Experience a content-rich and thought-provoking podcast with other healthcare professionals and founders who are experts in their field. Every week, with host Tammera Hollerich, Everything Is Up exploring the current healthcare system, how to optimize it, and challenges that people face within it. On this episode, Tammera interviews Nelson Griswold, the founder and CEO of NextGen, a Tennessee-based healthcare consulting firm and co-founder of a peer-to-peer network of healthcare advisors and consultants, about patient outcomes and the impact of the healthcare industry. Nelson shares his thoughts on the current system, current challenges and practical solutions for employers. In addition, Nelson and Tammera talk about the importance of quality and cost when purchasing health care, how a next-gen approach can improve employee satisfaction, and the need for a fiduciary responsibility to shareholders. Join Tammera and Nelson to gain insightful and valuable information that may prove life changing.
Topics Discussed and Key Points:
-The Importance of Quality when Purchasing Supplies
-The Dangers of Not Having Access to Quality Data in Medical Care
-The Challenges of Finding and Retaining Talent with Next Gen Benefits
-The Benefits of Next Generation Healthcare Plans
-The Power of Big Health Care Companies: A Leader's Dilemma
-The Risks of Relying on Insurance Companies for Health Care Coverage
-The Accuracy of Medical Diagnoses and Second Opinions
-The Benefits of Getting a Second Opinion from a Doctor
-The Role of Status Quo Brokers in Helping Clients Manage Healthcare Spending
-The Role of the CEO in Financial and Strategic Conversations
-The Consequences of Overspending in Business
-Thank You to Nelson Griswold for Contributing to Education
Timestamps:
[00:04:57] The Importance of Quality when Purchasing Supplies
[00:09:14] The Dangers of Not Having Access to Quality Data in Medical Care
[00:13:26] The Challenges of Finding and Retaining Talent with Next Gen Benefits
[00:17:42] The Benefits of Next Generation Healthcare Plans
[00:22:08] The Power of Big Health Care Companies: A Leader's Dilemma
[00:27:10] The Risks of Relying on Insurance Companies for Health Care Coverage
[00:31:49] The Accuracy of Medical Diagnoses and Second Opinions
[00:36:18] The Benefits of Getting a Second Opinion from a Doctor
[00:40:31] The Role of Status Quo Brokers in Helping Clients Manage Healthcare Spending
[00:44:53] The Role of the CEO in Financial and Strategic Conversations
[00:49:20] The Consequences of Overspending in Business
[00:53:29] Thank You to Nelson Griswold for Contributing to Education
Notable Quotes:
"It sharpened their steel. Iron sharpen the iron, steel, sharpen steel."
"You're being forced to play Russian roulette with your health and your life."
"Maybe you get that exceptional surgeon or that really safe hospital. But maybe you don't. Maybe you get a surgeon who has 3 or 4 active malpractice suits and or a hospital or surgery center that has a high infection rate."
"It's not just the highest quality that's accessible and affordable. And that all flows downhill to the company. Right? At the end of the day, it's not just the employees who benefit. The company is saving money, but providing a."
"It's no inducement to take a job with you. It's no, it's no inducement to stay."
"If you are designing a health plan for your company and for your employees, And for yourself? It was made for you and your family. Right. You and your family. Would you create a health plan that gave employees, including your family, guidance -- information and guidance around the quality of the outcomes of doctors and healthcare facilities."
"It's the least expensive way to confirm that my doctor's right or my doctor's not right. No insurance company, not 1 0, requires a second opinion. Why? I don't know.""
"You cannot leave it to them and I'm going to tell the CEO and CFO to listen. You cannot leave it to your employee. You can't."
"Healthcare is a let me read. The conversation about your health care spend is a strategic and financial conversation. It has nothing to do with deductibles It has nothing to do with enrollment. It has nothing to do with plan design. It has to do with how you are allocating this money every year that comes off your bottom line."
"If I could prove to you that for the last several years, every year you've overpaid by at least 15 percent on your steel contracts. Would you want to know?"
"And I can assure you, on your healthcare spend, which is your third largest contract behind steel. You're overspending by 15 to 20 percent a year. Easily. And I can prove it."
Resources:
Connect with Tammera Hollerich
Connect with Nelson Griswold
Call to Action
If you enjoyed this podcast and want to support us, please subscribe on the platform you listen to podcasts from, leave a review and share with your friends. We’d greatly appreciate it!