Scott Becker, in Becker’s Hospital Review, translates the ideas of Harvard Business School Prof. Michael Porter and Thomas Lee in looking at how to succeed in healthcare in the next couple of years as including:
* Building a dominant healthcare system for maximum pricing power.
* Applying the ”80/20 rule” to most opportunities, talent, revenues and cost areas. The rule basically means mean that 80 percent of your outcomes come from 20 percent of your inputs.
* Testing new areas but doubling down on winners.
* Embracing ownership of physician practices.
Of course, some of these ideas are recycled banalities — or just sense for sale at very high hourly rates.