May 12, 2020: For this special edition of Tuesday News Day Bill is joined by Drex to deliver a two-part episode! After discussing the news, our hosts switch gears and share a section of their presentation of a business-centric IT approach to the reopening health systems. For the news segment, Bill and Drex use a white paper about contact tracing as a springboard to discuss the complexities of this issue, including how it works and the tradeoffs between its efficacy and the privacy issues it raises. The discussion moves to today’s second news piece arguing that health systems should restart now to map out safe safe back-to-work strategies, and our hosts talk about playbooks on the subject already being released by Atrium and UH. Next up, we dive into a listener question about when hospital revenue might return to pre-COVID levels. It might be a year or it might be never, but you’ll hear some positives for consumers either way. Moving onto the tail end of the show, we jump over to YouTube where Drex and Bill deliver their presentation segment, giving health systems seven action points for reopening. These include suggestions to restart the economy, restore trust, recapture lost revenue, reduce cost structures, capture government dollars, take advantage of disruption, and adapt to capture new reimbursement dollars. Tune in for some great perspectives on contact tracing and what the procedure of opening back up again might look like.
Key Points From This Episode:
- Drawbacks of digital contact tracing like privacy raised in the ‘Outpacing the Virus’ paper.
- How contact tracing works and whether it’s effective if some people opt out of it.
- The question of whether lost privacy liberties will be restored once the virus cools off.
- Examples of worrying tracking measures implemented by governments.
- Discussing an article on the need for health systems to map out safe back-to-work strategies.
- Health systems are trusted thus must guide us; back to work guides by UH and Atrium.
- Telemedicine breakthroughs and whether hospitals will return to pre-COVID revenue levels.
- Revenue decreases and worries about small and mid-size health systems.
- Action points from Bill and Drex for a business-centric IT approach to reopening.
- Necessary measures to be taken to restart the economy/health system economy.
- The need for health systems to guide people and end tattletale culture, thus restoring trust.
- How health systems might figure out a way to recapture lost revenue; ramping capacity.
- The use of modeling and the need for health systems to reduce their cost structure.
- Telehealth grants and how health systems should begin capturing government dollars.
- Strategic partnerships and how health systems can take advantage of disruption.
- The need for health systems to adapt to capture reimbursement dollars.