Preston Alexander

I've said it before and I'll say it again... man I love being a turtl...

Wait, wrong thing

Here it is...

If clinicians aren't leading
It's not a healthcare company
It's a tech company in healthcare

Big difference

I believe this to my core

So, I spend a ton of time talking with clinicians
And even more time listening to them
And more, doing what they suggest

It's also why I could not and would not start anything without clinicians securely in driver seats when launching my next healthcare startup

And why I am and will be forever grateful for Dr. Derrick Khor and Adopt-A-Doc for finding and introducing me to an amazing clinician to be part of the founding team

To lead

In like, 18 minutes by the way

Interested in making change in healthcare but don't have a clinical background?

Steal my super simple playbook:

Find a clinical partner
Listen to them
Let the lead

How do you find one?

DM people on LinkedIn
Post content and create relationships
Send a message to Dr. Khor or I'll intro you
Next time you see your doctor, ask them who they know

There are thousands of clinicians out there looking to make an impact

And they'll make dang good leaders

Be a healthcare company

P.S. If you're a clinician looking to jump into HealthTech but don't know where to start, start here: https://lnkd.in/gVRtQGZN

I breakdown the business of healthcare for aspiring leaders, operators, and entrepreneurs

See you out there!

Here is how hospitals think about nurses:

Less nurses = less expense

Here’s how they should think about nurses:

More nurses = lower cost from turnover
More nurses = shorter length of stay
More nurses = higher cost savings
More nurses = better patient care
More nurses = lower death rates
More nurses = more patients
More nurses = higher profit

Hospitals have it backwards

Nurses aren't a cost center

Nurses are a profit center

#healthcare #healthcarereform #change #nursing

Keep nurses as far away from the money as possible

Why?

I’ll tell you

Power and money

Here’s the relative timeline:

1920’s
Nursing was the greatest path to women’s financial independence
Nurses turned hospitals around, improving safety and outcomes
Nursing was billed as a separate line item on a hospital bill
Hospitals became the center of healthcare delivery

1930’s
Insurance models boomed and hospitals wanted new billing methods
Hospitals emulated hotels, began adding nursing into room rates
Hospitals reduced nurses to costs, and away from the money

2023
Nurses strike because they are selfish
Nurses don’t deserve reimbursement
Nurses are a cost center

We've gotten it wrong for 100 years

Here’s a basic equation to realize the importance of nursing

Profit = Revenue - Cost

Great, reduce cost (nursing), improve profit

The issue is nurses aren’t a cost

Costs don’t add value
Costs can be reduced
Costs can be eliminated

But here is what happens when nursing is reduced

Increase avoidable deaths
Increase in medical errors
Increase in length of stay
Increase in readmissions
Increase infection rates

Not to mention the decreases

In quality
In patients
In lab tests
In surgeries
In satisfaction

Decrease in revenue drivers

It’s simple

Nurses are not a cost driver
Nurses are not a revenue driver

Nurses are a profit center

Let’s not let 100 year old policy keep degrading one of the most noble professions providing untold value to patients and their institutions

Bonus points…

Nurses had their autonomy taken as the tides turned through hospital and health system employment

How many doctors are employed these days?

#healthcare #healthcarereform #change #nurses #nursesonlinkedin

P.S. If you liked this breakdown, you’ll love The Healthcare Breakdown, where I breakdown the business of healthcare so you can see what’s really going on

Sign up here: https://buff.ly/42LgK2s

See you out there!