This episode features Zach Chandler, Executive Vice President & Chief Strategy Officer at Baptist Memorial Health Care Corporation. Here, he discusses changing strategy to keep up with inflation & rising interest rates, his thoughts on big tech & retail “disruptors”, his optimism for the future of healthcare, and more.
Summary
The Importance of Adapting Strategies During Changing Economic Times
Zach Chandler, the Executive Vice President and Chief Strategy Officer at BeMore Healthcare Corporation recently discussed the importance of adapting strategies as economic times change with Baptist Memorial Health Care Corporation. Like many other industries, healthcare is subject to fluctuations in inflation and rising interest rates. Chandler emphasized the need for healthcare providers to be nimble and proactive in setting goals and devising strategies that are flexible enough to adapt to changes in the economic landscape.
The Role of Big Tech and Retail "Disruptors"
Chandler also shared his thoughts on the emergence of big tech and retail companies as players in the healthcare industry. Chandler views these entities as potential disruptors, capable of causing significant changes to the industry. He sees this disruption as an opportunity to restructure services and develop greater access to better services. For example, he sees retail companies as bringing convenience and accessibility to healthcare, while big tech companies can leverage their massive amounts of data to help improve the accuracy and effectiveness of diagnoses.
Optimism for the Future of Healthcare
Despite the challenges posed by changes in the economic landscape and the emergence of new players into the healthcare industry, Chandler remains optimistic about the future of healthcare. He believes that the greatest innovations in healthcare come from eliminating waste, improving efficiency, and developing new technologies that can deliver better healthcare outcomes at a lower cost.
Final Thoughts
It was a pleasure to hear from Zach Chandler, and his insights into the changing healthcare industry were invaluable. As healthcare providers continue to navigate changing economic landscapes, the need for flexible, adaptable strategies will be more important than ever before. However, with the right approach and a focus on innovation and efficiency, the healthcare industry can rise to meet these challenges and deliver better outcomes for patients.
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 10/27/2022 and can be listened here.
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