3/5/20 Healthcare Webinar: How to Achieve the IHI’s $500 Billion Goal
I’ll be hosting the 2nd webinar in this series on Thursday, March 5th at 1:00PM MST
We’ll go into more specifics how your organization can find what’s causing you the most problems, how to determine who should be on the improvement team, and how to ensure that the countermeasures you enacted are both reducing waste and errors and that the improvement doesn’t slide back down.
What: FREE Webinar 2 of 3: How to Achieve the IHI’s $500 Billion Goal.
When: Thursday, March 5th, 2020 at 1:00 p.m. MST
Where: Join online from wherever you are.
How: Register for the webinar HERE.
(You can view the recorded version of the first webinar AT THIS LINK. The first session was more of an overview of IHI’s goal, and how implementing Agile Lean Six Sigma can speed an organization’s improvement process and better sustain results.)
“The Institute for Healthcare Improvement just announced a five-year goal to reduce healthcare waste by 50 percent by 2025. Now, health care waste is currently considered to be about a trillion dollars, so that means they want to save 500 billion dollars by 2025. They’re calling this “The Trillion Dollar Checkbook,” but you know how you write a check and here’s your 500 billion? Well, no, I think it needs to be an annuity every year. We pay you back five hundred billion dollars that we’re not wasting, if you will.
“So they want to reduce waste and rework in healthcare by 50 percent by 2025. Do you realize that’s really going to require everyone in health care to put the pedal to the metal and start chasing this dream right now? You know, there’s no waiting.
“Now the problem as I see it is you can’t go at it the way they’ve always done it, because healthcare has been going into and out of “Process Improvement,” “Six Sigma,” whatever, for the last 20 years, and the numbers have not changed. So consequently, they’re going to have to do something a little different than they have.
“Now, I’m Jay Arthur, I’ve got a new book out called “Agile Process Innovation; Hacking Lean Six Sigma For Maximum Results.” Using this, you can… (and you also have to have the QI Macros [software]) Using those two things, you can actually start to make rapid improvements in a day or less. We don’t need two-week or four-week trainings; we don’t need 4-month or 12-month projects. We need to start making improvements yesterday and do it aggressively. I call this “an aggressive therapy for reducing healthcare waste by $500 billion.” I can’t even imagine that number, but in America $200 billion would pay for the Affordable Care Act; $300 billion more would start to pay down the national debt. You could reduce Medicare costs dramatically because seniors like me, we’re probably half of the total payout on Medicare.
“This is an opportunity, but it’s going to require everybody get off their keister and embrace Agile Process Improvement and use the tools like the QI Macros to make sure that you sustain the improvement, because most of the time they make improvements and they fall apart, and they make improvements and they fall apart. No, you can’t do that any more. Now it only takes a little bit more rigor to do this; just a little bit more rigor.
“So anyway, I’m Jay Arthur, author of “Lean Six Sigma for Hospitals,” “Agile Process Innovation,” QI Macros [software.] This is my goal for the next five years: to help healthcare achieve this $500 billion savings.
“Now the other great thing that I think will happen out of this is that doesn’t mean people will be unemployed. No, it means we can get more care to people who need care. There’s a lot of them aren’t chasing it because they just can’t… it takes too long, costs too much… They estimate there’s $100 billion dollars in misdiagnosis every year. A hundred billion dollars: misdiagnosis. Ouch.
“All right, so that is my Improvement Insight for this week. Let’s tackle healthcare. Let’s solve this problem that all these politicians are talking about… “Well, gee, we need to tax the rich.” No, we need to reduce the cost of health care, and we can do that by $500 billion dollars in five years if we go after it aggressively.
“That’s my Improvement Insight for this week. Let’s go out and improve something aggressively.”