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Value RX: Giving Patients a Voice

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Presented to multiple Health Care organizations about the power of social interactions and communications to the healthcare industry

Presented to multiple Health Care organizations about the power of social interactions and communications to the healthcare industry

Published in Business
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  • Three approaches cost, FMV, discounted cash flow all assets are measurable everything that is intangible has tangible measures

Transcript

  • 1. ValueRx [email_address]
  • 2. Its time to Play Jeopardy Please phrase all of your answers in the form of a question!
  • 3. The categories for today are
    • CREATING VALUE IN BUSINESS
    • IS HEALTH CARE DIFFERENT?
  • 4. 1st Category: Creating Value
    • $100 -- The Patriots
    • $200 – It can help with your spelling
    • $300 -- Trees are worth $150 here
    • $400 -- It was invented in 1494
  • 5. 2nd Category: Is HC Different?
    • $100 – They are called patients
    • $200 – Peers are preferred source
    • $300 – Even not-for-profits measure it
    • $400 – Every one uses it
  • 6. The numbers tell all… 0 500 1,000 1,500 2,000 2,500 3,000 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 Year Market Value Book Value Millions ($) 2001
  • 7. … for Health Care as well 0 500 1,000 1,500 2,000 2,500 3,000 3,500 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 Year Market Value Book Value Millions ($) 2001
  • 8.
    • Invest in relationships
    • Understand the risks
    • Get and stay connected
    • Measure what matters
    The 4 Rules of Success
  • 9. Its Now Time for Double Jeopardy All the dollar values are doubled
  • 10. A : AOL has 200 M of them Q : What are customers?
  • 11.  
  • 12.
    • Rule 1: Invest in relationships
    • Old: Buildings and money
    • New: Customers, Employees, Providers
    • Next: All of the above
  • 13. A : It was worth $80 billion Q : What is (was) Enron?
  • 14.  
  • 15.
    • Rule 2 : Understand risks
    • Old: Avoid them
    • New: Quantify them
    • Next: Manage them
  • 16. A : “Can you hear me now? Q : What is technology?
  • 17.  
  • 18.
    • Rule 3 : Get and stay connected
    • Old: In Doctor’s offices
    • New: Across the organization
    • Next: With everyone, everywhere: 24 X 7
  • 19. A : Every business uses it Q : What is GAAP?
  • 20. Liabilities Assets Balance Sheet Net Worth Revenues Expenses Income Statement Net Income
  • 21.  
  • 22.
    • Rule 4 : Measure what matters
    • Old: Tangible assets
    • New: Intangible assets
    • Next: Everything
  • 23. Final Jeopardy Rules for Success
  • 24. The final categories
    • My Family
    • Today’s take-a-ways
  • 25. A : My wife was right Q : What is everything?
  • 26.  
  • 27.
    • Invest in relationships
    • Understand risks
    • Get and stay connected
    • Measure what matters
    The 4 Rules of Success
  • 28. “ If I fulfill this oath and do not violate it, may it be granted to me to enjoy life. If I transgress it…may the opposite of all this be my lot." -- Hippocrates, 377 BC
  • 29. Thank you!