Since starting this blog I have had the opportunity to stumble across interesting business terms currently in use in health care.
As a service to our graduating medical students and residents entering our evolving world of medicine, I thought I’d assemble a reference source of important business terms for their use.
This list is by no means complete and I would welcome other definitions readers might add to this ever-expanding list:
A Personalized Approach to Medication Nonadherence
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
| Term | Translation |
|---|---|
| Accountable Care | Care provided by those who only know how to subtract |
| Health care consumer | Patients – If your patients are alive, they cost the system money |
| KOLs (Key Opinion Leaders) | “Yes” Men and Women for Industry – I was first going to call these individuals “industry whores” but not all of them accept fees from industry for their opinions. The opinions of KOLs, however, uniformly jive with the industry interests they speak about. |
| Lean Six Sigma | Reducing staff-to-patient ratios as low as possible – and substituting kiosks for them instead. |
| Quality Measure | An order you seem to have forgotten that makes people money. |
| Meaningful Use | A measure of one’s ability to use a keyboard – To suggest another definition is silly since no one will be paid to deliver care in the future unless they have purchased a very expensive computer system tells you what to type and when to type it. |
| Wellness Initiative | Health Data Collection Opportunity – Remember, “wellness” is not the opposite of illness. |
Hope this helps!
The author, Dr. Westby G. Fisher, is a cardiologist at NorthShore University HealthSystem who writes regularly at Dr. Wes.
When Investment Rhymes with Canada
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
Westby G. Fisher, MD, FACC is a board certified internist, cardiologist, and cardiac electrophysiologist (doctor specializing in heart rhythm disorders) practicing at NorthShore University HealthSystem in Evanston, IL, USA and is a Clinical Associate Professor of Medicine at University of Chicago's Pritzker School of Medicine. He entered the blog-o-sphere in November, 2005. He writes regularly at Dr. Wes. DISCLAIMER: The opinions expressed in this blog are strictly the those of the author(s) and should not be construed as the opinion(s) or policy(ies) of NorthShore University HealthSystem, nor recommendations for your care or anyone else's. Please seek professional guidance instead.
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