Healthcare
Improving Outcomes and Lowering the Cost of Care
Healthcare leaders are discovering that smarter data use and technology investments hold the key to delivering quality care at sustainable costs
Key takeaways
Data-driven decision-making requires building organizational data literacy, not just access to data tools.
Long-term vendor partnerships must be grounded in measurable, demonstrated outcomes rather than preference alone.
Healthcare leaders' mental and physical health directly impacts their capacity to drive organizational performance.
The healthcare industry evolving, with pressure to improve patient outcomes, while simultaneously lowering the cost of care has become a pertinent issue. A 2020 survey found that U.S. healthcare spending is projected to exceed $6 trillion by 2028, highlighting the need for efficient solutions that deliver high-quality care without the hefty price tag. But how can providers achieve this delicate balance? Part of that answer lies in leveraging data and innovative technologies.
What does it take for healthcare organizations to provide value, remain competitive, and ultimately, improve patient outcomes while lowering costs?
On this episode of "Highway to Health," host David Kemp sat down with Kevin Freeman, Chief Commercial Officer at Health Catalyst, a company at the forefront of outcomes improvement in healthcare. Together, they explore the strategies, technologies, and mindsets healthcare leaders can adopt to drive progress in these challenging times.
Several takeaways from the episode explored:
- Prioritizing mental and physical health is crucial for healthcare leaders to maintain peak performance and leadership success.
- Why data-driven decision-making is essential, but organizations must also develop data literacy to effectively apply insights for improvement.
- How long-term partnerships are built on value delivery. It's not just about liking a vendor; and that providers need measurable outcomes to sustain these relationships.
Kevin Freeman is the Chief Commercial Officer at Health Catalyst, and has over 15 years of experience in healthcare data and outcomes improvement. His work focuses on helping healthcare organizations make informed decisions through data, driving value and transformation across the sector. Health Catalyst has developed more than 300 use cases of outcome improvements, making them a trusted partner in healthcare innovation.
About the author
With experience in coaching college basketball, supporting large healthcare systems through ICD-10, to now leading the healthcare vertical at MarketScale, David enjoys the journey. Craving knowledge is one of David's core values, and he has the opportunity to learn from some of the best as host of the Highway to Health podcast series.
