Five Star Quality Care Inc.: Balancing Healthcare Costs and Demands - Debra Bruss, Five Star Quality Care, Inc.
Debra Bruss, a speaker at the marcus evans National Healthcare CFO Summit Fall 2011, on meeting the increasing demands of patients. Interview with: Debra Bruss, Corporate Director of Operations, Five Star Quality Care Inc.
Published on: Mar 3, 2016
Transcripts - Five Star Quality Care Inc.: Balancing Healthcare Costs and Demands - Debra Bruss, Five Star Quality Care, Inc.
October 24-26, 2011 | Red Rock Casino • Resort • Spa | Las Vegas | NVFive Star Quality Care Inc.:Balancing Healthcare Costs and Demands Debra Bruss, a speaker at the marcus evans National Healthcare CFO Summit Fall 2011, on meeting the increasing demands of patients. Interview with: Debra Bruss, Corporate Director of Operations, Five Star Quality Care Inc.FOR IMMEDIATE RELEASE long time. It is now critical to bring this back to balance. We cannot always meet the social needs that communitiesThe equation of financing care and meeting patient demand demand of their hospitals, physicians and nursing homes. Wehas been out of balance for a long time, says Debra Bruss, must sit back and think proactively and creatively about whatCorporate Director of Operations, Five Star Quality Care Inc. we need, what we are willing to pay for and where the money“It is now critical to bring this back to balance.” will come from.A speaker at the upcoming marcus evans National Healthcare CFOs must prioritize quality of care, patient safetyHealthcare CFO Summit Fall 2011, in Las Vegas, Nevada, and affordability.October 24-26, Bruss discusses the importance of maximizinghospital reimbursement and changing the way we deliver What does the future hold for Healthcare CFOs?healthcare. Debra Bruss: Those in the healthcare sector must becomeHow can we deliver better quality of care in today’s economic more creative and be willing to change. Instead of thinkingenvironment? outside the box, we must forget there is a box at all.Debra Bruss: Healthcare Chief Financial Officers (CFOs) must Expectations must be adjusted. Instead of seeking the best andbe willing to collaborate with care demanders, providers and most expensive healthcare methods, we need to considerpayers. We have done a good job of making healthcare what is available and affordable. Taking an ambulance andinformation readily available and creating an environment of getting treated in a hospital has become the most costly waytransparency in the knowledge that society needs to make of receiving care today. By changing how we deliverappropriate healthcare decisions. healthcare we can keep people alive longer and save costs.Hospitals should standardize and streamline supplies that are We will soon see roles changing in the delivery system. Fiveavailable in the operating room. Surgeons must understand Star Quality Care Inc. currently owns 300 business unitsthat this is what we have and make it clear to the patients including 200 assisted living facilities (many with specializedthat there are no Cadillacs. There are adequate supplies that Alzheimer’s care units) which are not considered part ofpeople need and everybody must compromise. We will not be healthcare. If we can find a way to provide medical care inable to control costs, as long as there are people demanding these facilities, transportation and emergency room costs willan MRI when a flat x-ray will serve the purpose. be cut, reducing overall healthcare costs. We must think untraditionally and start believing that assisted living can be aMaximizing reimbursement goes hand in hand with managing medical care facility.costs. It is essential to negotiate a solid contract with ahealthcare maintenance organization or a managed care plan, Do you have a final message?and agree on what your services are worth and what will beaccepted. This is difficult because everybody is fighting over Debra Bruss: Healthcare is a business like any other. There is athe same dollar. worldwide marketplace where lessons learned in Indonesia can be adopted in the US. Developments from every corner of theHow can healthcare providers balance costs and demands? world can and should be shared worldwide.Debra Bruss: When resources are limited, this is difficult to By sharing knowledge, skill, and economies of scale, we allcontrol. It is an equation that has been out of balance for a win. www.healthcare-summit.com
October 24-26, 2011 | Red Rock Casino • Resort • Spa | Las Vegas | NV Contact: Stacey Melvin, Journalist, marcus evans, Summits Division Tel: + 357 22 849 400 Email: firstname.lastname@example.org About the National Healthcare CFO Summit Fall 2011 This unique forum will take place at The Red Rock Casino, Resort & Spa, Las Vegas, Nevada, October 24-26, 2011. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on strategies for growing net revenue and controlling costs, revenue cycle management and the transformation of our healthcare system. For more information please send an email to email@example.com or visit the event website at www.healthcare-summit.com marcus evans group - finance/insurance sector portal Complementing our summit format, the Finance Network – marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations. Lend an ear to fellow experts and live news from our events on our LinkedIn and Twitter accounts! Please note that the summit is a closed business event and the number of participants strictly limited. About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit www.marcusevans.com All rights reserved. The above content may be republished or reproduced – kindly inform us by sending an email to firstname.lastname@example.org www.healthcare-summit.com