World Summit on Management Sciences
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Accepted Abstracts

Ten CEO Imperatives for Healthcare Transformation: Lessons from the Best

J Seth Chatfield*
Shenandoah University, USA

Citation: Chatfield JS (2020) Ten CEO Imperatives for Healthcare Transformation: Lessons from the Best. SciTech Management Sciences 2020.

Received: July 07, 2020         Accepted: July 11, 2020         Published: July 11, 2020

Abstract

The transition from a delivery model based on volume to a model based on value is underpinning an unprecedented rate of change in healthcare. Our research identifies academic medical centers that have successfully moved their organizations from a volume-based care delivery model to a model that is based on value, achieving top decile performance in the transition. We asked senior leaders about their key imperatives in achieving system-wide healthcare transformations. Major teaching hospitals were sampled using data envelopment analysis to identify hospitals that produced the best value-based purchasing process of care, Hospital Consumer Assessment of Healthcare Providers and Systems scores, and mortality scores with the most efficient utilization of human and financial organizational resources. On-site interviews were conducted with the CEOs of the top-performing hospitals. Content analysis of the transcribed interviews revealed 10 clear imperatives that our sample of CEOs said were essential.