Latest / Becker’s Healthcare Digital Health + Health IT / Empowering Staff to Thrive: Tackling Burnout with AI in Healthcare Operations - Sponsored by LeanTaaS
Transcript
- 0:00- Hello everyone, and welcome
- 0:01to the Becker's Healthcare podcast series.
- 0:03On today's episode, we're going
- 0:05to listen in on a recent interview between Scott Becker,
- 0:08founder and publisher of Becker's Healthcare
- 0:10and Mohan Gudas, the Chief Executive Officer of Lean Toss,
- 0:14where they discuss artificial intelligence
- 0:16and the healthcare workforce.
- 0:18Thank you all so much for tuning in.
- 0:20Let's go ahead and get started.
- 0:22- This is Scott Becker, the publisher
- 0:24of Becker's Healthcare.
- 0:26We're joined by the Chief Executive Officer of Lean tos, uh,
- 0:30to to have a session to discuss making AI work
- 0:34for the workforce, empowering staff and systems to thrive.
- 0:38We're joined by Mohan Rados, uh, brilliant,
- 0:42brilliant leader, uh, Mohan.
- 0:44I'm gonna ask you for to, to take assessment.
- 0:46We're gonna talk today about making
- 0:47AI work for the workforce.
- 0:49Uh, so much has been discussed about ai.
- 0:52Before we get started, I'm gonna ask you to take a moment
- 0:54to, uh, to introduce yourself
- 0:56and tell us a little bit about yourself,
- 0:58lean Tass, and your background.
- 1:00- Terrific. Thanks Scott. It's terrific to be here.
- 1:02I'm Mohan GDAs. I'm the founder and CEO of Lean Tasks.
- 1:06Lean Tasks is focused on ai, mathematics, data science,
- 1:11and software to unlock capacity in health systems.
- 1:15We currently work with about 180 health systems in the us.
- 1:18About 800 hospitals across the country use one
- 1:22or more of our products.
- 1:24We unlock capacity in three specific areas,
- 1:27infusion centers, where we power, uh, 12,000 chairs,
- 1:31roughly 30% of the infusion capacity in the us.
- 1:35IQ for operating rooms unlocks capacity in ORs.
- 1:39We power about 5,000 ORs in about 500
- 1:43hospitals, uh, across the country.
- 1:45And our third and newest product is inpatient
- 1:48where we unlock capacity
- 1:49and improve patient flow and inpatient units.
- 1:52Uh, we have about 20,000 beds that we currently optimize.
- 1:58- Thank you. And I've watched the growth
- 2:00of Lean Toss over the years,
- 2:01and it's been brilliant to watch this sort of working
- 2:04to make things work better for systems and,
- 2:07and fusion centers and, and a lot more.
- 2:10We're gonna talk today about one
- 2:12of the biggest challenges facing healthcare.
- 2:14This, this lingering workforce shortage
- 2:16and the role that AI powered technology can play
- 2:20to helping a constrained workforce better operate at the top
- 2:24of their business, the top of their license
- 2:25to in a much more efficient, much more efficient way.
- 2:28So, so Juan, let me get started.
- 2:31We, we know that workforce challenges are top of mind
- 2:33for healthcare leaders.
- 2:35Probably nothing more top of mind, both in terms
- 2:37of the rising cost of labor, the shortage of clinicians,
- 2:41and the ability to sort of work through throughput
- 2:43to make things actually work efficiently
- 2:45in this challenging time.
- 2:47The, eh, a's latest, it show
- 2:50that there's been a 20.8% increase in hospital labor cost.
- 2:54And so just trying to make sure things work
- 2:56relatively efficiently.
- 2:58Uh, we've also seen that that increase
- 3:00of 21% almost from 2019 to 2022.
- 3:05There's also, I think the latest numbers
- 3:07that we saw are 33% more open nursing roles now
- 3:12than they were three years ago.
- 3:13Uh, and,
- 3:15and we also have at least a hundred thousand physician
- 3:18shortage, 90 to a hundred thousand physician shortage.
- 3:21And that number with 330 million people in our nation
- 3:24and only 1,000,070 thousand physicians,
- 3:26that gap is becoming bigger
- 3:28and bigger of the sort of clinicians needed, the providers,
- 3:31the nurses, and the techs and
- 3:32everybody else to make these work.
- 3:34And, and let me ask you, you work
- 3:35with more than 200 health systems, more than 5,000,
- 3:386,000 operating rooms.
- 3:40What are you hearing anecdotally from leaders about
- 3:43where this is getting worse, better?
- 3:45The same? What, what are you hearing
- 3:46from people that you talk to?
- 3:48- Scott? That's a huge issue.
- 3:49Staffing shortages have actually been an issue
- 3:52for quite a while, even before the pandemic.
- 3:54What the pandemic did was high heighten the severity
- 3:57of the situation and the urgency for health systems
- 4:01to make a concerted effort
- 4:03to get better at optimizing their approach to staffing.
- 4:07And the reason it's important is it
- 4:09affects all type of staff.
- 4:11Provide a burnout is a real thing.
- 4:14The EHR was supposed to have helped,
- 4:16but instead, providers are spending more time on EHR screens
- 4:20than they are talking with patients,
- 4:22and they have a lot of pajama time,
- 4:24which is their short form for catching up on
- 4:27EHR documentation from home after dinner
- 4:30because they need to do that.
- 4:32Nursing shortage is also real.
- 4:34Hospitals are spending much more money on travelers
- 4:37and on contract nursing than they ever have in the past.
- 4:41So the way this manifests, uh,
- 4:43and we see it every day, is hospitals operating well
- 4:48below their rated capacity.
- 4:50They're running fewer beds than they're licensed to run,
- 4:52or they are running fewer operating rooms
- 4:55than they've actually built.
- 4:57And so this shortage in capacity
- 5:00then affects everything else.
- 5:01And so it's a real problem and, and pretty significant.
- 5:05- No, thank you. And this is what we hear and see as well.
- 5:07So thank you for sharing that vantage point.
- 5:11We toss has products that help sort of work and,
- 5:14and logistics and drive efficiency and throughput
- 5:17and help people manage their operating rooms,
- 5:20their infusion centers, their inpatient bed beds better.
- 5:23How do your solutions help staff do their jobs better
- 5:26and reconnect with the joy, the sort of pleasure of actually
- 5:29practicing or taking care of people versus spending
- 5:32so much time in the e emr,
- 5:33so much time on their own screens?
- 5:35How, how does that help? Uh,
- 5:36how does this help your workforce?
- 5:37The workforce,
- 5:39- If you step back and look at it, optimizing patient flow
- 5:42through a health system has two pieces to it.
- 5:45First is optimizing the utilization of the physical asset,
- 5:49whether it's an operating room, an imaging machine,
- 5:51an infusion chair, or an inpatient bed.
- 5:53And then the second piece is optimizing the allocation
- 5:57of staff associated with that asset in patients.
- 6:00There are two distinct pieces to it.
- 6:02Now, the core concept underlying all
- 6:06of our products is the continuous balance of supply
- 6:09and demand using sophisticated math
- 6:12and AI in manufacturing, if there's an imbalance
- 6:15between supply and demand, you can easily offset it
- 6:18by just changing the inventory level.
- 6:20You either manufacture and put it to inventory
- 6:23or pull it from inventory.
- 6:25Healthcare has to balance it continuously if they don't,
- 6:28because you cannot inventory anything.
- 6:30And if you don't balance it, either a patient waits,
- 6:33which we see all too often,
- 6:35or a provider waits, which obviously is frustrating to them,
- 6:39or an expensive asset just sits idle,
- 6:41we've all seen $5 million MRI
- 6:43and CT machines sitting around with no patient in them.
- 6:47So what our solutions do is first predict the volume
- 6:51and the type of demand with a stunning level of accuracy.
- 6:55You have to predict that at a granular
- 6:57level, highly accurate.
- 6:59Then you have to understand the supply side,
- 7:00what the constraints are, facilities, staff,
- 7:03equipment rooms, et cetera.
- 7:05And then you figure out the optimal allocation
- 7:07between supply and demand
- 7:08to keep patients moving through the system.
- 7:11When we look at most staffing systems that are out there,
- 7:15they've essentially grown up over the last 20 years being
- 7:18time on attendance systems.
- 7:19That's what they were. So they kept track of
- 7:22who worked in which unit, how many hours they worked,
- 7:24was it overtime, was it bonus, double time, et cetera,
- 7:27and how they should get paid.
- 7:29This has nothing to do with optimization.
- 7:31This is a administrative payroll kind of a function.
- 7:34And so what we find is when you do the optimization,
- 7:38the way we are talking about, you can then
- 7:41construct shift schedules and rosters to meet the demand.
- 7:44And then you start making intelligent recommendations.
- 7:48Now, if you think about what burns people out
- 7:51and what, what causes frustration,
- 7:54frontline staff every day
- 7:56are highly skilled people doing menial tasks.
- 7:59They're pulling numbers, they're sending text messages,
- 8:02they're leaving voicemails, they're chasing people.
- 8:05All of this could have been automated.
- 8:07And so we help, we believe
- 8:09that if we help staff anticipate what's coming
- 8:12through prediction, reduce their cognitive overload
- 8:15by making intelligent recommendations so they don't have
- 8:18to think as hard, uh,
- 8:20and then you automate the routine tasks,
- 8:23you will free up their mind space,
- 8:25which then they can go back to doing what they love,
- 8:28which is taking care of patients.
- 8:30And so that is what we believe is the core.
- 8:33- So, so in the ideal situation, a much, much greater fit
- 8:37of supply and demand and,
- 8:39and a lot of taking the logistics, at least the, the out
- 8:43of the, the paper, the logistics, the guessing logistics
- 8:46and so forth so that nurses, physicians,
- 8:48clinicians can spend more time just taking care
- 8:50of patients versus worrying
- 8:52so much about is black time being used as it not being used
- 8:54as this person showing up and they're not showing up?
- 8:56How are we turning over operating
- 8:57rooms and, and everything else?
- 8:59Talk to us now about how AI is gonna sort of help
- 9:04to revolutionize this.
- 9:05There, there's lots of concerns from people.
- 9:08Is AI gonna take away jobs?
- 9:10Is it going to replace human jobs or, or, or,
- 9:14or get, get rid of roles.
- 9:17I mean, we've seen some of this automation in some places
- 9:19where, you know, you go to your bank
- 9:21and there used to be a teller and now it's an ATM,
- 9:23and of course we've all going to love that,
- 9:25but people are still concerned about is this gonna hurt jobs
- 9:28and is this gonna take away jobs?
- 9:30How do you get buy-in from overburdened frontline staff to
- 9:34to, to try and implement some of this technology
- 9:39when some technology that they work with
- 9:41creates more harm than help?
- 9:43You talked about the EMR, and
- 9:44obviously we're not living without the EMRs.
- 9:45EMRs have been extremely helpful,
- 9:47but they have added a level of burden
- 9:50that people didn't expect and exactly.
- 9:52You talked about people coming home,
- 9:53you talked about pajama time, people being at
- 9:54home, working in those things.
- 9:56What mindset shift has to occur for staff to buy into,
- 10:00to feel like AI is helping versus adding more
- 10:02burdens or taking away jobs?
- 10:04How do you sort of get positive clinician buy-in
- 10:08to new technology and AI driven technology?
- 10:12- The first thing is, it's important to be realistic
- 10:14and not over promise what AI can do for the frontline.
- 10:18The way we think about it is it's augmented intelligence.
- 10:22It's not artificial intelligence
- 10:23that replaces the human being.
- 10:25It just gives them a set of recommendations
- 10:28that are intelligent and that they can think about
- 10:32and perhaps consider making.
- 10:35So in our view, the frontline has,
- 10:38has the final mile of decision making.
- 10:41So we prescribe intelligent recommendations,
- 10:43but we expect that the frontline has got clinical context,
- 10:47patient context, provider context,
- 10:49that they should make the final override
- 10:51or go no-go decision on it.
- 10:53The black box should not make the decision for them.
- 10:56So the way we think about it is,
- 10:57imagine the navigation system in your car.
- 11:00It's constantly suggesting an intelligent route to get
- 11:04to your destination faster,
- 11:06but you as the driver can always override it based
- 11:09on your unique knowledge.
- 11:11If it's late at night on the freeway in a not so great part
- 11:15of town, and it tells you, Hey, get off the freeway
- 11:17and you can say five minutes, you might say, yeah,
- 11:20no, I don't want to get off the freeway.
- 11:21Right? So you've applied the last minute judgment
- 11:24that overrides it.
- 11:26What does the navigation system do?
- 11:27It reacts to that and says, fine,
- 11:29and it suggests the next best route.
- 11:31And you can constantly override it
- 11:33until you think it's got a good idea, uh, and you follow it.
- 11:37So what happens over time is the frontline gains confidence
- 11:40that the recommendations are actually intelligent
- 11:43and they start relying on it more and more.
- 11:45And it starts to feel natural, just like we all do
- 11:48with Netflix recommendations when it recommends movies
- 11:51to us, it turns out it's pretty accurate.
- 11:53Or Amazon recommends things for us to buy
- 11:56or on navigation systems, as I said, right?
- 11:58So the same clinicians
- 12:00and providers who are unwilling
- 12:03to accept an AI recommendation at the end of the day,
- 12:06get into the their cars and drive home
- 12:07and happily accept all the navigation
- 12:10system recommendations.
- 12:11And so we just have to, uh, make sure we do that.
- 12:14The other thing we have to do is not pretend
- 12:17to have expertise we don't have.
- 12:19So when we make operational recommendations, we don't try
- 12:22and make clinical recommendations where we are trying
- 12:25to out dock the docs where we pretend
- 12:27to have clinical judgment
- 12:29that exceeds theirs because we don't.
- 12:31So we are very clear that we've got operational expertise,
- 12:34we'll make excellent operational recommendations
- 12:37and leave the clinical judgment to the people who know best.
- 12:41- Thank you. It's a, it's a fascinating
- 12:43and brilliant perspective as to how to look at this
- 12:45and compare it to the sort of navigation system,
- 12:46Netflix suggestions, the Amazon suggestions, right?
- 12:49We get that, the choices and ideas,
- 12:51and then we decide, are we
- 12:52doing this or we're not doing that.
- 12:53Exactly. And I think that's a,
- 12:54a brilliant way to look at it.
- 12:55And all those things, as you know, have gotten
- 12:57so good at making those suggestions.
- 13:00So they're easy to make a choice.
- 13:01I'm gonna continue on my route, I'm gonna take the
- 13:03suggestion, but there's not so much
- 13:05internal fighting over trying to figure out what am I doing?
- 13:07We sort of react to it very naturally
- 13:11from other applications, previous AI
- 13:14and analytics implementation line, what, you know, in, in
- 13:18regarding what have you learned
- 13:21or what have we all learned in healthcare from previous
- 13:23efforts in AI
- 13:25and analytics implementations in healthcare
- 13:27regarding things like stakeholder engagement.
- 13:29How, how much will the stakeholder actually use it?
- 13:31We all, we all are familiar with,
- 13:33you guys have done this brilliant job of making the software
- 13:35and, and, and wing toss on the system
- 13:37that people actually use,
- 13:38but we're all familiar with lots
- 13:39of systems people have bought
- 13:41and they use by 1% of the workforce,
- 13:42or you only use, you know, 10%
- 13:45of the applicability and so forth.
- 13:47What have we learned about stakeholder engagement culture
- 13:49and change management that could be applied now
- 13:52to health systems to make them better users of AI
- 13:55and better users of systems?
- 13:58- I think the first thing is that senior leadership has
- 14:00to buy in into one simple fact.
- 14:04The operational complexity of healthcare has gone up by 10 x
- 14:09or a hundred x in the last 10 or 15 years,
- 14:12but the operational practices have not kept up with
- 14:16that growth of complexity.
- 14:17They still pull dashboards from EHRs.
- 14:19They manually do the best they can.
- 14:22This is just not gonna be good enough on a go forward basis.
- 14:25So senior leadership has to accept that concept.
- 14:28Then they have to be committed to exploring the art
- 14:32of the possible to just start to understand the level
- 14:35of sophistication that's inside things.
- 14:38We take for granted the yield management
- 14:40and airlines, how they fill planes
- 14:42or other com operationally complex environments
- 14:45and how it might be applied to healthcare.
- 14:47Could you just step back for a moment
- 14:49and imagine what would happen if airlines assign seats
- 14:53to passengers the way health systems assign appointments
- 14:56to patients, right?
- 14:58Or if airlines allocated pilots
- 15:01and aircraft to routes the way health system assign ORs
- 15:06to surgeons or service lines, that would just,
- 15:08it would just be permanently gridlocked.
- 15:11And we can see what happens once in a while.
- 15:13There's a big storm or a software outage
- 15:16that throws airline operations outta whack for two days,
- 15:19and it's the news, it's everywhere.
- 15:22The reality is health systems are operating in
- 15:24that state pretty much every day.
- 15:25They're at the edge of capacity, uh,
- 15:28and they're making operational decisions manually.
- 15:30So they are almost operating in that manner every day.
- 15:33So the first thing is you need change the senior leadership
- 15:36to buy into the complexity and it takes different tools
- 15:41and then the mindset to explore the art of the possible.
- 15:43Second is everybody talks about change management
- 15:47and it's very important, but here's the interesting thing.
- 15:50The frontline wants to do the right thing.
- 15:53They want to take care of patients, they want
- 15:55to do it in a safe and effective manner.
- 15:57So you know how to fight the frontline
- 15:59to do something they don't want to do.
- 16:01That's when change management
- 16:02and you're trying to persuade someone
- 16:04to do something they don't want to do.
- 16:06They want to do this, they just need better tools to do it.
- 16:10So if you can persuade them that what we are providing
- 16:14is easy, it's intuitive,
- 16:17and they can do the right thing all the time,
- 16:19it soon becomes in their enlightened self-interest
- 16:21to use the tools, you're now not trying to fool them
- 16:24or persuade them or cajole them or threaten them to use it.
- 16:27They just find it's easier
- 16:29to do the right thing quickly all the time.
- 16:32Think about it, nobody from Uber came to my house
- 16:35to apply change management psychology to me, to convince me
- 16:38to start using the Uber app.
- 16:40It is just the simply the best way to go from point A
- 16:43to point B at short notice.
- 16:45I therefore use it. There was no Uber change management, uh,
- 16:48school that they had to run for me.
- 16:50So that's what we aspire to do with our tools.
- 16:53Make it easy and intuitive
- 16:54to do the right thing all the time.
- 16:57- No, and it's, and it's so critical that ease of usability
- 17:01so people can, can start to plug in
- 17:03and use it without feeling like there's incredible learning
- 17:06curve or incredible challenges to it.
- 17:09To, to, to making it useful
- 17:11and not having to go through an incredible amount
- 17:13of change management, but actually easy to use.
- 17:16You start to adopt it, you start to use it and,
- 17:18and you love it and it makes sense to do the right thing.
- 17:21I I love that perspective.
- 17:23One of things that's being talked about right now, just to,
- 17:26to take it to one further
- 17:28diving into the workforce issue on this,
- 17:30is there's a tremendous amount of clinician burnout.
- 17:34You know, different articles talk about, there's a,
- 17:36a recent article journal of general internal medicine report
- 17:40that shows 50% of all healthcare professionals are,
- 17:43are burnt out some way
- 17:44or another are, are at least facing burnout.
- 17:47How can technology positively impacts staff burnout versus
- 17:51being another burden on top of, of people
- 17:53or just sort of operationally,
- 17:56but aside from sort of improving operational metrics,
- 17:58helping us deal with supply
- 18:00and demand, how can it actually help sort
- 18:02of clinician burnout and,
- 18:04and positively impact the human situation?
- 18:08- Let's think about all the things that cause stress.
- 18:12Operating at the edge
- 18:13of capacity every single day is exhausting.
- 18:17Imagine if you had to drive in rush hour traffic nonstop
- 18:20for eight to 10 hours every single day, right?
- 18:23We get away with rush hour traffic
- 18:24because an hour in each direction and we call it a day.
- 18:27But the, the frontline staff is living in rush hour
- 18:30conditions where everything is a crisis
- 18:33and everything comes at them.
- 18:34So that's one source of, uh, exhaustion that comes in.
- 18:39Spending a large chunk of your day doing routine
- 18:42mundane tasks that are way beyond your skilled
- 18:44licensed level is frustrating.
- 18:47And yet we force our frontline
- 18:49to do a lot of mundane things.
- 18:51And here they are highly qualified nurses and caregivers
- 18:54and we are forcing them to pull data from spreadsheets
- 18:57and cut and paste into things.
- 18:59Having the staff feel overwhelmed all the time where
- 19:03they're reacting to issues one at a time, somehow getting
- 19:08through it only to have the next issue and the next issue
- 19:11and the next issue come at, come at them like a tsunami.
- 19:14They somehow power through it, get through the day,
- 19:17and then like groundhog data will happen again tomorrow.
- 19:20That is stressful. Imagine if they could anticipate the
- 19:23issues, prepare for it in advance
- 19:25and not have to deal with it, right?
- 19:27Just think about going through life.
- 19:28If everything was a surprise to you,
- 19:30life would be a lot more stressful than if you could plan
- 19:33what's happening today, tomorrow, next week, next month.
- 19:36And then finally, they are forced to make decisions
- 19:39that are not just minor decisions.
- 19:42They impact a patient's health, maybe their life,
- 19:44and they don't have all the information at their fingertips.
- 19:47They don't have access to everything they need.
- 19:49And that creates anxiety that I am,
- 19:51I sure I'm doing the right thing.
- 19:52And, and so we've got many things
- 19:55that create the perfect storm from the manual tasks
- 20:00to the being overwhelmed to, you know,
- 20:02not having all the information at your fingertips
- 20:04that causes the, the stress.
- 20:06And we think that our approach to it can, uh, uh, you know,
- 20:10can solve many of the problems.
- 20:11Obviously we can't solve every problem in front of them,
- 20:14but we can do a lot to alleviate,
- 20:16alleviate the stress in the burnout.
- 20:19- But, but your point on this concept
- 20:20of living in a relatively constant fire trail,
- 20:23and it's not always the case, but it's,
- 20:25but it's a lot the case reminds you of
- 20:27where when travel goes wrong
- 20:29and how stressed out the staff
- 20:30is 'cause travel has gone wrong.
- 20:32'cause they're dealing with every single person trying
- 20:33to change and figure out what flight to get on,
- 20:35and they don't necessarily have all the logistics to do it.
- 20:37Well, is is the situation you're talking about,
- 20:39that stress level is very constant in,
- 20:41in large health systems.
- 20:43And so your point on how can we make that more planned,
- 20:46more, more systematic, a a little bit less stress,
- 20:49a little bit less fire drills goes a long way in terms
- 20:52of making just the environment easier
- 20:53to work in? , you're
- 20:55- Exactly right, Scott.
- 20:56They, they call it, uh, airlines, call it iop,
- 20:58irregular operations.
- 21:00So when, uh, there's a storm in Chicago
- 21:01and 2000 people have missed their connecting flights
- 21:04and you need to rebook them,
- 21:06there's a whole different method that comes into play
- 21:09where the airline is in IOP mode,
- 21:11where they're in irregular operations
- 21:13and their goal is to get out of IO into regular operations
- 21:16as quickly as they can.
- 21:17And your point's exactly right,
- 21:19health systems are often operating always in IOP mode,
- 21:23and that's what, uh, is stressful.
- 21:26- That sounds exactly right.
- 21:28You and a colleague,
- 21:29co-authored the book on hospital operations,
- 21:32a brilliant book on Better Healthcare
- 21:34through math is I think the title of, I've got that right.
- 21:37Is it, is that right? That's right.
- 21:39In in the year ahead,
- 21:41what do you anticipate will be the biggest,
- 21:44the single biggest challenge that
- 21:46that hospital executive teams and leadership teams face?
- 21:49And, and, and how can leaders stay ahead of that now?
- 21:51What, what are the biggest challenges
- 21:52or the biggest challenge that
- 21:53operations teams are gonna face?
- 21:55- Yeah, so staying on the operational side,
- 21:56because obviously clinical, there's a whole bunch of things.
- 21:58We are not expert on the clinical,
- 22:00but if I think about the single biggest challenge from an
- 22:03operational perspective for health system leaders is
- 22:07to do more with the existing assets
- 22:10and the existing staff that are already in place now, right?
- 22:14In the past, health systems could simply build their way
- 22:17out of operational problems.
- 22:18When they ran into operational problems,
- 22:20they constructed more hospitals, put in more ORs,
- 22:23put in more inpatient units,
- 22:25built ambulatory facilities, they kept building.
- 22:28Now they are under enormous pressure from many directions.
- 22:32Demand is going up. We've got a aging population,
- 22:34more chronic illnesses, reimbursement levels are down,
- 22:38input costs, particularly labor are rising like crazy.
- 22:41So that makes it, uh, that makes it particularly hard.
- 22:45And the result of all
- 22:46of these forces is the financial performance
- 22:48of most health systems has deteriorated right now.
- 22:52Therefore, they have to do more with less.
- 22:53If you look at asset utilization broadly
- 22:57measured in healthcare,
- 22:59it lags every other asset intensive service
- 23:02business by a lot.
- 23:04Now, some of it's not controllable.
- 23:06Other service businesses can operate
- 23:0724 hours around the clock.
- 23:09Healthcare essentially is at best a 12 hour operation.
- 23:12It's a 7:00 AM to 7:00 PM kind of operation.
- 23:15So by definition, if you are perfect,
- 23:17you can be 50% utilized.
- 23:18So that's, uh, you know, a starting point that's,
- 23:21that's difficult, but they can do much better.
- 23:25And if you looked at what is the value at stake,
- 23:28there are 5,000 hospitals in this country.
- 23:30On average, they have three
- 23:31or $400 million in assets, not counting real estate.
- 23:35So an or is 10
- 23:36or $15 million, an imaging machine is three or $4 million.
- 23:39Inpatient units are expensive.
- 23:41Three or $400 million per hospital across 5,000 hospitals
- 23:46is $2 trillion of assets.
- 23:49If you unlock 10 points of productivity,
- 23:52you can pump $200 billion of value
- 23:55per year into this country's healthcare system, right?
- 23:58That means it's 30 or 40 million per hospital, which is
- 24:02straight bottom line effects.
- 24:04And if you did that, it's a boost to the bottom line.
- 24:07But more importantly, it has the ability
- 24:10to serve patients more effectively, more access,
- 24:12better service, faster throughput, less wait time.
- 24:15And so the value at stake is enormous.
- 24:18And that's kind of our sole focus on what we're trying
- 24:21to deliver to our customers every day.
- 24:24- No, thank you for that.
- 24:25I mean, uh, unlocking that value in those assets
- 24:27that are already there versus building more assets,
- 24:30you know, and, and, and tying it back
- 24:32to the patient, into the workforce.
- 24:35This critical concept of reducing burnout
- 24:39by making life
- 24:41and work a little bit more manageable by,
- 24:43by having better predictability, better analytics,
- 24:46better recommendations on how to, how to manage operations
- 24:50or, or, or, or better tools is so important.
- 24:54Mohan, as always, I want to thank you
- 24:56for taking the time to visit with you.
- 24:58To me, I always learn a lot when I speak to you
- 25:01and your leadership about sort of hospital operations and,
- 25:05and how, you know, the supply demand,
- 25:07the logistics can be better managed and,
- 25:10and how you're doing that at 5,000 plus operating rooms,
- 25:12hundreds and hundreds of infusion
- 25:14centers and, and a lot more.
- 25:15Thank you for joining us on this discussion, sort
- 25:18of AI in the workforce, empowering staff
- 25:21and systems to thrive.
- 25:23So, so important to, to make things more predictable,
- 25:25getting outta what you call this IROC concept,
- 25:28this a regular operations concept of a constant fire drill,
- 25:31which causes so much, so much stress and so much burnout.
- 25:34Moan, thank you very much for, for visiting. Thank you,
- 25:37- God, great to chat with you as always.
- 25:38Thank you.
- 25:40- Well, thanks again to our listeners for tuning in today.
- 25:43I'd also like to thank Lean Toss
- 25:44for sponsoring this episode.
- 25:46You can tune into more podcasts from Becker's Healthcare
- 25:49by visiting our podcast page at becker's podcast.com.