Today, the Nashville Health Care Council hosted a discussion with Dr. Bruce Hamory, executive vice president, managing partner, Geisinger Consulting Services, Geisinger Health System, about the Geisinger model and its reputation for innovation in quality and value through integration, collaboration and investment in patient-focused health information technology. Geisinger Health System is widely recognized as a national role model for health reform due to its offering of high quality care at costs well below average. Dr. Wayne Riley, former president and CEO of Meharry Medical College and Council board member, served as a moderator for the program.
Geisinger, which operates both the payment and provider entities within its system, has made significant progress in achieving value-based care through cutting edge practices. For example, up to 20 percent of doctor pay at Geisinger is based on favorable outcomes and use of advanced technology, a fundamental difference from the fee-for-service payment system most hospitals currently employ. Dr. Hamory cited the active use of electronic medical records data to create standards of care as an important step in Geisinger’s ability to increase quality and reduce costs.
“Truly integrated health care organizations provide the right care, at the right time, in the right place, which is what we strive to do at Geisinger,” Dr. Hamory said. “Nashville is a hub of health care talent and I’m glad to discuss pioneering changes that can be made to positively shape the future of care with leaders in this city.”
Dr. Hamory pointed out that as much as 50 percent of care given in the country yields no benefits. It is important to eliminate this inappropriate use of care, and dedicate those resources to increasing quality. Geisinger has developed several platforms for measuring and determining best practices through the use of technology, which have shown to decrease costs and attain better results for patients.
“Home to a dynamic community of more than 250 health care companies, Nashville has a significant influence on the provision of care across the country. We are pleased to host Dr. Hamory for a dialogue on the opportunities and challenges ahead in ensuring coordinated care and better patient outcomes,” said Caroline Young, president of the Nashville Health Care Council.
“Like the Geisinger community, Nashville is a collaborative and progressive health care center, with a strong desire to find solutions to improve patient care throughout the country,” Dr. Riley said.
About the Nashville Health Care Council
The Nashville Health Care Council, founded in 1995 as an initiative of the Nashville Area Chamber of Commerce, is an association of health care industry leaders working together to further establish Nashville’s position as the nation’s health care industry capital. Nashville’s health care industry generates more than $70 billion in revenue and more than 400,000 jobs worldwide and is Nashville’s largest and fastest growing employer. For more information on the Council, please visit www.healthcarecouncil.com.