What does the next 5, 10, 20 years look like for the healthcare industry? That’s a question everyone would love an answer for, but there are many opinions out there. We sat down with Steve Mund, DNP, CRNA, FACHE, CENP, to pick his brain on everything from insurance to costs to payments and more.
On This Episode:
Few topics stir up the country like healthcare and the debate over its future rages on. From small towns to major cities, people everywhere are talking about the industry and changes they think should be made.
Everyone has an opinion and that makes it difficult to get a grasp on where we’re headed as a profession. We can barely decide on where we’ll be next year, let alone in 10 or 20 years from now. That can be a scary thought as we think about our career and how it will impact our lives.
We wanted to go deeper into that topic and try to get a better understanding of where healthcare is headed so we sat down with Steve Mund, DNP, CRNA, FACHE, CENP. With decades of experience in the industry, Steve brings a lot of insight into the operational side of the business.
There’s so much to talk about and we tried to cover as much as we could during the half-hour. Some of the topics we discussed are payment models, patient accountability, operating costs, payers and providers, becoming more efficient, mergers, and how each of us can make an impact in our day-to-day roles.
Steve gives us a great look at where we could be headed and the biggest challenges we’re facing. If you’re curious at all about the industry, you don’t want to miss this episode of the Beyond the Mask Podcast.
Check it out at the top of the page and use the timestamps to help you navigate through the many topics we discussed.
[spp-timestamp time= 1:59 – Introducing our guest on this episode, Steve Mund.
2:29 – Sharon shares some background on Steve.
[spp-timestamp time= 4:24 – It’s an interesting time in healthcare and there’s no way to predict how it will change in the years to come.
6:57 – How to be a problem-solver for your department.
7:58 – The three payment models healthcare needs to engage in for the future.
10:14 – What about the accountability on the patient side?
11:19 – The providers get penalized but what about the payer?
12:57 – Jeremy shares a recent discussion he had with an insurance executive about drug costs.
14:01 – Let’s talk about mergers. Are their benefits to these large mergers?
[spp-timestamp time= 14:59 – One prediction projected operating margin to be -16%.
15:55 – The length of stay can be an area of improvement potentially.
16:47 – Hospitals only operate on a 2.5-4% margin.
17:41 – Where is all the money going?
20:04 – What factors are driving the utilization of healthcare?
[spp-timestamp time= 22:03 – What does Steve see as the future of healthcare payers?
23:36 – The best way to stay informed is Becker’s Review.
25:29 – How do you determine value in healthcare these days?
[spp-timestamp time= 26:58 – So how can providers show their value to their organizations?
27:42 – How can we help cut down on waste in financial, clinical and personnel areas?
29:16 – The waste isn’t always about money, it’s also about time.
30:40 – Some final thoughts from Steve.
“I hope that as a society we will continue to say we do have some responsibility for our healthcare and that’s to follow what our doctors and nurse practitioners and whatever tell us and do some of those things.”-Steve Mund