In this episode, we are joined by Alexis Stiles, Global Healthcare Practice Leader at Spencer Stuart, and Robin Glasco, Consultant in the Healthcare Practice at Spencer Stuart, to discuss what the payer-provider landscape looks like today, what kind of innovation is emerging, what roles are most critical in these collaborations and a lot more. This episode is sponsored by Spencer Stuart.
Summary
What is the Current Landscape of Payer-Provider Collaborations in Healthcare?
In this episode, Alexis Stiles, Global Healthcare Practice Leader at Spencer Stuart, and Robin Glasco, Consultant in the Healthcare Practice at Spencer Stuart, discuss the current state of payer-provider collaborations in healthcare.
From "Necessary Evil" to Partnership
Historically, payer organizations and healthcare providers have had a tense relationship, with each side viewing the other as a "necessary evil." However, in recent years, this has shifted towards more of a partnership mentality, as both sides are working towards the same goal - delivering quality healthcare to patients.
Innovations in Healthcare
Alexis and Robin also discussed some of the latest innovations in the healthcare industry. For example, Amazon's venture with One Medical and Uber Health are both looking to deliver care in a more efficient and effective way. However, they stress that the biggest innovation in healthcare is the shift in mindset around data sharing. In order for successful partnerships to form, senior leaders must think differently about their role and seek out collaborative partnerships.
Building Trust and Aligning Incentives
According to the consultants at Spencer Stuart, building trust between payer organizations and health systems is key and takes time. Additionally, incentives need to be aligned and transparent in order to achieve success. In other words, both sides need to feel like they are benefitting from the collaboration.
Shifting the Mindset in Healthcare
Alexis and Robin stress the importance of shifting the healthcare industry's mindset from a focus on legacy systems to mission-driven noble causes. This requires networking with others in the industry to build trust and transparency. Finally, they urge the healthcare industry not to let the opportunities presented by COVID go to waste and to continue challenging themselves to improve.
This episode of Spencer Stuart's podcast on the current state of payer-provider collaborations in healthcare is brought to you by Spencer Stuart.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 05/17/2023 and can be listened here.
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