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Speakers on Healthcare

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Speaker Biography
Steven Eastaugh, ScD

Steven Eastaugh, ScD

  • Professor of health finance and economics for over 32 years
  • Recipient of American College of Healthcare Executives Edgar Hayhow award for "Best Health Care Article of the Year"
  • Author of nine books, including his latest, Health Care Finance and Economics

Keynote Fee : Call For Quote

Travels From: DC

Topics
  • Policy
  • Cost Containment
  • Strategic Development
  • Future Trends
  • Patient Quality
  • CEOs & Leaders
  • Change
  • Economics & Policy
  • Leadership & Strategy
  • Quality Improvement
  • Global Health
  • Customer Service / Patient Relations
  • Management
  • Risk Management
Events
  • Board Retreat
  • Governance
  • Leadership Events
  • Strategic Planning
  • Executive Forums / Summits
Products

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Programs
Cost-Benefit Analysis: The Value of Life & Limb

Cost-benefit analysis becomes critical as the cost of new biomedical technology skyrockets beyond any recent projections. A good analysis must: (1) make the evaluation as complex as necessary, (2) assign values to resources that reflect their opportunity costs, (3) avoid zero counting of resources, and (4) avoid double counting of resources. We are going to have to develop and disseminate better information; some small fraction of what we now spend on healthcare could be better spent in other areas. Our methods to evaluate the value of life have improved for collecting better data and incorporating intangible life valuations into the calculus for weighing benefits against costs.

Will Managed Care Evolve or Wither?

Physicians and patients are increasingly dissatisfied with managed care. Some HMOs and PPOs have made the ultimate cost sacrifice by simply closing down. In order to survive, managed care must improve customer relations, trim paperwork, develop new service-lines, and utilize life-cycle costing. Employers and the public want their healthcare to offer a delicate balance as a social good and a consumer good.

Strategic Marketing in Selecting Your Service-Mix

Do not confuse bad performance with destiny. You can improve your position with the right management and incentives. One must manage risk in today's rapidly changing marketplace by surveying product, place, price, and promotion. The benefits and costs of both specialization and diversification are surveyed. Increasingly, specialization helps trim expenses and enhances service quality.

Future Options for Healthcare Reform

Our past solutions are our current problems. The consumer marketplace system encourages demand and diversity, whereas the control system leads to uniformity and possibly rationing. American business is increasingly looking to Europe and Asia for global budget strategies to contain price, quantity, and total expense. Can we continue our tradition of resisting a comprehensive single system, given that it is very expensive and duplicative? Current policy trends point in all different directions like a pile of jackstraws.

Enhancing Productivity

Enhancing productivity better balances all factors of service delivery to get the greatest output for the least input effort. The best productivity programs are rapid, large in scale, cost beneficial, and provide benchmarks for assessing future performance. Programs that focus on the activities of individuals ignore the two greatest keys to improvement: work-team organization and acuity-driven workload staffing. Gainsharing incentive compensation plans can foster long term productivity gains.


Speaker Information

Three thousand healthcare managers and leaders in the United States and around the world have had their careers shaped in part by Steven Eastaugh, ScD, who has taught health finance and economics for more than 32 years. He is currently a Professor in the Department of Health Services Management and Leadership at George Washington University.

Current Advisor for Obama on Healthcare Reform
A nationally-acclaimed speaker, consultant and agent of change, Dr. Eastaugh has traveled to some 30 countries as part of his health services research. He is the author of nine books, including his latest, Health Care Finance and Economics. The text, which provides a complete understanding of financial management and health economics, will help readers meet the considerable challenge of cutting costs while enhancing service quality. His other books include Health Care Finance: Cost, Productivity, & Strategic Design, Facing Tough Choices: Balancing Fiscal and Social Deficits, and Financing Health Care: Economic Efficiency and Equity. He is also the author of more than 120 journal articles.

Helped Develop National Health Insurance for South Korea.
In 1989, Dr. Eastaugh was instrumental in developing national health insurance for South Korea. His knowledge of healthcare practices in other countries has made him a requested speaker around the world.
Prior to coming to George Washington University, Dr. Eastaugh taught at Cornell University and was senior staff health economist at the National Academy of Sciences. He is a graduate of Harvard School of Public Health, Harvard JFK School of Government, Harvard Economics Department, and has a Doctor of Science in Public Health from Johns Hopkins School of Public Health. His main research interests include health finance and economics, capital budgeting, financial ratio analysis, profitability and liquidity, cost-benefit and cost-effectiveness and technology assessment.

The recipient of numerous awards, including the American College of Healthcare Executives Edgar Hayhow award for "Best Health Care Article of the Year," Dr. Eastaugh has been a forceful advocate for universal affordable health insurance, which he believes can be funded through dramatic reductions in healthcare paperwork and administrative costs. He is a member of the National Academy of Sciences and the Institute of Medicine and works actively with a number of professional organizations, including the American Public Health Association, the American College of Healthcare Executives, the Association of University Programs in Health Administration, and the Operations Research Society of America.


Testimonials

"[Dr. Eastaugh] uses modern economic theory and economic techniques to get beneath the surface of what is happening and what should happen in healthcare policy.... He demonstrates repeatedly that he has thought long and hard about various complex issues of fact and policy in healthcare, and he refuses to offer simple solutions for complexities for which neither he nor other investigators have answers. Professor Eastaugh is no idealogue. He offers clear answers to tough questions.

- Professor Eli Ginsberg, New England Journal of Medicine

"93 of the participants rated Dr. Eastaugh excellent"

- Hanover Hospital