2013 a ‘world of trans­for­ma­tion’

Frist talks of new fel­low­ship pro­gram, chal­lenges ahead and goals for health­care

Modern Healthcare - - THE WEEK IN 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.

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