In a panel discussion on driving hospital performance, speakers discussed the importance of providing higher quality healthcare at less cost. Thomas Dolan, president and CEO of the American College of Healthcare Executives, observed that the industry has "finally" embraced the reality that high quality healthcare costs less. He cited Six Sigma methodologies and waste reduction as means for increased cost reduction.
Richard Miller, president and CEO of Virtua, concurred that healthcare cost, quality and safety are not separate topics, and recommended that health systems begin by building their cost models around quality. "The economics will be ours to run," he said. "We have to build this continuum of care with an economic model around it."
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