Latest / Becker’s Healthcare Digital Health + Health IT / Dr. Feby Abraham, Executive Vice President and Chief Strategy and Innovations Officer at Memorial Hermann Health System
Transcript
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- 0:25- Welcome back to the Becker's Healthcare Podcast, vote
- 0:28of the people who power us healthcare.
- 0:29I'm Molly Gamble, Becker's
- 0:31and delight to have you join us for another episode filled
- 0:33of insights from healthcare leaders today, from Dr.
- 0:36Febby Abraham, executive Vice President and Chief Strategy
- 0:39and Innovations officer with Memorial Herman Health System.
- 0:43Dr. Abraham, welcome. Thanks so much for joining me today.
- 0:45How are you? And where does the podcast find you?
- 0:49- Hi, Molly. This is very, uh,
- 0:51very glad to be talking to you.
- 0:53Uh, I am in Houston and today
- 0:56and, uh, we just wrapped up a very amazing rodeo season.
- 1:00It was one of the most attended rodeo seasons in Houston
- 1:03after the pandemic, and we saw record visits
- 1:06of people visiting the rodeo.
- 1:09And personally, I just came back from, um,
- 1:12a time in the slopes, uh, right after spring break.
- 1:15Uh, good to be speaking with you today.
- 1:18- Likewise, thank you so much.
- 1:19That's a dynamic update rodeo
- 1:21season and time with the slopes.
- 1:23But outta curiosity, when is the typical rodeo season?
- 1:26Like, when does it start and, and end?
- 1:29- It typically starts with the third week of February
- 1:32and goes on till about the second, third week of March.
- 1:35- March. Okay. Got it.
- 1:36Well, I'm, I'm happy to hear that for Houston
- 1:38and the area that it was a robust one.
- 1:40Um, Dr. Abraham, you know, at Memorial Hermann,
- 1:43can you get us up to speed on what you are spending most
- 1:46of your time and energy on as of late?
- 1:48What's commanding most of your attention lately?
- 1:52- Yeah, as you know, the healthcare environment nationally
- 1:56and within Houston is evolving quite rapidly.
- 2:00We have, um, going, we are going through an environment
- 2:03where we're spending almost four
- 2:05and a half trillion dollars on healthcare expenditures.
- 2:08And as you know, the outcomes
- 2:10that we have in the United States are not among the best.
- 2:13In fact, if you stack us against the top OECD nations,
- 2:17we lag on pretty much most of the critical metrics.
- 2:20So we spend more, we don't get a whole lot
- 2:23of outcomes in relation to that.
- 2:25That said, we are investing a whole lot in innovations,
- 2:28patient experience, and, um,
- 2:32and generally the satisfaction have areas of opportunity
- 2:36as we all can attest to.
- 2:37So those are some of the things that dovetail into
- 2:40where I'm spending most of my time.
- 2:42Uh, and specifically what that means is I'm focused on, uh,
- 2:46for the system and, and to shape its strategy,
- 2:48building healthy, healthier communities for now
- 2:51and generations to come, which is Memorial Hermann's vision.
- 2:54And in support of that vision, uh, we really are sort
- 2:57of focused on a improving access for all the Houstonians
- 3:00and the communities we serve.
- 3:02B, how do we sort of improve our value proposition to, uh,
- 3:08generate the next generation outcomes
- 3:09that the communities have expected of us
- 3:11and we've been doing for several years.
- 3:14But on top of that to, as I was mentioning earlier,
- 3:17to reduce the total cost of care
- 3:19and keep people healthy as opposed
- 3:20to just offering sick care.
- 3:22So expanding the remit of our mandate to go
- 3:26beyond, uh, really awesome clinical care and,
- 3:30and hospitals to have more access points into the community
- 3:34where people can rely on our expertise to take care of them
- 3:38and their health needs, uh,
- 3:40not only when they require, uh, sick care.
- 3:43Mm-Hmm. . Third area that I'm focused on is
- 3:45to really improve digitization and the use of technology
- 3:48and AI in the industry.
- 3:50That can come in many ways, right?
- 3:52One, it can improve, uh, the productivity of our workforce,
- 3:56whether it's a clinical workforce, uh, that is a doctor
- 4:00or a nurse, an administrative workforce,
- 4:03somebody who's working in billing or collections
- 4:05or, uh, you know, in the call center, um,
- 4:09or somebody who's actually doing in the operational
- 4:11workforce, which is, you know, uh, taking care of the, the,
- 4:15the facilities, whether they are clinics or our hospitals.
- 4:18And we can attest that AI technology
- 4:21and digitization can not only improve the productivity
- 4:24of all of that and, and, uh,
- 4:25provide a seamless workforce experience,
- 4:28which can help reduce burnout challenges,
- 4:31which we know is right from the, uh, industry.
- 4:33And as we learn through the pandemic was a big topic
- 4:37that we all as health system leaders have been working on.
- 4:41But at the same time, it can also help improve, uh,
- 4:44the patient experience
- 4:45and their navigation of the, their healthcare journey,
- 4:49both in terms of keeping their health,
- 4:50but also in how they engage with health systems.
- 4:53So we've been making, at Memorial Hermann a lot
- 4:56of investments and partnerships
- 4:58and innovation bets in the leveraging
- 5:01how technology is further integrated across our workflows so
- 5:06that we can improve both our productivity as well as, um,
- 5:10the, the patient experience.
- 5:12Uh, and then the fourth area I'm spending a lot
- 5:15of time on is how do we sort of provide a community health,
- 5:20uh, focus that can improve the health of all, uh,
- 5:24all Houstonians, not just the ones who can come
- 5:27and access to it through a insurance product,
- 5:30but who are underserved, who maybe don't have an, uh,
- 5:33insurance today and are not taking
- 5:35appropriate care of their health.
- 5:37How do we better support them, uh,
- 5:39but through the right tools so
- 5:41that they can take care of their health more?
- 5:43And in order to do all of these things, um, we have defined,
- 5:48you know, what are some of those big
- 5:49priorities that we want to do?
- 5:50How do we do that? And we've, uh, really expanded the range
- 5:54of how we work with, uh, external partners as well
- 5:58as invest in internal capabilities to provide some of these,
- 6:02um, these things I mentioned, uh,
- 6:05we've launched something called an innovation hub where I'm,
- 6:07which I'm truly passionate about in trying to, uh, test some
- 6:12of these solutions, uh, in a small scale
- 6:14and understanding better how they work
- 6:16before we sort of expand them across
- 6:18the platform in a large scale.
- 6:20And we've also launched
- 6:21and, um, really rapidly scaled up a direct investments
- 6:26platform where we support many of these innovation
- 6:29companies, uh, uh, innovative companies in their remit
- 6:33to build products and solutions
- 6:34that solve some of these pain points.
- 6:38- I mean, Dr. Abraham, there's, there's a lot there.
- 6:40And I'm, I'm gonna dig into a few of these things in,
- 6:42in greater detail in just a moment,
- 6:44but I, I should also remind listeners and,
- 6:46and check in with you on the fact
- 6:48that you joined Memorial Hermann
- 6:50and are now heading up innovations and strategy
- 6:53after more than a decade with McKinsey.
- 6:56And I, I was curious too,
- 6:58before we dig into some of the points you raised about
- 7:00where you're spending time, you know, what did you find
- 7:03to be the most noticeable differences
- 7:05about healthcare strategy moving from the consulting
- 7:09or advisor side of the aisle to actually being in the game
- 7:13at a large integrated health system like Memorial Hermann?
- 7:17- I think you, uh, touched on a very, um,
- 7:21critical component of that answer.
- 7:22It's a great question, Molly, in terms of, uh,
- 7:24being in the game, but I, I, I, I fundamentally believe
- 7:28that in my role here relative to, um,
- 7:32an awesome career I had at McKinsey, um,
- 7:35it's really about the skin in the game
- 7:37and sort of being the ability to, um, see end to end,
- 7:42to work with our leaders, our clinicians, our our operators,
- 7:46to understand some of their real unmet needs
- 7:49and pain points, understand the community's needs, um,
- 7:53concept ideas, uh, design programs that will solve some
- 7:57of those, um, challenges or unmet needs and pain points.
- 8:01See how they're working, see which ones we want to scale,
- 8:04um, and which ones are, are working well, that, uh,
- 8:08really we could sort of drive up more focus on which ones
- 8:13perhaps were bets
- 8:14that didn't quite pan out the way we wanted,
- 8:16therefore, we may want to alter, uh, the way we wanna work.
- 8:19That's a, that whole end-to-end journey from soup
- 8:22to nuts is something I'm really passionate about
- 8:24in my current role.
- 8:26Um, at McKinsey, we, we will work with clients a lot, um,
- 8:31in sort of shaping that end-to-end journey and advise them,
- 8:34but there is a lot more ownership in this role that I,
- 8:37that I have, have had to experience.
- 8:40The second, um, thing I would call out is, uh,
- 8:44the change management aspect of it.
- 8:46A lot of what works
- 8:48and does not work in healthcare, as we can all attest
- 8:50among your listener group.
- 8:52And, and Brad, what I personally experience is about
- 8:55the adoption of great ideas
- 8:57and to truly understand, uh, what drives adoption,
- 9:00what are some of the barriers to adoption, how do you work
- 9:03through that, um, is, uh, something
- 9:06that I've truly relished in this role.
- 9:08Um, and it really comes down
- 9:10to setting up the flywheel of innovation.
- 9:13How do you sort of start with some few wins that rally
- 9:17the focus and inspiration
- 9:19and inspire, um, the work, the, the workforce
- 9:22and the, the patients to try out some of these innovations
- 9:25that then creates more momentum for us to sort
- 9:28of scale a further set of ideas that flywheel of innovation
- 9:32and sort of trying to sort of foster that as a mechanism
- 9:35to drive change management, um,
- 9:37is another aspect I've enjoyed in this role, uh, versus
- 9:42what I had in McKinsey.
- 9:43Some of the core components of
- 9:45otherwise thinking about the big value, creative ideas,
- 9:49thinking about what really moves the needle,
- 9:52thinking about a objective
- 9:54and highly critical thinking based analytical, uh, approach
- 9:59to how we come to make decisions, are all those things
- 10:02that I've continued
- 10:03to quote from my prior experience at McKinsey.
- 10:06Um, and which has been, uh, hugely helpful, uh, foundation
- 10:11for me as I've, uh, transitioned into this role.
- 10:14Mm-Hmm, .
- 10:15- And you had also mentioned, I mean,
- 10:17you're touching a lot of different things.
- 10:19You mentioned improving digitization
- 10:21and ai, improving workforce product productivity
- 10:23and new innovation hub, this community health focus,
- 10:27improving the health of all his houstonians.
- 10:30What is your team like behind these efforts?
- 10:32Do you have a distinct team for strategy innovation?
- 10:36Is there one combined unit?
- 10:38Can you, can you talk more about the people
- 10:40around these efforts and then also
- 10:42how you lead them a a glimpse into your leadership
- 10:45style, if you'll let us?
- 10:48- Yeah, absolutely. Yeah.
- 10:50So, um, along the way, we've, uh, built a team of, um, uh,
- 10:55just under a dozen practitioners.
- 10:58Uh, they cut across all of those pillars,
- 11:01which are strategy, strategic planning, which defines the
- 11:04what is it that the business is gonna focus on.
- 11:07Um, then when it comes to the, uh, the how, um,
- 11:12and the why, we've got, uh, uh, a few execution arms.
- 11:16One of them is a, uh, corporate development umbrella,
- 11:19which includes, uh, joint ventures, m
- 11:22and a strategic partnerships, working with external parties
- 11:25to bring some of those capabilities on, on the,
- 11:29the work that I defined.
- 11:30Um, second is an innovation hub where we sort of take some
- 11:34of those unmet needs and pain points
- 11:36and sort of really map, um, solutions
- 11:39that solve those unmet needs and pain points.
- 11:41Test them in a small contained capacity,
- 11:44whether it's one hospital or a handful of clinics.
- 11:47Learn from how those, uh, design phases are going
- 11:50to understand or how best to scale them across the platform,
- 11:54and what value do they create, how do they, uh,
- 11:57achieve the objectives that we are seeking.
- 11:59We have a direct investment arm, which is the third arm,
- 12:02which think of it as a venture
- 12:04or a growth equity vehicle that supports great businesses
- 12:08that are creating solutions that are aligned
- 12:10with our core philosophy
- 12:12and how healthcare in the future needs to be, uh,
- 12:16experienced, accessed, and delivered.
- 12:19And from that perspective, we've, um, we've created a,
- 12:23a focus on, uh, not only working with some
- 12:26of those companies to bring those innovations to our market,
- 12:28but also thinking about, you know,
- 12:30how do we support the growth, uh, growth strategic journey
- 12:34as investors and shape the products that we like.
- 12:37So we are having that dual alignment of shaping the strategy
- 12:41for the products that we then eventually
- 12:43bring into the market.
- 12:44Uh, and we also have a focus on strategic market insights,
- 12:49which takes a granular database approach
- 12:51to understanding the various value pools in health
- 12:55and healthcare, how those are evolving, uh,
- 12:57what's shrinking, what's, what's growing,
- 12:59and where best the system needs
- 13:01to be positioned to drive that growth.
- 13:03So these are some of the areas.
- 13:05These are the five areas, the, the strategy
- 13:07and strategic planning at the vanguard of it,
- 13:09the three execution arms
- 13:11and strategic market insights that the team is focused on.
- 13:15Uh, there is an expanded member base of the team as well,
- 13:18which, uh, uh, includes members of our service lines,
- 13:22our operating teams, um, and, uh,
- 13:26and other functional teams who provide a lot of input
- 13:29and passion and energy into a strategic focus area.
- 13:32So it's very much as is any strategy team,
- 13:35a collaborative effort that brings together a range
- 13:38of practitioners, some that are dedicated
- 13:40and some that are brought in, uh, from, uh,
- 13:43various functional groups.
- 13:45And we work collaboratively to shape some of these,
- 13:48um, objectives.
- 13:50As it pertains to the team itself, it's a,
- 13:52it's a diverse team with a range of experience.
- 13:54Some are deep healthcare practitioners with lots
- 13:57of experience, um, in life sciences.
- 14:01And, um, even on the clinical side,
- 14:04we have a physician in the team.
- 14:06Um, some have got very new experiences in healthcare.
- 14:09They, they, they spend their careers in other industries
- 14:13like oil and gas, which we like
- 14:15because we, we like the diversity
- 14:17and fresh eyes that the range of our team members bring.
- 14:21Um, uh, some are relatively early in their journey as,
- 14:25as in their fewer years from college
- 14:27and are sort of starting their journey in healthcare
- 14:29and shaping their long-term aspirations.
- 14:31Some have been in the industry for, uh, long, uh,
- 14:35and they come from diverse range of backgrounds as well.
- 14:38That includes working at health systems,
- 14:40working at in management, consulting firms
- 14:43and investment banking firms.
- 14:44And as I mentioned, even the clinician background
- 14:48as it pertains to my leadership style.
- 14:51Um, for me, the fundamental, uh, uh,
- 14:56way in which I lead is to start with vision
- 14:58and big, hairy audacious goals.
- 15:00It's very important for me
- 15:01and my team to clearly ask, uh, aspire
- 15:04and define what we define as the North star for why,
- 15:08why we are doing what we are doing,
- 15:10and what great looks like.
- 15:13Um, and, uh, it's, it's something that I hold myself
- 15:16and my team accountable for in laying that north star.
- 15:19How are we gonna make a difference in
- 15:20how healthcare is accessed, experienced, and delivered?
- 15:23What are some of those critical objectives that we will fund
- 15:27that will fundamentally change, um,
- 15:29that healthcare experience of the future?
- 15:32Uh, and so start with that vision,
- 15:33which creates a very aspirational
- 15:36and inspirational mindset for the team members
- 15:38that we can then take into, um, you know, defining a,
- 15:43uh, implementation, uh, pathway.
- 15:46And from that implementation pathway, I really want there
- 15:50to be transformative change.
- 15:51So every year we want to look back
- 15:54and say, Hey, what is the major difference?
- 15:56We have not only done in terms of the, the goals and vision,
- 16:00but in terms of actual achieved objectives, how we focusing
- 16:04and prioritizing our, our time in terms of achieving some
- 16:07of those big rocks, um,
- 16:09and how we sort
- 16:11of meaningfully making a difference into
- 16:13those, those objectives.
- 16:14The third area that I, I really sort
- 16:17of focus on is the focus on innovation.
- 16:20Um, we should sort of be willing to lean forward
- 16:22and take risks, make bets, um,
- 16:26and not chase incrementalism in, in the spirit
- 16:28of those big, very audacious goals.
- 16:30So we need to try to come up with an alternative solution
- 16:33and not always be limited by the, uh, by what is available
- 16:37and think beyond and our art of the possible as I,
- 16:40as I frame it to them and, and to myself.
- 16:43And finally, we should do this in a, uh,
- 16:46highly collaborative, uh, way where we are able
- 16:49to challenge each other, challenge all the assumptions.
- 16:52One of the narratives, I, I often go to them
- 16:55and turn to my team and, and, and really want to live by
- 16:58and live by that is around this notion of, uh, you know,
- 17:02the devil's advocate.
- 17:03You always have to think about what are the core assumptions
- 17:07that you're making when you're trying to make a decision?
- 17:09What are those assumptions are most sensitive to?
- 17:12Um, a a a potentially a different type of answer.
- 17:16And understanding how you can critique those assumptions and
- 17:21therefore, uh, you know, really understand the range
- 17:24of possible outcomes and be very
- 17:25deliberate in the path you take.
- 17:27Uh, and as you do that, um, do that in a way
- 17:31that is work hard and play hard, so have fun.
- 17:33Uh, you want to make this, uh, a journey of high impact,
- 17:37but also a journey of, uh, lots of joy and joy and fun.
- 17:41Mm-Hmm, .
- 17:43- Well, I mean, it sounds like, I,
- 17:44I can hear from your response initially, the BHAGs
- 17:48and the vision are very much intact.
- 17:50It sounds like your team is a masterful one, also with a
- 17:55collaborative and then focused on innovation, a leader.
- 17:59But you know, Dr. Abraham,
- 18:01I also just wanna check in with you in closing here.
- 18:02One other question. I had lots of focus on AI,
- 18:06as we've heard lots of focus on virtual capabilities,
- 18:09meeting more people where they are,
- 18:11but I also wanted to see
- 18:12what Memorial Hermann might have planned
- 18:15or in the works around capacity, um,
- 18:17with its facilities in coming years.
- 18:20Are there any current plans of note related
- 18:23to capital investments
- 18:24or expansions that our listeners should know about?
- 18:28- Yeah, as our, and great question.
- 18:31As our communities are growing, as our population is aging,
- 18:35and then here in Texas we are, we are, we're blessed with
- 18:39a good weather, great business,
- 18:42and, um, living environments with the diverse bank
- 18:45of people, we're starting to see, uh,
- 18:47or continuing to see lots
- 18:49of growth in the populations we serve
- 18:52and to support that growing population, um, both in the,
- 18:56the central Houston area and in our suburbs.
- 18:59We are continuing to expand our, our footprint to support
- 19:02that growing, um, population and,
- 19:05and really expanding the access to meet the consumer
- 19:08where they are for critical services.
- 19:11We want to be closer to where they live and where they work.
- 19:15Uh, and for things that are more differentiated,
- 19:18we have options for them to come to, um, you know, uh,
- 19:22a higher level of care, for example,
- 19:24an academic medical center level of care as is required
- 19:27for some of these procedures.
- 19:28So we are really expanding our capacity across the markets
- 19:32we serve when it comes to hospitals.
- 19:34But I'll also add that we are doing the same as it pertains
- 19:38to improving access from all those mechanisms
- 19:40that I was describing.
- 19:42We've, um, tripled our urgent care footprint in
- 19:45the last couple of years.
- 19:46We've created, alongside with one of our partners, one
- 19:49of the largest home health and hospice
- 19:51franchises in south Texas,
- 19:53we've created a very novel population genomics program.
- 19:57So we are trying to meet the consumer
- 19:58and send the right patient to the right side of care, uh,
- 20:02and provide an access point that includes virtual retail,
- 20:06um, uh, urgent care, uh, home-based care, lot
- 20:10of home-based options,
- 20:11and then facility-based care, ambulatory surgical centers,
- 20:15um, a lot of outpatient infrastructure.
- 20:18Um, so you'll see when you see Memorial Hermann's presence
- 20:22in the communities, we, we have 17 hospitals,
- 20:25which are continuing to grow to your question.
- 20:28But we also have, um, you know, just under 300 K locations
- 20:32and over 6,000 physicians practicing as part
- 20:35of our clinically integrated network to support
- 20:38that growing, uh, population base, leveraging the assets.
- 20:42I referred to
- 20:46- Dr.
- 20:47Fabe Abraham, executive vice President, chief Strategy
- 20:49and Innovations officer with Memorial Hermann Health System.
- 20:51I wanna thank you so much for being our guest today,
- 20:54for getting me up to speed on the big, hairy audacious work.
- 20:58You're leading at the system, which, like you said,
- 21:0117 hospitals, more than 300 locations.
- 21:04Dr. Abraham, any closing thoughts
- 21:06or parting thoughts you'd like
- 21:07to share with our listeners today?
- 21:09- We covered a range of it,
- 21:11and one of the things that I'm starting to sort of, um,
- 21:14spend a lot of time on, and I'm sure my peers
- 21:16and colleagues will find it equally, uh,
- 21:19illuminating and illustrating.
- 21:20We talked about ai,
- 21:21but there is another dimension I'm pretty passionate about,
- 21:24which is around this notion of integration of medical care
- 21:28with other aspects of how health is gonna be delivered.
- 21:32So think about life sciences and the pharmacy side.
- 21:35Think about food as medicine, think about transportation,
- 21:37access, various social determinants of health
- 21:40that are required to keep the, the patient's healthy.
- 21:43And as you sort of peel the layers
- 21:44of the onion across each one of those buckets,
- 21:46there are lots of innovations
- 21:48and trends that we
- 21:49as leaders at health system will need to integrate.
- 21:51And particularly for me this year, the focus is um, uh,
- 21:56and um, and uh, uh, uh, inspiration is drawn
- 22:00through the life sciences vertical.
- 22:02We're seeing a lot of innovation coming in the, uh, on the,
- 22:05on the product side with new drugs
- 22:07that are solving specific problems like
- 22:10what we've heard the GLP one, uh, drugs when it comes
- 22:13to obesity, but there's also a lot of great innovations
- 22:16and cell and gene therapies
- 22:18and drugs that solve, uh, the Alzheimer's challenge.
- 22:22And how do we sort of stay at the forefront of bringing
- 22:25so those innovations
- 22:26and looking at the entirety of the, uh,
- 22:28medical experience is important.
- 22:30And so we are trying to, uh, understand that space better
- 22:33and linking the two as well
- 22:35as in the pharmacy benefit management space.
- 22:37In order we sort of create a holistic, uh,
- 22:40medical plus non-medical IE pharmacy and, and, uh, food
- 22:44and other factors that I mentioned to sort of drive
- 22:47that total health, uh, narrative.
- 22:49- Mm-hmm, a forward looking
- 22:51thought for all of us to keep in mind.
- 22:53I think if the GLP one is any indicator of
- 22:56what can be unlocked through advancements, like you said,
- 22:58with gene therapies and other drugs around neuro,
- 23:01uh, generative disease.
- 23:02And, um, we're in for a really interesting decade
- 23:06ahead of us, Dr.
- 23:07Abraham. So again, thank you so much for being our guest.
- 23:09I hope we can do this again soon
- 23:11and check back in with you, uh, again in a year ahead.
- 23:15- No, it was a pleasure talking to you,
- 23:17and thanks to everyone who tuned in.