| A unique event for investors
MedCity News hosted a new event — Bullseye: Targeting Healthier Outcomes and Returns — aimed at investors of all stripes and corporate business development leaders on July 23 in Chicago. The goal was to create a space for meaningful connections among a diverse group of investors and corporate business development leaders with content designed to provoke. The kind of perspective that attendees wouldn’t find in other run-of-the-mill healthcare events. I am pleased to say we were able to deliver. Here are a few perspectives for the event If healthcare is broken, we collectively broke it
Two nonprofit CEOs were not shy to admit that if the health system is broken, then collectively “we,” meaning every player in that system, have broken it. And now comes the time to take responsibility and do one’s best to change it. Sachin Jain, CEO of SCAN Health Plan declared that it’s time for a civil rights movement in healthcare, a collective moral awakening. He implied that “we” shouldn’t chase the cheese (incentives that reward a few) like rats.
“Get rid of whatever your human name is. You have no values. We have no morals. We're animals and, you know, rats in a maze, and all we're doing is just following. We've kind of committed to being rats, all of us on some level. We're just like, 'Oh, here's where the cheese is. Let's just go where the cheese is.' [But] that's not who we are. We're all better than that." Paul Markovich, CEO of Ascendiun, the parent company of Blue Shield of California and other companies, said that as insurers, "we tend to control" how people get paid and what the administrative burdens are, and that "we have the biggest influence" in changing the healthcare system. The government doesn’t know what to pay for drugs
AJ Loiacono, CEO of Judi Health, which bills itself as a transparent PBM, held pharma companies, insurance companies and even the federal government responsible for why it’s so hard to know what drugs actually cost. “Our largest ultimate payer is the US government, and they have five different large schedules when it comes to drug pricing," he declared. "You have 340B, Medicare, Medicaid, DOD, VA. They're all different. So I often say, 'if the federal government can't get one price per drug, what chance does the average employer? What chance does a small employer have, like Doug's Towing or Patty's Plumbing?' They have zero chance and oftentimes they are the ones that are being absolutely abused under this system. And to go further on that point, the people that suffer the most are the elderly and the poor under this model." —By Arundhati Parmar
Please read the full article on Bullseye at MedCity News. If you are interested in attending or sponsoring next year's Bullseye, please write to Arundhati Parmar, aparmar@medcitynews.com, and Ken Montgomery, kmontgomery@medcitynews.com. |
%20(1).png)
No comments