Shifting Our Healthcare System to Value-Based Care
Why health care spending in the U.S. is twice the average of other industrialized nations — with worse outcomes! Can a shift to value-based care from a traditional fee-for-service model effectively reduce health spending while maintaining quality and patient satisfaction? Can the American health care sector be transformed from one that is “volume-driven” to one that is “value-driven?”
Personalized Medicine and the Newly-Engaged Patient-Consumer
As we learn even more about human genetics, medicine is entering in a new wave of innovation, based on the identification of new genetic markers that allow doctors to target disease with precision never dreamed of. Care delivery will become tailored to the individual patient instead of the disease. This new patient-centered era of care is unfolding as patients are experiencing increased “skin in the game,” leading to a new generation of patient-consumers that expect both transparent cost information and affordable, personalized treatment
Creating a Culture of Health
Health care is not the driver of health. Our behaviors, shaped by our physical and social environment, are the primary determinants of health and well-being. Knowing this, can a community create a culture of health that drives better health outcomes without costly interventions? This speech draws from personal experience establishing the collective-impact organization “NashvilleHealth.”
Building a Successful Health Services Company
Perspective from a Partner and Executive Committee Chairman at the successful private equity firm Cressey and Company — which has invested and managed over $1 billion of healthcare investments — and co-founder of Aspire Health. How private equity contributes to building companies that offer solutions to problems that government can’t address, and can be profitable while pursuing a social mission.
Intersection of Nature and Health
Empirical evidence increasingly demonstrates that spending time outdoors in nature has proven health benefits, including reducing hypertension, respiratory tract and cardiovascular illnesses; benefitting mental health; and reducing anxiety and mental fatigue. Drawing from my experience in medical practice, in operating working farms, and serving on the board of a major global conservation organization, I link the importance of preserving our planet and building green cities to improving future health outcomes.
What can be expected and at how great a cost in an era of limited resources. Is prevention really the answer to our health care woes? How can health be improved outside the doctor’s office through community collaboration and intervention?
How can a state or local government successfully transform its education system to best meet the needs of its students? As founder and chairman of a unique statewide collaborative education model in Tennessee called SCORE, Senator Frist brought bring key players to the table to overhaul and modernize Tennessee’s schools, expectations and standards, and achieve the largest gains in K-12 academic achievement over the past 3 years.
Global health and International Relief
Reflections from personal experiences of practicing medicine and delivering care in 7 countries in Africa, as well as personally providing on the ground medical assistance immediately after Katrina, the Indian Ocean Tsunami, and the Haiti earthquake. This is centered on Senator Frist’s own medical volunteerism and his commitment to using “medicine as a currency for peace.”
The Transformative Impact of Disruptive Technology
How the latest biotech and life sciences innovations are changing the face of medicine today.
Accelerating Medical Innovation
It takes approximately $2 billion dollars and a decade of research and trials to bring a drug from the development stage to market. How modernizing the FDA can bring cures to the public faster and for less money. Reflects on recent progress made in Congress on these issues, including the 21st Century Cures initiative.
The Skyrocketing Costs of Healthcare
If skyrocketing costs of health care are really the fundamental culprit, how do we control the costs? Can competition and free markets really control health care costs: where competition has worked and where it has failed, and what we can do to make markets work.
Bill Frist has excelled, rising to the very top in not one career as many do, but in three entirely separate and independent careers.
In medicine, as a heart and lung surgeon, he performed the first lung transplant and the first pediatric heart transplant in Tennessee, and the first successful combined heart-lung transplant in the South.
In politics, as a United States Senator, he ascended to become the highest elected position in that body, the Majority Leader, having served fewer total years in Congress than anyone elected to that position in history.
In business, as an entrepreneur and investor, he cofounded and grew Aspire Health over a five year period to become the largest community-based palliative healthcare company in America.
As the founder and director of the Vanderbilt Multi-Organ Transplant Center, he performed over 150 heart and lung transplants, authored over 100 peer-reviewed medical articles, and published seven books on topics such as bioterrorism, transplantation, and leadership.
As the first practicing physician elected to the Senate since 1928, Senator Frist represented Tennessee from 1994 until 2006, serving on both the Health, Education, Labor & Pensions (HELP) and the Finance Committees responsible for writing all health legislation. As Majority Leader, his leadership was instrumental in passage of the 2003 Medicare Modernization Act and the historic PEPFAR legislation that has provided life-saving treatment globally to over 12 million people and reversed the spread of HIV/AIDS worldwide. He also held seats on the Foreign Relations Committee where he chaired the Subcommittee on Africa, the Commerce Committee, and the Banking Committee. He served six years with President Clinton and six years with President Bush. Honoring his pledge to serve just two terms, he left the Senate and his position as Majority Leader in 2006.
Dr. Frist annually has led medical mission trips to Africa and Haiti, and emergency response teams to disasters around the globe, including to Sri Lanka after the Indian Ocean Tsunami, Bangladesh, Sudan, New Orleans after Katrina, Haiti after the earthquake, and the horn of Africa. He is chairman of Hope Through Healing Hands, which focuses on global health and global poverty; SCORE, a statewide collaborative education reform organization that has helped propel Tennessee to prominence as a K12 education reform state; and NashvilleHealth, which works to improve the health and well-being of Nashvillians by targeting tobacco use, heart health, and reducing infant mortality.
His current board service includes the Robert Wood Johnson Foundation, The Nature Conservancy, Kaiser Family Foundation and the Smithsonian Museum of the American Indian. Senator Frist serves as a Senior Fellow at the Bipartisan Policy Center. Additionally, he is a member of the advisory committee for global health at Harvard Medical School.
In the private sector, he serves on three public (NYSE) company boards: Select Medical, Teladoc and AECOM (the largest engineering/architectural company in the world). In addition, he is a board member of Unitek (nursing and information technology), Aegis Sciences Corporation (laboratory), Aspire Health, MDSave (health consumerism), Cognosante (health information technology), Devoted Health (health plans), MyNexus (home health) and Accolade (patient navigation).
Currently, Dr. Frist serves as an adjunct professor of Cardiac Surgery at Vanderbilt University and is a partner of both investment firms Cressey & Company and Frist Cressey Ventures. He is actively engaged in medical, humanitarian, and philanthropic communities.
He has three sons and lives on a farm with his wife Tracy in Franklin, Tennessee.