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Bobby Frist Keynote Summit 2008

Oct 22, 2014

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Health & Medicine

Keynote Address at Summit 2008 by Bobby Frist, Chief Executive of HealthStream.
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Page 1: Bobby Frist Keynote   Summit 2008
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Creating Excellence in Healthcare

Robert A. Frist, Jr.

Chief Executive Officer

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99 HealthStream Customers Achieved Magnet Status

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2008 100 Most Improved Hospitals

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2008 100 Most Improved Hospitals

58% HealthStream Customers

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Thompson-Rueters Top 100 Hospitals 2008

33% HealthStream Customers

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Global Launch of Exclusive New Product

1pm Tomorrow!

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To improve the quality of healthcareby developing the people that deliver care.

VISIONHealthStream’s

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To advance healthcare organizations through continuous measurement and adaptive learning solutions, resulting in

improved patient care, increased productivity, rapid assimilation of new practices, enhanced compliance, and better outcomes.

MISSIONHealthStream’s

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Specialty Healthcare Resources

• Clinical Experts• Research Consultants• Client Executive Consultants• Medical Librarian• Accreditation Experts

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18 Themes

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Case Studies of

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The CHI Value Chain

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Achieve Business & Clinical Outcomes

1. Reduction in nursing turnover2. Employee, patient, physician satisfaction 3. Aligned management4. Engaged employees5. Effective leadership

Goal

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• Established Measurement Program – Employee, Leadership, Physician, Patient

• 27 measures used to assess chevrons in Value Chain• Targeted areas for improvement• Expanded education services to accelerate learning & change

Action

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• Organizational Alignment• Ability to target efforts for high impact• Improved satisfaction among employees, patients, physicians• Less staff turnover• Engaged employees

Results

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CHI Presentations at Summit 2008

Susan Almond

Colleen Elliott

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Achieve Magnet Recognition

Goal

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Action

• 18-month application process• Used HLC to assign & deliver courses in support of

Magnet requirements• Used Authoring Center to create custom courses• Produced numerous reports via the HLC

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Results

• Achieved Magnet Status in June 2007 • Nursing staff completed over 100,000 education courses• Produced hundreds of required reports

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To decrease unexpected events in the med-surg units, recognize signs of patient decline, and initiate calls to their

Rapid Response Team.

Goal

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45 RNs completed an online scenario-based course, “Rapid Response in Medical-Surgical Units.”

Action

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Compared outcomes 3 months prior and after staff completed the course

• 30% increase in calls to the Rapid Response Team• 2 fewer unexpected codes• No episodes of failure to recognize signs of patients’

declining condition

Results

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U.S. Demographics & Trends

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PopulationU.S. Population Trends and Projections by Age, 1980-2050

85+ Years

65-84 Years

20-64 Years

0-19 Years50

100

150

200

250

300

350

400

450

500

1980 1990 2000 2010 2020 2030 2040 2050

Mill

ions

Source: American Hospital Association 2008

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U.S. Life ExpectancyBy 2030, the over-65 population will nearly double

Source: CDC 2008

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Percent of People with Chronic Conditions by Type

8.8%

10.7%

11.1%

12.3%

15.8%

20.0%

20.9%

33.9%

12.5%

0% 10% 20% 30% 40%

Chronic Respiratory Infections

Asthma

Eye Disorders

Diabetes

Heart Disease

Arthritis

Respiratory Diseases

High Cholesterol

Hypertension

Percent of Noninstitutionalized Individuals

Source: American Hospital Association 2008

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Healthcare Industry Trends

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National Expenditures on Health Services and Supplies as a Percentage of GDP

U.S. GDP 2006

Health Services

and Supplies,

14.9%

Other Sectors,

85.1%

$1.97 Trillion

Hospital Care, 33%

Physician Services, 23%

Prescription Drugs, 11%Nursing Home Care, 6%

Other, 27%

Source: American Hospital Association 2008

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Number of Full-time and Part-time Hospital Employees,1993 – 2006

4.04.14.24.34.44.54.64.74.84.95.05.15.2

93 94 95 96 97 98 99 00 01 02 03 04 05 06

Mill

ions

Source: American Hospital Association 2008

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Allied Healthcare Workforce is in Demand

The following growth rates are projected through 2010, according to the BLS.

Medical Assistants 59.8%Physician Assistants 57.0%Medical Records/Health Information Technicians 54.1%Physical Therapists 36.7%Radiologic Technologists/Technicians 23.5%Clinical Laboratory Technicians 18.0%

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National Supply and Demand Projections for FTE RNs, 2000 – 2020

RN FTE Supply

RN FTE Demand

1,500

1,700

1,900

2,100

2,300

2,500

2,700

2,900

2000 2005 2010 2015 2020

FTE

s (T

hous

ands

)

Source: American Hospital Association 2008

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Percent of Hospitals Reporting Impacts of Workforce Shortage

6%

8%

9%

13%

13%

17%

17%

21%

35%

36%

49%

ED Overcrowding

Diverted ED Patients

Reduced Number of Staffed Beds

Increased Wait Times to Surgery

Discontinued Programs/ Reduced Service Hours

Delayed Discharge/ Increased Length of Stay

Cancelled Surgeries

Curtailed Acquisition of New Technology

Curtailed Plans for Facility Expansion

Source: 2007 AHA Survey of Hospital Leaders

Decreased Patient Satisfaction

Decreased Staff Satisfaction

Type

of I

mpa

ct

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Pivotal Healthcare Movements

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Quality Movement in Healthcare

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Quality Movement in Healthcare

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Quality Movement in Healthcare

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Quality Movement in Healthcare

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Quality Movement in Healthcare

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Quality Movement in Healthcare

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Consumer-Driven Healthcare

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Public Reporting

Source: Improving America’s Hospitals: The Joint Commission's Annual Report on Quality and Safety, 2007

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Research and Learning Challenges

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Patient Safety Continues to Be a Top Priority

81% of healthcare organizations are actively taking steps to improve patient safety

70% of healthcare organizations consider learning to be key in developing a patient safety culture

Competence to perform job responsibilities is assessed, demonstrated, and maintained.The Joint Commission Standard HR.3.10

Quality Challenge

2008 Agency for Healthcare Research and Quality (AHRQ)

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Training Supports Strategic Goals —Including Patient Safety

Status of training in hospitals is increasing—as workforce development is linked to improved patient care.Nursing Research, Jan-Feb 2008

Online education program improved cardiac examination skills better than clinical training alone.Journal of Hospital Medicine, April 2008

Response

2008 Bersin & Associates

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Budget Challenge

Healthcare Organizations’ 2008 Learning Staff and Budgets Remain Relatively Same as 2007

77% Same # of Staff as Last Year 1% Increase in Budget over Last YearAHRQ 2008

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Technology Offers Efficiency and Quality

Among Healthcare Organizations, Self-study e-Learning + Online Instructor-led Training Accounts for 40% of training!

e-Learning 26%Online Instructor-led Training 14%Total 40%

Response

2008 Bersin & Associates

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Training Challenge

Increased Need for Leadership Development

• Only 31% of nurse managers possess a graduate degree—which is the minimum recommended by AACN & AONE The Journal of Continuing Education in Nursing, 2007

• Only 12% of learning content in hospitals is focused on managerial/supervisory skillsASTD, 2007

• Only 19% of hospitals provide external professional development for physician leaders Spectrum, 2005

2008 Bersin & Associates

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Mandatory Compliance TrainingSqueezes Courseware Budget

Top 2 Priorities Compliance Training 18%Management Training/IT/Systems Training 12%

Response

Among Healthcare Organizations, Compliance Training Receives the Greatest Amount of Funding Relative to Other Courseware

2008 Bersin & Associates

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Measurement Challenge

Need for Continuous Data Collection

“… Healthcare organizations are being challenged to meet the data demands of a growing number of mandatory and voluntary measurement projects. For healthcare organizations, the “measurement monster” may seem impossible to tame.”Frontiers in Health Services Management, 2007

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Response

Surge in Technology Utilization

“Full implementation of networked e-health records (EHR) in U.S. doctors’offices and hospitals could cost around $150 billion over eight years”Robert Miller, PhDUniversity of California, San FranciscoJuly, 2008

“52% of respondents to the HIMSS Annual Leadership Survey cited error reduction and safety as key drivers in technology adoption”HIMSS, 2007

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Operating Margin By Employee Satisfaction

0.2%1.4%

4.8%6.0%

0%

2%

4%

6%

8%

1st Quarter(3.44)

2nd Quarter(3.61)

3rd Quarter(3.71)

4th Quarter(3.82)

Employee Satisfaction

Ope

ratin

g M

argi

n

Employee Satisfaction and Retention

Workforce Challenge

As Employee Satisfaction Increases, Profit Margins Tend to Increase

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Response

Sharing Research Results Increases Employee Satisfaction & Retention

“Reviewing Survey Results: How the Best Managers Succeed” HealthStream Research, 2007

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HealthStream LaunchesCommunity Site

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Our Community: Many Heroes in Action

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Contribute to the HealthStream community by sharing your success story at

www.healthstream.com/mysuccess