Mr. Hazen was moderating a panel on hospital innovation Oct. 8 at the Nashville Health Care Council’s Nashville Health Care Sessions, according to the report.
He said the hospital industry is “a bit bespoke.”
“By that I mean the care that’s delivered from one institution to the other can be quite different for a host of reasons … and that bespoke aspect I think produces different outcomes,” he said, according to the report.
Mr. Hazen also said that the healthcare industry is not producing enough value.
“It’s generating a lot of cost to government, it’s generating a lot of cost to employers and it’s not necessarily delivering the value,” he said.
Mr. Hazen said there is a need for healthcare institutions to be more productive when it comes to workforce, resources and capital, but added that it’s “not easy.”
“There’s a significant amount of life-and-death decision making that happens inside the processes within hospitals in delivering high-quality care,” he said.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
