Surviving Disruption: A Roadmap for Health Care Governance
Summary: Disruption of traditional healthcare is inevitable and will be a central challenge for healthcare governance. We see new examples of “business disruption” every day, as innovators use technology, scale and consumer insights to create a lower-priced, more convenient consumer experiences, and force traditional companies down a path of compulsory cost-cutting and lost relevance. While the size and complexity of healthcare have slowed the process of disruption, its high costs and lack of convenience make it highly vulnerable to innovative, nontraditional competitors offering solutions that are more compatible with the digital era. To make sure boards of directors are well-prepared to address this challenge, McDermott Will & Emery and Kaufman Hall have partnered to bring you a new podcast series, Surviving Disruption: A Roadmap for Healthcare Governance, in which we'll identify the signs of disruption, how healthcare organizations can prepare, and the implications for healthcare governance.
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- Artist: McDermott Will & Emery + Kaufman Hall
- Copyright: All rights reserved
Podcasts:
Business disruption is emerging as one of the most compelling corporate governance challenges for health care organizations. Through the development and oversight of a strategic governance and risk management plan, boards can make an extraordinary difference in responding to disruptive threats from innovative, non-traditional competitors.
As the forces of business disruption breach the health care sector, providers face the challenge of meeting consumer demands for more convenient, affordable health care through significant technological investments, while balancing their fiduciary duty of managing costs. In order to survive, organizations across the health care sector will need to come together to rethink the existing business models, scale and the provision of patient care. In this episode, we lean into the responsive strategies health care leaders can adopt, and the fundamental questions they should ask, in order to guide their organizations through the challenges of disruption.
Disruption of traditional health care is inevitable and poses a central challenge for health care governance. While the size and complexity of the health care industry have slowed the process of disruption, its high costs and lack of convenience make it highly vulnerable to innovative, nontraditional competitors. To make sure boards are well-prepared to address this challenge, McDermott Will & Emery and Kaufman Hall have partnered to bring you a new podcast series, "Surviving Disruption: A Roadmap for Health Care Governance." In this episode Michael Peregrine and Ken Kaufman discuss how health care boards can identify the signs of disruption.
