2013 a ‘world of transformation’
Frist talks of new fellowship program, challenges ahead and goals for healthcare
Transplant surgeon and former Senate Majority Leader Bill Frist (R-Tenn.) sees a healthcare industry in flux, driven by the need to crack the “value equation” that ties cost control to outcomes. Frist signed on as co-director of a new fellowship program established by the Nashville Health Care Council and Vanderbilt University to help council members’ executives meet that challenge.
The council represents about 150 healthcare companies that call the city home, including HCA, the hospital chain founded by his father and brother, Dr. Thomas Frist Sr. and Dr. Thomas Frist Jr. The fellowship’s sponsors are HCA, Community Health Systems, LifePoint Hospitals, Healthways, and Blue Cross and Blue Shield of Tennessee.
This month, the council expects to select an inaugural class of 20 to 30 executives for eight daylong sessions in the spring.
Frist, who retired from the Senate in 2007, is a partner in Cressey and Co., a private equity firm focused on healthcare services and facilities, and he works on healthcare issues with the Bipartisan Policy Center, a think tank formed by four other former Senate majority leaders.
Modern Healthcare reporter Beth Kutscher, based in Nashville, talked with Frist about how the fellowship program will operate and the forces at work in the industry that he says created a need for it.