Facilitating a generational change
January 1st 2004An insightful man named Blake Segal once said, "It is not a parent's job to protect their kids from life, but to prepare them for it." Wise words indeed, and ones that Bob Greczyn has taken to heart. Although he has three children of his own, he wants to help prepare yours for a healthy future, and everyone else's as well.
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The devil might be in the details, but that's where the hope for redemption is, too. Money-saving strategies are nothing new in the healthcare industry, but ones that can save more than $11 million a year-without a single budget cut, no less-are a little more difficult to generate.
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Going Public is Our Best Option
October 1st 2003The competition in healthcare has never been fiercer than it is today. Even in the best of economies (which the current one certainly isn't, even though Wall Street seems to be gaining steam), health plans usually operate on a profit margin of 2% or less.
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If there's one thing Regina Herzlinger understands, it's the relationship between risk and benefit. Her home in Belmont, Mass., sits high on a hill and offers a stunning view of the Boston skyline across the Charles River. But there was a price to pay for that unobstructed view, and after a very frightening near-accident involving her car and some black ice, it didn't take Regina and her husband George-with doctorates in business and physics, respectively-long to realize that the risks were too high.
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Michael Cascone Jr. must be a big fan of Charles Darwin. When asked to identify the single most important issue facing healthcare today, the CEO of Blue Cross Blue Shield of Florida (BCBSF) replied, "Keeping the government out of benefits definition, and allowing people to shape the marketplace according to the benefits they want."
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