Hospitals

“So I feel today approximately 15, 20% doctors would be attached with hospitals.”

“He's got GC buying up and rolling up accounting firms, et cetera, healthcare firms, hospitals, et cetera.”

“If you don't have that money, and 40% of people don't have 400 dollars for an emergency, when you go to the hospital, as an example, they literally end up loaning you the money. And that, as a result, we've turned hospitals and providers into subprime lenders.”

“If you want to be successful in healthcare startups, my personal advice is that latch on to some initiative, whether it's compliance, or whether it's government initiative, or somewhere where there's a wave of creating wealth and solving a problem, because oth…”

“We now are, I would say, 40% on direct-to-consumer, and 60% is, you know, selling, we're with long-term care homes, we're with medical distribution centers, physio clinics hospitals so we're really a hybrid of a model right now”

“Once you're in the hospital, and you're providing value you know, they don't want to displace you, because they have to go through the process all over again with somebody else”

“Physicians, 760,000 or so, all work on a cash basis. That's their accounting model. The hospital systems and the facilities that provide healthcare around the country work on a revenue basis. As long as I have enough revenue coming in, I can win. And then you …”

“Like the COVID was a great example. Like people, the hospitals didn't have enough inventories all run just in time, which is just a ridiculous way to run a healthcare network just in time because in a crisis, you better have some inventory.”

“Sitting in the hospital conversation. I've got a med device vendor, I've got IT, and then I've got me as a sales engineer at one point. Having to have, you know, eight month long meetings to connect one single modality. And that, you know, dies on the vine, ri…”

“What we've learned here in developing this better mousetrap is that with the digital capability, we can do this testing, ah, with like, 80 watts of energy versus the 3000 plus watts of energy that a patient is subjected to in a hospital setting.”

“Food prep is the most labor-intensive industry of all labor-intensive industries here. And again, quantitatively, the way you measure it is how many full-time employees do you need per million dollars of revenue generated. Food requires about 13 people per mil…”

“So for every hospital we work with, we save them at least five million dollars a year because by hiring permanent nurses faster from Incredible Health, they're able to reduce their temporary labor and overtime costs.”

“Our customer, these hospitals, do not want to buy piecemeal solutions. They want to buy everything from one vendor, and they want that one vendor to provide the very best, most integrated experience possible.”

“So specifically, it amounted to 44,000 to 64,000 dollars per physician. In incentive payments over a few years for adopting it. Now that actually went to the hospital, but it was basically, you get paid for how many physicians are doing this.”

“Market penetration of electronic healthcare records went from nine percent of hospitals in 2009 To 95% by 2014.”

“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 …”

“We spent more on data centers in terms of CapEx last year than hospitals. I didn't actually realize how much we spent on hospitals, to be honest with you. We spent thirty-one billion on data centers, twenty-seven billion on hospitals.”

“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.”

“Like today, when we are going in to say that we want to make a minority investment in hospitals, a lot of people think we're taking a risk. If there's a 90% chance of failure, we would still like to do it.”

“If you think about the big three forces of healthcare, it's these HMOs negotiating to keep rates down and provide access. Hospitals are negotiating to bring in as many patients as they can and get the highest prices they can to cover their fixed costs in their…”

“Changing a brand is very, very difficult. It's difficult to move people from one brand to the other, be it a doctor, be it a hospital, be it a healthcare provider like Potia. It is something that requires a lot of effort to move people from one brand to the ot…”

“Then there are the, you can do a heart and lung transplant and massive. You pay 50 lakhs or crore rupees to get your heart and lung transform. Huge margins there.”

“The moment a good hospital goes into a city the overall health the health seeking behavior of that city goes up and people are willing to take good quality health care and supportive care.”

“Where does the hospital make money really is in the first two days of the of the admission of a patient. And that's when the real amount of revenue per operating bed comes in. After that, it becomes like a hostel or it becomes like a hotel. They're paying for …”

“If you have kids, if you go to hospital, it costs you maybe 50 euros to give birth.”

“Hospitals, if you back out the drugs they prescribe, hospitals are 28% of the revenue in all of healthcare, which is large, but hospitals provide a crap ton of value. Professional services like doctor's offices are 26%.”

“And so nursing homes have basically been taken over by private equity and hospitals have become for profit the big ones anyway.”

“If who makes money is being dictated by government policy, But then you're saying that hospital closure should be dictated by a hospital's failure to make money. Well, wait, that's not the market. That's government incentives.”

“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.”

“And if the schedule of the hospital allows for physicians and nurses and staff to get good regular sleep, then the physicians and nurses Make fewer medical errors. And that, that includes errors in terms of misprescribing something for the patient, as well as …”

“That this product exists, and that's ended up what, how, what we did. We ended up partnering with school districts and hospitals and governments to kind of get the word out about our products so that their staff wouldn't just feel like, hey, what's this sketch…”

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

“Also it was very apparent and various studies have also shown that 70% of the healthcare needs of people, of citizens are actually to be fulfilled outside of hospitals.”

“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…”

“I would say it's a mix, but the good news is no lobbyist represents the hospitals or the providers and the insurers because they're always fighting with each other. So you kind of have to pick.”

“It's a shit show. You know, you don't need, you know, all these, building all these new buildings and buying all this real estate, and there's no, you know, lying about your cost to do something. Oh, our Medicare, you know, we provide Medicare. We lose eight, …”

“So what we did in, in Tallahassee was first we had, you know, repealing of, you know, massive government regulations like CON, which created monopolies for hospitals.”

“Certain hospitals charge these exorbitant facility fees, and then no one is looking at that add exorbitant cost.”

“Pharmaceutical industry and the medical industry and the hospitals are all in it together to get you onto opioids, painkillers, antidepressants, anti-anxiety medications, anything like that is designed not to help you. It's designed to keep you giving them mon…”

“If you just take hospitals, And airports and things like that. Like they kind of, they're in sort of incented to have like another option and a kind of a better option, even just from optics point of view. And so I think you could do pretty well just by gettin…”

“The government and hospitals are now shifting the incentive model to value-based care.”

“I gotta say though, being in the healthcare industry and knowing folks who've worked in pharma, knowing folks who've worked in hospital and other large systems and insurance companies, most people are working there not for profit, but for personal reasons and …”

“Yeah, it's designed as a subscription, and within that, you know, the hospitals are picking, are selecting different tiers that are based on volume, but it's, of course, a hundred percent free for the nurses.”

“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…”

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

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

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

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

“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…”

“You know, saying, everybody in our hospital is all gonna use this checklist tomorrow, and we're gonna do that in a big bang. Just, it's never worked. We've never seen it work at all. With thousands of places that are rolled out, never seen it work.”

“We now see that there is direct correlation between the more of that you do, the better off patients are, substantially better off patients are, and better off in terms of quality.”

“There isn't a single hospital we have measured yet that is doing it at the highest levels that would get a, you know, five on a five point scale in all of those domains. The average hospital has got poor performance in at least one of them, and we have lots of…”

“Between hospitals and physician groups, we have about 70 groups on board, and the mix is about 20 hospitals and health systems and 50 independent practices.”

“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.”

“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 is going to be less reliance on skilled nursing facilities and medical home health, and going home is going to be the default option, and so you are going to see a lot more non-medical, non-clinical home care providers like Home Hero partnering with hosp…”

“They've been jolted enough by the changes in the U.S. Healthcare economy that they're willing to take risks of trying products From earlier stage companies that, you know, may not pass the SOX to compliance, you know, tests that they used to put you through.”

“For the last couple years, quite frankly, the incumbents have done pretty well, and so with the expansion of coverage, there's been a nice uptick in volume of paying customers, and the bad debt that used to plague hospitals and doctors has gone down, and so ma…”

“It takes half an FT per bed to bill and collect for patients in a hospital.”