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Business of Healthcare

Apr 5, 2018

Chuck Stokes was a key voice in ACHE prioritizing patient safety. Medical error has now risen to be the third leading cause of death in the United States: the equivalent of a fully loaded 737 airplane crashing every 7 hours.  

While the business case for patient safety is compelling in a fee-for-service world, the journey to fee-for-value will better align incentives. Stokes believes the journey to value requires emerging healthcare leaders to have innovation skills to address three systemic challenges: individual lifestyle accountability (such as Memorial Hermann’s policy of not hiring smokers), health system waste and ethical end-of-life care.

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