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Global Sector Specialist - Health. IFC

SINK OR SWIM – Five Operational Strategies to Support Health Service Delivery in Emerging Markets COVID-19 exposed weaknesses in our global health systems and where there is no easy fix. Decision-makers must build resilient health systems that can manage uncertainty. Several trends appear to be emerging that may help get us there. First, more governments are looking at how new models of public private collaboration can help put us closer to universal healthcare. Second, social and private insurance models are expanding to make healthcare affordable and accessible to more people. Lastly, stakeholders across the healthcare ecosystem have started pushing for improved value that prioritizes quality of care and outcomes over quantity. What does this mean for health service businesses and their operational processes? We now face an opportunity to advance business models, innovative practices, and technology solutions. Here are five strategies that are helping to shape the way forward for private sector companies looking to align with changing market conditions and to improve the day-to-day operational delivery of care and align with changing market dynamics. • Process Management: Adopt a more process-oriented mindset. Having a stronger business, financial, and clinical focus is becoming engrained in the management of healthcare providers. Aim for better value and enhanced quality. • Improved Financial Oversight: Focus on improved cost and performance analytics (versus only looking at revenue) to be better prepared for downturns and new market demands. • Integration: Move away from single hospital operations towards coordinated, integrated models of care. • Volume-For-Cost: Work with payors to secure longer term higher patient volumes in return for discounted cost (after analyzing data to determine service for larger population groups). • Share Risk: Work more closely with purchasers to share the financial risk, especially for set demographic or disease risk profiles (which will be possible as health insurance and data analytics become more widespread). Healthcare service providers who adapt and introduce business models that embrace future care and business dynamics will be best positioned to survive and thrive long-term. There are also lessons to be shared with the public sector to support operational improvement. We will discuss these key issues and themes at IFC’s 9th Global Private Health Conference in Cape Town in February 2023. The event will be an opportunity for global leaders to learn from and help each other improve business processes that ultimately place patients at the center of our health systems. If you haven’t yet registered, please do so today: https://lnkd.in/dMbQg5N6

IFC Global Private Health Conference 2023

IFC Global Private Health Conference 2023

web.cvent.com

Khaldoun Bardi

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6mo

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