Spring 2023 | Volume 12 | Number 2

In Every Issue

Editor's Letter

The President's Desk

The Philosopher's Corner

Affidavit: Healthcare and the Law

To Your Health

Not a Freudian Slip

Downloading Success

CyberVitals

Mind the Gap

Feature Articles

Behavioral Economics in Consumer Purchases of Health Insurance - Part 2


The Patient Will See You When? And Where?


From Transaction to Transition: Part 1 - The Important Role of Strategy in Leadership Transitions


Recovering and Thriving Post-Pandemic - Part 7: Addressing Provider Burnout


Leveraging the Impact of Grateful Leadership – A Science and Evidence-Based Framework


Wharton Around the Globe: Wharton Global Health Volunteers (WGHV) Partners with CarePay to Increase Access to Quality Healthcare in Nigeria

NOW AVAILABLE IN PAPERBACK!

Purchase Paperback and eBook on AMAZON

In Upcoming Issues

The Business Imperative to Make Diet Quality a Vital Sign


Escaping the Bad Hire - Why Assessment Tools Have Gone Mainstream

Quick Links
Editor's Letter

2023 has already been filled with lots of change in the world of healthcare. And with the expiration of the COVID-19 Public Health Emergency in May, it’s likely we’re in for yet another COVID-related whirlwind.


Great news! We’ve got you covered with a variety of articles to keep you up-to-date and well-prepared for what the future may hold.


Congratulations to Julian Harris, MD, MBA, WG'08, Chairman and CEO of ConcertoCare, who was awarded the Alumni Achievement Award for dedicating his career to improving U.S. healthcare as a clinician and leader in the public and private sectors. 


And thank you to the WHCMAA for honoring me with the Outstanding Service Award! I am in excellent company with the past awardees who came before me - Jeff Voigt, WG'85, Tom Kupp, WG'85, Bob McDonald, WG'92, and John Barkett, WG'09.


Lastly, in addition to the eBook version of The Philosopher's Corner, a paperback edition is now available. A special thanks goes to Danna Daughtry for her help in getting it formatted and loaded on Amazon!


“Step into the mindset of a diverse set of 40 healthcare leaders and Wharton alumni. Gain insight and career inspiration….from their perspectives shared with The Wharton Healthcare Quarterly over the last 10 years. The healthcare industry has changed dramatically, but there’s a common thread in their remarkable success.”



Z. Colette Edwards, WG’84, MD’85

Managing Editor

Contact Colette at: [email protected]



Have an article to contribute or words of wisdom for the Philosopher's Corner?
Send us an email.
See what our alumni have been up to.
Access previous newsletter editions.
Join our mailing list.
In Every Issue
The President's Desk

Contributor: Heather Aspras, WG’08


By the time this is published, we will be nearing graduation, class reunions, and the changing of the guard in the healthcare alumni association.


It has been such a privilege to serve this community for the past 6 years. During that time, we’ve experienced many changes and challenges together. I chaired our Events committee in pre-COVID times, served as Vice President during the height of the pandemic, and led the Board as President for the past two years as we’ve transitioned back to a more normal state.


When I step down from the Board on June 30, I’ll be leaving you in very capable hands as Katherine Clark Godiksen, WG'15 steps into the role of President. Read more.

The Philosopher’s Corner

This eclectic standing column features insightful musings, words of wisdom, life lessons, and stepping-stones to business success. This month's philosopher is Ankit Mahadevia, WG’08, author of a new book published by Simon and Shuster, Quiet Leader, Loud Results, and the CEO of Spero Therapeutics. Read more.

Affidavit: Healthcare and the Law - Preparing for the End of the COVID-19 Public Health Emergency

Contributors: Sean Zabaneh and Kevin Moran


At the start of the pandemic, the U.S. government declared a public health emergency (PHE) that opened the door for much needed flexibility related to COVID-19 treatment and coverage, telemedicine, and liability immunity for healthcare providers. Waivers of traditional healthcare credentialing, staffing, and reporting requirements were also available. On January 30, 2023, the Biden administration announced the PHE will expire on May 11, 2023. Because the PHE policies have been in place for nearly three years, healthcare market participants will undoubtedly experience a significant adjustment period that will necessarily involve reeducation of personnel to ensure compliance with applicable laws and regulations. Read more.

To Your Health: Divisive Dietary Advice - Please Stop!

Source: Bigstock

Contributor: Rich Butler, MS, USPTA


In 1992, an Independent candidate, Ross Perot (0 followers), won over 19,000,000 votes in the presidential election. That was unprecedented. If this were an election, neither David Ludwig nor Kevin Hall would get my vote. Enough with polarizing rhetoric around diets. Who would be the Ross Perot of the diet wars? Read more.

Not a Freudian Slip: The Impact of Mental Health Trauma on Healthcare Outcomes

Contributor: Ronke Komolafe, MD, MBA


Mental health trauma is a serious issue that can have far-reaching consequences for individuals and the greater healthcare system. Understanding how mental health trauma can impact healthcare outcomes is important to ensure quality care for all. This article will discuss five key points on how mental health trauma affects healthcare outcomes. Read more.

Downloading Success: The Perplexity of Founders 

Contributors: Bob Clarke and Joe Mazzenga


You may have heard the term “Founder’s Syndrome” to define what happens when an organization outgrows a long-tenured leader. Yet on the other side, what happens when that legacy leader continues to lead the organization so successfully that it seems nearly impossible to imagine continuing without them? This phenomenon is just as common as the latter. Read more.

CyberVitals: Medical Device Security Undergoes a Big Change

Contributor: Vidya Murthy, WEMBA’42 


On December 29, 2022 President Biden signed into law the ‘Consolidated Appropriations Act, 2023’ (H.R.2617) that had widespread cybersecurity impact, but also resulted in particular funding/initiatives for medical device cybersecurity. The constant attacks in healthcare have not gone unnoticed, and this bill solidifies the urgency of changing the status quo. The act goes into effect in March 2023 and may very well change the trajectory of healthcare cybersecurity. Read more.

Mind the Gap: Listening to the Community Is an Underappreciated Strategy to Improve Health Outcomes

Contributor: Lisa K. Fitzpatrick, MD, MPH, MPA 


In 2018, while serving as the chief medical officer for Washington, DC Medicaid, I was sitting at my desk poring over data in a consultant’s report. Except for after hours — nights and weekends — Washington, DC did not have a shortage of primary care. The report concluded the same and instead highlighted a different problem: engagement. 


Medicaid beneficiaries often preferred emergency care or no care over building a steady relationship with a primary care provider. I knew this from listening. Listening to my patients, to community members, to Medicaid beneficiaries. I decided to listen a bit more and interviewed a few people with recent visits to the emergency department. From these conversations, a few patterns emerged that highlight why, despite billions invested in healthcare innovation, we have yet to narrow health disparities gaps and sustainably improve health outcomes in Medicaid populations. Read more.

Feature Articles

Behavioral Economics in Consumer Purchases of Health Insurance - Part 2

Source: Bigstock

Contributor: Roy Goldman, PhD, FSA, MAAA, CERA


In Part 1 of this series, I posited that most individuals do not make rational economic decisions due to cultural, societal, psychological, and emotional reasons. As a result, people tend to choose financially inefficient or suboptimal products when it comes to selecting services and products related to their health and well-being. The examples I provided described scenarios in which some people made decisions that were not in their best interest, while in others the failure of plan administrators (and actuaries) to take human behavior into account resulted in a negative impact on the bottom line.


In Part 2, we’ll explore additional situations, as well as identify actions that can be taken to optimize health and well-being as well as the finances of the patient and the health plan. Read more



The Patient Will See You When? And Where?



Source: Bigstock

Contributor: Ruchin Kansal


In 2016, Eric Topol wrote his book The Patient Will See You Now. Six years later, as a patient, it feels like the situation is more like: The patient will see you when? And where? Searching for answers, I did some research. And it is disheartening. Read more. 

From Transaction to Transition: Part 1 - The Important Role of Strategy in Leadership Positions



Source: Bigstock

Contributors: Jennifer L. Tomasik, SM, FACHE and Chris Hugill, MBA


The “Great Resignation” has normalized and accelerated a trend that has been a longstanding reality for organizations throughout the healthcare ecosystem: leaders move around. While some departures are welcome, many come with unavoidable costs, such as a reduction in organizational knowledge, a dip in managerial capacity, or a void in direction. Bringing in a new leader to replace the departing one comes with its own risks — from misaligned expectations about strategy and priorities to unhappy teams, to name a few. We find the simple swapping of one leader for another, a leadership transaction, can run afoul of these risks. Conversely, organizations that seek to carry out a true leadership transition will find benefits to their organizational effectiveness, strategy, and culture. Read more. 

Recovering and Thriving Post-Pandemic - Part 7: Addressing Provider Burnout 

Source: Pixabay

Contributors: Wren Keber, Lisa Soroka, and Z. Colette Edwards, WG’84 MD’85


Many years before the pandemic, long-standing dissatisfaction was evident among healthcare workers, particularly among physicians and other clinical providers. Despite efforts by Management Service Organizations (MSOs) and other operators to reduce administrative burden, increase patient satisfaction, and improve provider experience, these efforts are widely considered to be not at all sufficient and/or effective. The lack of sufficient attention and focus on prioritizing these issues and taking concrete and effective action further frustrate the workforce because needs continue to go unmet, and burnout continues to rise. Read more

Leveraging the Impact of Grateful Leadership - A Science and Evidence-Based Framework

Photo courtesy of Unsplash/Marcus Spiske

Contributor: Linda Roszak Burton, ACC, BBC, BS


Answering the call for a construct capturing evidence-based best practices essential for healthcare leaders and speaking to the industry's unprecedented challenges is a grateful leadership framework. A strengths-based framework supported by research in gratitude, positive psychology, neuroscience, and positive organizational behavior (POB) offers the most progressive and promising approach. In addition, it speaks not only to the clinical workforce but to all employees because it’s driven by universally intrinsic human needs and maximizes human potential at every level in any job description. Read more

Wharton Around the Globe: Wharton Global Health Volunteers (WGHV) Partners with CarePay to Increase Access to Quality Healthcare in Nigeria



Contributor: Blair Seiler, WG'23


This year, a team of six Wharton students supported a Nigeria-based healthtech startup, CarePay, to develop its go-to-market strategy. The students: Shreeya Bhutani (WG ‘24), Georgina Coleman (WG’23), Mary Joseph (WG’23), Dolapo Salawu (WG’24), Blair Seiler (WG’23), and Josh Wong (WG’24) are part of the Wharton Global Health Volunteers. Read more. 





CONNECT WITH US
Facebook  Twitter  Instagram  Linkedin  
Disclaimer: The opinions expressed within are those of the authors and editors of the articles and do not necessarily reflect the views, opinions, positions or strategies of the Wharton School and/or the University of Pennsylvania, and/or their respective organizations. Publication in this e-magazine should not be considered an endorsement. The Wharton Healthcare Quarterly and WHCMAA make no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this e-magazine and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.