Healthcare’s Dysfunctional Pricing: Be Afraid. Be Very Afraid.

The Health Care Cost Institute (HCCI) released its annual report of healthcare prices last month. To no-one’s surprise, HCCI found huge variation in commercial prices for 240 common medical services across 41 states. Here’s an excerpt from HCCI’s press release:
In New Hampshire and Wisconsin, over 20 percent of health care services are twice the national average price. While in Arizona, Florida, Maryland and Tennessee, over 90 percent of health care services are priced lower than the national average.

The G7 Meeting in Sendai: Mr Aso’s PEF Project

The sun has finally appeared, and the TV trucks are rolling out of this ancient hot springs town on the outskirts of Sendai, Japan. This was the location over the weekend of the G7 meeting of finance ministers and central bankers which, although civil, has ended with a lack of consensus.

EconVue Weekly Spotlight

Stories in our Spotlight This Week  

A Thank You Letter

If you haven't heard, I'm moving into a passive role at Technori after six years and a wonderful person, Scott Kitun, is taking my place as the CEO and the face of Technori. You can read about it in the Chicago Tribune or Chicago Inno. You can reach Scott at kitun@technori.com.

Rethinking Cyber-Security: A New Paradigm for Democratizing Data Exchange

Liberated data connects people, informs decision-making, stimulates innovation, streamlines production, creates wealth and advances humanity.  The upward trajectory of human accomplishment arises from ever-more sophisticated data exchange supporting ever-more complex win-win partnerships. 

Asset-Light and Ready: Physician Groups Embrace Accountable Care

This is a report I wrote with Carsten Beith.

Hockey superstar Wayne Gretzky gave the business world its most over-used strategic metaphor, “I skate to where the puck is going to be, not where it has been.”  In healthcare, companies are chasing dozens of “strategic pucks” to position for post-reform success. Gretzky would surely disapprove. There's only one golden puck, and it's called value: delivering better healthcare at lower prices with greater convenience. 

A Solution to Exorbitant Health Care Spending?


Necessity Turbo-Charges Productivity at Cleveland Clinic Florida

Coming into 2015, Ozzie Delgado confronted a thorny problem. Cleveland Clinic Florida was experiencing expansive demand for surgical services. Occupancy was already at 92% and there would be no capacity relief until 2018. That’s when a $300 million capital project will add inpatient beds, three operating suites, an expanded Emergency Department and incremental diagnostic services (e.g. imaging, laboratory).

Whatever Some Candidates Tell You, the Incomes of Most Americans Have Been Rising

After a decade when most Americans saw their incomes decline, the latest Census Bureau income data contain very good news: A majority of U.S. households racked up healthy income gains in 2013 and 2014. The facts may not fit the narratives of Donald Trump, Ted Cruz, or Bernie Sanders.  But they do help explain why President Obama’s job approval and favorability ratings have passed 50 percent.

EconVue Weekly Spotlight

Stories in our Spotlight This Week

1.  Helicopter Kuroda: A Bonus For Workers, Not Japan, Inc.
Article By Lyric Hughes Hale 4/27/16 Huffington Post

My latest in the Huffington Post. I'm recommending that the Bank of Japan begin real economy measures such as ensuring higher pay for temporary workers, rather than purchasing shares in Japanese companies that already have bloated balance sheets.