Latest / Becker’s Healthcare -- Pediatric Leadership Podcast / Healthcare Upside/Down: Futureproofing Children's Health Systems: Strategies for Success
Transcript
- 0:00- Welcome to Healthcare Upside Down, a podcast
- 0:02by Becker's Healthcare and ECG management consultants in
- 0:05which we'll explore the upsides and downsides of healthcare
- 0:07and the industry's most current trends.
- 0:10I'm Molly Gamble, and today I'm joined by three guests,
- 0:12Peggy Troy, president, and CEO of Children's, Wisconsin.
- 0:15Dr. Jeff Speering, CEO of Seattle Children's Hospital,
- 0:18and Evan Lynch, throne principal
- 0:19of ECG Management consultants.
- 0:22Peggy, Jeff and Evan, welcome to the podcast.
- 0:24Thank you so much for joining us.
- 0:27- Absolutely. Thank you. - Thank you.
- 0:30- Well, to get us started,
- 0:31can you please introduce yourselves
- 0:33and share a bit more about your roles and organization?
- 0:36Peggy, can I turn to you first?
- 0:38- Sure. Hi.
- 0:40As I said, I'm Peggy Troy, uh, president
- 0:42and CEO of Children's Wisconsin in the Milwaukee area.
- 0:45And I have been at Children's, Wisconsin
- 0:47for the last 15 years.
- 0:49So, um, a little bit about children's.
- 0:52Uh, we have nearly 60 locations
- 0:54across the state of Wisconsin.
- 0:56So we have a hospital in Milwaukee.
- 0:59And then we have a hospital within a hospital up in the Fox
- 1:01Valley, which is a couple hours north of our organization.
- 1:05Our primary site, we have a surgery center.
- 1:08We have 22 primary care clinics, five urgent care clinics,
- 1:12and then several specialty clinics.
- 1:14Uh, we also have a robust community-based program
- 1:17that support and strengthen family.
- 1:18So we have child advocacy centers, school nurses,
- 1:21and community health navigators, safety
- 1:24and injury prevention.
- 1:25And then we also have the largest foster care
- 1:28and adoption, uh, program in the state of Wisconsin.
- 1:31We foster care case manage about 3000 kids.
- 1:34We also have a health plan,
- 1:35and we, uh, it's a Medicaid health plan plus a marketplace.
- 1:39And we insure about 150,000 members.
- 1:42It's a at full at risk program, uh, first dollar.
- 1:45We have more than 6.5 million connections
- 1:48with kids across the year.
- 1:49And, uh, so we have a big responsibility in terms of, uh,
- 1:54serving the kids of the state of Wisconsin.
- 1:56'cause we are the only independent freestanding
- 1:58children's hospital in the state.
- 2:01- Mm-Hmm. an important note.
- 2:03You ended on there, Peggy. Thank you
- 2:04for the introduction and overview.
- 2:06Dr. Speering, can we hear from you next?
- 2:08- Sure, absolutely. So, um,
- 2:10I'm Jeff sparing the CEO at Seattle Children's,
- 2:13have been here for, uh, eight years now.
- 2:15And so Seattle Children's, again,
- 2:16also an independent freestanding children's hospital with,
- 2:19uh, main hospital campus in Seattle.
- 2:21Um, but we have the incredible privilege of taking care
- 2:24of kids, uh, every day from four states, Montana, Idaho,
- 2:27Washington State, and Alaska.
- 2:29Our main hospital campus is, is obviously in Seattle.
- 2:32Um, but we have 43 different outreach sites throughout those
- 2:35other four states, bringing specialty care, hopefully closer
- 2:38to home and patients and families and, and where they live.
- 2:41We're also one of the five largest pediatric,
- 2:44uh, research institutes in the country.
- 2:45So every day, our team, um,
- 2:47not only thinking about cares today,
- 2:49but obviously looking for cures for tomorrow
- 2:51and how we continue to bring the best
- 2:53and most innovative treatments to kids in clinical trials.
- 2:55So we make sure that, uh, we're finding more cures
- 2:58for kids in doing that.
- 2:59And then an incredible foundation, uh,
- 3:01that really helps support our mission through philanthropy.
- 3:04And so like Peggy, all the way from primary care
- 3:06to the highest level of specialty care.
- 3:07But thinking about this
- 3:09and how we really center our work in our communities
- 3:11and improve children's health broadly.
- 3:14- All. - Thanks, Dr. Speering.
- 3:15And, and Evan, let's, let's hear from you.
- 3:18- Thanks. I'm Evan Lynch, throne of principal of ECG,
- 3:21which is a full service healthcare only consulting firm.
- 3:24It's been around for over 50 years.
- 3:26I'm part of our academic healthcare division,
- 3:28and I lead our firm's, uh, children's service line,
- 3:31which is a multidisciplinary group of consultants, uh,
- 3:35with focused experience working on the issues
- 3:37that pediatric organizations face.
- 3:39So I spend a lot of my time working
- 3:41with children's health systems on clinical
- 3:43and academic partnerships and affiliations
- 3:46and redesigning organizational structures
- 3:49to enhance the relationship between the children's hospital
- 3:52and the faculty practice.
- 3:55- Thanks Evan. Well, on, on the note
- 3:56of organizational structures, you know, let,
- 3:59let's talk about m and a and consolidation.
- 4:01We've seen hospital and health system consolidation.
- 4:04It's expected to continue its upward
- 4:06trajectory this coming year.
- 4:08And I'm curious, when we talk to leaders
- 4:09of independent freestanding children's
- 4:11hospitals like you, Peggy, and Dr.
- 4:12Spearing, how do you anticipate this trend will affect
- 4:16children's health systems, including your own?
- 4:18Peggy, can I turn to you first for your thoughts?
- 4:21- Well, that's a great question, Molly,
- 4:22and something that we ponder frequently within our own
- 4:25organization because we are watching, uh, carefully these
- 4:29mergers and consolidations of healthcare systems.
- 4:33We strongly believe as an organization, along with our board
- 4:36of trustees, that the best way to do the work that Jeff
- 4:40and myself do, both in not only the clinical care
- 4:44but the academics, the research,
- 4:45et cetera, is to stay independent.
- 4:47Because when you become absorbed within a large adult
- 4:50system, which Jeff
- 4:51and I have both been in that situation,
- 4:53you become a service line.
- 4:55So the allocation of resources is very competitive,
- 4:58and there are many ways in which we need
- 5:01to fund our missions, uh, in order to do it correctly.
- 5:04And so that independence allows you to do that.
- 5:07You know, and when we think about it,
- 5:09you've gotta have a very strong leadership team.
- 5:11You have to have a board of trustees
- 5:13that believes that as well.
- 5:16Uh, a strong strategic plan looking forward, knowing
- 5:19that independence is the goal, most importantly,
- 5:24a solid balance sheet in today's world.
- 5:25And the economy of healthcare is becoming very challenged,
- 5:30very differently than I think we've experienced in the past.
- 5:32So keeping a strong balance sheet
- 5:34and a positive margin is a way for us to,
- 5:37to remain independent, a strong academic partner
- 5:41with true integration.
- 5:43So you're operationally, financially
- 5:44and strategically integrated is another very important way.
- 5:49And then I think also having
- 5:51partnerships with adult systems.
- 5:53Pediatrics is becoming more
- 5:55and more constrained within adult systems.
- 5:57I think it's an opportunity for us to look for partners
- 6:00to help manage their pediatric service lines
- 6:03and provide some of the expertise
- 6:05that we experience in our institution so
- 6:08that we can serve more kids.
- 6:10- So Peggy, what I, what I'm hearing is it's really
- 6:12important that agility is important.
- 6:13You can move closer to the adult systems
- 6:15and to other systems systems,
- 6:16but being a free stand independent organization is
- 6:19so important when it comes to allocation
- 6:21of resources, like you said,
- 6:23- And talent - And talent.
- 6:26Jeff, what would you add? Do you see things any differently
- 6:27from Peggy or, or would you add a a different
- 6:30perspective to the conversation?
- 6:31- Yeah, no, completely agree with
- 6:33how you were certainly seeing, you know,
- 6:35continue obviously consolidation broadly across healthcare.
- 6:37And I think, you know, with that, the reality
- 6:39that doing pediatric care is actually is,
- 6:41is getting harder all the time.
- 6:42Um, and you know, everything from the complexity
- 6:45and acuity of, of pediatric patients
- 6:47to the financial constraints
- 6:48and pressures to, as Peggy mentioned, really, you know,
- 6:51some significant shortages in workforce.
- 6:53And so what's interesting to all of us is watching
- 6:56as adult systems consolidate,
- 6:57making the choices on their priorities
- 6:59and, you know, understanding that pediatrics and,
- 7:01and we're obviously also seeing this in, in women's health
- 7:04and obstetrics may not be one of those priorities.
- 7:06And so, you know, seeing community-based hospitals
- 7:09as they're coming into systems, dropping some
- 7:11of their pediatric services
- 7:12or some of their women's services,
- 7:14and as Peggy said, that's our, that's all we do.
- 7:16That is our priority.
- 7:18And so I think for us then looking at how can we help kind
- 7:21of fill that gap, or as Peggy said, I completely agree.
- 7:24How can we be the best partner to some
- 7:25of these adult systems, if, you know, for them pediatrics,
- 7:28you know, isn't something that they want
- 7:29to try to continue to do.
- 7:30How can we be that best partner to fill
- 7:32that need, you know, within the community?
- 7:34- Mm-Hmm. , - Well, Evan Perspectives out
- 7:37of the Milwaukee metro area and then Washington
- 7:40and its four state area.
- 7:42What, what, what are you seeing Evan, uh, in terms
- 7:44of what's unfolding across the industry when it comes
- 7:45to consolidation in children's hospitals?
- 7:49- Well, I think what Peggy
- 7:50and Jeff described is really
- 7:53what we're seeing across the country right now.
- 7:54And, uh, a lot of these smaller community-based pediatric
- 7:58programs are just facing tremendous challenges,
- 8:01remaining viable, but operationally and financially
- 8:04because it takes a certain level of volume
- 8:08and the access to pediatric specialists to really be able
- 8:11to deliver that care.
- 8:12And many are considering, whether they close altogether
- 8:16or, um, what we've seen more of, which is, you know,
- 8:19discussions on creative partnerships
- 8:21with children's hospitals, uh, to figure out ways
- 8:24to continue to provide those services in the community.
- 8:27And then I think even, uh, recently in the last few weeks,
- 8:30we've seen a pretty notable announcement of a, a merger
- 8:33between two freestanding children's
- 8:36hospitals, which is pretty uncommon.
- 8:38- Mm-Hmm, . - Well, when we talk, I think Dr.
- 8:41Spearing, you said, doing pediatric care is
- 8:42getting harder all the time.
- 8:44And one big headline under that umbrella
- 8:47of a statement is the mental health needs of children
- 8:50and how they've just been surging in recent years.
- 8:52I know your hospitals have been responding,
- 8:54both Seattle Children's
- 8:56and Children's Wisconsin have made some major investments
- 8:59to address the pediatric mental
- 9:00and behavioral health crisis.
- 9:02Peggy, can, can you describe for us
- 9:04what strategies you've put to use
- 9:06to deliver highly specialized in these needed services
- 9:10and what you've learned from the past couple
- 9:11of years in those investments?
- 9:14- Well, first and foremost, the need is
- 9:18just growing every single day.
- 9:20So a couple things we did, we have, uh,
- 9:22pediatricians 120 pediatricians in 22 locations.
- 9:26And at the time we did this evaluation,
- 9:28there were enough psych beds in our community for the kids.
- 9:31So we really felt we should take advantage
- 9:33of the touch points we have with, uh, primary care
- 9:38and really start way back with the kids
- 9:40because you can diagnose anxiety
- 9:42and depression in kids as early as two or younger.
- 9:45And so what if we had mental health workers working
- 9:47alongside of our pediatrician so
- 9:49that parents had immediate access to a resource so
- 9:53that they could begin the journey towards how
- 9:56to prevent catastrophic things from happening down the road.
- 10:01Uh, many complexities came into that, uh, in terms
- 10:04of the workforce and just, uh, in the state of Wisconsin,
- 10:07you have to sign a separate consent
- 10:09for mental health services, et cetera.
- 10:11But we've overcome a lot of that,
- 10:13and we're starting to see a real change in
- 10:17how parents perceive the need for mental health services
- 10:20and are willing to access it right there
- 10:21at the pediatric visit.
- 10:23The other thing we've opened up is five, uh, a couple
- 10:25of urgent care centers, uh, just for mental health so
- 10:29that the kids, the families can access that care immediately
- 10:34and not have to wait six months to get an appointment
- 10:37with a psychologist or psychiatrist.
- 10:39So we really believe that backing that up
- 10:41is really important in terms of changing the trajectory
- 10:45and making sure that we're helping kids grow up
- 10:49to be resilient, productive, and fulfill in their lives.
- 10:53- Thanks, Peggy. And, and Dr.
- 10:54spearing, can you describe Seattle Children's approach?
- 10:57I, I'm curious too, how you see Children's Health systems
- 10:59responding effectively
- 11:01and sustainably to the overwhelming community
- 11:04needs that have unfolded.
- 11:05- Yeah, no, it's a great question, ma.
- 11:07And to your point, the sustainability piece
- 11:09is such a key part of that.
- 11:10And obviously, you know, as members
- 11:11of Children's Hospital Association, you know,
- 11:13it is the number one thing that we're hearing from all
- 11:15of our Children's Hospital colleagues around the country.
- 11:17So this is not unique to any one of us.
- 11:20Um, and as you know, as, as Peggy said exactly right,
- 11:22I mean, the, the numbers are staggering.
- 11:24We were seeing the trend obviously developing even
- 11:27before the pandemic.
- 11:28Um, you know, we had doubled the number
- 11:30of inpatient psychiatry beds, you know, even before that.
- 11:33And in 2018, I kind of called
- 11:35for a moonshot in Seattle Children's
- 11:36around mental behavioral health.
- 11:38And I, I don't think any of us were even then prepared for
- 11:40what happened during the pandemic
- 11:41and kind of the, uh, kind of, you know, just amazing, uh,
- 11:46increase in not only just the volume,
- 11:47but the acuity of kids coming in, in crisis.
- 11:50And so I think the challenge that we've had
- 11:53as children's hospitals, as Peggy said, is we,
- 11:55we are always kind of that place of, you know,
- 11:57the highest level of care and crisis,
- 11:58and we're seen as kind of, you know,
- 12:00people that find solutions.
- 12:01And so we're seeing more and more kids
- 12:02and families coming to us kind of in that level of crisis,
- 12:05and we wanna be able to be there and,
- 12:07and have a level of access for that.
- 12:09But as Peggy described, what we'd all really love
- 12:12to do is move further upstream.
- 12:13And so we find ourselves kind of in this dual reality
- 12:16of having to navigate, you know,
- 12:18crisis care right now at levels that we've never seen.
- 12:21But then trying to think about how do we move resources,
- 12:24you know, to where we can intervene in schools,
- 12:26in primary care, find other things so that we can get
- 12:29to kids before they get to that level of crisis.
- 12:31And so for us, you know,
- 12:33we are expanding our intensive outpatient programs,
- 12:36partial hospitalization programs,
- 12:38embedding mental health in our specialty clinics,
- 12:40embedding them in primary care,
- 12:42and then really thinking about school-based clinics
- 12:44and how can we again, kind of move further upstream.
- 12:47So even while we're dealing with crisis now, trying to kind
- 12:50of, in some ways hopefully prevent kind
- 12:51of the next wave from coming.
- 12:53And obviously the, the long-term implications for that.
- 12:56- Couple other things, um, that, that are important
- 12:59to also recognize is we need more research.
- 13:02We need to understand if the interventions
- 13:04that we're all working towards is really developing
- 13:08a positive outcome for the kids.
- 13:10The other thing is, is we can't solve this by ourselves,
- 13:12as Jeff said, by the time the kids are coming
- 13:14to our urgent care or our emergency departments, you know,
- 13:18they're already in crisis.
- 13:20So how do we work with schools and communities
- 13:22and all these other resources that are available
- 13:24and try to knit together a comprehensive system of care
- 13:28so there's no wrong door, whether it's in the schools,
- 13:31in the boys and girls clubs, wherever it happened to be.
- 13:33And then I think the other thing
- 13:35to consider is the financial picture.
- 13:36'cause right now the reimbursement
- 13:38for mental health services is not, does not have parody
- 13:42with other types of things we treat kids for.
- 13:45So we need to make sure that our insurance companies,
- 13:48Medicaid and others understand
- 13:50because unresolved mental health issues lead to cancer
- 13:53and heart disease and some of these other things
- 13:55that are catastrophic for our kids.
- 13:58Uh, and again, if we can back it up and get to it
- 14:01before it becomes a crisis, I think we'll have a better
- 14:05stable of kids growing up
- 14:07and doing all the things
- 14:08that we hope they can accomplish. Mm-Hmm, ,
- 14:11- Thanks Peggy.
- 14:12And I think underpinning your remarks
- 14:15is the point of access.
- 14:16And I, I understand care access is such a
- 14:18cornerstone of health equity.
- 14:20Many leaders like yourselves are working hard
- 14:23to expand access with renewed
- 14:25and heightened focus on health equity strategies
- 14:27for historically underserved populations.
- 14:30Uh, Dr. Spear, if I can go to you first here,
- 14:33how is Seattle Children's meeting the evolving needs
- 14:35of patients, families and providers within its facilities?
- 14:39And then what strategies do you use
- 14:41to deliver specialized care across a, a really significant
- 14:45and and large geographic region, like you highlighted
- 14:47for us in your opening remarks?
- 14:49- Yeah, it's, it's one of the great challenges and,
- 14:51and really cool opportunities that we have to,
- 14:53to think about how do we change kind of our delivery models
- 14:56and, and kind of break down traditional systems
- 14:58that we know have led to kind of disparities in access
- 15:01or not being able to actually move our care
- 15:04where we really want it to do.
- 15:05So. Ma to your point, I mean, we're spending a lot
- 15:07of focus thinking, again, you know,
- 15:09we're historically children's hospitals where a lot
- 15:11of like have everybody come to us, you know,
- 15:13how can we actually move our care closer to families
- 15:17and patients where they're at?
- 15:18How do we center our communities in that care?
- 15:20And I think that comes with everything from, you know,
- 15:23where are we putting our specialty clinics, you know,
- 15:25where are we putting our primary care offices?
- 15:27Are we thinking about our brick
- 15:29and mortar strategy in a way
- 15:30that really has an equity lens to it?
- 15:32And we're thinking about making sure
- 15:34that we we're addressing where those, some
- 15:35of those access deserts have been.
- 15:37And I know like Peggy has done, you know,
- 15:39we've opened up our community health clinics in areas where,
- 15:42again, historically they might not have had that same access
- 15:44and actually moved specialty care into those in a way that,
- 15:47again, they don't have to come to the main hospital, uh,
- 15:50to Seattle to be able to do.
- 15:51And then to your point,
- 15:52because of the, the large geography in some
- 15:54of those distances, how do we use digital and
- 15:56and technology to make sure that we're bringing access again
- 15:59to communities that historically would've had to do,
- 16:02you know, multiple hours drives to be able to get to
- 16:04that our, our patients and families in Alaska
- 16:06who are incredibly resilient
- 16:08and creative around how they can access care.
- 16:10So not only, you know, our clinics in Anchorage,
- 16:13but how do we do more travel and outreach or use digital
- 16:16and technology to be able
- 16:17to move care closer to where they are?
- 16:19And so we really to exactly to your point, it's,
- 16:21it's really making sure that there is an equitable access
- 16:24for kids and families, you know, where they need it.
- 16:26And a lot of kind of getting out of our centric around
- 16:29where our hospital is based
- 16:31and how do we actually think about it more like an ecosystem
- 16:34of care that's really out in our communities.
- 16:36- Mm-Hmm. , - Peggy, different market for you,
- 16:39but I imagine some similar challenges and goals.
- 16:42Can you, can you talk to us a little bit about
- 16:43what Children's Wisconsin is doing,
- 16:45and then too, you mentioned research before.
- 16:47Um, can you talk too about
- 16:49how you see leaders better meeting not only care delivery,
- 16:52but also training and research needs?
- 16:55- So, a couple of things. First of all, I agree 100%
- 16:58with Jeff is that we've got
- 17:00to get ourselves out in those communities to understand.
- 17:04I think one really important aspect
- 17:05of this is also understanding
- 17:07what the community needs and values.
- 17:09And I'll give you a couple examples of that.
- 17:11But when we think about what drives overall health, we know
- 17:14that healthcare delivery is only a small part of it,
- 17:17but it's, you know, that your genetics, the choices you make
- 17:19and where you live, and when you start
- 17:21to think about those aspects of overall health, you know, we
- 17:25term it in whole child health, uh,
- 17:27because we think about physical, mental, dental, social,
- 17:32and you know, for instance, kids need food,
- 17:35they need housing, they need transportation.
- 17:39Uh, all these things play into how you can,
- 17:41again, have healthy kids.
- 17:43So we've gotta think more broadly about how we can, not
- 17:47by ourselves, but solve for some of these issues
- 17:49and partnering organizations.
- 17:51We, uh, do food stability evaluation on all kids that come
- 17:55through our specialty clinics and emergency room.
- 17:57And we, it's amazing
- 17:58how many families we find are actually hungry today.
- 18:02Well, we can't be the food bank for all kids,
- 18:04but we sure can find those resources in our community
- 18:07and connect families, transportation, housing,
- 18:10all these other aspects.
- 18:11So really important
- 18:13to think about it a little differently than how Jeff
- 18:15and I were raised to think about pediatric healthcare.
- 18:17Um, because we, we know
- 18:20that we can only affect a very certain part of it.
- 18:23Um, so I think that, you know, hospitals systems, I think
- 18:28that insurance companies
- 18:29and others are starting to take a more holistic view.
- 18:32And I do think research is a very important part of it.
- 18:35We know that we've got major gaps in health equity
- 18:38and we know that what we do in one community
- 18:40isn't gonna work in the other.
- 18:42But the only way we could substantiate that is
- 18:44by doing careful evaluation, understanding
- 18:47what the community values,
- 18:49and then doing the research to see did this work.
- 18:53And it doesn't have to be basic science research,
- 18:56it can be just research by gathering some data,
- 18:59looking at outcomes
- 19:00and doing A-P-D-S-A-P-D-S-A cycle so that you can change
- 19:05the way you're doing things.
- 19:09- Uh, let me turn to you here.
- 19:10We just heard from Peggy and Dr.
- 19:12Spearing a number of innovations tools
- 19:14and how they're really thinking about this work when it
- 19:16comes to access and equity.
- 19:17What else would you add in terms
- 19:18of things you're seeing other health systems leverage?
- 19:22- Well, I think, um, just as a framing too, you know,
- 19:26children's hospitals, the last two years probably have been
- 19:29some of the hardest financial
- 19:30and operational years for even the strongest organizations
- 19:35with the healthiest balance sheets.
- 19:36And I think that has led to a willingness maybe
- 19:41to reconsider traditional approaches and,
- 19:44and an openness to, we really do have to think about
- 19:47how we restructure everything we do to meet the needs
- 19:50of the community and our patients.
- 19:52There's not one solution on this.
- 19:54I, I think you have to do a lot of everything to try
- 19:56and meet this because there's fewer
- 19:58and fewer providers all the time.
- 19:59And so much of this falls back on the freestanding
- 20:02children's hospitals to, to be the safety net for, you know,
- 20:06sometimes whole states or regions.
- 20:08But I think, um, new bricks
- 20:10and mortar access, um, so that to Jeff's point,
- 20:14you don't have to drive downtown
- 20:16for everything that has to happen.
- 20:18Um, more virtual, uh, wherever it can be done,
- 20:22a closer working relationship between the hospital
- 20:25and the physicians, um, in their organization
- 20:28and out in with community pediatricians to say,
- 20:31how do we create more access?
- 20:33How do we make it easier for patients
- 20:35and families to get in to schedule their own appointments,
- 20:39um, to make sure that we're, we're freeing up the time.
- 20:42And, and then also how do we work across our specialists
- 20:46to really deliver effective multidisciplinary care too?
- 20:50So it's, um, you know, we can combine visits and, and,
- 20:53and make sure that you're getting holistic care if patients
- 20:56do have to travel, because we know, you know, in a lot
- 20:59of markets and in a lot of rural areas, sometimes
- 21:02if it's you have to get in the car and drive three
- 21:05or four hours to go get care,
- 21:06sometimes those kids just don't ever get seen to begin with.
- 21:10- Well, Evan, Peggy, Dr.
- 21:11Spearing, I wanna thank each of you.
- 21:13I mean, this has been a real great opportunity
- 21:15to get some high level thoughts
- 21:16and observations from you about m
- 21:18and a behavioral health access from the vantage point
- 21:21of independent freestanding children's hospitals like yours.
- 21:25Is there anything else that you weren't able to share yet
- 21:27that you wanna make sure our listeners hear from you?
- 21:32- Well, just a couple of things to reiterate.
- 21:34You know, healthcare has changed tremendously over the last
- 21:36several years, and especially since Covid.
- 21:39I think that we've learned a lot to that.
- 21:41I think our scope in children's hospitals is
- 21:44so much larger than what the traditional concept
- 21:47of a hospital was, uh,
- 21:48because we have to move beyond our own walls
- 21:51to really address kids' needs and,
- 21:53and how we need to think about providing those services.
- 21:57I think you have to diversify your portfolio
- 21:58because we're seeing competition in new places.
- 22:01You know, there's others entrance into healthcare that think
- 22:05that they can do it better than we can.
- 22:06And so making sure that we're staying on top of those,
- 22:09but not overreacting to some
- 22:11of the things that are out there.
- 22:13Um, again, I can't emphasize enough of having a,
- 22:16a strong balance sheet and making sure that you're able
- 22:18to face the financial headwinds.
- 22:20You know, when you think about the population
- 22:22of kids we serve most of the children's hospitals, over half
- 22:25of our patient base is on Medicaid and Medicaid.
- 22:29Well, it's a, a great program to cover kids.
- 22:32It only pays you a certain percentage of your cost.
- 22:34So you've gotta be able to accommodate that
- 22:36and then think about how else you're gonna balance out
- 22:39that portfolio to make sure that you don't have to be
- 22:42absorbed by a adult system.
- 22:44And, you know, being very active in public
- 22:46policy, kids don't vote.
- 22:48And so we need to be that really strong voice to make sure
- 22:51that our policy makers understand the needs and of kids
- 22:55and how we can better work with them together to ensure
- 22:58that these kids have everything they need from us.
- 23:01- Yeah, and I mean, I would just add to what Peggy said.
- 23:03I mean, we're always gonna take the opportunity
- 23:05to be shameless advocates for kids and kids' health.
- 23:07And to her point, you know,
- 23:08children's hospitals have historically always been there
- 23:11to take care of kids with the highest level
- 23:12of acuity needs and most severe things.
- 23:14But we really do wanna make sure that we're addressing
- 23:16children's health broadly.
- 23:18And it's, we care about it
- 23:19because it's obviously something that we see every day.
- 23:21But obviously as society,
- 23:22we just always wanna remind everyone in healthcare
- 23:24to not forget about the kids
- 23:26because obviously, you know,
- 23:27children's health issues today become adult health issues,
- 23:30um, later and are much more expensive if we're not kind
- 23:33of moving upstream in, in dealing with that.
- 23:34And so, again, for all of us really trying to, to advocate
- 23:37and make sure that we're thinking about
- 23:39how do we put resources into improving the health
- 23:41of our kids so that we all kind of have a healthier future
- 23:44and a healthier tomorrow because of
- 23:46that investment that we're making today.
- 23:49- I just wanted to add that, um, I, I think these,
- 23:51these children's hospitals are, um, tremendous assets
- 23:55for the community and no one is as committed
- 23:59to the mission like these organizations are.
- 24:01So I think everything that Peggy
- 24:04and Jeff highlighted about how you continue
- 24:06to do this sustainably
- 24:07and ensure that they, uh, continue to remain, um,
- 24:11independent and vibrant,
- 24:12I think is in the everybody's best interest.
- 24:16- Thank you so much, Peggy, Dr.
- 24:17spearing, Evan, for your time
- 24:19and for this great discussion today.
- 24:20We also wanna thank our podcast sponsor for this episode,
- 24:23e EEC g Management consultants.
- 24:25You can tune into more podcasts from Becker's Healthcare
- 24:28by visiting our podcast page at becker's podcast.com.
- 24:31Thank you.