IHIs Trillion Dollar Aim - Reduce Healthcare Waste by 50% by 2025
Summary
“Hi, I’m Jay Arthur, author of “Lean Six Sigma for Hospitals.” We were just out at the Institute for Healthcare Improvement conference in Orlando, Florida. (I can tell you based on what I was looking at on the posters, people are not really aggressively going after change…) “The IHI announced that it’s tackling what they call the “Trillion-Dollar Checkbook.” Their goal is to cut health care waste by 50% by 2025 – that’s five years from now. Then you’re going to need QI Macros software and you’re going to have to give that to everybody so that they can start to make improvements and do data analysis to find the 4%. A trillion dollars of waste, cut it in half in five years and start paying down lots of debt and things of that nature. Now, you know a lot of our political candidates are out there are saying, “Let’s find some way to tax the rich (or the whatever or businesses or something) to pay for all these social programs we want.” Nobody, but nobody’s thinking about “How do we reduce the costs that are out there?” If we reduce health care costs by 50%, that’s going to dramatically improve how much we pay through Medicare and so on.
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