It won’t be enough to change the rules; you have to change health provider behaviors.
Gainesville, FL (PRWEB) January 11, 2013
If Obamacare is to increase the value of care in the newly-revamped US healthcare system and reduce the rate of cost increases, it will have to find a way to change behaviors by healthcare providers, according to a new White Paper "Obamacare") from the Perth Leadership Institute This new approach is a natural consequence of new findings in behavioral economics and finance which offer powerful new insights to leaders in both industry and government, including in the US healthcare system.
The Perth Leadership Institute, the industry thought leader in business acumen assessment and development programs, today announced that it has released its White Paper on Obamacare that proposes a totally new approach to increasing the value provided by the revamped US healthcare system while reducing the level of cost increases. This approach is based on ten years of field work and research by the Perth Leadership Institute. It links its approach to the issue of cognitive biases in leaders and teams which lead otherwise great organizations and teams to under-perform financially.
The White Paper bases its findings on its new approach to leadership that assesses the behavioral propensity to create value and to improve budgetary and financial outcomes. These can be used to predict value and financial outcomes in a market and to reveal which of the organizations in it will do well or badly in financial terms.
According to Dr. E. Ted Prince, Founder and CEO of the Institute, “In healthcare systems, the traditional approach has been to focus on improving medical acumen. However it is clear that this model needs to transition to one that Perth Leadership calls the “health portfolio manager” model. Our approach shows that, paradoxically, more new drugs and medical treatments will actually reduce the value provided by the healthcare system unless there are parallel behavioral changes. I believe that this new approach would be transformational for US healthcare providers, as well as for patients.”
The Perth Leadership Institute has developed innovative approaches to leadership styles and financial impacts based on its research into business acumen. These form part of its business acumen assessment and development programs for managers and executives. It has developed business acumen assessment instruments, such as the Financial Outcome Assessment®, used by executives and managers to increase their financial and valuation impact.
The Perth Leadership Institute was founded in 2002 in Gainesville, Florida, by Dr. E. Ted Prince to carry out research into the linkages between behavior and company financial outcomes. Its programs are targeted at executives and managers and are used for leadership and executive development, talent management and to improve individual and team financial performance at the middle and senior levels of organizations.