hospitals

“So in the early summer of this year, CMS, the largest payer in the nation, proposed a new formal bundled payment for joint replacement. Now hostels are accountable for all the events. All the events during the 90 days after knee and hip replacement surgery.”

“There's, it's nothing too sophisticated. We're not talking about nation state adversaries or even the kid in the basement trying to hack into things. This is garden variety malware automated, sometimes 10 or 15 years old getting in.”

“If you think about kind of a hospital from the CFO's perspective misdiagnosis actually earns them more money. Because when you misdiagnose, you do follow-up tests, right? And those, and our billing system is fee-for-service. So every little test that's done is…”

“Hospitals are increasingly taking financial risk on their patients. They are financially on the hook for excessive care.”

“Hospitals alone are 15% of Energy, greenhouse gas production in the United States.”

“So you take, for example, in my system, ah, we own 39 hospitals, they're not even revenue centers, they're expense centers.”

“There's a Chinese group right now that's focused on ransomware for hospitals, because hospitals pay up, right?”

“And that's not to say that hospitals will disappear altogether, but I think what's very surprising is the kinds of procedures and activities that we'll see in hospitals will be specialized to the things that are so incredibly complex, like surgeries that requi…”

“We first, we really build this trust by people saying, this is cool. You see medicine, you don't see product, you don't see data, you don't see cash. And it really felt important because we were working with physicians, you know, so I think that the trust was …”

“We're going to give you this, you know, technology our platform we're going to help you on the data science side. We're going to have to curate data. No, we also even generate data, single cell data, special transcriptome, really high quality data sets they do…”

“Last year, I think it was literally 50% of hospitals were in the red.”

“And when you before Cedar only had a margin of maybe one or two or three percent, getting additional percent or percent and a half is of course very impactful.”

“Most hospitals have About 10 to 20% of their head count open at any given time, and they simply just can't find enough people to fill those roles.”

“I think what I'm really worried about is that when you're going to see this actually transition to people being actively hurt you know, hospitals being taken down, energy systems taken offline, other things like that. Obviously we've had cases of that already …”