Who Cares About Health Care?

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    30-Dec-2015

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Who Cares About Health Care?. Isadore J. King President and CEO The Wellness Plan. Annual Business Conference University of Michigan Business School October 12, 2001. Dr. Entrepreneur. Gall Bladder Surgery $2,000 or Two For $3,000 Bring a Friend SALE ENDS AT AGE 60. - PowerPoint PPT Presentation

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Who Cares About Health Care?Annual Business Conference University of Michigan Business School October 12, 2001Isadore J. King President and CEO The Wellness PlanDr. EntrepreneurGall Bladder Surgery $2,000 or Two For $3,000Bring a Friend SALE ENDS AT AGE 60Current Drivers of Health Care CostsLaw of Supply and Demand InoperativeHealth Care InflationCost vs. Quality DynamicChanges in the Practice of MedicineConsumers Quality of Life DemandsLaw of Supply & Demand InoperativeUneducated ConsumerMinimal Consumer Financial ParticipationSupplier (Provider) Induced DemandValue Purchasing Not EffectiveHealth Care InflationSources: www.twv.com/researchlegal/resrchstats.html & HealthINFLATION News, www.healthinflation.comMichigan Average Revenue Per Member Per MonthSource: Baumgarten, Allen. Michigan Managed Care Review Part One, 2001Major Drug Company After Tax ProfitSource: Individual Company Annual Reports20%21%21.5%Average Profit MarginMichigan HMO Before Tax ProfitSource: Kennedy, Sheryl. Urgency Prods HMOs To Become Lean Detroit Free Press. Friday June 2 2000. Fin. Ed. Pg.2E.Michigan HMO After Tax ProfitSource: Baumgarten, Allen. Michigan Managed Care Review Part One, 2001Cost vs. Quality DynamicCurrentQualityCostOptimumCost vs. Quality DynamicQualityCostOptimumDesiredCost vs. Quality DynamicQualityCostOptimumProjectedChanges In The Practice of MedicineBiotechnology Research FindingsTherapeutic Drug AdvancesStem Cell Research FindingsGenetic Research FindingsLife Sciences InstituteUniversity of MichiganWe are going to transform the practice of medicine, and this place will be one of the leaders.Ann Arbor News March 2001Dr. Gil Omenn Executive Vice President Medical Affairs University of MichiganConsumers Quality of Life DemandsLiving Longer is Not EnoughLiving Longer and Feeling Good is DemandedConsumers Willing to Assume Greater Responsibility for Health StatusStrategies To Deal With UncertaintiesGrowth on the MarginContinuous and Vigilant Cost ControlEvidence Based MedicineOutcome Based IncentivesManaged Health