the dean of the school of population health in Philadelphia has a message for you: focus on reducing waste and improving value.
Dr. David Nash, the Dean of the Jefferson School of Population Health at Thomas Jefferson University Medical College made the comment as part of a Q&A session with Karl Stark, assistant managing editor for business, health and science with the Philadelphia Inquirer at MedCity’s CONVERGE conference this week.
“My view is there is so much waste that our goal ought to be to create a margin for all the wonderful companies here today out of reducing the waste in the system. Waste including medical error, inappropriate admissions, inappropriate readmissions, inappropriate testing. If we could just reduce the waste, we’re going to accomplish a lot, we’ll save a lot of money, we’ll save a lot of lives, and we’re going to improve the outcome and the quality of the care we deliver.”
Nash also outlined some needs in the healthcare industry that could use attention from healthcare entrepreneurs.