Live and Be Well Who Cares About Health Care? Annual Business Conference University of Michigan Business School October 12, 2001 Isadore J. King President.

Slides:

Advertisements

Similar presentations

Chapter 12 - Health Care Trends and Forecasts McGraw-Hill © 2010 by The McGraw-Hill Companies, Inc. All rights reserved 12-1.

Advertisements

21 Health Care McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Future Challenges Nigel Edwards Policy Director, NHS Confederation Visiting Professor London School of Hygiene and Tropical Medicine.

Three Basic Questions What to produce (includes how much)

Fourth Quarter and Year-End Results Millipore Conference Call, January 26, 2004.

Leading Together: What Will It Take? Leading Together: The Transformation to Population Health Ann Arbor, Michigan Jeff Selberg Executive Vice President.

Part Two Economics of Health Care Is Health Care similar to other commodities? Craig A. Pedersen, R.Ph., Ph.D.

1 INS301 Chp16 Employee Benefits: Overview and Group Medical Coverage Overview of employ benefits Group medical insurance Background of health care market.

1 A Crystal Ball: How to Improve the Health Care System Tom Closson President and CEO Ontario Hospital Association NAPAN 8th Annual Conference Sunday,

Demand for Health Care Purpose of demand analysis for health care is to determine those factors that on average most effect utilization of medical services.

Jason Henderson Vice President and Branch Executive Federal Reserve Bank of Kansas City – Omaha Branch June 16, 2009 The views.

Prepared by Economic Models 1 Israel’s Economic Potential for Growth January 2008.

Fiscal Policy Government Spending AndTaxes. Fiscal Policy Government spending Government spending – Increase: stimulates the economy – Decrease: slow.

2009 RWJF Synergy Workshop Institute of Medicine Washington DC June

Page 1 Basker Rangachari Group Head, Strategic Alliances & Customer Loyalty Group Consumer Lending Gaining Customer Loyalty – what does it take to succeed?

1 Fourth: Health Care Plans: 1. 2 The Economics of Health Care: Price rationing occurs because buyers base purchasing decisions on the relative quality.

What is it? An organization of physicians or other health care professionals that provides a broad and nearly complete range of health care services on.

Evidence-Based Medicine: Promises and Problems Victor R. Fuchs Henry J. Kaiser Jr. Professor Emeritus Stanford University Nuffield Trust, London, 12 May.

Nathan Tinker Executive Director New York Biotechnology Association New York BizBio 2009 Fighting for a Healthy Biotech Industry.

INTRODUCTION TO RA.

Development of the UK longevity market Rajeev Shah 9 December 2009.

Action Plan Israel “ Secure nutrition ”. Optimal nutrition for all Consensus conference with stakeholder under the auspices of MOH National program (National.

WHAT: WHO: WHERE: WHEN: WHY SHOULD I ATTEND? HOW CAN I FIND OUT MORE? Join us to learn about the unique ways that companies are employing technology, innovative.

Structuring for Growth Presented by Stefanie Fine, Vice President for Business Development and Strategic Planning JEVSat IAJVS Annual Conference Chicago.

Profit Incentive Profit is the differences between a business’s total revenues and its total costs. The profit incentive is the desire that persuades entrepreneurs.

Healthy Economy, Healthy Colorado A Strategic Action Plan for Colorado’s Health and Wellness Industry December 11, 2013 History Colorado Center.

Exhibit 25.1 Annual Percentage Changes in the Prescription Drug Price Index and Prescription Drug Expenditures, Copyright 2011 Health Administration.

2.3 RATES OF CHANGE Calc 10/1/14. Warm-up 2.3 Rates of Change - Marginals What were the rates in the warm-up problem?

Manufacturing and Distribution Summit Olympia & Lynnwood, Washington September 14 & 15, 2010.

Strategies for ICT-enabled Competitiveness and Job Creation Jim Jaffe President and CEO National Association of Seed and Venture Funds March 30, 2011 World.

Ed Feaver Prescription Solutions President & CEO.…a health and consumer services company making people’s lives better Pharmacy Management: Prescription.

1 The Implications of Declining Retiree Health Insurance Courtney Monk and Alicia H. Munnell Center for Retirement Research at Boston College 11 th Annual.

Business Intelligence and the Space Utilization Initiative Frances Mueller Project Manager Office of the Provost and Executive Vice President for Academic.

Business Leaders Economic Confidence Survey Arkansas Edition Final results Opened on 11/17/13 & Closed 11/26/13 (12/13/13)

RSM McGladrey, Inc. is a member firm of RSM International – an affiliation of separate and independent legal entities. The State of Manufacturing: How.

The Michigan Primary Care Consortium March 2010 Declining Primary Care Workforce.

Stakeholders. Internal Stakeholders Members of the organization.

Floris Waller - CFO and Member Executive Board Business Services Conference London June 26 th 2007 Corporate Express Overview.

The Health of the Nation. Judging the Health of a Nation Quality of its doctors and medical institutions Doctors from all over the world come to the U.S.

Farid Abolhassani Supply and Price Determination 4.

Chapter 22 Health Care Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of.

University of Michigan Health System Children with Special Health Care Needs: Looking Back; Looking Forward Gary L. Freed, MD, MPH Director, Division of.

Economics. Economic Basics Vocabulary: Economics: Study of how people meet their wants and needs Scarcity: Having a limited quantity of resources to meet.

Resource Optimization & Innovation, LLC (ROi) all rights reserved Confidential & Proprietary Information 1 1 Our Integrated Model We believe in the power.

Growing Business Locally. Prosperity 2021 Growing Business Locally  Business Assistance Center  Implementing Growth Strategy  1 st Quarter Report.

Connecticut Pharmaceutical Forum: Access, Affordability, and Better Health Tara C. F. Ryan May 17, 2016.

Supply Chain Insights LLC Copyright © 2015, p. 1 Supply Chain Risk Management Study Summary Charts July 2015.

Entrepreneurship & the Economy

Health Policy Issues An Economic Perspective Copyright © 2015 Foundation of the American College of Healthcare Executives. Not for sale.

24 Health Care McGraw-Hill/Irwin

Business Processes in Logistics and Supply Chain Management (Part II)

Is There Hope for More Affordable Health Care? Yes, but…..

Federal Reserve Bank of Cleveland

ENTREPRENEURS IN A MARKET ECONOMY

Jack Kavanaugh Successful Business Leader and Doctor.

Founder, Chairman and CEO of medical and physical science technologies Jack Kavanaugh.

Compensating Executives

ENTREPRENEURIAL FINANCE Fifth Edition

Business plan presentation

Supply and Demand Economics Pt. 2, Lesson 1.

Role of the state.

Entrepreneurship & the Economy

ECONOMICS : CHAPTER 5-- SUPPLY

Dr. Dlivan Fattah Aziz MSc university of Aberdeen, Scotland

Entrepreneurship & the Economy

Consumer Driven Economy

Entrepreneurship & the Economy

 Rick is a highly skilled and accomplished Physician and Healthcare Executive.  He has served in C-level, consulting and executive positions within.

Presentation transcript:

Live and Be Well Who Cares About Health Care? Annual Business Conference University of Michigan Business School October 12, 2001 Isadore J. King President and CEO The Wellness Plan

Live and Be Well Dr. Entrepreneur Gall Bladder Surgery $2,000 or Two For $3,000 Bring a Friend SALE ENDS AT AGE 60

Live and Be Well Current Drivers of Health Care Costs  Law of Supply and Demand Inoperative  Health Care Inflation  Cost vs. Quality Dynamic  Changes in the Practice of Medicine  Consumers’ Quality of Life Demands

Live and Be Well Law of Supply & Demand Inoperative  Uneducated Consumer  Minimal Consumer Financial Participation  Supplier (Provider) Induced Demand  Value Purchasing Not Effective

Live and Be Well Health Care Inflation Sources: & HealthINFLATION News,

Live and Be Well Michigan Average Revenue Per Member Per Month Source: Baumgarten, Allen. “Michigan Managed Care Review” Part One, 2001

Live and Be Well Major Drug Company After Tax Profit Source: Individual Company Annual Reports 20%21%21.5% Average Profit Margin

Live and Be Well Michigan HMO Before Tax Profit Source: Kennedy, Sheryl. “Urgency Prods HMOs To Become Lean” Detroit Free Press. Friday June Fin. Ed. Pg.2E.

Live and Be Well Michigan HMO After Tax Profit Source: Baumgarten, Allen. “Michigan Managed Care Review” Part One, 2001

Live and Be Well Cost vs. Quality Dynamic Current Quality Cost Optimum

Live and Be Well Quality Cost Optimum Desired Cost vs. Quality Dynamic

Live and Be Well Cost vs. Quality Dynamic Quality Cost Optimum Projected

Live and Be Well Changes In The Practice of Medicine  Biotechnology Research Findings  Therapeutic Drug Advances  Stem Cell Research Findings  Genetic Research Findings

Live and Be Well Life Sciences Institute University of Michigan “We are going to transform the practice of medicine, and this place will be one of the leaders.” Ann Arbor News March 2001 Dr. Gil Omenn Executive Vice President Medical Affairs University of Michigan

Live and Be Well Consumers’ Quality of Life Demands  Living Longer is Not Enough  Living Longer and Feeling Good is Demanded  Consumers Willing to Assume Greater Responsibility for Health Status

Live and Be Well Strategies To Deal With Uncertainties  Growth on the Margin  Continuous and Vigilant Cost Control  Evidence Based Medicine  Outcome Based Incentives  Managed Health