July 9, 2025
July 2, 2025
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SubscribeI think it was interesting that at J.P. Morgan 2023 everybody spoke of what I'll call structured cost reduction initiatives. And we're talking reductions in the hundreds of millions of dollars. Advent talked about a 300 million dollar target but literally Intermountain, CommonSpirit, Baylor Scott & White and Ascension all had specific strategic initiatives to reduce cost.
Rob DeMichiei, Retired CFO
We need to simplify healthcare. There's too much complexity. We can bring automation to it and modernize it. There's a lot of technical debt out there. Lets simplify things and get more smart people focused, not on looking at that red button of something going wrong, but on working on innovative products and projects.
Frank Nydam, VMware
The way to avoid denials is to have a world-class revenue cycle department. To me. blocking and tackling is involved but we know not all health systems do it. The other part of it is the cat and mouse game that has always been played between provider and insurer.
Rob DeMichiei, Retired CFO
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