S6E06 - The Health Care Economy (and what's left of it): What to expect when unemployment is at 20%

While our brave healthcare workers continue to fight against the spread of the  COVID pandemic, the healthcare industry as a business is suffering. The widespread economic shutdown enforced to reduce the risk of transmission affected hospitals and healthcare providers.  Today's session focuses on the current healthcare economy (and what's left of it). We feature Dr. Kevin Bozik, Professor and Chair of Surgery and Operative Care at the Dell Medical School at the University of Texas, and James Robinson, UCB Professor of Health Care Economics. They discuss the shapes of economic recovery, the impact of the economy on healthcare and insurance systems, the downside of U.S. government spending trillions of dollars on a short-term cure, and more. Jamie also shared his insights on the economic response and recovery of Europe and China compared to the U.S. Economy and healthcare are fascinating topics, and our guests' knowledge and insights were clearly communicated in this session. If you're wondering what's going to happen to your practice in the next weeks and months while the coronavirus spread is still going on, you really need to tune in to this conversation! Today’s Guests Kevin Bozic Kevin Bozic is a professor and chair of surgery and perioperative care at the Dell Medical School at UT Austin. He is a recognized leader in orthopedic care. Before joining the Dell Medical School, he was a professor and vice care of orthopaedic surgery at the UCSF School of Medicine and core faculty at the Philip R. Lee Institute for Health Policy Studies. He completed his Bachelor of Science degree in Biomedical Engineering from Duke University where we graduated magna cum laude. He received his M.D. with a thesis degree from UCSF, finished his orthopaedic surgery residency training in the Harvard Combined Orthopaedic Residency Program, and additional fellowship training in adult reconstructive surgery from Rush University Medical Center in Chicago. Bozic also holds a Masters of Business Administration from Harvard Business School (HBS).  James Robinson James Robinson is a Professor of Health Economics in the School of Public Health at the UC Berkeley, where he has the title of the Leonard D. Schaeffer Endowed Chair in Health Economics and Policy. Robinson is also the Chair of the Berkeley Center for Health Technology which supports research and professional education projects related to coverage, management, and payment methods for innovative technologies including biopharmaceuticals, medical devices, and diagnostics. Professor Robinson has published three books and over 120 papers in scientific and policy journals.   Key TakeAways: The U.S. economy's basics are good, but if the pandemic will continue, there will be a problem.  The unemployment effect is severe, but it's also highly localized. There will be a decrease in demand because of the out-of pocket responsibility of the insurer.  https://publichealth.berkeley.edu/people/james-robinson/ https://dellmed.utexas.edu/directory/kevin-bozic

Om Podcasten

The Digital Orthopaedics Conference San Francisco (DOCSF) was created to bridge the worlds of digital health and clinical orthopaedics and thereby catalyze the adoption of technology in musculoskeletal care. This podcast series features key speakers and highlights from the live event. Why orthopaedics? We believe that embedding digital technologies in a narrow integrated vertical is more likely to affect change than targeting one-fifth of the U.S. economy. We also believe that if a conference is to move the ball forward, it needs to target leaders who are positioned to drive change. These leaders want a conference that is practical, identifies solutions to real problems, and that provides perspective from people outside their normal circle. To this end, we invite Health Care, Industry, Finance, Entrepreneurs and Payers to participate. The DOCSF program design uses many educational formats including ‘case studies’ to illustrate success and a broad panel of experts to ask tough questions. And because change does not happen in a vacuum, we include leadership, policy and design segments in the program. Find out more, and register for our next conference, by visiting docsf.health.